Prudent Man Advisors LLC Has $762,000 Stock Position in ConocoPhillips (NYSE:COP)

Prudent Man Advisors LLC decreased its position in ConocoPhillips (NYSE:COPGet Rating) by 20.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,616 shares of the energy producer’s stock after selling 1,948 shares during the quarter. Prudent Man Advisors LLC’s holdings in ConocoPhillips were worth $762,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COP. BlackRock Inc. increased its stake in ConocoPhillips by 3.4% in the fourth quarter. BlackRock Inc. now owns 111,073,845 shares of the energy producer’s stock valued at $8,017,310,000 after acquiring an additional 3,652,817 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in shares of ConocoPhillips by 23.1% during the 4th quarter. Nuveen Asset Management LLC now owns 10,653,790 shares of the energy producer’s stock worth $768,990,000 after buying an additional 2,001,581 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of ConocoPhillips by 2,896.8% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,331,669 shares of the energy producer’s stock worth $96,120,000 after buying an additional 1,287,232 shares in the last quarter. Ruffer LLP boosted its stake in ConocoPhillips by 970.3% in the fourth quarter. Ruffer LLP now owns 1,171,452 shares of the energy producer’s stock valued at $86,699,000 after buying an additional 1,062,002 shares in the last quarter. Finally, Artemis Investment Management LLP grew its position in ConocoPhillips by 137.5% in the first quarter. Artemis Investment Management LLP now owns 1,746,014 shares of the energy producer’s stock valued at $174,267,000 after acquiring an additional 1,010,878 shares during the last quarter. 78.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on COP shares. The Goldman Sachs Group lowered their price objective on shares of ConocoPhillips from $140.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, June 22nd. MKM Partners reissued a “buy” rating and issued a $110.00 price target on shares of ConocoPhillips in a research note on Wednesday, July 20th. KeyCorp lifted their target price on shares of ConocoPhillips from $112.00 to $118.00 and gave the stock an “overweight” rating in a research note on Friday, April 8th. Bank of America upgraded ConocoPhillips from a “neutral” rating to a “buy” rating and cut their price target for the stock from $135.00 to $134.00 in a report on Tuesday, July 19th. Finally, Barclays boosted their target price on ConocoPhillips from $132.00 to $142.00 and gave the company an “overweight” rating in a research report on Tuesday, June 14th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, ConocoPhillips presently has a consensus rating of “Moderate Buy” and an average price target of $120.37.

ConocoPhillips Stock Up 3.3 %

COP stock opened at $92.85 on Friday. The stock has a 50-day simple moving average of $96.96 and a two-hundred day simple moving average of $97.29. The company has a quick ratio of 1.41, a current ratio of 1.54 and a debt-to-equity ratio of 0.32. ConocoPhillips has a twelve month low of $51.41 and a twelve month high of $124.08. The firm has a market capitalization of $120.10 billion, a PE ratio of 7.67, a PEG ratio of 0.30 and a beta of 1.38.

ConocoPhillips (NYSE:COPGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The energy producer reported $3.91 EPS for the quarter, missing analysts’ consensus estimates of $3.95 by ($0.04). ConocoPhillips had a return on equity of 31.24% and a net margin of 23.10%. During the same quarter in the prior year, the business posted $1.27 earnings per share. On average, equities analysts predict that ConocoPhillips will post 14.64 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Tuesday, August 16th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend is Monday, August 15th. ConocoPhillips’s dividend payout ratio is currently 15.19%.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, Director Timothy A. Leach sold 40,603 shares of the business’s stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $102.33, for a total value of $4,154,904.99. Following the completion of the sale, the director now directly owns 666,002 shares of the company’s stock, valued at $68,151,984.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other ConocoPhillips news, Director Timothy A. Leach sold 40,603 shares of the business’s stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of $102.33, for a total value of $4,154,904.99. Following the completion of the sale, the director now owns 666,002 shares in the company, valued at $68,151,984.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Michael Lance sold 584,900 shares of ConocoPhillips stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $121.21, for a total transaction of $70,895,729.00. Following the completion of the transaction, the chief executive officer now directly owns 44,522 shares in the company, valued at $5,396,511.62. The disclosure for this sale can be found here. Insiders have sold 644,703 shares of company stock worth $77,172,426 over the last ninety days. Insiders own 0.08% of the company’s stock.

ConocoPhillips Profile

(Get Rating)

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. It primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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