ConocoPhillips (NYSE:COP) Shares Purchased by Hourglass Capital LLC

Hourglass Capital LLC grew its holdings in shares of ConocoPhillips (NYSE:COP) by 25.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,510 shares of the energy producer’s stock after purchasing an additional 510 shares during the quarter. Hourglass Capital LLC’s holdings in ConocoPhillips were worth $249,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. AMF Tjanstepension AB lifted its stake in ConocoPhillips by 4.7% in the 3rd quarter. AMF Tjanstepension AB now owns 1,163,724 shares of the energy producer’s stock worth $122,628,000 after purchasing an additional 52,334 shares in the last quarter. Creative Planning increased its holdings in shares of ConocoPhillips by 1.7% in the third quarter. Creative Planning now owns 248,439 shares of the energy producer’s stock valued at $26,156,000 after purchasing an additional 4,214 shares during the last quarter. Vontobel Holding Ltd. lifted its position in ConocoPhillips by 73.4% during the third quarter. Vontobel Holding Ltd. now owns 14,982 shares of the energy producer’s stock worth $1,577,000 after buying an additional 6,344 shares in the last quarter. Stratos Investment Management LLC boosted its stake in ConocoPhillips by 4.8% during the third quarter. Stratos Investment Management LLC now owns 23,222 shares of the energy producer’s stock worth $2,445,000 after buying an additional 1,072 shares during the last quarter. Finally, Net Worth Advisory Group purchased a new stake in ConocoPhillips in the 3rd quarter valued at $791,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, Director Arjun N. Murti bought 2,500 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were purchased at an average price of $95.87 per share, with a total value of $239,675.00. Following the completion of the acquisition, the director now directly owns 21,500 shares of the company’s stock, valued at $2,061,205. This represents a 13.16 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director R A. Walker purchased 10,400 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was acquired at an average price of $97.80 per share, for a total transaction of $1,017,120.00. Following the completion of the purchase, the director now owns 38,000 shares of the company’s stock, valued at $3,716,400. This represents a 37.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.34% of the stock is owned by corporate insiders.

Analyst Ratings Changes

COP has been the topic of several analyst reports. Evercore ISI reiterated an “outperform” rating and set a $165.00 price target on shares of ConocoPhillips in a report on Friday, December 6th. Susquehanna lifted their target price on shares of ConocoPhillips from $144.00 to $148.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Morgan Stanley started coverage on shares of ConocoPhillips in a report on Monday, December 16th. They issued an “overweight” rating and a $128.00 target price on the stock. Raymond James downgraded shares of ConocoPhillips from a “strong-buy” rating to an “outperform” rating and cut their price target for the stock from $157.00 to $124.00 in a report on Monday, February 10th. Finally, UBS Group decreased their price objective on ConocoPhillips from $140.00 to $137.00 and set a “buy” rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $133.56.

ConocoPhillips Trading Down 0.5 %

NYSE COP opened at $96.39 on Friday. ConocoPhillips has a one year low of $94.23 and a one year high of $135.18. The firm has a 50 day simple moving average of $100.44 and a 200-day simple moving average of $105.76. The firm has a market cap of $110.93 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 0.77 and a beta of 1.18. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.16 and a current ratio of 1.29.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, topping the consensus estimate of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. Equities research analysts anticipate that ConocoPhillips will post 8.3 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $3.12 annualized dividend and a yield of 3.24%. ConocoPhillips’s dividend payout ratio (DPR) is 40.05%.

ConocoPhillips Company 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.