ConocoPhillips $COP Stock Holdings Lifted by Boston Partners

Boston Partners grew its stake in shares of ConocoPhillips (NYSE:COP) by 3.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,411,539 shares of the energy producer’s stock after purchasing an additional 232,117 shares during the quarter. Boston Partners owned approximately 0.51% of ConocoPhillips worth $576,332,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in COP. Navalign LLC increased its holdings in shares of ConocoPhillips by 1.1% in the 2nd quarter. Navalign LLC now owns 9,918 shares of the energy producer’s stock worth $890,000 after acquiring an additional 108 shares during the period. Tritonpoint Wealth LLC increased its stake in shares of ConocoPhillips by 1.3% in the second quarter. Tritonpoint Wealth LLC now owns 8,329 shares of the energy producer’s stock valued at $747,000 after purchasing an additional 110 shares during the period. Iowa State Bank raised its holdings in shares of ConocoPhillips by 0.5% during the second quarter. Iowa State Bank now owns 22,193 shares of the energy producer’s stock valued at $1,992,000 after buying an additional 110 shares during the last quarter. First National Bank Sioux Falls boosted its position in shares of ConocoPhillips by 4.6% during the second quarter. First National Bank Sioux Falls now owns 2,572 shares of the energy producer’s stock worth $231,000 after buying an additional 113 shares during the period. Finally, KLCM Advisors Inc. grew its holdings in ConocoPhillips by 2.6% in the 1st quarter. KLCM Advisors Inc. now owns 4,503 shares of the energy producer’s stock worth $473,000 after buying an additional 115 shares in the last quarter. Institutional investors own 82.36% of the company’s stock.

Insider Transactions at ConocoPhillips

In other ConocoPhillips news, Director William H. Mcraven purchased 5,768 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was purchased at an average price of $86.68 per share, with a total value of $499,970.24. Following the completion of the transaction, the director directly owned 5,768 shares of the company’s stock, valued at approximately $499,970.24. This trade represents a ? increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.24% of the stock is owned by company insiders.

ConocoPhillips Price Performance

Shares of NYSE:COP opened at $88.28 on Tuesday. The firm has a market capitalization of $110.26 billion, a PE ratio of 11.85, a PEG ratio of 2.36 and a beta of 0.58. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $115.38. The business’s 50 day moving average is $91.36 and its 200-day moving average is $91.99.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, November 6th. The energy producer reported $1.61 EPS for the quarter, topping the consensus estimate of $1.41 by $0.20. The firm 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%.ConocoPhillips’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period last year, the business earned $1.78 earnings per share. Sell-side analysts predict that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on COP shares. Susquehanna cut their target price on ConocoPhillips to $113.00 and set a “positive” rating on the stock in a research note on Monday, October 20th. UBS Group cut their price objective on shares of ConocoPhillips from $115.00 to $98.00 in a research note on Tuesday, October 28th. Weiss Ratings upgraded shares of ConocoPhillips from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. Barclays dropped their price target on shares of ConocoPhillips from $122.00 to $118.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 7th. Finally, Royal Bank Of Canada increased their price objective on shares of ConocoPhillips from $113.00 to $118.00 and gave the company an “outperform” rating in a report on Monday, October 13th. Eighteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.54.

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.