Quilter Plc Buys 635 Shares of ConocoPhillips $COP

Quilter Plc lifted its stake in ConocoPhillips (NYSE:COP) by 2.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 22,764 shares of the energy producer’s stock after purchasing an additional 635 shares during the quarter. Quilter Plc’s holdings in ConocoPhillips were worth $2,043,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in COP. Bogart Wealth LLC lifted its holdings in ConocoPhillips by 136.8% during the second quarter. Bogart Wealth LLC now owns 315 shares of the energy producer’s stock valued at $28,000 after purchasing an additional 182 shares in the last quarter. Activest Wealth Management increased its stake in ConocoPhillips by 249.5% in the 2nd quarter. Activest Wealth Management now owns 325 shares of the energy producer’s stock worth $29,000 after buying an additional 232 shares in the last quarter. Financial Network Wealth Advisors LLC increased its stake in ConocoPhillips by 341.5% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 287 shares of the energy producer’s stock worth $30,000 after buying an additional 222 shares in the last quarter. Stone House Investment Management LLC bought a new stake in ConocoPhillips during the first quarter valued at about $31,000. Finally, IMA Advisory Services Inc. purchased a new position in shares of ConocoPhillips in the first quarter valued at about $37,000. 82.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on COP. UBS Group dropped their price target on ConocoPhillips from $122.00 to $117.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Jefferies Financial Group dropped their price objective on shares of ConocoPhillips from $129.00 to $120.00 and set a “buy” rating for the company in a report on Monday, October 13th. Mizuho reduced their target price on ConocoPhillips from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Monday, September 15th. Susquehanna dropped their price target on ConocoPhillips to $113.00 and set a “positive” rating for the company in a research note on Monday, October 20th. Finally, Capital One Financial raised their price target on ConocoPhillips from $111.00 to $112.00 in a report on Friday, October 3rd. Eighteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $115.33.

Insider Transactions at ConocoPhillips

In other ConocoPhillips news, Director William H. Mcraven acquired 5,768 shares of the business’s stock in a transaction on Monday, November 10th. The shares were bought at an average price of $86.68 per share, with a total value of $499,970.24. Following the transaction, the director directly owned 5,768 shares of the company’s stock, valued at $499,970.24. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.24% of the stock is currently owned by insiders.

ConocoPhillips Stock Performance

NYSE COP opened at $88.03 on Thursday. The business’s 50 day moving average price is $90.71 and its 200-day moving average price is $91.90. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $115.38. The company has a market cap of $108.78 billion, a P/E ratio of 11.82, a P/E/G ratio of 2.36 and a beta of 0.58. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.27.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, November 6th. The energy producer reported $1.61 EPS for the quarter, topping the consensus estimate of $1.41 by $0.20. ConocoPhillips had a net margin of 15.26% and a return on equity of 14.60%. The company had revenue of $15.03 billion during the quarter, compared to analyst estimates of $14.51 billion. During the same period in the previous year, the firm earned $1.78 earnings per share. ConocoPhillips’s quarterly revenue was up 14.1% compared to the same quarter last year. Sell-side analysts predict that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be paid a dividend of $0.84 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 3.8%. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.78. ConocoPhillips’s dividend payout ratio is 47.52%.

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.