14,937 ConocoPhillips $COP Shares Purchased by Lawood & Co.

Lawood & Co. raised its holdings in shares of ConocoPhillips (NYSE:COP) by 246.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,007 shares of the energy producer’s stock after purchasing an additional 14,937 shares during the period. ConocoPhillips accounts for approximately 1.6% of Lawood & Co.’s holdings, making the stock its 20th biggest holding. Lawood & Co.’s holdings in ConocoPhillips were worth $2,629,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of COP. Frazier Financial Advisors LLC lifted its holdings in ConocoPhillips by 151.0% in the first quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer’s stock valued at $32,000 after buying an additional 145 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in ConocoPhillips during the 4th quarter worth $25,000. Ballast Advisors LLC acquired a new stake in ConocoPhillips during the 1st quarter worth $36,000. Evergreen Advisors LLC bought a new stake in shares of ConocoPhillips during the 1st quarter valued at $36,000. Finally, Allied Private Wealth LLC bought a new stake in shares of ConocoPhillips during the 2nd quarter valued at $32,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on COP. Freedom Capital upgraded ConocoPhillips from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Wells Fargo & Company increased their target price on ConocoPhillips from $183.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Wall Street Zen upgraded ConocoPhillips from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Susquehanna upped their price target on ConocoPhillips from $155.00 to $161.00 and gave the company a “positive” rating in a research note on Tuesday, August 11th. Finally, Barclays reduced their price objective on shares of ConocoPhillips from $155.00 to $150.00 and set an “overweight” rating on the stock in a research note on Monday, August 17th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, ConocoPhillips presently has an average rating of “Moderate Buy” and an average price target of $143.29.

ConocoPhillips Trading Up 0.2%

Shares of ConocoPhillips stock traded up $0.31 during trading hours on Friday, hitting $134.50. The company’s stock had a trading volume of 1,713,600 shares, compared to its average volume of 8,101,435. The company has a market capitalization of $161.58 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 1.35 and a beta of 0.24. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 1.39. The stock has a 50 day moving average of $129.39 and a 200 day moving average of $121.96. ConocoPhillips has a 12 month low of $85.57 and a 12 month high of $141.62.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, August 6th. The energy producer reported $3.24 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.34. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%.The business had revenue of $19.52 billion for the quarter, compared to analysts’ expectations of $18.79 billion. During the same quarter in the previous year, the business posted $1.42 EPS. ConocoPhillips’s revenue for the quarter was up 32.4% on a year-over-year basis. Analysts predict that ConocoPhillips will post 10.68 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were paid a $0.84 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $3.36 dividend on an annualized basis and a yield of 2.5%. ConocoPhillips’s payout ratio is presently 44.44%.

Insiders Place Their Bets

In other news, SVP Andrew Lundquist sold 9,487 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $135.15, for a total value of $1,282,168.05. Following the completion of the transaction, the senior vice president owned 9,593 shares in the company, valued at $1,296,493.95. This represents a 49.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.09% of the company’s stock.

About ConocoPhillips

ConocoPhillips (NYSE:COP) is an independent exploration and production company engaged in finding, developing and producing crude oil, natural gas, natural gas liquids and liquefied natural gas. Unlike integrated energy companies, ConocoPhillips focuses primarily on upstream activities rather than refining and retail fuel operations.

The company has a diversified portfolio of assets in major producing regions, including the United States, Canada, Australia, Norway and Qatar. Its U.S. operations include oil and gas developments in Alaska and the Lower 48 states, while its international portfolio includes conventional and offshore projects.