ConocoPhillips (COP) To Go Ex-Dividend on February 18th

ConocoPhillips (NYSE:COP) announced a quarterly dividend on Thursday, February 5th. Stockholders of record on Wednesday, February 18th will be given a dividend of 0.84 per share by the energy producer on Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Wednesday, February 18th.

ConocoPhillips has increased its dividend by an average of 0.1%annually over the last three years. ConocoPhillips has a dividend payout ratio of 47.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect ConocoPhillips to earn $8.84 per share next year, which means the company should continue to be able to cover its $3.36 annual dividend with an expected future payout ratio of 38.0%.

ConocoPhillips Trading Up 0.6%

Shares of ConocoPhillips stock opened at $111.51 on Monday. The firm’s 50 day moving average is $98.34 and its 200 day moving average is $94.19. The firm has a market capitalization of $137.79 billion, a PE ratio of 17.59 and a beta of 0.32. ConocoPhillips has a 1 year low of $79.88 and a 1 year high of $112.07. The company has a current ratio of 1.30, a quick ratio of 1.14 and a debt-to-equity ratio of 0.35.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, February 5th. The energy producer reported $1.02 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.21). The company had revenue of $13.86 billion during the quarter, compared to the consensus estimate of $14.35 billion. ConocoPhillips had a net margin of 12.98% and a return on equity of 11.90%. ConocoPhillips’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.98 EPS. Equities research analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In other ConocoPhillips news, CEO Ryan Michael Lance sold 500,708 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $92.50, for a total transaction of $46,315,490.00. Following the completion of the transaction, the chief executive officer owned 325,972 shares in the company, valued at approximately $30,152,410. This trade represents a 60.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.24% of the stock is owned by insiders.

Institutional Investors Weigh In On ConocoPhillips

Several large investors have recently modified their holdings of the company. Tema Etfs LLC bought a new stake in ConocoPhillips in the 3rd quarter worth $1,804,000. D.A. Davidson & CO. boosted its holdings in shares of ConocoPhillips by 12.1% during the third quarter. D.A. Davidson & CO. now owns 140,829 shares of the energy producer’s stock worth $13,321,000 after purchasing an additional 15,202 shares during the period. Chilton Capital Management LLC grew its stake in shares of ConocoPhillips by 3.2% in the third quarter. Chilton Capital Management LLC now owns 389,995 shares of the energy producer’s stock worth $36,890,000 after purchasing an additional 11,958 shares during the last quarter. AE Wealth Management LLC grew its stake in shares of ConocoPhillips by 107.5% in the third quarter. AE Wealth Management LLC now owns 103,430 shares of the energy producer’s stock worth $9,783,000 after purchasing an additional 53,587 shares during the last quarter. Finally, StoneX Group Inc. increased its holdings in ConocoPhillips by 510.5% during the 2nd quarter. StoneX Group Inc. now owns 29,285 shares of the energy producer’s stock valued at $2,628,000 after purchasing an additional 24,488 shares during the period. 82.36% of the stock is currently owned by institutional investors and hedge funds.

About ConocoPhillips

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.