Roffman Miller Associates Inc. PA lowered its stake in shares of ConocoPhillips (NYSE:COP) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,012 shares of the energy producer’s stock after selling 5,028 shares during the period. Roffman Miller Associates Inc. PA’s holdings in ConocoPhillips were worth $3,294,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of ConocoPhillips by 468.8% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,820 shares of the energy producer’s stock worth $100,000 after buying an additional 1,500 shares in the last quarter. Krilogy Financial LLC raised its position in shares of ConocoPhillips by 48.6% in the second quarter. Krilogy Financial LLC now owns 2,392 shares of the energy producer’s stock worth $105,000 after buying an additional 782 shares in the last quarter. Rocky Mountain Advisers LLC raised its position in shares of ConocoPhillips by 140.2% in the third quarter. Rocky Mountain Advisers LLC now owns 2,392 shares of the energy producer’s stock worth $120,000 after buying an additional 1,396 shares in the last quarter. Clear Perspective Advisors LLC raised its position in shares of ConocoPhillips by 75.5% in the second quarter. Clear Perspective Advisors LLC now owns 2,790 shares of the energy producer’s stock worth $123,000 after buying an additional 1,200 shares in the last quarter. Finally, TLP Group LLC purchased a new stake in shares of ConocoPhillips in the second quarter worth $142,000. Hedge funds and other institutional investors own 70.49% of the company’s stock.
In related news, Director Charles E. Bunch acquired 2,000 shares of ConocoPhillips stock in a transaction dated Monday, December 11th. The shares were purchased at an average cost of $52.06 per share, with a total value of $104,120.00. Following the completion of the purchase, the director now owns 3,429 shares of the company’s stock, valued at $178,513.74. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.82% of the stock is currently owned by company insiders.
COP has been the topic of a number of recent analyst reports. Goldman Sachs Group upgraded ConocoPhillips from a “neutral” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Wednesday, December 13th. Howard Weil downgraded ConocoPhillips from a “focus list” rating to an “outperform” rating and set a $58.00 price objective on the stock. in a research report on Friday, December 22nd. Credit Suisse Group started coverage on ConocoPhillips in a research note on Monday, December 11th. They issued a “neutral” rating and a $50.00 target price on the stock. Royal Bank of Canada increased their target price on ConocoPhillips from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $63.00 target price on shares of ConocoPhillips in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $58.53.
ConocoPhillips (NYSE:COP) opened at $54.65 on Tuesday. ConocoPhillips has a 12 month low of $42.26 and a 12 month high of $61.31. The stock has a market capitalization of $64,328.89, a PE ratio of 74.86, a PEG ratio of 1.74 and a beta of 1.32. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.23 and a current ratio of 2.38.
ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, February 1st. The energy producer reported $0.45 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.45. ConocoPhillips had a positive return on equity of 2.78% and a negative net margin of 2.04%. The firm had revenue of $8.74 billion for the quarter, compared to analysts’ expectations of $7.70 billion. During the same period last year, the firm earned ($0.26) earnings per share. sell-side analysts anticipate that ConocoPhillips will post 2.85 EPS for the current fiscal year.
ConocoPhillips declared that its Board of Directors has initiated a share buyback plan on Wednesday, November 8th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the energy producer to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Monday, February 12th will be paid a dividend of $0.285 per share. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.27. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Friday, February 9th. ConocoPhillips’s dividend payout ratio (DPR) is -228.00%.
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ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through five segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.
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