ConocoPhillips (NYSE:COP) Shares Purchased by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC lifted its stake in ConocoPhillips (NYSE:COPGet Rating) by 5.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,490 shares of the energy producer’s stock after acquiring an additional 390 shares during the period. Flagship Harbor Advisors LLC’s holdings in ConocoPhillips were worth $673,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in COP. Capital World Investors lifted its stake in shares of ConocoPhillips by 62.4% in the 1st quarter. Capital World Investors now owns 23,463,085 shares of the energy producer’s stock worth $2,346,309,000 after acquiring an additional 9,014,700 shares during the period. Diamond Hill Capital Management Inc. acquired a new stake in shares of ConocoPhillips in the 1st quarter worth approximately $702,569,000. BlackRock Inc. lifted its stake in shares of ConocoPhillips by 3.4% in the 4th quarter. BlackRock Inc. now owns 111,073,845 shares of the energy producer’s stock worth $8,017,310,000 after acquiring an additional 3,652,817 shares during the period. Capital Research Global Investors lifted its stake in shares of ConocoPhillips by 28.2% in the 1st quarter. Capital Research Global Investors now owns 12,335,053 shares of the energy producer’s stock worth $1,233,506,000 after acquiring an additional 2,715,820 shares during the period. Finally, Cowa LLC lifted its stake in shares of ConocoPhillips by 6,475.2% in the 1st quarter. Cowa LLC now owns 2,375,224 shares of the energy producer’s stock worth $2,383,000 after acquiring an additional 2,339,100 shares during the period. 79.66% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips Stock Down 0.9 %

ConocoPhillips stock opened at $110.06 on Friday. The firm has a market cap of $142.36 billion, a PE ratio of 9.09, a P/E/G ratio of 0.39 and a beta of 1.31. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.54. The firm’s 50 day moving average price is $102.42 and its two-hundred day moving average price is $101.24. ConocoPhillips has a twelve month low of $62.25 and a twelve month high of $124.08.

ConocoPhillips (NYSE:COPGet Rating) last posted its earnings results on Thursday, August 4th. The energy producer reported $3.91 EPS for the quarter, missing the consensus estimate of $3.95 by ($0.04). ConocoPhillips had a return on equity of 31.24% and a net margin of 23.10%. During the same quarter in the prior year, the company earned $1.27 earnings per share. On average, research analysts predict that ConocoPhillips will post 14.54 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently announced a None dividend, which was paid on Thursday, September 1st. Shareholders of record on Tuesday, August 16th were given a $1.40 dividend. The ex-dividend date was Thursday, September 29th. ConocoPhillips’s dividend payout ratio is 15.19%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on COP shares. Societe Generale boosted their target price on shares of ConocoPhillips to $127.00 in a report on Thursday, June 9th. Morgan Stanley boosted their target price on shares of ConocoPhillips from $117.00 to $118.00 and gave the stock an “overweight” rating in a report on Monday, August 29th. Mizuho dropped their target price on shares of ConocoPhillips from $148.00 to $138.00 and set a “buy” rating on the stock in a report on Thursday, August 18th. The Goldman Sachs Group dropped their target price on shares of ConocoPhillips from $140.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, June 22nd. Finally, Barclays boosted their target price on shares of ConocoPhillips from $142.00 to $153.00 and gave the stock an “overweight” rating in a report on Wednesday, August 31st. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, ConocoPhillips currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.79.

Insiders Place Their Bets

In other ConocoPhillips news, EVP Nicholas G. Olds sold 10,950 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $116.52, for a total value of $1,275,894.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.08% of the company’s stock.

ConocoPhillips Profile

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ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. It primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. 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 conventional and unconventional exploration prospects.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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