Chevy Chase Trust Holdings LLC lessened its position in shares of ConocoPhillips (NYSE:COP – Get Rating) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 790,419 shares of the energy producer’s stock after selling 3,265 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.06% of ConocoPhillips worth $80,892,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. FMR LLC grew its position in ConocoPhillips by 64.8% during the 2nd quarter. FMR LLC now owns 21,177,310 shares of the energy producer’s stock worth $1,901,935,000 after purchasing an additional 8,323,587 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in ConocoPhillips by 12.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 22,866,527 shares of the energy producer’s stock worth $2,053,643,000 after purchasing an additional 2,472,255 shares during the last quarter. Cowa LLC grew its position in ConocoPhillips by 6,475.2% during the 1st quarter. Cowa LLC now owns 2,375,224 shares of the energy producer’s stock worth $2,383,000 after purchasing an additional 2,339,100 shares during the last quarter. PointState Capital LP purchased a new stake in ConocoPhillips during the 2nd quarter worth approximately $110,010,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of ConocoPhillips in the 1st quarter valued at $119,783,000. Institutional investors own 81.76% of the company’s stock.
Insider Activity at ConocoPhillips
In other ConocoPhillips news, EVP Nicholas G. Olds sold 10,950 shares of the business’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $134.90, for a total transaction of $1,477,155.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Nicholas G. Olds sold 10,950 shares of ConocoPhillips stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $134.90, for a total transaction of $1,477,155.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy A. Leach sold 4,860 shares of ConocoPhillips stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $112.58, for a total value of $547,138.80. Following the transaction, the director now directly owns 661,142 shares of the company’s stock, valued at approximately $74,431,366.36. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
ConocoPhillips Stock Performance
Shares of COP opened at $117.77 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 1.37 and a debt-to-equity ratio of 0.33. The firm has a market cap of $146.75 billion, a PE ratio of 8.56, a price-to-earnings-growth ratio of 0.53 and a beta of 1.29. The company’s 50 day simple moving average is $118.90 and its 200-day simple moving average is $112.53. ConocoPhillips has a 12-month low of $78.30 and a 12-month high of $138.49.
ConocoPhillips (NYSE:COP – Get Rating) last posted its quarterly earnings data on Thursday, November 3rd. The energy producer reported $3.60 earnings per share for the quarter, beating analysts’ consensus estimates of $3.41 by $0.19. ConocoPhillips had a net margin of 22.90% and a return on equity of 35.02%. The firm had revenue of $21.61 billion for the quarter, compared to analyst estimates of $17.05 billion. As a group, equities analysts predict that ConocoPhillips will post 13.56 EPS for the current year.
ConocoPhillips Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Tuesday, December 27th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.73%. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, December 23rd. ConocoPhillips’s dividend payout ratio (DPR) is 14.70%.
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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