ConocoPhillips (NYSE:COP) Director Timothy Leach Sells 40,000 Shares

ConocoPhillips (NYSE:COP) Director Timothy Leach sold 40,000 shares of ConocoPhillips stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $118.79, for a total transaction of $4,751,600.00. Following the transaction, the director directly owned 411,211 shares of the company’s stock, valued at approximately $48,847,754.69. This represents a 8.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

ConocoPhillips Trading Up 0.0%

ConocoPhillips stock traded up $0.02 during midday trading on Monday, reaching $117.09. The stock had a trading volume of 13,587,784 shares, compared to its average volume of 9,332,001. The company has a quick ratio of 1.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.35. The firm has a market cap of $144.69 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 2.97 and a beta of 0.27. ConocoPhillips has a 52-week low of $79.88 and a 52-week high of $122.50. The company has a fifty day moving average of $104.22 and a 200 day moving average of $96.18.

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

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Wednesday, February 18th were given a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Wednesday, February 18th. ConocoPhillips’s dividend payout ratio is 53.00%.

Institutional Investors Weigh In On ConocoPhillips

Several hedge funds have recently modified their holdings of COP. Howard Hughes Medical Institute purchased a new stake in ConocoPhillips during the second quarter worth $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of ConocoPhillips in the 4th quarter valued at $25,000. Cloud Capital Management LLC bought a new position in shares of ConocoPhillips in the 3rd quarter worth $26,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of ConocoPhillips in the 3rd quarter worth $28,000. Finally, Board of the Pension Protection Fund purchased a new stake in shares of ConocoPhillips during the 4th quarter worth $28,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on COP shares. Wells Fargo & Company lifted their target price on ConocoPhillips from $132.00 to $133.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Roth Mkm downgraded shares of ConocoPhillips from a “buy” rating to a “neutral” rating and set a $112.00 price target on the stock. in a research note on Tuesday, February 17th. Zacks Research lowered shares of ConocoPhillips from a “hold” rating to a “strong sell” rating in a report on Friday, February 27th. Wolfe Research boosted their price objective on shares of ConocoPhillips from $122.00 to $123.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of ConocoPhillips in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.54.

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.