PKO Investment Management Joint Stock Co Raises Holdings in ConocoPhillips $COP

PKO Investment Management Joint Stock Co lifted its position in shares of ConocoPhillips (NYSE:COP) by 28.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 44,219 shares of the energy producer’s stock after acquiring an additional 9,800 shares during the quarter. PKO Investment Management Joint Stock Co’s holdings in ConocoPhillips were worth $5,837,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of ConocoPhillips in the fourth quarter valued at approximately $25,000. Strive Asset Management LLC purchased a new stake in shares of ConocoPhillips during the 3rd quarter valued at approximately $28,000. Board of the Pension Protection Fund bought a new position in ConocoPhillips in the 4th quarter worth approximately $28,000. KERR FINANCIAL PLANNING Corp bought a new position in ConocoPhillips in the 3rd quarter worth approximately $28,000. Finally, Sfam LLC purchased a new position in ConocoPhillips in the 4th quarter valued at approximately $34,000. Institutional investors own 82.36% of the company’s stock.

Insider Transactions at ConocoPhillips

In related news, CEO Ryan Michael Lance sold 113,221 shares of the stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $132.71, for a total value of $15,025,558.91. Following the transaction, the chief executive officer owned 350,000 shares of the company’s stock, valued at $46,448,500. This represents a 24.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.09% of the company’s stock.

ConocoPhillips Price Performance

NYSE:COP opened at $109.60 on Tuesday. The firm has a market capitalization of $133.52 billion, a price-to-earnings ratio of 18.61, a P/E/G ratio of 1.19 and a beta of 0.11. ConocoPhillips has a 52-week low of $85.57 and a 52-week high of $135.87. The stock has a fifty day moving average of $118.37 and a 200 day moving average of $111.54. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.14 and a current ratio of 1.29.

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

ConocoPhillips Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 11th were given a $0.84 dividend. The ex-dividend date was Monday, May 11th. This represents a $3.36 annualized dividend and a yield of 3.1%. ConocoPhillips’s payout ratio is 57.05%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Sanford C. Bernstein increased their target price on ConocoPhillips from $98.00 to $121.00 and gave the stock an “outperform” rating in a research report on Monday, April 13th. Zacks Research lowered ConocoPhillips from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Barclays increased their price objective on ConocoPhillips from $136.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Capital One Financial reduced their target price on ConocoPhillips from $156.00 to $154.00 and set an “equal weight” rating for the company in a report on Monday, May 18th. Finally, Wolfe Research upped their price target on ConocoPhillips from $138.00 to $144.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Eighteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, ConocoPhillips has an average rating of “Moderate Buy” and an average target price of $134.32.

ConocoPhillips Company 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.