Capital Analysts LLC Purchases 7,825 Shares of ConocoPhillips $COP

Capital Analysts LLC lifted its position in shares of ConocoPhillips (NYSE:COP) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 163,155 shares of the energy producer’s stock after purchasing an additional 7,825 shares during the quarter. Capital Analysts LLC’s holdings in ConocoPhillips were worth $15,273,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Paragon Private Wealth Management LLC boosted its position in shares of ConocoPhillips by 5.8% during the fourth quarter. Paragon Private Wealth Management LLC now owns 4,961 shares of the energy producer’s stock worth $464,000 after purchasing an additional 273 shares in the last quarter. Letko Brosseau & Associates Inc. lifted its position in ConocoPhillips by 1.3% in the 4th quarter. Letko Brosseau & Associates Inc. now owns 430,664 shares of the energy producer’s stock valued at $40,314,000 after acquiring an additional 5,470 shares in the last quarter. Portfolio Design Labs LLC lifted its position in ConocoPhillips by 2.6% in the 4th quarter. Portfolio Design Labs LLC now owns 17,044 shares of the energy producer’s stock valued at $1,595,000 after acquiring an additional 432 shares in the last quarter. Alteri Wealth LLC lifted its position in ConocoPhillips by 9.8% in the 4th quarter. Alteri Wealth LLC now owns 5,134 shares of the energy producer’s stock valued at $481,000 after acquiring an additional 458 shares in the last quarter. Finally, Pettyjohn Wood & White Inc. lifted its position in ConocoPhillips by 28.4% in the 4th quarter. Pettyjohn Wood & White Inc. now owns 2,842 shares of the energy producer’s stock valued at $266,000 after acquiring an additional 628 shares in the last quarter. 82.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

COP has been the topic of several research reports. Mizuho boosted their price objective on shares of ConocoPhillips from $136.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Royal Bank Of Canada boosted their price objective on shares of ConocoPhillips from $118.00 to $152.00 and gave the company an “outperform” rating in a research report on Wednesday, April 8th. Freedom Capital cut shares of ConocoPhillips from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Roth Mkm cut shares of ConocoPhillips from a “buy” rating to a “neutral” rating and set a $112.00 price objective on the stock. in a research report on Tuesday, February 17th. Finally, Citigroup boosted their price objective on shares of ConocoPhillips from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. Seventeen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.48.

Insider Transactions at ConocoPhillips

In other ConocoPhillips news, SVP Andrew D. Lundquist sold 34,500 shares of ConocoPhillips stock in a transaction on Friday, March 13th. The shares were sold at an average price of $119.68, for a total value of $4,128,960.00. Following the sale, the senior vice president directly owned 17,469 shares in the company, valued at approximately $2,090,689.92. The trade was a 66.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Heather G. Hrap sold 2,654 shares of ConocoPhillips stock in a transaction on Friday, March 13th. The shares were sold at an average price of $119.68, for a total transaction of $317,630.72. Following the completion of the sale, the senior vice president owned 5,663 shares in the company, valued at $677,747.84. The trade was a 31.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 686,391 shares of company stock worth $87,590,752. 0.09% of the stock is owned by insiders.

ConocoPhillips Stock Down 1.8%

Shares of COP stock opened at $116.76 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.34. ConocoPhillips has a 1 year low of $85.57 and a 1 year high of $135.87. The firm’s fifty day moving average price is $121.45 and its two-hundred day moving average price is $109.99. The firm has a market capitalization of $142.24 billion, a P/E ratio of 19.82, a PEG ratio of 1.32 and a beta of 0.11.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.17. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The firm had revenue of $15.76 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same period in the previous year, the business earned $2.09 EPS. The company’s revenue was down 6.1% compared to the same quarter last year. On average, equities analysts predict that ConocoPhillips will post 10.03 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 11th were paid a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, May 11th. ConocoPhillips’s payout ratio is presently 57.05%.

ConocoPhillips Profile

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.