701 Shares in ConocoPhillips (NYSE:COP) Purchased by Financial Insights Inc.

Financial Insights Inc. acquired a new position in shares of ConocoPhillips (NYSE:COP) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 701 shares of the energy producer’s stock, valued at approximately $43,000.

Several other large investors have also modified their holdings of COP. Los Angeles Capital Management LLC increased its position in shares of ConocoPhillips by 74.5% during the 1st quarter. Los Angeles Capital Management LLC now owns 36,267 shares of the energy producer’s stock worth $1,921,000 after purchasing an additional 15,479 shares during the last quarter. Bank of Nova Scotia increased its position in shares of ConocoPhillips by 40.2% during the 1st quarter. Bank of Nova Scotia now owns 252,063 shares of the energy producer’s stock worth $13,352,000 after purchasing an additional 72,323 shares during the last quarter. Sigma Planning Corp grew its position in ConocoPhillips by 11.8% in the 1st quarter. Sigma Planning Corp now owns 18,359 shares of the energy producer’s stock valued at $973,000 after acquiring an additional 1,931 shares in the last quarter. Prime Capital Investment Advisors LLC grew its position in ConocoPhillips by 128.1% in the 1st quarter. Prime Capital Investment Advisors LLC now owns 739 shares of the energy producer’s stock valued at $39,000 after acquiring an additional 415 shares in the last quarter. Finally, Clarus Group Inc. acquired a new position in ConocoPhillips in the 1st quarter valued at about $124,000. 78.47% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Jody Freeman sold 3,334 shares of the company’s stock in a transaction that occurred on Monday, June 28th. The stock was sold at an average price of $59.65, for a total transaction of $198,873.10. Following the completion of the sale, the director now owns 8,251 shares in the company, valued at $492,172.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director R A. Walker purchased 18,000 shares of the business’s stock in a transaction dated Monday, August 9th. The shares were bought at an average price of $55.50 per share, with a total value of $999,000.00. The disclosure for this purchase can be found here. 0.08% of the stock is currently owned by insiders.

Several equities analysts have weighed in on the company. Barclays lifted their target price on ConocoPhillips from $63.00 to $71.00 and gave the company an “overweight” rating in a research report on Thursday, June 3rd. Sanford C. Bernstein lifted their target price on ConocoPhillips from $63.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday, June 21st. KeyCorp lifted their target price on ConocoPhillips from $68.00 to $69.00 and gave the company an “overweight” rating in a research report on Wednesday, July 21st. Truist Securities lifted their target price on ConocoPhillips from $63.00 to $77.00 and gave the company a “buy” rating in a research report on Thursday, July 1st. Finally, Credit Suisse Group boosted their price objective on ConocoPhillips from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 23rd. Two equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $70.81.

COP stock traded down $2.28 during trading on Monday, hitting $56.64. 407,941 shares of the company’s stock were exchanged, compared to its average volume of 9,222,586. The company has a current ratio of 2.11, a quick ratio of 1.97 and a debt-to-equity ratio of 0.42. ConocoPhillips has a 52-week low of $27.53 and a 52-week high of $63.57. The business has a 50-day moving average price of $56.15 and a two-hundred day moving average price of $56.11. The stock has a market capitalization of $75.85 billion, a price-to-earnings ratio of 48.93, a PEG ratio of 1.56 and a beta of 1.77.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Tuesday, August 3rd. The energy producer reported $1.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.17. ConocoPhillips had a return on equity of 5.64% and a net margin of 5.93%. The company had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $10.44 billion. During the same quarter in the previous year, the business earned ($0.92) earnings per share. On average, equities research analysts anticipate that ConocoPhillips will post 4.79 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 1st. Shareholders of record on Monday, July 26th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend was Friday, July 23rd. ConocoPhillips’s dividend payout ratio is currently -177.32%.

About ConocoPhillips

ConocoPhillips engages in the exploration, production, transportation and marketing of crude oil, bitumen, natural gas, natural gas liquids, and liquefied natural gas on a worldwide basis. It operates through the following geographical segments: Alaska; Lower 48; Canada; Europe, Middle East and North Africa; Asia Pacific; and Other International.

Recommended Story: Growth Stocks, What They Are, What They Are Not

Want to see what other hedge funds are holding COP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ConocoPhillips (NYSE:COP).

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

Receive News & Ratings for ConocoPhillips Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ConocoPhillips and related companies with MarketBeat.com's FREE daily email newsletter.