ConocoPhillips $COP Shares Sold by Savant Capital LLC

Savant Capital LLC lessened its holdings in shares of ConocoPhillips (NYSE:COP) by 24.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,990 shares of the energy producer’s stock after selling 15,392 shares during the quarter. Savant Capital LLC’s holdings in ConocoPhillips were worth $4,399,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of COP. Cloud Capital Management LLC bought a new position in ConocoPhillips during the 3rd quarter worth approximately $26,000. Strive Asset Management LLC bought a new position in ConocoPhillips during the 3rd quarter worth approximately $28,000. Board of the Pension Protection Fund bought a new position in ConocoPhillips during the 4th quarter worth approximately $28,000. KERR FINANCIAL PLANNING Corp bought a new position in ConocoPhillips during the 3rd quarter worth approximately $28,000. Finally, Optima Capital LLC bought a new position in ConocoPhillips during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Trading Down 0.8%

Shares of NYSE COP opened at $114.01 on Friday. The company has a market cap of $138.90 billion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 1.28 and a beta of 0.14. ConocoPhillips has a 12-month low of $84.33 and a 12-month high of $135.87. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.34. The stock’s 50 day simple moving average is $123.09 and its 200 day simple moving average is $108.46.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.17. The business had revenue of $15.76 billion for the quarter, compared to the consensus estimate of $15.62 billion. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The business’s revenue was down 6.1% on a year-over-year basis. During the same quarter last year, the business posted $2.09 EPS. Equities research analysts expect that ConocoPhillips will post 9.92 EPS for the current year.

ConocoPhillips Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 11th will be issued a $0.84 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $3.36 annualized dividend and a dividend yield of 2.9%. ConocoPhillips’s dividend payout ratio (DPR) is 57.05%.

Analysts Set New Price Targets

A number of research firms have commented on COP. Wall Street Zen raised ConocoPhillips from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Wells Fargo & Company increased their target price on ConocoPhillips from $132.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Morgan Stanley increased their target price on ConocoPhillips from $149.00 to $153.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Argus increased their target price on ConocoPhillips from $128.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, Capital One Financial reduced their target price on ConocoPhillips from $156.00 to $154.00 and set an “equal weight” rating on the stock in a report on Monday, May 18th. Seventeen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $134.60.

Insiders Place Their Bets

In related news, SVP Andrew D. Lundquist sold 34,500 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $119.68, for a total value of $4,128,960.00. Following the sale, the senior vice president owned 17,469 shares of the company’s stock, valued at approximately $2,090,689.92. This trade represents a 66.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Michael Lance sold 113,221 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $132.71, for a total value of $15,025,558.91. Following the completion of the sale, the chief executive officer directly owned 350,000 shares in the company, valued at approximately $46,448,500. This trade represents a 24.44% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 734,891 shares of company stock worth $93,345,692. 0.09% of the stock is currently owned by insiders.

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.