Kowal Investment Group LLC acquired a new stake in ConocoPhillips (NYSE: COP – Get Rating) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,577 shares of the energy producer’s stock, valued at approximately $ 258,000.
Other large investors have also made changes to their positions in the company. Delos Wealth Advisors LLC increased its position in ConocoPhillips by 1,300.0% in the 4th quarter. Delos Wealth Advisors LLC now owns 378 shares of the energy producer’s stock valued at $ 27,000 after acquiring an additional 351 shares during the period. Lenox Wealth Advisors LLC grew its stake in shares of ConocoPhillips by 435.6% in the 4th quarter. Lenox Wealth Advisors LLC now owns 482 shares of the energy producer’s stock valued at $ 35,000 after purchasing an additional 392 shares during the last quarter. Pittenger & Anderson Inc. grew its stake in shares of ConocoPhillips by 49.9% in the 4th quarter. Pittenger & Anderson Inc. now owns 526 shares of the energy producer’s stock valued at $ 38,000 after purchasing an additional 175 shares during the last quarter. DeDora Capital Inc. acquired a new position in shares of ConocoPhillips in the first quarter valued at approximately $ 39,000. Finally, Tyler Stone Wealth Management purchased a new stake in shares of ConocoPhillips during the fourth quarter worth approximately $ 47,000. 78.80% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Ryan Michael Lance sold 584,900 shares of the stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $ 121.21, for a total transaction of $ 70,895,729.00. Following the sale, the chief executive officer now owns 44,522 shares of the company stock, valued at $ 5,396,511.62. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Nicholas G. Olds sold 19,200 shares of the stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $ 110.51, for a total value of $ 2,121,792.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 644,703 shares of company stock worth $ 77,172,426. Corporate insiders own 0.08% of the company stock.
Several equities analysts have issued reports on COP shares. Royal Bank of Canada boosted their price target on shares of ConocoPhillips from $ 110.00 to $ 120.00 and gave the company an “outperform” rating in a research note on Monday, March 7th. StockNews.com raised shares of ConocoPhillips from a “hold” rating to a “buy” rating in a report on Saturday, May 14th. Morgan Stanley reduced their price objective on shares of ConocoPhillips from $ 120.00 to $ 118.00 and set an “overweight” rating for the company in a research report on Monday, June 6th. Barclays boosted their target price on ConocoPhillips from $ 132.00 to $ 142.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 14th. Finally, Wells Fargo & Company raised their price target on ConocoPhillips from $ 114.00 to $ 130.00 and gave the company an “overweight” rating in a report on Friday, March 11th. Three analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $ 110.91.
ConocoPhillips stock opened at $ 90.91 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.41 and a current ratio of 1.51. The firm has a market capitalization of $ 117.59 billion, a price-to-earnings ratio of 9.37, a price-to-earnings-growth ratio of 0.32 and a beta of 1.34. ConocoPhillips has a fifty-two week low of $ 51.41 and a fifty-two week high of $ 124.08. The stock’s fifty day moving average is $ 104.57 and its two-hundred day moving average is $ 94.56.
ConocoPhillips (NYSE: COP – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The energy producer reported $ 3.27 EPS for the quarter, beating analysts’ consensus estimates of $ 3.24 by $ 0.03. The business had revenue of $ 19.29 billion for the quarter, compared to analyst estimates of $ 18.36 billion. ConocoPhillips had a return on equity of 24.89% and a net margin of 22.52%. The business’s revenue for the quarter was up 82.7% compared to the same quarter last year. During the same quarter last year, the company earned $ 0.69 earnings per share. As a group, sell-side analysts forecast that ConocoPhillips will post 15 EPS for the current fiscal year.
The business also recently disclosed a dividend, which will be paid on Friday, July 15th. Investors of record on Tuesday, June 28th will be paid a dividend of $ 0.70 per share. The ex-dividend date is Monday, June 27th. This represents a dividend yield of 3.21%. This is a positive change from ConocoPhillips’s previous dividend of $ 0.30. ConocoPhillips’s dividend payout ratio (DPR) is presently 18.97%.
ConocoPhillips Company Profile: (Get Rating)
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. It primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. The company portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.
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