M Holdings Securities Inc. purchased a new position in ConocoPhillips (NYSE:COP – Get Rating) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 8,090 shares of the energy producer’s stock, valued at approximately $809,000.
Other hedge funds have also recently modified their holdings of the company. James Investment Research Inc. purchased a new stake in shares of ConocoPhillips in the 1st quarter worth approximately $29,000. Fairfield Bush & CO. purchased a new stake in shares of ConocoPhillips in the 1st quarter worth approximately $31,000. Versant Capital Management Inc lifted its position in shares of ConocoPhillips by 93.1% in the 1st quarter. Versant Capital Management Inc now owns 365 shares of the energy producer’s stock worth $37,000 after purchasing an additional 176 shares during the period. Delos Wealth Advisors LLC lifted its position in shares of ConocoPhillips by 1,300.0% in the 4th quarter. Delos Wealth Advisors LLC now owns 378 shares of the energy producer’s stock worth $27,000 after purchasing an additional 351 shares during the period. Finally, DeDora Capital Inc. purchased a new stake in ConocoPhillips during the first quarter valued at approximately $39,000. Hedge funds and other institutional investors own 79.66% of the company’s stock.
ConocoPhillips Stock Performance
COP opened at $115.56 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.54 and a debt-to-equity ratio of 0.32. The company has a market cap of $149.47 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 0.37 and a beta of 1.31. ConocoPhillips has a 52-week low of $56.30 and a 52-week high of $124.08. The firm’s fifty day simple moving average is $99.06 and its two-hundred day simple moving average is $100.65.
ConocoPhillips Announces Dividend
The firm also recently declared a None dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, September 29th will be paid a $1.40 dividend. The ex-dividend date of this dividend is Thursday, September 29th. ConocoPhillips’s dividend payout ratio is currently 15.19%.
Insider Transactions at ConocoPhillips
In other news, EVP Nicholas G. Olds sold 10,950 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $116.52, for a total value of $1,275,894.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.08% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on COP shares. Societe Generale increased their target price on shares of ConocoPhillips to $127.00 in a research report on Thursday, June 9th. Bank of America raised shares of ConocoPhillips from a “neutral” rating to a “buy” rating and decreased their target price for the company from $135.00 to $134.00 in a research report on Tuesday, July 19th. Barclays increased their target price on shares of ConocoPhillips from $142.00 to $153.00 and gave the company an “overweight” rating in a research report on Wednesday, August 31st. The Goldman Sachs Group decreased their target price on shares of ConocoPhillips from $140.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, June 22nd. Finally, MKM Partners increased their target price on shares of ConocoPhillips from $110.00 to $118.00 and gave the company a “buy” rating in a research report on Friday, August 26th. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $121.47.
ConocoPhillips Company Profile
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. It primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.
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