Baugh & Associates LLC Acquires 9,745 Shares of ConocoPhillips $COP

Baugh & Associates LLC raised its stake in shares of ConocoPhillips (NYSE:COP) by 20.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,001 shares of the energy producer’s stock after buying an additional 9,745 shares during the period. ConocoPhillips accounts for approximately 2.5% of Baugh & Associates LLC’s portfolio, making the stock its 18th biggest holding. Baugh & Associates LLC’s holdings in ConocoPhillips were worth $4,912,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in shares of ConocoPhillips by 0.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 40,382,724 shares of the energy producer’s stock valued at $3,623,946,000 after acquiring an additional 287,970 shares in the last quarter. Fisher Asset Management LLC grew its holdings in ConocoPhillips by 1.6% during the second quarter. Fisher Asset Management LLC now owns 14,393,875 shares of the energy producer’s stock valued at $1,291,706,000 after purchasing an additional 224,201 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in ConocoPhillips by 31.4% during the second quarter. Ameriprise Financial Inc. now owns 10,778,664 shares of the energy producer’s stock valued at $966,267,000 after purchasing an additional 2,575,803 shares during the last quarter. Primecap Management Co. CA raised its position in shares of ConocoPhillips by 66.0% in the second quarter. Primecap Management Co. CA now owns 7,883,455 shares of the energy producer’s stock valued at $707,461,000 after purchasing an additional 3,135,315 shares during the period. Finally, Boston Partners lifted its stake in shares of ConocoPhillips by 4.0% in the second quarter. Boston Partners now owns 6,424,232 shares of the energy producer’s stock worth $577,471,000 after buying an additional 244,810 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on COP shares. UBS Group upped their price objective on shares of ConocoPhillips from $117.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Sanford C. Bernstein cut their target price on shares of ConocoPhillips from $116.00 to $98.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. Wolfe Research lowered their price target on ConocoPhillips from $131.00 to $126.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Wall Street Zen upgraded ConocoPhillips from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Susquehanna cut their price objective on ConocoPhillips to $113.00 and set a “positive” rating for the company in a research report on Monday, October 20th. Eighteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $111.76.

Insider Buying and Selling

In other news, Director William H. Mcraven bought 5,768 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was acquired at an average cost of $86.68 per share, for a total transaction of $499,970.24. Following the completion of the purchase, the director owned 5,768 shares of the company’s stock, valued at $499,970.24. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Michael Lance sold 500,708 shares of the firm’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $92.50, for a total value of $46,315,490.00. Following the completion of the transaction, the chief executive officer directly owned 325,972 shares of the company’s stock, valued at approximately $30,152,410. This trade represents a 60.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.24% of the company’s stock.

ConocoPhillips Stock Performance

NYSE:COP opened at $96.43 on Wednesday. The firm’s 50-day moving average is $91.91 and its 200-day moving average is $92.75. The company has a market cap of $119.16 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 2.59 and a beta of 0.32. 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 has a 52-week low of $79.88 and a 52-week high of $106.20.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, November 6th. The energy producer reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.20. ConocoPhillips had a return on equity of 13.64% and a net margin of 14.25%.The business had revenue of $15.03 billion for the quarter, compared to the consensus estimate of $14.51 billion. During the same period last year, the business earned $1.78 earnings per share. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. Equities research analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, November 17th. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.78. ConocoPhillips’s payout ratio is 47.52%.

ConocoPhillips Profile

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.