TD Waterhouse Canada Inc. Has $5.90 Million Stock Position in ConocoPhillips $COP

TD Waterhouse Canada Inc. trimmed its position in shares of ConocoPhillips (NYSE:COP) by 10.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 57,131 shares of the energy producer’s stock after selling 6,580 shares during the period. TD Waterhouse Canada Inc.’s holdings in ConocoPhillips were worth $5,901,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Frazier Financial Advisors LLC raised its stake in shares of ConocoPhillips by 151.0% in the 1st quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer’s stock valued at $32,000 after acquiring an additional 145 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in ConocoPhillips during the 4th quarter valued at $25,000. Ballast Advisors LLC bought a new stake in shares of ConocoPhillips in the first quarter valued at about $36,000. Evergreen Advisors LLC acquired a new stake in shares of ConocoPhillips during the 1st quarter worth approximately $36,000. Finally, Allied Private Wealth LLC bought a new stake in ConocoPhillips in the 2nd quarter valued at $32,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Analyst Ratings Changes

COP has been the topic of a number of analyst reports. Seaport Research Partners began coverage on ConocoPhillips in a research report on Thursday. They issued a “neutral” rating on the stock. Susquehanna raised their price target on shares of ConocoPhillips from $155.00 to $161.00 and gave the company a “positive” rating in a report on Tuesday, August 11th. Morgan Stanley boosted their price objective on ConocoPhillips from $147.00 to $151.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Jefferies Financial Group upped their target price on shares of ConocoPhillips from $160.00 to $161.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Finally, The Goldman Sachs Group cut their price target on shares of ConocoPhillips from $144.00 to $138.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $140.29.

Insider Activity

In related news, SVP Andrew Lundquist sold 9,487 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $135.15, for a total value of $1,282,168.05. Following the transaction, the senior vice president owned 9,593 shares in the company, valued at $1,296,493.95. The trade was a 49.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.09% of the stock is owned by company insiders.

ConocoPhillips Price Performance

NYSE:COP opened at $134.23 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.54. ConocoPhillips has a 52 week low of $85.57 and a 52 week high of $137.42. The firm’s 50-day simple moving average is $120.15 and its 200 day simple moving average is $119.49. The firm has a market cap of $161.26 billion, a price-to-earnings ratio of 17.76, a P/E/G ratio of 1.41 and a beta of 0.13.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, August 6th. The energy producer reported $3.24 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.34. The business had revenue of $19.52 billion during the quarter, compared to analysts’ expectations of $18.79 billion. ConocoPhillips had a net margin of 14.22% and a return on equity of 14.72%. ConocoPhillips’s revenue was up 32.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.42 earnings per share. As a group, sell-side analysts predict that ConocoPhillips will post 10.54 earnings per share for the current year.

ConocoPhillips Announces Dividend

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

ConocoPhillips Company 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.