Barings LLC Has $10.10 Million Holdings in ConocoPhillips $COP

Barings LLC raised its position in shares of ConocoPhillips (NYSE:COP) by 27.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,582 shares of the energy producer’s stock after purchasing an additional 24,480 shares during the period. Barings LLC’s holdings in ConocoPhillips were worth $10,103,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Aberdeen Group plc boosted its stake in shares of ConocoPhillips by 49.3% during the 1st quarter. Aberdeen Group plc now owns 801,426 shares of the energy producer’s stock worth $83,969,000 after acquiring an additional 264,726 shares in the last quarter. Heartland Bank & Trust Co lifted its holdings in ConocoPhillips by 97.2% in the 2nd quarter. Heartland Bank & Trust Co now owns 6,861 shares of the energy producer’s stock worth $616,000 after purchasing an additional 3,381 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in ConocoPhillips by 17.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 154,360 shares of the energy producer’s stock worth $13,927,000 after purchasing an additional 22,827 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in 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 purchasing an additional 78,642 shares during the last quarter. Finally, Everpar Advisors LLC grew its holdings in ConocoPhillips by 138.7% during the second quarter. Everpar Advisors LLC now owns 10,413 shares of the energy producer’s stock valued at $934,000 after purchasing an additional 6,051 shares during the last quarter. Institutional investors own 82.36% of the company’s stock.

Insider Transactions at ConocoPhillips

In other ConocoPhillips news, Director William H. Mcraven acquired 5,768 shares of the company’s stock in a transaction dated 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 purchase, the director owned 5,768 shares in the company, valued at $499,970.24. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.24% of the stock is owned by company insiders.

ConocoPhillips Stock Down 0.2%

NYSE COP opened at $87.33 on Friday. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $112.73. The stock has a market cap of $107.92 billion, a PE ratio of 11.72, a PEG ratio of 2.36 and a beta of 0.58. The firm has a 50-day simple moving average of $90.47 and a 200 day simple moving average of $91.90. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.27.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, November 6th. The energy producer reported $1.61 EPS for the quarter, beating the consensus estimate of $1.41 by $0.20. ConocoPhillips had a return on equity of 14.60% and a net margin of 15.26%.The firm had revenue of $15.03 billion during the quarter, compared to analysts’ expectations of $14.51 billion. During the same quarter in the prior year, the firm posted $1.78 EPS. The company’s revenue for the quarter was up 14.1% on a year-over-year basis. On average, research analysts forecast 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. Shareholders of record on Monday, November 17th will be paid a dividend of $0.84 per share. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.78. This represents a $3.36 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Monday, November 17th. ConocoPhillips’s dividend payout ratio is presently 47.52%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on COP shares. JPMorgan Chase & Co. decreased their price objective on shares of ConocoPhillips from $115.00 to $112.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Mizuho decreased their price target on shares of ConocoPhillips from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Monday, September 15th. Roth Capital dropped their price objective on ConocoPhillips from $108.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, October 15th. Wells Fargo & Company started coverage on ConocoPhillips in a research report on Friday, October 17th. They set an “equal weight” rating and a $100.00 price objective for the company. Finally, UBS Group lowered their target price on ConocoPhillips from $122.00 to $117.00 and set a “buy” rating on the stock in a report on Wednesday, November 12th. Nineteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $115.16.

ConocoPhillips Company 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.