Aviva PLC Sells 973 Shares of ConocoPhillips $COP

Aviva PLC lessened its holdings in shares of ConocoPhillips (NYSE:COP) by 2.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,826 shares of the energy producer’s stock after selling 973 shares during the quarter. Aviva PLC’s holdings in ConocoPhillips were worth $4,382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aberdeen Group plc raised its stake in ConocoPhillips by 49.3% during the 1st quarter. Aberdeen Group plc now owns 801,426 shares of the energy producer’s stock valued at $83,969,000 after purchasing an additional 264,726 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in ConocoPhillips by 17.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 154,360 shares of the energy producer’s stock valued at $13,927,000 after buying an additional 22,827 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of ConocoPhillips by 2.4% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,395,546 shares of the energy producer’s stock valued at $304,716,000 after buying an additional 78,642 shares during the last quarter. Commonwealth Retirement Investments LLC purchased a new position in shares of ConocoPhillips in the second quarter worth $1,264,000. Finally, Ashton Thomas Private Wealth LLC boosted its position in shares of ConocoPhillips by 17.7% during the first quarter. Ashton Thomas Private Wealth LLC now owns 37,361 shares of the energy producer’s stock worth $3,924,000 after acquiring an additional 5,627 shares during the last quarter. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other ConocoPhillips news, Director William H. Mcraven acquired 5,768 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was bought at an average price of $86.68 per share, for a total transaction of $499,970.24. Following the acquisition, the director directly owned 5,768 shares in the company, valued at $499,970.24. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on COP. JPMorgan Chase & Co. reduced their price target on shares of ConocoPhillips from $115.00 to $112.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Weiss Ratings raised ConocoPhillips from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, November 7th. BMO Capital Markets increased their price target on ConocoPhillips from $115.00 to $117.00 and gave the company an “outperform” rating in a research note on Monday, October 13th. The Goldman Sachs Group reduced their price objective on ConocoPhillips from $111.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, October 17th. Finally, Morgan Stanley decreased their price objective on ConocoPhillips from $123.00 to $122.00 and set an “overweight” rating on the stock in a report on Tuesday, October 14th. Eighteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $115.33.

ConocoPhillips Stock Down 1.9%

Shares of COP opened at $89.00 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.35. ConocoPhillips has a 52-week low of $79.88 and a 52-week high of $115.38. The company has a market cap of $109.97 billion, a PE ratio of 11.95, a P/E/G ratio of 2.36 and a beta of 0.58. The business has a fifty day moving average of $91.08 and a 200 day moving average of $91.96.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, November 6th. The energy producer reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.20. ConocoPhillips had a net margin of 15.26% and a return on equity of 14.60%. The firm had revenue of $15.03 billion during the quarter, compared to analyst estimates of $14.51 billion. During the same quarter last year, the business earned $1.78 EPS. The business’s revenue was up 14.1% on a year-over-year basis. On average, sell-side analysts expect that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Monday, November 17th will be issued a $0.84 dividend. The ex-dividend date is Monday, November 17th. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.78. This represents a $3.36 annualized dividend and a dividend yield of 3.8%. ConocoPhillips’s dividend payout ratio (DPR) is currently 47.52%.

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.