ConocoPhillips (NYSE:COP) SVP Andrew Lundquist Sells 9,487 Shares of Stock

ConocoPhillips (NYSE:COP) SVP Andrew Lundquist sold 9,487 shares of ConocoPhillips stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $135.15, for a total value of $1,282,168.05. Following the transaction, the senior vice president directly owned 9,593 shares in the company, valued at approximately $1,296,493.95. This trade represents a 49.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

ConocoPhillips Stock Performance

Shares of COP stock traded down $1.44 during trading hours on Monday, hitting $133.43. The stock had a trading volume of 3,403,229 shares, compared to its average volume of 8,432,340. The firm has a market capitalization of $160.30 billion, a PE ratio of 17.65, a PEG ratio of 1.43 and a beta of 0.11. ConocoPhillips has a twelve month low of $85.57 and a twelve month high of $135.88. The stock’s 50 day moving average is $115.30 and its 200 day moving average is $117.77. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 1.39.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, August 6th. The energy producer reported $3.24 EPS for the quarter, beating analysts’ consensus estimates of $2.90 by $0.34. ConocoPhillips had a net margin of 14.22% and a return on equity of 14.72%. The business had revenue of $19.52 billion for the quarter, compared to analysts’ expectations of $18.79 billion. During the same period in the previous year, the company posted $1.42 EPS. The company’s quarterly revenue was up 32.4% on a year-over-year basis. As a group, research analysts forecast that ConocoPhillips will post 10.46 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be given a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, August 17th. ConocoPhillips’s dividend payout ratio (DPR) is presently 44.44%.

Wall Street Analyst Weigh In

COP has been the subject of several recent research reports. Raymond James Financial reiterated an “underperform” rating and set a $168.00 target price on shares of ConocoPhillips in a research note on Monday. Wells Fargo & Company boosted their price target on ConocoPhillips from $183.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. UBS Group upped their price objective on ConocoPhillips from $143.00 to $153.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. BMO Capital Markets decreased their price objective on ConocoPhillips from $140.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. Finally, Freedom Capital upgraded ConocoPhillips from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $140.29.

Institutional Trading of ConocoPhillips

A number of institutional investors have recently modified their holdings of COP. Patten Group Inc. lifted its stake in shares of ConocoPhillips by 1.5% during the first quarter. Patten Group Inc. now owns 5,447 shares of the energy producer’s stock valued at $719,000 after buying an additional 83 shares during the period. IFC Advisors LLC lifted its stake in shares of ConocoPhillips by 0.4% during the 1st quarter. IFC Advisors LLC now owns 20,182 shares of the energy producer’s stock worth $2,664,000 after purchasing an additional 84 shares during the period. Cornerstone Planning Group LLC boosted its holdings in shares of ConocoPhillips by 9.6% during the first quarter. Cornerstone Planning Group LLC now owns 1,006 shares of the energy producer’s stock worth $124,000 after purchasing an additional 88 shares during the last quarter. Blue Trust Inc. grew its position in shares of ConocoPhillips by 0.4% in the first quarter. Blue Trust Inc. now owns 21,144 shares of the energy producer’s stock valued at $2,791,000 after purchasing an additional 92 shares during the period. Finally, Sigma Planning Corp grew its position in shares of ConocoPhillips by 0.6% in the first quarter. Sigma Planning Corp now owns 16,062 shares of the energy producer’s stock valued at $2,120,000 after purchasing an additional 94 shares during the period. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

About ConocoPhillips

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.