First National Bank of South Miami Purchases 499 Shares of ConocoPhillips (NYSE:COP)

First National Bank of South Miami lifted its position in shares of ConocoPhillips (NYSE:COP) by 30.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 2,161 shares of the energy producer’s stock after acquiring an additional 499 shares during the period. First National Bank of South Miami’s holdings in ConocoPhillips were worth $224,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its position in shares of ConocoPhillips by 2.6% in the 1st quarter. Wellington Management Group LLP now owns 44,731,153 shares of the energy producer’s stock worth $4,437,778,000 after buying an additional 1,138,607 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in ConocoPhillips by 10.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,256,640 shares of the energy producer’s stock worth $2,036,284,000 after acquiring an additional 1,566,894 shares in the last quarter. Morgan Stanley grew its holdings in ConocoPhillips by 26.6% in the fourth quarter. Morgan Stanley now owns 16,647,723 shares of the energy producer’s stock worth $1,964,432,000 after purchasing an additional 3,497,750 shares during the period. Moneta Group Investment Advisors LLC increased its stake in shares of ConocoPhillips by 98,832.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,584,373 shares of the energy producer’s stock valued at $1,012,956,000 after purchasing an additional 8,575,696 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in shares of ConocoPhillips by 1.8% during the first quarter. Fisher Asset Management LLC now owns 7,022,759 shares of the energy producer’s stock valued at $696,728,000 after purchasing an additional 122,216 shares during the last quarter. 80.36% of the stock is owned by hedge funds and other institutional investors.

ConocoPhillips Trading Up 0.7 %

NYSE:COP opened at $124.48 on Tuesday. ConocoPhillips has a one year low of $91.53 and a one year high of $138.49. The business has a fifty day moving average price of $116.22 and a 200-day moving average price of $107.25. The firm has a market capitalization of $149.06 billion, a price-to-earnings ratio of 11.99, a price-to-earnings-growth ratio of 0.78 and a beta of 1.30. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.41 and a quick ratio of 1.28.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, August 3rd. The energy producer reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.94 by ($0.10). ConocoPhillips had a net margin of 18.66% and a return on equity of 27.27%. The company had revenue of $12.88 billion for the quarter, compared to the consensus estimate of $14.64 billion. During the same period in the prior year, the firm posted $3.91 EPS. Sell-side analysts forecast that ConocoPhillips will post 8.74 EPS for the current year.

ConocoPhillips Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Wednesday, August 16th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend was Wednesday, September 27th. ConocoPhillips’s dividend payout ratio is 19.65%.

Insiders Place Their Bets

In other ConocoPhillips news, CEO Ryan Michael Lance sold 569,400 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $122.14, for a total value of $69,546,516.00. Following the completion of the transaction, the chief executive officer now directly owns 18,187 shares in the company, valued at $2,221,360.18. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.37% of the stock is owned by company insiders.

Analyst Ratings Changes

COP has been the topic of several recent research reports. Wells Fargo & Company upped their price target on ConocoPhillips from $134.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, August 4th. Citigroup reduced their price objective on shares of ConocoPhillips from $145.00 to $140.00 in a research note on Wednesday, July 12th. UBS Group increased their price target on shares of ConocoPhillips from $127.00 to $147.00 and gave the company a “buy” rating in a report on Thursday, August 17th. Erste Group Bank upgraded shares of ConocoPhillips from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Finally, Jefferies Financial Group cut their target price on ConocoPhillips from $143.00 to $141.00 and set a “buy” rating on the stock in a research note on Monday, August 28th. Five investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $135.11.

ConocoPhillips Company Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.