ConocoPhillips (NYSE:COP) Shares Bought by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise raised its position in ConocoPhillips (NYSE:COP) by 20.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,332 shares of the energy producer’s stock after acquiring an additional 1,598 shares during the quarter. Banque Cantonale Vaudoise’s holdings in ConocoPhillips were worth $982,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vident Advisory LLC grew its position in shares of ConocoPhillips by 5.4% during the first quarter. Vident Advisory LLC now owns 24,998 shares of the energy producer’s stock worth $3,182,000 after buying an additional 1,291 shares in the last quarter. EntryPoint Capital LLC acquired a new position in shares of ConocoPhillips during the first quarter worth about $46,000. CreativeOne Wealth LLC grew its position in shares of ConocoPhillips by 32.1% during the first quarter. CreativeOne Wealth LLC now owns 8,856 shares of the energy producer’s stock worth $1,127,000 after buying an additional 2,150 shares in the last quarter. EP Wealth Advisors LLC grew its position in shares of ConocoPhillips by 19.1% during the first quarter. EP Wealth Advisors LLC now owns 28,601 shares of the energy producer’s stock worth $3,640,000 after buying an additional 4,578 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC grew its position in shares of ConocoPhillips by 1.2% during the first quarter. Stonebridge Capital Advisors LLC now owns 57,383 shares of the energy producer’s stock worth $7,304,000 after buying an additional 693 shares in the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips Stock Performance

NYSE:COP opened at $113.43 on Thursday. The firm has a market cap of $130.55 billion, a price-to-earnings ratio of 13.49, a price-to-earnings-growth ratio of 0.92 and a beta of 1.21. The firm’s fifty day moving average price is $108.57 and its 200 day moving average price is $111.48. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 1.16. ConocoPhillips has a 1-year low of $101.29 and a 1-year high of $135.18.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, October 31st. The energy producer reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.10. The firm had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.97 billion. ConocoPhillips had a net margin of 17.29% and a return on equity of 19.53%. The firm’s revenue was down 8.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.16 earnings per share. On average, sell-side analysts expect that ConocoPhillips will post 7.8 EPS for the current year.

ConocoPhillips Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 11th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, November 8th. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.58. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.75%. ConocoPhillips’s dividend payout ratio is 37.10%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on COP. Susquehanna boosted their price objective on ConocoPhillips from $144.00 to $148.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Mizuho upped their price target on ConocoPhillips from $129.00 to $132.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Truist Financial lowered their price target on ConocoPhillips from $145.00 to $138.00 and set a “buy” rating for the company in a report on Monday, September 30th. Wells Fargo & Company reaffirmed a “sector perform” rating on shares of ConocoPhillips in a report on Friday, October 18th. Finally, BMO Capital Markets upped their price target on ConocoPhillips from $123.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, October 4th. Six investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.63.

About ConocoPhillips

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.