ConocoPhillips (NYSE:COP) Shares Acquired by Crestmont Private Wealth LLC

Crestmont Private Wealth LLC grew its stake in shares of ConocoPhillips (NYSE:COP) by 62.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,563 shares of the energy producer’s stock after purchasing an additional 2,134 shares during the period. ConocoPhillips comprises about 0.2% of Crestmont Private Wealth LLC’s holdings, making the stock its 29th biggest holding. Crestmont Private Wealth LLC’s holdings in ConocoPhillips were worth $552,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of COP. One Capital Management LLC raised its holdings in shares of ConocoPhillips by 20.6% during the second quarter. One Capital Management LLC now owns 2,526 shares of the energy producer’s stock valued at $289,000 after acquiring an additional 431 shares during the period. Renaissance Technologies LLC grew its position in ConocoPhillips by 42.1% during the 2nd quarter. Renaissance Technologies LLC now owns 892,608 shares of the energy producer’s stock worth $102,097,000 after purchasing an additional 264,600 shares in the last quarter. Luts & Greenleigh Group Inc. acquired a new stake in ConocoPhillips during the 2nd quarter valued at $208,000. Excalibur Management Corp lifted its holdings in shares of ConocoPhillips by 2.4% in the second quarter. Excalibur Management Corp now owns 4,037 shares of the energy producer’s stock valued at $462,000 after purchasing an additional 96 shares in the last quarter. Finally, Primecap Management Co. CA boosted its position in shares of ConocoPhillips by 5.7% in the second quarter. Primecap Management Co. CA now owns 2,902,005 shares of the energy producer’s stock worth $331,931,000 after buying an additional 155,650 shares during the period. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Trading Up 0.6 %

NYSE:COP opened at $104.83 on Wednesday. The company’s 50 day moving average is $104.21 and its 200-day moving average is $107.56. The company has a quick ratio of 1.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. ConocoPhillips has a 12 month low of $94.23 and a 12 month high of $135.18. The firm has a market cap of $120.65 billion, a price-to-earnings ratio of 12.46, a P/E/G ratio of 0.83 and a beta of 1.19.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, October 31st. The energy producer reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.10. The firm had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.97 billion. ConocoPhillips had a net margin of 17.29% and a return on equity of 19.53%. The business’s revenue was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.16 EPS. Equities analysts anticipate that ConocoPhillips will post 7.77 EPS for the current year.

ConocoPhillips Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 11th were issued a $0.78 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $3.12 dividend on an annualized basis and a yield of 2.98%. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.58. ConocoPhillips’s dividend payout ratio (DPR) is 37.10%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Mizuho raised ConocoPhillips from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $132.00 to $134.00 in a research note on Monday, December 16th. Susquehanna raised their price target on shares of ConocoPhillips from $144.00 to $148.00 and gave the stock a “positive” rating in a report on Friday, November 1st. UBS Group dropped their price objective on shares of ConocoPhillips from $153.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. JPMorgan Chase & Co. raised shares of ConocoPhillips from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $120.00 to $123.00 in a research note on Thursday, December 5th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $165.00 price target on shares of ConocoPhillips in a research note on Friday, December 6th. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, ConocoPhillips currently has an average rating of “Buy” and a consensus price target of $136.65.

Insiders Place Their Bets

In related news, Director Arjun N. Murti acquired 2,500 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were bought at an average price of $95.87 per share, for a total transaction of $239,675.00. Following the acquisition, the director now owns 21,500 shares in the company, valued at $2,061,205. This trade represents a 13.16 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director R A. Walker bought 10,400 shares of ConocoPhillips stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average price of $97.80 per share, with a total value of $1,017,120.00. Following the purchase, the director now owns 38,000 shares of the company’s stock, valued at $3,716,400. This trade represents a 37.68 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.34% of the company’s stock.

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.