Talbot Financial LLC Acquires 3,225 Shares of ConocoPhillips (NYSE:COP)

Talbot Financial LLC boosted its holdings in ConocoPhillips (NYSE:COP) by 6.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 51,503 shares of the energy producer’s stock after purchasing an additional 3,225 shares during the period. Talbot Financial LLC’s holdings in ConocoPhillips were worth $5,422,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Cooksen Wealth LLC acquired a new position in ConocoPhillips during the 4th quarter valued at $27,000. Stephens Consulting LLC raised its position in shares of ConocoPhillips by 69.3% during the second quarter. Stephens Consulting LLC now owns 254 shares of the energy producer’s stock valued at $29,000 after buying an additional 104 shares during the last quarter. Richardson Capital Management LLC bought a new stake in shares of ConocoPhillips in the first quarter valued at about $31,000. Northwest Bank & Trust Co acquired a new stake in ConocoPhillips during the fourth quarter worth about $32,000. Finally, Ruedi Wealth Management Inc. increased its stake in ConocoPhillips by 150.0% during the first quarter. Ruedi Wealth Management Inc. now owns 250 shares of the energy producer’s stock valued at $32,000 after acquiring an additional 150 shares during the period. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at ConocoPhillips

In other ConocoPhillips news, Director Timothy A. Leach sold 55,500 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $108.11, for a total value of $6,000,105.00. Following the sale, the director now directly owns 455,909 shares in the company, valued at approximately $49,288,321.99. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on COP shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $140.00 price objective on shares of ConocoPhillips in a research report on Friday, September 13th. Barclays lowered their price target on shares of ConocoPhillips from $156.00 to $135.00 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Sanford C. Bernstein dropped their price objective on shares of ConocoPhillips from $147.00 to $132.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Scotiabank decreased their target price on shares of ConocoPhillips from $135.00 to $120.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Finally, UBS Group lowered their target price on shares of ConocoPhillips from $153.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Five 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 stock. According to MarketBeat, ConocoPhillips currently has an average rating of “Moderate Buy” and an average target price of $138.29.

ConocoPhillips Stock Down 3.4 %

NYSE COP opened at $110.80 on Wednesday. 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 has a 52 week low of $101.29 and a 52 week high of $135.18. The stock has a market capitalization of $129.58 billion, a P/E ratio of 12.55, a price-to-earnings-growth ratio of 0.87 and a beta of 1.21. The stock has a fifty day moving average of $108.88 and a 200-day moving average of $115.88.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, August 1st. The energy producer reported $1.98 EPS for the quarter, beating the consensus estimate of $1.96 by $0.02. ConocoPhillips had a net margin of 18.18% and a return on equity of 20.81%. The company had revenue of $14.14 billion during the quarter, compared to analysts’ expectations of $14.96 billion. During the same quarter in the previous year, the company posted $1.84 EPS. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, equities research analysts forecast that ConocoPhillips will post 8.02 EPS for the current year.

ConocoPhillips Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors 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 2.09%. The ex-dividend date of this dividend was Monday, August 12th. ConocoPhillips’s payout ratio is 26.27%.

ConocoPhillips Company Profile

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.