15,779 Shares in ConocoPhillips $COP Acquired by Donoghue Forlines LLC

Donoghue Forlines LLC acquired a new stake in ConocoPhillips (NYSE:COP) in the 2nd quarter, Holdings Channel reports. The firm acquired 15,779 shares of the energy producer’s stock, valued at approximately $1,416,000.

Other institutional investors also recently bought and sold shares of the company. Your Advocates Ltd. LLP increased its position in shares of ConocoPhillips by 55.7% in the second quarter. Your Advocates Ltd. LLP now owns 17,435 shares of the energy producer’s stock valued at $1,565,000 after buying an additional 6,234 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in ConocoPhillips by 58.3% in the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 184,855 shares of the energy producer’s stock valued at $16,644,000 after acquiring an additional 68,070 shares during the last quarter. Sittner & Nelson LLC increased its holdings in ConocoPhillips by 27.2% during the 2nd quarter. Sittner & Nelson LLC now owns 3,692 shares of the energy producer’s stock valued at $331,000 after acquiring an additional 789 shares in the last quarter. Intrua Financial LLC raised its position in ConocoPhillips by 3.8% during the second quarter. Intrua Financial LLC now owns 16,703 shares of the energy producer’s stock worth $1,499,000 after acquiring an additional 612 shares during the last quarter. Finally, Cherokee Insurance Co purchased a new stake in shares of ConocoPhillips in the second quarter valued at about $4,146,000. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

ConocoPhillips Price Performance

Shares of ConocoPhillips stock opened at $89.38 on Friday. The business’s fifty day moving average price is $90.96 and its 200 day moving average price is $91.94. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $115.38. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $110.45 billion, a P/E ratio of 12.00, a PEG ratio of 2.36 and a beta of 0.58.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, November 6th. The energy producer reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.20. The company had revenue of $15.03 billion for the quarter, compared to the consensus estimate of $14.51 billion. ConocoPhillips had a return on equity of 14.60% and a net margin of 15.26%.The company’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period last year, the business posted $1.78 EPS. As a group, research analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 3.8%. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend is Monday, November 17th. ConocoPhillips’s dividend payout ratio is presently 47.52%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on COP. Wells Fargo & Company assumed coverage on shares of ConocoPhillips in a research note on Friday, October 17th. They set an “equal weight” rating and a $100.00 price objective for the company. Melius Research assumed coverage on ConocoPhillips in a research report on Wednesday, August 20th. They set a “hold” rating and a $117.00 price target for the company. Wall Street Zen raised ConocoPhillips from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Wolfe Research reaffirmed an “outperform” rating and set a $131.00 price objective on shares of ConocoPhillips in a research note on Thursday, November 6th. Finally, UBS Group cut their target price on shares of ConocoPhillips from $122.00 to $117.00 and set a “buy” rating for the company in a research note on Wednesday. Eighteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $115.33.

Insider Transactions at ConocoPhillips

In other ConocoPhillips news, Director William H. Mcraven acquired 5,768 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was bought at an average cost of $86.68 per share, for a total transaction of $499,970.24. Following the completion of the purchase, the director directly owned 5,768 shares in the company, valued at $499,970.24. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.24% of the stock is currently owned by corporate insiders.

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.