ConocoPhillips $COP Shares Purchased by Capital International Inc. CA

Capital International Inc. CA boosted its stake in ConocoPhillips (NYSE:COP) by 7.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 725,548 shares of the energy producer’s stock after purchasing an additional 48,418 shares during the period. Capital International Inc. CA’s holdings in ConocoPhillips were worth $67,919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Strive Asset Management LLC acquired a new stake in ConocoPhillips in the third quarter worth $28,000. Board of the Pension Protection Fund acquired a new stake in ConocoPhillips in the fourth quarter worth $28,000. KERR FINANCIAL PLANNING Corp acquired a new stake in ConocoPhillips in the third quarter worth $28,000. Optima Capital LLC acquired a new stake in ConocoPhillips in the fourth quarter worth $34,000. Finally, BNP Paribas acquired a new stake in ConocoPhillips in the second quarter worth $33,000. 82.36% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at ConocoPhillips

In related news, CEO Ryan Michael Lance sold 506,800 shares of the firm’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $127.26, for a total transaction of $64,495,368.00. Following the completion of the transaction, the chief executive officer owned 6,835 shares of the company’s stock, valued at $869,822.10. This trade represents a 98.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Nicholas G. Olds sold 14,522 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $119.36, for a total value of $1,733,345.92. Following the transaction, the executive vice president directly owned 12,389 shares of the company’s stock, valued at $1,478,751.04. This represents a 53.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 694,891 shares of company stock valued at $88,594,092. Corporate insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Zacks Research cut ConocoPhillips from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Truist Financial set a $128.00 price target on ConocoPhillips in a research note on Friday, May 1st. Raymond James Financial decreased their price target on ConocoPhillips from $145.00 to $142.00 and set an “outperform” rating for the company in a research note on Monday, June 1st. Barclays increased their price target on ConocoPhillips from $136.00 to $155.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Finally, BMO Capital Markets decreased their price target on ConocoPhillips from $140.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, May 13th. Seventeen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $134.48.

ConocoPhillips Trading Down 1.8%

Shares of COP stock opened at $117.10 on Friday. The stock has a 50-day simple moving average of $122.08 and a 200 day simple moving average of $109.43. ConocoPhillips has a fifty-two week low of $85.57 and a fifty-two week high of $135.87. The stock has a market capitalization of $142.66 billion, a P/E ratio of 19.88, a P/E/G ratio of 1.30 and a beta of 0.11. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.34.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.17. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The business had revenue of $15.76 billion during the quarter, compared to analysts’ expectations of $15.62 billion. During the same quarter last year, the business posted $2.09 earnings per share. The company’s quarterly revenue was down 6.1% on a year-over-year basis. On average, sell-side analysts expect that ConocoPhillips will post 10.03 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 11th were paid a dividend of $0.84 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $3.36 annualized dividend and a yield of 2.9%. ConocoPhillips’s dividend payout ratio (DPR) is currently 57.05%.

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.