6,210 ConocoPhillips $COP Shares Acquired by Charles Schwab Trust Co

Charles Schwab Trust Co lifted its holdings in shares of ConocoPhillips (NYSE:COP) by 76.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,349 shares of the energy producer’s stock after acquiring an additional 6,210 shares during the period. Charles Schwab Trust Co’s holdings in ConocoPhillips were worth $1,796,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. State Street Corp boosted its stake in ConocoPhillips by 73.2% during the 2nd quarter. State Street Corp now owns 118,591,447 shares of the energy producer’s stock worth $12,328,767,000 after purchasing an additional 50,116,727 shares during the period. BlackRock Inc. increased its stake in ConocoPhillips by 3.0% in the second quarter. BlackRock Inc. now owns 93,886,457 shares of the energy producer’s stock valued at $9,760,436,000 after purchasing an additional 2,712,703 shares during the period. Wellington Management Group LLP increased its stake in ConocoPhillips by 12.0% in the second quarter. Wellington Management Group LLP now owns 15,072,154 shares of the energy producer’s stock valued at $1,566,901,000 after purchasing an additional 1,609,759 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of ConocoPhillips by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 11,044,489 shares of the energy producer’s stock valued at $1,457,978,000 after buying an additional 74,261 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of ConocoPhillips by 10.8% in the first quarter. Bank of New York Mellon Corp now owns 10,181,950 shares of the energy producer’s stock valued at $1,344,017,000 after buying an additional 995,392 shares during the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on COP. Zacks Research upgraded shares of ConocoPhillips from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. 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 $153.00 to $169.00 and gave the company a “buy” rating in a research note on Monday, September 14th. Roth Capital raised ConocoPhillips from a “neutral” rating to a “buy” rating and upped their price objective for the company from $124.00 to $130.00 in a research note on Monday, June 22nd. Finally, Susquehanna increased their price objective on ConocoPhillips from $155.00 to $161.00 and gave the stock a “positive” rating in a research report on Tuesday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, ConocoPhillips has an average rating of “Moderate Buy” and an average price target of $143.62.

ConocoPhillips Stock Performance

Shares of ConocoPhillips stock traded down $0.03 on Thursday, reaching $142.31. 2,444,292 shares of the stock were exchanged, compared to its average volume of 8,044,229. The firm has a market capitalization of $170.96 billion, a PE ratio of 18.80, a PEG ratio of 1.44 and a beta of 0.24. ConocoPhillips has a 1-year low of $85.57 and a 1-year high of $143.13. The business has a fifty day moving average price of $131.03 and a two-hundred day moving average price of $122.22. The company has a current ratio of 1.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, August 6th. The energy producer reported $3.24 EPS for the quarter, beating analysts’ consensus estimates of $2.90 by $0.34. The firm had revenue of $19.52 billion during the quarter, compared to the consensus estimate of $18.79 billion. ConocoPhillips had a net margin of 14.22% and a return on equity of 14.72%. The firm’s revenue was up 32.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.42 earnings per share. As a group, research analysts anticipate that ConocoPhillips will post 10.84 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were given a dividend of $0.84 per share. The ex-dividend date was Monday, August 17th. This represents a $3.36 annualized dividend and a yield of 2.4%. ConocoPhillips’s payout ratio is presently 44.44%.

Insider Activity

In other news, SVP Andrew Lundquist sold 9,487 shares of the firm’s 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 completion of the sale, the senior vice president directly owned 9,593 shares of the company’s stock, valued at $1,296,493.95. This trade represents a 49.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.09% of the company’s stock.

ConocoPhillips Company Profile

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

The company has a diversified portfolio of assets in major producing regions, including the United States, Canada, Australia, Norway and Qatar. Its U.S. operations include oil and gas developments in Alaska and the Lower 48 states, while its international portfolio includes conventional and offshore projects.