ConocoPhillips (NYSE:COP) Shares Sold by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC decreased its holdings in ConocoPhillips (NYSE:COP) by 3.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,700 shares of the energy producer’s stock after selling 634 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in ConocoPhillips were worth $2,179,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Point72 Europe London LLP purchased a new position in shares of ConocoPhillips in the 4th quarter valued at approximately $1,752,000. LM Advisors LLC purchased a new position in shares of ConocoPhillips in the fourth quarter worth $307,000. Chilton Investment Co. Inc. lifted its stake in shares of ConocoPhillips by 4.5% during the fourth quarter. Chilton Investment Co. Inc. now owns 3,536 shares of the energy producer’s stock worth $410,000 after buying an additional 152 shares during the period. Barden Capital Management Inc. grew its holdings in shares of ConocoPhillips by 17.6% during the fourth quarter. Barden Capital Management Inc. now owns 12,401 shares of the energy producer’s stock valued at $1,475,000 after buying an additional 1,853 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT increased its position in shares of ConocoPhillips by 3.3% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 590,744 shares of the energy producer’s stock valued at $68,568,000 after acquiring an additional 18,800 shares during the period. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Timothy A. Leach sold 55,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $108.11, for a total value of $6,000,105.00. Following the transaction, the director now owns 455,909 shares in the company, valued at $49,288,321.99. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.34% of the stock is currently owned by insiders.

ConocoPhillips Stock Up 0.2 %

ConocoPhillips stock opened at $110.98 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.33 and a quick ratio of 1.19. The stock has a market capitalization of $129.79 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 0.87 and a beta of 1.21. The business has a 50 day simple moving average of $108.90 and a 200-day simple moving average of $115.79. ConocoPhillips has a 12 month low of $101.29 and a 12 month high of $135.18.

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

ConocoPhillips Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 12th were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend was Monday, August 12th. ConocoPhillips’s dividend payout ratio is presently 26.27%.

Wall Street Analyst Weigh In

Several research firms have weighed in on COP. BMO Capital Markets boosted their price target on ConocoPhillips from $123.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Mizuho cut their price target on shares of ConocoPhillips from $132.00 to $129.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. UBS Group decreased their price objective on shares of ConocoPhillips from $153.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Sanford C. Bernstein cut their price objective on shares of ConocoPhillips from $147.00 to $132.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Finally, StockNews.com downgraded shares of ConocoPhillips from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $138.29.

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.