Applied Finance Capital Management LLC Has $16.87 Million Stock Position in ConocoPhillips $COP

Applied Finance Capital Management LLC raised its stake in ConocoPhillips (NYSE:COP) by 46.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 178,358 shares of the energy producer’s stock after acquiring an additional 56,258 shares during the quarter. Applied Finance Capital Management LLC’s holdings in ConocoPhillips were worth $16,872,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Navalign LLC raised its position in ConocoPhillips by 1.1% in the 2nd quarter. Navalign LLC now owns 9,918 shares of the energy producer’s stock worth $890,000 after purchasing an additional 108 shares during the last quarter. Greenfield Savings Bank increased its stake in shares of ConocoPhillips by 1.2% in the 3rd quarter. Greenfield Savings Bank now owns 9,018 shares of the energy producer’s stock valued at $853,000 after buying an additional 108 shares during the period. Perennial Investment Advisors LLC raised its position in shares of ConocoPhillips by 2.8% during the second quarter. Perennial Investment Advisors LLC now owns 4,097 shares of the energy producer’s stock worth $368,000 after acquiring an additional 112 shares during the last quarter. FAS Wealth Partners Inc. lifted its stake in shares of ConocoPhillips by 0.9% during the second quarter. FAS Wealth Partners Inc. now owns 12,154 shares of the energy producer’s stock valued at $1,091,000 after acquiring an additional 112 shares during the period. Finally, Strategic Blueprint LLC lifted its stake in shares of ConocoPhillips by 1.4% during the third quarter. Strategic Blueprint LLC now owns 7,917 shares of the energy producer’s stock valued at $749,000 after acquiring an additional 112 shares during the period. 82.36% of the stock is owned by institutional investors.

ConocoPhillips Trading Up 1.0%

Shares of NYSE COP opened at $108.74 on Tuesday. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $108.89. The stock has a market cap of $134.37 billion, a price-to-earnings ratio of 17.15 and a beta of 0.32. The company has a quick ratio of 1.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.35. The company’s fifty day moving average is $96.87 and its 200-day moving average is $93.80.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, February 5th. The energy producer reported $1.02 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.21). The business had revenue of $13.86 billion for the quarter, compared to analyst estimates of $14.35 billion. ConocoPhillips had a return on equity of 11.90% and a net margin of 12.98%.The business’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.98 EPS. Equities research analysts predict that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Wednesday, February 18th will be issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Wednesday, February 18th. ConocoPhillips’s payout ratio is 53.00%.

Insider Activity

In related news, CEO Ryan Michael Lance sold 500,708 shares of the stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $92.50, for a total transaction of $46,315,490.00. Following the completion of the sale, the chief executive officer directly owned 325,972 shares of the company’s stock, valued at approximately $30,152,410. This represents a 60.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Royal Bank Of Canada boosted their price objective on ConocoPhillips from $113.00 to $118.00 and gave the stock an “outperform” rating in a report on Monday, October 13th. Morgan Stanley dropped their price target on shares of ConocoPhillips from $117.00 to $108.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Wells Fargo & Company raised their price objective on shares of ConocoPhillips from $132.00 to $133.00 and gave the company an “overweight” rating in a research note on Friday. Jefferies Financial Group reiterated a “buy” rating on shares of ConocoPhillips in a research report on Monday, December 15th. Finally, Wolfe Research raised their price target on ConocoPhillips from $122.00 to $123.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Seventeen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, ConocoPhillips presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.78.

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.