Tokio Marine Asset Management Co. Ltd. Purchases 2,311 Shares of ConocoPhillips (NYSE:COP)

Tokio Marine Asset Management Co. Ltd. grew its position in shares of ConocoPhillips (NYSE:COP) by 3.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 61,434 shares of the energy producer’s stock after acquiring an additional 2,311 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in ConocoPhillips were worth $6,452,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. National Pension Service boosted its stake in ConocoPhillips by 8.4% in the first quarter. National Pension Service now owns 2,579,023 shares of the energy producer’s stock worth $270,849,000 after buying an additional 199,054 shares in the last quarter. MSH Capital Advisors LLC lifted its holdings in shares of ConocoPhillips by 10.1% in the 1st quarter. MSH Capital Advisors LLC now owns 5,446 shares of the energy producer’s stock worth $572,000 after acquiring an additional 501 shares during the last quarter. LGT Fund Management Co Ltd. lifted its holdings in shares of ConocoPhillips by 15.6% in the 1st quarter. LGT Fund Management Co Ltd. now owns 80,189 shares of the energy producer’s stock worth $8,421,000 after acquiring an additional 10,795 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of ConocoPhillips by 418.6% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 363 shares of the energy producer’s stock valued at $38,000 after purchasing an additional 293 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. grew its holdings in shares of ConocoPhillips by 7.2% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 406,697 shares of the energy producer’s stock valued at $42,549,000 after purchasing an additional 27,423 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors.

Insider Buying and Selling at ConocoPhillips

In other news, EVP Kirk L. Johnson acquired 5,300 shares of ConocoPhillips stock in a transaction on Monday, June 16th. The stock was acquired at an average cost of $94.24 per share, for a total transaction of $499,472.00. Following the purchase, the executive vice president owned 14,527 shares in the company, valued at $1,369,024.48. This trade represents a 57.44% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.24% of the stock is owned by insiders.

ConocoPhillips Stock Up 1.1%

NYSE:COP opened at $94.54 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.27 and a quick ratio of 1.10. The firm’s 50-day moving average price is $93.04 and its 200-day moving average price is $93.54. The company has a market capitalization of $118.07 billion, a PE ratio of 12.69, a P/E/G ratio of 2.43 and a beta of 0.67. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $116.08.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, August 7th. The energy producer reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.06. ConocoPhillips had a net margin of 15.26% and a return on equity of 14.60%. The business had revenue of $14.94 billion for the quarter, compared to analysts’ expectations of $14.39 billion. During the same quarter in the prior year, the company earned $1.98 earnings per share. The business’s revenue was up 4.3% compared to the same quarter last year. On average, equities analysts predict that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be issued a dividend of $0.78 per share. The ex-dividend date is Monday, August 18th. This represents a $3.12 annualized dividend and a dividend yield of 3.3%. ConocoPhillips’s dividend payout ratio (DPR) is presently 41.88%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on COP shares. Mizuho decreased their target price on shares of ConocoPhillips from $127.00 to $125.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 13th. Morgan Stanley reaffirmed an “overweight” rating and set a $123.00 price objective (up from $119.00) on shares of ConocoPhillips in a research note on Sunday. Scotiabank lifted their price objective on ConocoPhillips from $95.00 to $100.00 and gave the stock a “sector perform” rating in a report on Friday, July 11th. Susquehanna dropped their target price on ConocoPhillips from $114.00 to $113.00 and set a “positive” rating for the company in a report on Wednesday, July 23rd. Finally, UBS Group raised their price target on ConocoPhillips from $111.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.84.

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.