Sawyer & Company Inc Makes New Investment in ConocoPhillips $COP

Sawyer & Company Inc acquired a new stake in shares of ConocoPhillips (NYSE:COP) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 20,511 shares of the energy producer’s stock, valued at approximately $2,567,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capstone Capital Management Ltd grew its stake in shares of ConocoPhillips by 4.2% during the third quarter. Capstone Capital Management Ltd now owns 7,890 shares of the energy producer’s stock worth $987,000 after acquiring an additional 320 shares during the last quarter. Benchmark Financial Wealth Advisors LLC increased its holdings in shares of ConocoPhillips by 22.0% during the third quarter. Benchmark Financial Wealth Advisors LLC now owns 2,932 shares of the energy producer’s stock valued at $367,000 after acquiring an additional 528 shares in the last quarter. Physician Wealth Advisors Inc. raised its position in shares of ConocoPhillips by 9.3% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 3,074 shares of the energy producer’s stock valued at $385,000 after purchasing an additional 261 shares during the last quarter. Uncommon Cents Investing Inc raised its position in shares of ConocoPhillips by 0.4% in the 3rd quarter. Uncommon Cents Investing Inc now owns 53,922 shares of the energy producer’s stock valued at $6,748,000 after purchasing an additional 199 shares during the last quarter. Finally, Integrated Advisors Network LLC boosted its stake in ConocoPhillips by 2.2% in the 3rd quarter. Integrated Advisors Network LLC now owns 16,784 shares of the energy producer’s stock worth $2,101,000 after purchasing an additional 363 shares in the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Insider Buying and Selling at ConocoPhillips

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

ConocoPhillips Stock Performance

NYSE COP traded down $0.45 during trading hours on Wednesday, reaching $145.50. The stock had a trading volume of 1,878,433 shares, compared to its average volume of 8,009,688. ConocoPhillips has a 52-week low of $85.57 and a 52-week high of $147.15. The stock has a fifty day moving average of $132.96 and a 200 day moving average of $122.58. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.54. The stock has a market cap of $174.80 billion, a P/E ratio of 19.26, a price-to-earnings-growth ratio of 1.44 and a beta of 0.24.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, August 6th. The energy producer reported $3.24 earnings per share (EPS) for the quarter, topping 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 company had revenue of $19.52 billion during the quarter, compared to analyst estimates of $18.79 billion. During the same period last year, the firm posted $1.42 EPS. ConocoPhillips’s revenue for the quarter was up 32.4% compared to the same quarter last year. Sell-side analysts predict that ConocoPhillips will post 11.19 earnings per share for the current year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were paid a $0.84 dividend. The ex-dividend date was Monday, August 17th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.3%. ConocoPhillips’s dividend payout ratio is presently 44.44%.

Analysts Set New Price Targets

COP has been the topic of several research analyst reports. UBS Group boosted their target price on shares of ConocoPhillips from $153.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, September 14th. Wells Fargo & Company upped their price target on shares of ConocoPhillips from $183.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Zacks Research raised shares of ConocoPhillips from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. Barclays lowered their price objective on shares of ConocoPhillips from $155.00 to $150.00 and set an “overweight” rating for the company in a research note on Monday, August 17th. Finally, Freedom Capital upgraded shares of ConocoPhillips from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $145.00.

ConocoPhillips Profile

ConocoPhillips (NYSE:COP) is an independent exploration and production company engaged in finding, developing and producing oil, natural gas and natural gas liquids. Unlike integrated energy companies, it primarily focuses on upstream activities rather than operating large refining or retail fuel businesses.

The company’s portfolio includes conventional and unconventional oil and natural gas assets, liquefied natural gas-related interests, oil sands operations and other energy resources.