9,488 Shares in ConocoPhillips $COP Acquired by MASTERINVEST Kapitalanlage GmbH

MASTERINVEST Kapitalanlage GmbH bought a new position in shares of ConocoPhillips (NYSE:COP) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 9,488 shares of the energy producer’s stock, valued at approximately $851,000.

Other institutional investors also recently modified their holdings of the company. Howard Hughes Medical Institute bought a new stake in shares of ConocoPhillips during the 2nd quarter worth $25,000. Bogart Wealth LLC raised its holdings in ConocoPhillips by 136.8% in the 2nd quarter. Bogart Wealth LLC now owns 315 shares of the energy producer’s stock worth $28,000 after acquiring an additional 182 shares during the period. Activest Wealth Management lifted its position in ConocoPhillips by 249.5% during the 2nd quarter. Activest Wealth Management now owns 325 shares of the energy producer’s stock worth $29,000 after acquiring an additional 232 shares during the last quarter. BNP Paribas bought a new stake in ConocoPhillips during the second quarter valued at about $33,000. Finally, Traub Capital Management LLC acquired a new stake in shares of ConocoPhillips in the second quarter valued at about $38,000. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Trading Down 1.2%

Shares of ConocoPhillips stock opened at $95.58 on Monday. ConocoPhillips has a 52-week low of $79.88 and a 52-week high of $106.20. The firm has a market capitalization of $118.11 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 2.16 and a beta of 0.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 1.18. The company’s fifty day moving average price is $89.57 and its two-hundred day moving average price is $92.17.

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

ConocoPhillips Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were issued a dividend of $0.84 per share. The ex-dividend date of this dividend was Monday, November 17th. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.78. This represents a $3.36 dividend on an annualized basis and a yield of 3.5%. ConocoPhillips’s dividend payout ratio (DPR) is presently 47.52%.

Analyst Ratings Changes

Several brokerages recently weighed in on COP. Weiss Ratings restated a “hold (c-)” rating on shares of ConocoPhillips in a research note on Monday, December 8th. BMO Capital Markets reduced their price objective on ConocoPhillips from $122.00 to $117.00 and set a “buy” rating for the company in a research report on Wednesday, November 12th. The Goldman Sachs Group lowered their price objective on shares of ConocoPhillips from $111.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, October 17th. Susquehanna cut their target price on shares of ConocoPhillips to $113.00 and set a “positive” rating for the company in a research note on Monday, October 20th. Finally, Barclays dropped their price objective on shares of ConocoPhillips from $122.00 to $118.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Nineteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $114.54.

Insider Buying and Selling at ConocoPhillips

In related news, Director William H. Mcraven acquired 5,768 shares of the stock in a transaction dated Monday, November 10th. The shares were bought at an average cost 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 approximately $499,970.24. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.24% of the company’s stock.

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.