ConocoPhillips (COP) To Go Ex-Dividend on May 11th

ConocoPhillips (NYSE:COP) announced a quarterly dividend on Thursday, April 30th. Investors of record on Monday, May 11th will be paid a dividend of 0.84 per share by the energy producer on Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Monday, May 11th.

ConocoPhillips has increased its dividend payment by an average of 0.1%per year over the last three years. ConocoPhillips has a dividend payout ratio of 47.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect ConocoPhillips to earn $8.13 per share next year, which means the company should continue to be able to cover its $3.36 annual dividend with an expected future payout ratio of 41.3%.

ConocoPhillips Price Performance

Shares of NYSE COP opened at $113.76 on Friday. The stock has a market cap of $138.59 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 1.61 and a beta of 0.14. ConocoPhillips has a 52 week low of $84.28 and a 52 week high of $135.87. The company’s 50-day moving average price is $122.69 and its 200 day moving average price is $105.12. 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 (NYSE:COP) last released its earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.17. The company had revenue of $15.76 billion for the quarter, compared to analyst estimates of $15.62 billion. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The firm’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.09 EPS. As a group, research analysts forecast that ConocoPhillips will post 9.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ConocoPhillips news, CEO Ryan Michael Lance sold 113,221 shares of the stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $132.71, for a total value of $15,025,558.91. Following the completion of the sale, the chief executive officer owned 350,000 shares of the company’s stock, valued at $46,448,500. This trade represents a 24.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kelly Brunetti Rose sold 7,700 shares of the stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $130.03, for a total transaction of $1,001,231.00. Following the completion of the sale, the senior vice president directly owned 25,284 shares of the company’s stock, valued at $3,287,678.52. This trade represents a 23.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 734,891 shares of company stock valued at $93,345,692 over the last three months. Company insiders own 0.09% of the company’s stock.

Institutional Trading of ConocoPhillips

Several large investors have recently bought and sold shares of COP. Tema Etfs LLC acquired a new position in shares of ConocoPhillips during the 3rd quarter worth approximately $1,804,000. Victory Capital Management Inc. increased its holdings in shares of ConocoPhillips by 14.7% during the 3rd quarter. Victory Capital Management Inc. now owns 2,331,176 shares of the energy producer’s stock worth $220,506,000 after acquiring an additional 298,245 shares during the last quarter. Natixis Advisors LLC increased its holdings in shares of ConocoPhillips by 8.7% during the 3rd quarter. Natixis Advisors LLC now owns 1,996,426 shares of the energy producer’s stock worth $188,842,000 after acquiring an additional 160,410 shares during the last quarter. Chilton Capital Management LLC increased its holdings in shares of ConocoPhillips by 3.2% during the 3rd quarter. Chilton Capital Management LLC now owns 389,995 shares of the energy producer’s stock worth $36,890,000 after acquiring an additional 11,958 shares during the last quarter. Finally, AE Wealth Management LLC increased its holdings in shares of ConocoPhillips by 107.5% during the 3rd quarter. AE Wealth Management LLC now owns 103,430 shares of the energy producer’s stock worth $9,783,000 after acquiring an additional 53,587 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

About ConocoPhillips

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.