Olistico Wealth LLC Sells 150 Shares of ConocoPhillips (NYSE:COP)

Olistico Wealth LLC cut its holdings in ConocoPhillips (NYSE:COP) by 24.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 464 shares of the energy producer’s stock after selling 150 shares during the quarter. Olistico Wealth LLC’s holdings in ConocoPhillips were worth $49,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Atomi Financial Group Inc. boosted its stake in ConocoPhillips by 9.8% in the third quarter. Atomi Financial Group Inc. now owns 11,360 shares of the energy producer’s stock valued at $1,196,000 after acquiring an additional 1,013 shares during the last quarter. Marion Wealth Management boosted its position in shares of ConocoPhillips by 8.7% during the third quarter. Marion Wealth Management now owns 13,000 shares of the energy producer’s stock worth $1,369,000 after purchasing an additional 1,044 shares in the last quarter. Financial Synergies Wealth Advisors Inc. boosted its position in shares of ConocoPhillips by 6.4% during the third quarter. Financial Synergies Wealth Advisors Inc. now owns 4,144 shares of the energy producer’s stock worth $436,000 after purchasing an additional 250 shares in the last quarter. Aprio Wealth Management LLC boosted its position in shares of ConocoPhillips by 4.8% during the third quarter. Aprio Wealth Management LLC now owns 2,125 shares of the energy producer’s stock worth $224,000 after purchasing an additional 97 shares in the last quarter. Finally, Bangor Savings Bank boosted its position in shares of ConocoPhillips by 13.0% during the third quarter. Bangor Savings Bank now owns 2,277 shares of the energy producer’s stock worth $240,000 after purchasing an additional 262 shares in the last quarter. 82.36% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Timothy A. Leach sold 55,500 shares of ConocoPhillips stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $108.11, for a total value of $6,000,105.00. Following the completion of the transaction, the director now owns 455,909 shares of the company’s stock, valued at $49,288,321.99. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

COP has been the topic of a number of recent analyst reports. UBS Group reduced their price target on shares of ConocoPhillips from $153.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. StockNews.com cut shares of ConocoPhillips from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Barclays reduced their price target on shares of ConocoPhillips from $156.00 to $135.00 and set an “overweight” rating on the stock in a research report on Thursday, October 3rd. Wells Fargo & Company dropped their price objective on shares of ConocoPhillips from $150.00 to $132.00 and set an “overweight” rating on the stock in a report on Friday, September 27th. Finally, Mizuho dropped their price objective on shares of ConocoPhillips from $132.00 to $129.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.29.

ConocoPhillips Stock Down 3.4 %

Shares of COP stock opened at $110.80 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 0.34. ConocoPhillips has a 1 year low of $101.29 and a 1 year high of $135.18. The firm’s fifty day moving average price is $108.88 and its two-hundred day moving average price is $115.88. The firm has a market capitalization of $129.58 billion, a P/E ratio of 12.55, a PEG ratio of 0.87 and a beta of 1.21.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, August 1st. The energy producer reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.02. ConocoPhillips had a net margin of 18.18% and a return on equity of 20.81%. The firm had revenue of $14.14 billion for the quarter, compared to analyst estimates of $14.96 billion. During the same period in the previous year, the business earned $1.84 EPS. The company’s revenue was up 9.7% compared to the same quarter last year. On average, equities analysts predict that ConocoPhillips will post 8.02 EPS for the current fiscal year.

ConocoPhillips Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 12th were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend was Monday, August 12th. ConocoPhillips’s dividend payout ratio (DPR) is presently 26.27%.

ConocoPhillips Profile

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.