ConocoPhillips $COP Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its holdings in ConocoPhillips (NYSE:COP) by 6.6% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 161,292 shares of the energy producer’s stock after selling 11,432 shares during the period. Yousif Capital Management LLC’s holdings in ConocoPhillips were worth $15,257,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Navalign LLC raised its stake in ConocoPhillips by 1.1% during the 2nd quarter. Navalign LLC now owns 9,918 shares of the energy producer’s stock valued at $890,000 after acquiring an additional 108 shares during the last quarter. Greenfield Savings Bank increased its holdings in shares of ConocoPhillips by 1.2% in the third quarter. Greenfield Savings Bank now owns 9,018 shares of the energy producer’s stock valued at $853,000 after purchasing an additional 108 shares during the period. Tritonpoint Wealth LLC raised its stake in shares of ConocoPhillips by 1.3% during the second quarter. Tritonpoint Wealth LLC now owns 8,329 shares of the energy producer’s stock worth $747,000 after purchasing an additional 110 shares during the last quarter. Iowa State Bank lifted its holdings in shares of ConocoPhillips by 0.5% during the second quarter. Iowa State Bank now owns 22,193 shares of the energy producer’s stock worth $1,992,000 after purchasing an additional 110 shares during the period. Finally, Perennial Investment Advisors LLC grew its position in ConocoPhillips by 2.8% in the 2nd quarter. Perennial Investment Advisors LLC now owns 4,097 shares of the energy producer’s stock valued at $368,000 after buying an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on COP. JPMorgan Chase & Co. dropped their price objective on shares of ConocoPhillips from $112.00 to $102.00 and set an “overweight” rating on the stock in a research note on Monday, December 8th. Wolfe Research reiterated an “outperform” rating and set a $131.00 price target on shares of ConocoPhillips in a research note on Thursday, November 6th. Royal Bank Of Canada increased their price target on shares of ConocoPhillips from $113.00 to $118.00 and gave the stock an “outperform” rating in a report on Monday, October 13th. Susquehanna lowered their price objective on ConocoPhillips to $113.00 and set a “positive” rating on the stock in a report on Monday, October 20th. Finally, Capital One Financial boosted their target price on ConocoPhillips from $111.00 to $112.00 in a research report on Friday, October 3rd. Nineteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, ConocoPhillips has an average rating of “Moderate Buy” and an average price target of $114.08.

Insider Buying and Selling

In other news, Director William H. Mcraven bought 5,768 shares of the stock in a transaction on Monday, November 10th. The shares were bought at an average price of $86.68 per share, with a total value of $499,970.24. Following the completion of the acquisition, the director owned 5,768 shares of the company’s stock, valued at approximately $499,970.24. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.24% of the company’s stock.

ConocoPhillips Stock Up 1.6%

COP stock opened at $93.37 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 1.18 and a debt-to-equity ratio of 0.35. The company’s 50-day moving average price is $89.67 and its 200 day moving average price is $92.46. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $106.20. The company has a market cap of $115.38 billion, a P/E ratio of 13.21, a P/E/G ratio of 2.08 and a beta of 0.32.

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

ConocoPhillips Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were issued a dividend of $0.84 per share. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.78. This represents a $3.36 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, November 17th. ConocoPhillips’s payout ratio is presently 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.