ConocoPhillips (NYSE:COP) Shares Sold by Rational Advisors LLC

Rational Advisors LLC cut its holdings in shares of ConocoPhillips (NYSE:COPFree Report) by 91.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 649 shares of the energy producer’s stock after selling 6,735 shares during the period. Rational Advisors LLC’s holdings in ConocoPhillips were worth $64,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Wealthspan Partners LLC grew its stake in shares of ConocoPhillips by 1.6% during the fourth quarter. Wealthspan Partners LLC now owns 6,245 shares of the energy producer’s stock valued at $737,000 after acquiring an additional 98 shares in the last quarter. Horan Securities Inc. grew its stake in shares of ConocoPhillips by 40.2% during the first quarter. Horan Securities Inc. now owns 349 shares of the energy producer’s stock valued at $35,000 after acquiring an additional 100 shares in the last quarter. Barden Capital Management Inc. grew its stake in shares of ConocoPhillips by 1.0% during the first quarter. Barden Capital Management Inc. now owns 10,562 shares of the energy producer’s stock valued at $1,048,000 after acquiring an additional 100 shares in the last quarter. Holderness Investments Co. grew its stake in shares of ConocoPhillips by 1.5% during the first quarter. Holderness Investments Co. now owns 6,882 shares of the energy producer’s stock valued at $683,000 after acquiring an additional 101 shares in the last quarter. Finally, LCM Capital Management Inc grew its stake in shares of ConocoPhillips by 5.3% during the first quarter. LCM Capital Management Inc now owns 2,036 shares of the energy producer’s stock valued at $202,000 after acquiring an additional 103 shares in the last quarter. 80.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Price Performance

Shares of NYSE:COP opened at $122.72 on Friday. The firm’s 50 day moving average is $114.26 and its two-hundred day moving average is $106.62. ConocoPhillips has a 52 week low of $91.53 and a 52 week high of $138.49. The firm has a market capitalization of $146.96 billion, a P/E ratio of 11.82, a PEG ratio of 0.75 and a beta of 1.30. The company has a current ratio of 1.41, a quick ratio of 1.28 and a debt-to-equity ratio of 0.33.

ConocoPhillips (NYSE:COPGet Free Report) last posted its quarterly earnings data on Thursday, August 3rd. The energy producer reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.94 by ($0.10). ConocoPhillips had a net margin of 18.66% and a return on equity of 27.27%. The company had revenue of $12.88 billion for the quarter, compared to analyst estimates of $14.64 billion. During the same quarter in the prior year, the business earned $3.91 EPS. Analysts anticipate that ConocoPhillips will post 8.87 earnings per share for the current year.

ConocoPhillips Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Thursday, September 28th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Wednesday, September 27th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.66%. ConocoPhillips’s dividend payout ratio is presently 19.65%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on COP shares. Mizuho increased their price target on shares of ConocoPhillips from $127.00 to $135.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 16th. Jefferies Financial Group reduced their price target on shares of ConocoPhillips from $143.00 to $141.00 and set a “buy” rating on the stock in a research report on Monday, August 28th. Morgan Stanley reaffirmed an “overweight” rating and set a $124.00 price target on shares of ConocoPhillips in a research report on Wednesday, July 19th. UBS Group increased their price target on shares of ConocoPhillips from $127.00 to $147.00 and gave the stock a “buy” rating in a research report on Thursday, August 17th. Finally, Wells Fargo & Company increased their price target on shares of ConocoPhillips from $134.00 to $138.00 and gave the stock an “overweight” rating in a research report on Friday, August 4th. Five investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ConocoPhillips presently has an average rating of “Moderate Buy” and a consensus target price of $134.42.

View Our Latest Analysis on COP

Insider Activity at ConocoPhillips

In related news, CEO Ryan Michael Lance sold 569,400 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $122.14, for a total transaction of $69,546,516.00. Following the transaction, the chief executive officer now owns 18,187 shares in the company, valued at $2,221,360.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.37% of the company’s stock.

About ConocoPhillips

(Free Report)

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States and internationally. 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 global exploration prospects.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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