ConocoPhillips (NYSE:COP) Shares Acquired by Stableford Capital II LLC

Stableford Capital II LLC boosted its holdings in ConocoPhillips (NYSE:COP) by 17.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,495 shares of the energy producer’s stock after acquiring an additional 1,444 shares during the period. Stableford Capital II LLC’s holdings in ConocoPhillips were worth $1,049,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Confluence Investment Management LLC bought a new stake in shares of ConocoPhillips in the 1st quarter worth approximately $652,000. CWM LLC increased its position in ConocoPhillips by 18.4% in the first quarter. CWM LLC now owns 68,023 shares of the energy producer’s stock worth $8,658,000 after buying an additional 10,561 shares during the period. Rise Advisors LLC boosted its holdings in shares of ConocoPhillips by 1,365.9% during the first quarter. Rise Advisors LLC now owns 645 shares of the energy producer’s stock valued at $82,000 after acquiring an additional 601 shares during the period. Farmers Trust Co. grew its position in shares of ConocoPhillips by 6.7% during the first quarter. Farmers Trust Co. now owns 6,104 shares of the energy producer’s stock worth $777,000 after acquiring an additional 383 shares during the last quarter. Finally, Foster Group Inc. increased its holdings in shares of ConocoPhillips by 0.9% in the 1st quarter. Foster Group Inc. now owns 20,630 shares of the energy producer’s stock worth $2,626,000 after acquiring an additional 175 shares during the period. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Trading Up 0.3 %

Shares of NYSE:COP opened at $105.54 on Wednesday. ConocoPhillips has a 12-month low of $101.29 and a 12-month high of $135.18. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $123.43 billion, a P/E ratio of 11.92, a price-to-earnings-growth ratio of 0.88 and a beta of 1.21. The firm has a fifty day moving average of $109.14 and a two-hundred day moving average of $115.19.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, August 1st. The energy producer reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.02. ConocoPhillips had a return on equity of 20.81% and a net margin of 18.18%. The firm had revenue of $14.14 billion during the quarter, compared to analysts’ expectations of $14.96 billion. During the same quarter last year, the firm earned $1.84 earnings per share. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, equities analysts expect that ConocoPhillips will post 8.02 EPS for the current fiscal year.

ConocoPhillips Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 12th were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 2.20%. The ex-dividend date was Monday, August 12th. ConocoPhillips’s payout ratio is presently 26.27%.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, Director Timothy A. Leach sold 55,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $108.11, for a total value of $6,000,105.00. Following the completion of the sale, the director now directly owns 455,909 shares of the company’s stock, valued at $49,288,321.99. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

COP has been the subject of several recent analyst reports. Barclays decreased their target price on shares of ConocoPhillips from $156.00 to $135.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Wolfe Research initiated coverage on ConocoPhillips in a research report on Thursday, July 18th. They issued an “outperform” rating and a $145.00 target price on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $126.00 target price (down previously from $139.00) on shares of ConocoPhillips in a research note on Friday, October 11th. Sanford C. Bernstein decreased their price target on ConocoPhillips from $147.00 to $132.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Finally, StockNews.com cut shares of ConocoPhillips from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $137.12.

ConocoPhillips 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.