Wedmont Private Capital increased its position in shares of ConocoPhillips (NYSE: COP – Get Rating) by 47.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,184 shares of the energy producer’s stock after purchasing an additional 1,658 shares during the period. Wedmont Private Capital’s holdings in ConocoPhillips were worth $ 521,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rockland Trust Co. grew its position in ConocoPhillips by 3.8% during the fourth quarter. Rockland Trust Co. now owns 10,933 shares of the energy producer’s stock worth $ 789,000 after buying an additional 399 shares during the period. Old North State Trust LLC grew its position in ConocoPhillips by 25.0% during the fourth quarter. Old North State Trust LLC now owns 1,180 shares of the energy producer’s stock worth $ 85,000 after buying an additional 236 shares during the period. California State Teachers Retirement System grew its position in shares of ConocoPhillips by 2.6% in the fourth quarter. California State Teachers Retirement System now owns 2,327,977 shares of the energy producer’s stock valued at $ 168,033,000 after purchasing an additional 59,037 shares during the last quarter. Retirement Group LLC grew its position in shares of ConocoPhillips by 12.2% in the third quarter. Retirement Group LLC now owns 15,326 shares of the energy producer’s stock valued at $ 1,039,000 after purchasing an additional 1,672 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in shares of ConocoPhillips by 9.2% in the third quarter. UBS Asset Management Americas Inc. now owns 6,262,480 shares of the energy producer’s stock valued at $ 424,408,000 after purchasing an additional 529,105 shares during the last quarter. 78.80% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently commented on COP shares. KeyCorp increased their price target on shares of ConocoPhillips from $ 112.00 to $ 118.00 and gave the company an “overweight” rating in a research report on Friday, April 8th. Barclays increased their price target on shares of ConocoPhillips from $ 132.00 to $ 142.00 and gave the company an “overweight” rating in a research report on Tuesday, June 14th. Scotiabank upgraded shares of ConocoPhillips from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $ 110.00 to $ 115.00 in a research report on Monday, April 18th. Susquehanna upped their price objective on shares of ConocoPhillips from $ 108.00 to $ 129.00 in a research note on Monday, April 25th. Finally, Raymond James upped their price target on shares of ConocoPhillips from $ 120.00 to $ 160.00 and gave the company a “strong-buy” rating in a research note on Monday, April 25th. Three investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, ConocoPhillips currently has an average rating of “Buy” and a consensus target price of $ 108.61.
Shares of COP stock opened at $ 93.74 on Monday. The company fifty day simple moving average is $ 105.29 and its 200-day simple moving average is $ 94.01. ConocoPhillips has a 52 week low of $ 51.41 and a 52 week high of $ 124.08. The company has a current ratio of 1.51, a quick ratio of 1.41 and a debt-to-equity ratio of 0.36. The company has a market cap of $ 121.25 billion, a PE ratio of 9.66, a P / E / G ratio of 0.33 and a beta of 1.34.
ConocoPhillips (NYSE: COP – Get Rating) last issued its earnings results 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 the estimate consensus of $ 18.36 billion. ConocoPhillips had a net margin of 22.52% and a return on equity of 24.89%. 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 firm posted $ 0.69 EPS. Equities research analysts expect that ConocoPhillips will post 15 EPS for the current fiscal year.
The company also recently announced a dividend, which will be paid on Friday, July 15th. Investors of record on Tuesday, June 28th will be issued a dividend of $ 0.70 per share. This represents a yield of 3.21%. This is a positive change from ConocoPhillips’s previous dividend of $ 0.30. The ex-dividend date of this dividend is Monday, June 27th. ConocoPhillips’s dividend payout ratio (DPR) is presently 18.97%.
In other ConocoPhillips news, EVP Nicholas G. Olds sold 19,200 shares of the firm’s stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $ 110.51, for a total transaction of $ 2,121,792.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy A. Leach sold 40,603 shares of the firm’s stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $ 102.33, for a total transaction of $ 4,154,904.99. Following the transaction, the director now directly owns 666,002 shares of the company stock, valued at $ 68,151,984.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 644,703 shares of company stock valued at $ 77,172,426. Company insiders own 0.40% of the company stock.
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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