ConocoPhillips $COP Position Increased by Hengehold Capital Management LLC

Hengehold Capital Management LLC boosted its holdings in shares of ConocoPhillips (NYSE:COP) by 194.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 7,325 shares of the energy producer’s stock after purchasing an additional 4,838 shares during the period. Hengehold Capital Management LLC’s holdings in ConocoPhillips were worth $917,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of ConocoPhillips during the fourth quarter worth about $25,000. Frazier Financial Advisors LLC increased its position in ConocoPhillips by 151.0% in the 1st quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer’s stock valued at $32,000 after acquiring an additional 145 shares during the period. Allied Private Wealth LLC acquired a new position in ConocoPhillips in the 2nd quarter valued at about $32,000. Evergreen Advisors LLC purchased a new stake in ConocoPhillips during the 1st quarter valued at approximately $36,000. Finally, Ballast Advisors LLC purchased a new stake in ConocoPhillips during the 1st quarter valued at approximately $36,000. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Stock Performance

NYSE:COP traded up $4.70 during mid-day trading on Friday, reaching $146.43. The stock had a trading volume of 7,765,878 shares, compared to its average volume of 6,598,777. 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 firm has a market capitalization of $175.92 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 1.41 and a beta of 0.24. ConocoPhillips has a twelve month low of $85.57 and a twelve month high of $146.59. The business has a 50 day simple moving average of $132.11 and a 200 day simple moving average of $122.44.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, August 6th. The energy producer reported $3.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.90 by $0.34. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%. The company had revenue of $19.52 billion for the quarter, compared to analyst estimates of $18.79 billion. During the same quarter in the previous year, the company earned $1.42 EPS. The firm’s revenue for the quarter was up 32.4% compared to the same quarter last year. On average, analysts expect that ConocoPhillips will post 11.19 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors 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 payout ratio is 44.44%.

Insider Buying and Selling at ConocoPhillips

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on COP. Seaport Research Partners initiated coverage on ConocoPhillips in a research report on Thursday, September 3rd. They set a “neutral” rating for the company. Freedom Capital raised ConocoPhillips from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Wells Fargo & Company upped their price target on ConocoPhillips from $183.00 to $189.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Argus upped their price target on ConocoPhillips from $136.00 to $153.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Finally, Royal Bank Of Canada set a $130.00 price target on ConocoPhillips in a report on Monday, June 22nd. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.62.

ConocoPhillips 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.