ConocoPhillips $COP Shares Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC boosted its position in ConocoPhillips (NYSE:COP) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 588,951 shares of the energy producer’s stock after buying an additional 9,696 shares during the period. Corient Private Wealth LLC’s holdings in ConocoPhillips were worth $52,853,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Heartland Bank & Trust Co grew its stake in shares of ConocoPhillips by 97.2% during 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 period. Everpar Advisors LLC boosted 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 worth $934,000 after buying an additional 6,051 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew 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 buying an additional 22,827 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position 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 worth $304,716,000 after buying an additional 78,642 shares during the period. Finally, StoneX Group Inc. increased its holdings in ConocoPhillips by 510.5% in the second quarter. StoneX Group Inc. now owns 29,285 shares of the energy producer’s stock valued at $2,628,000 after buying an additional 24,488 shares in the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Insider Activity at ConocoPhillips

In related news, Director William H. Mcraven acquired 5,768 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were acquired at an average cost 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 approximately $499,970.24. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.24% of the stock is currently owned by corporate insiders.

ConocoPhillips Trading Down 3.7%

Shares of COP opened at $90.92 on Wednesday. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $106.20. The company has a market capitalization of $112.35 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of 2.14 and a beta of 0.32. The stock has a fifty day moving average of $89.48 and a two-hundred day moving average of $92.27. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.18 and a current ratio of 1.32.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data 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. The business had revenue of $15.03 billion for the quarter, compared to analysts’ expectations of $14.51 billion. ConocoPhillips had a return on equity of 13.64% and a net margin of 14.25%.The business’s revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.78 earnings per share. As a group, 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 was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were issued a $0.84 dividend. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.78. The ex-dividend date was Monday, November 17th. This represents a $3.36 annualized dividend and a yield of 3.7%. ConocoPhillips’s dividend payout ratio (DPR) is presently 47.52%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on COP. Melius initiated coverage on ConocoPhillips in a report on Wednesday, August 20th. They issued a “hold” rating and a $117.00 price target on the stock. Barclays dropped their price target on ConocoPhillips from $122.00 to $118.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th. Johnson Rice lowered shares of ConocoPhillips from an “accumulate” rating to a “hold” rating and decreased their price objective for the stock from $108.00 to $105.00 in a research report on Friday, December 5th. BMO Capital Markets dropped their target price on shares of ConocoPhillips from $110.00 to $105.00 and set an “outperform” rating for the company in a report on Monday. Finally, Roth Capital reduced their price target on shares of ConocoPhillips from $108.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, October 15th. Nineteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $114.08.

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.