Rosenberg Matthew Hamilton Has $1.13 Million Position in ConocoPhillips (NYSE:COP)

Rosenberg Matthew Hamilton increased its stake in shares of ConocoPhillips (NYSE:COP) by 2.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,736 shares of the energy producer’s stock after buying an additional 290 shares during the period. Rosenberg Matthew Hamilton’s holdings in ConocoPhillips were worth $1,130,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. HM Payson & Co. boosted its holdings in ConocoPhillips by 5.6% in the 3rd quarter. HM Payson & Co. now owns 23,534 shares of the energy producer’s stock valued at $2,478,000 after purchasing an additional 1,247 shares during the period. Catalyst Financial Partners LLC lifted its position in shares of ConocoPhillips by 5.9% during the 3rd quarter. Catalyst Financial Partners LLC now owns 4,721 shares of the energy producer’s stock valued at $497,000 after acquiring an additional 261 shares during the period. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of ConocoPhillips during the 3rd quarter worth $58,000. Diversify Wealth Management LLC increased its position in shares of ConocoPhillips by 7.3% in the third quarter. Diversify Wealth Management LLC now owns 3,106 shares of the energy producer’s stock worth $325,000 after purchasing an additional 212 shares during the period. Finally, Pinnacle Associates Ltd. raised its stake in ConocoPhillips by 1.2% in the third quarter. Pinnacle Associates Ltd. now owns 93,574 shares of the energy producer’s stock valued at $10,861,000 after purchasing an additional 1,108 shares in the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Price Performance

COP traded up $4.97 during midday trading on Thursday, hitting $107.95. The stock had a trading volume of 2,792,343 shares, compared to its average volume of 5,857,455. ConocoPhillips has a 1 year low of $101.29 and a 1 year high of $135.18. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.19 and a current ratio of 1.33. The business has a fifty day moving average of $108.02 and a 200 day moving average of $113.20. The company has a market cap of $125.36 billion, a P/E ratio of 11.49, a price-to-earnings-growth ratio of 0.85 and a beta of 1.21.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, August 1st. The energy producer reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.02. ConocoPhillips had a net margin of 18.18% and a return on equity of 20.81%. The business had revenue of $14.14 billion during the quarter, compared to analyst estimates of $14.96 billion. During the same period in the prior year, the business posted $1.84 earnings per share. The company’s revenue was up 9.7% on a year-over-year basis. As a group, equities analysts forecast that ConocoPhillips will post 7.85 earnings per share for the current fiscal year.

ConocoPhillips Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 11th will be issued a dividend of $0.78 per share. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.58. This represents a $3.12 dividend on an annualized basis and a yield of 2.89%. ConocoPhillips’s dividend payout ratio is currently 25.86%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Susquehanna lowered their price target on ConocoPhillips from $147.00 to $144.00 and set a “positive” rating for the company in a report on Friday, October 18th. Mizuho dropped their target price on shares of ConocoPhillips from $132.00 to $129.00 and set a “neutral” rating for the company in a report on Monday, September 16th. Barclays decreased their price target on shares of ConocoPhillips from $156.00 to $135.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a $140.00 price objective on shares of ConocoPhillips in a research note on Friday, September 13th. Finally, Scotiabank lowered their price target on shares of ConocoPhillips from $120.00 to $115.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, ConocoPhillips presently has an average rating of “Moderate Buy” and a consensus target price of $136.94.

Insider Buying and Selling at ConocoPhillips

In related news, Director Timothy A. Leach sold 55,500 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $108.11, for a total transaction of $6,000,105.00. Following the transaction, the director now owns 455,909 shares in the company, valued at $49,288,321.99. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.34% of the stock is currently owned by corporate insiders.

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.