1 week Ago By ABMN Staff
Caprock Group LLC lifted its holdings in shares of ConocoPhillips ( NYSE:COP – Free Report ) by 251.1% in the second quarter, HoldingsChannel.com reports.
The fund owned 29,261 shares of the energy producer’s stock after acquiring an additional 20,927 shares during the period. Caprock Group LLC’s holdings in ConocoPhillips were worth $3,347,000 as of its most recent filing with the Securities and Exchange Commission. Other institutional investors and hedge funds also recently modified their holdings of the company.
Sachetta LLC purchased a new stake in ConocoPhillips in the fourth quarter worth $27,000. Cooksen Wealth LLC purchased a new stake in ConocoPhillips in the fourth quarter worth $27,000. Cape Investment Advisory Inc.
increased its position in ConocoPhillips by 96.0% in the fourth quarter. Cape Investment Advisory Inc.
now owns 247 shares of the energy producer’s stock worth $29,000 after buying an additional 121 shares during the last quarter. Stephens Consulting LLC increased its position in ConocoPhillips by 69.3% in the second quarter.
Stephens Consulting LLC now owns 254 shares of the energy producer’s stock worth $29,000 after buying an additional 104 shares during the last quarter. Finally, Richardson Capital Management LLC purchased a new stake in ConocoPhillips in the first quarter worth $31,000. 82.
36% of the stock is owned by hedge funds and other institutional investors. ConocoPhillips Price Performance NYSE:COP opened at $106.02 on Monday.
The firm has a market capitalization of $123.12 billion, a price-to-earnings ratio of 12.01, a P/E/G ratio of 0.
80 and a beta of 1.22. ConocoPhillips has a 52-week low of $102.
27 and a 52-week high of $135.18. The stock has a fifty day moving average of $111.
20 and a 200 day moving average of $117.02. The company has a debt-to-equity ratio of 0.
34, a quick ratio of 1.19 and a current ratio of 1.33.
ConocoPhillips Cuts Dividend The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 12th were paid a dividend of $0.58 per share.
This represents a $2.32 annualized dividend and a yield of 2.19%.
The ex-dividend date of this dividend was Monday, August 12th. ConocoPhillips’s dividend payout ratio (DPR) is currently 26.27%.
Insiders Place Their Bets In other ConocoPhillips news, Director Timothy A. Leach sold 55,500 shares of ConocoPhillips stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $108.
11, for a total transaction of $6,000,105.00. Following the completion of the sale, the director now owns 455,909 shares of the company’s stock, valued at $49,288,321.
99. The sale was disclosed in a filing with the SEC, which is available at the SEC website . Corporate insiders own 0.
34% of the company’s stock. Analyst Ratings Changes A number of analysts have issued reports on the company. Wells Fargo & Company decreased their target price on ConocoPhillips from $151.
00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. UBS Group raised their target price on ConocoPhillips from $151.
00 to $153.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Wolfe Research assumed coverage on ConocoPhillips in a research report on Thursday, July 18th.
They issued an “outperform” rating and a $145.00 target price for the company. Mizuho reduced their price target on ConocoPhillips from $142.
00 to $132.00 and set a “neutral” rating for the company in a research report on Wednesday, June 5th. Finally, Bank of America reiterated a “buy” rating and issued a $147.
00 price target on shares of ConocoPhillips in a research report on Friday, June 14th. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.
com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $143.24. View Our Latest Analysis on ConocoPhillips ConocoPhillips Company Profile ( Free Report ) ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally.
The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects. Featured Articles 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 – Free Report ).
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