ConocoPhillips $COP Stake Decreased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH trimmed its position in ConocoPhillips (NYSE:COP) by 16.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 544,919 shares of the energy producer’s stock after selling 109,603 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in ConocoPhillips were worth $48,901,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in COP. Bogart Wealth LLC grew its holdings in shares of ConocoPhillips by 136.8% in the 2nd quarter. Bogart Wealth LLC now owns 315 shares of the energy producer’s stock worth $28,000 after acquiring an additional 182 shares during the last quarter. Activest Wealth Management lifted its stake in ConocoPhillips by 249.5% in the 2nd quarter. Activest Wealth Management now owns 325 shares of the energy producer’s stock worth $29,000 after acquiring an additional 232 shares in the last quarter. Financial Network Wealth Advisors LLC lifted its position in shares of ConocoPhillips by 341.5% in the first quarter. Financial Network Wealth Advisors LLC now owns 287 shares of the energy producer’s stock worth $30,000 after purchasing an additional 222 shares in the last quarter. Stone House Investment Management LLC acquired a new stake in shares of ConocoPhillips during the 1st quarter valued at $31,000. Finally, IMA Advisory Services Inc. acquired a new stake in ConocoPhillips during the first quarter valued at $37,000. 82.36% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director William H. Mcraven purchased 5,768 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were acquired at an average cost of $86.68 per share, for a total transaction of $499,970.24. Following the transaction, the director directly owned 5,768 shares of the company’s stock, valued at approximately $499,970.24. The trade was a ? increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on COP. Royal Bank Of Canada boosted their price objective on shares of ConocoPhillips from $113.00 to $118.00 and gave the stock an “outperform” rating in a research note on Monday, October 13th. Evercore ISI dropped their price objective on ConocoPhillips from $115.00 to $111.00 and set an “outperform” rating on the stock in a research note on Monday, October 6th. Piper Sandler cut their price objective on ConocoPhillips from $124.00 to $115.00 and set an “overweight” rating for the company in a research report on Monday, October 13th. Wolfe Research reaffirmed an “outperform” rating and issued a $131.00 target price on shares of ConocoPhillips in a report on Thursday, November 6th. Finally, Melius began coverage on ConocoPhillips in a research report on Wednesday, August 20th. They issued a “hold” rating and a $117.00 price target on the stock. Eighteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $115.33.

ConocoPhillips Price Performance

Shares of COP stock traded down $1.96 during trading hours on Monday, hitting $89.41. 1,935,093 shares of the company’s stock were exchanged, compared to its average volume of 7,662,812. The stock’s 50-day moving average is $90.93 and its 200-day moving average is $91.95. The stock has a market cap of $110.49 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 2.36 and a beta of 0.58. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.27 and a quick ratio of 1.10. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $115.38.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, November 6th. The energy producer reported $1.61 EPS for the quarter, beating the consensus estimate of $1.41 by $0.20. The company had revenue of $15.03 billion during the quarter, compared to analysts’ expectations of $14.51 billion. ConocoPhillips had a return on equity of 14.60% and a net margin of 15.26%.The business’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period last year, the firm earned $1.78 EPS. As a group, research analysts forecast that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Increases Dividend

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

About ConocoPhillips

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.