Mutual Advisors LLC Grows Stock Holdings in ConocoPhillips (NYSE:COP)

Mutual Advisors LLC grew its holdings in shares of ConocoPhillips (NYSE:COP) by 3.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,739 shares of the energy producer’s stock after buying an additional 398 shares during the quarter. Mutual Advisors LLC’s holdings in ConocoPhillips were worth $1,434,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of COP. Jacobsen Capital Management boosted its stake in shares of ConocoPhillips by 5.4% in the third quarter. Jacobsen Capital Management now owns 2,169 shares of the energy producer’s stock valued at $228,000 after purchasing an additional 111 shares during the period. Fidelis Capital Partners LLC boosted its stake in shares of ConocoPhillips by 2.3% in the third quarter. Fidelis Capital Partners LLC now owns 31,674 shares of the energy producer’s stock valued at $3,310,000 after purchasing an additional 705 shares during the period. Valmark Advisers Inc. boosted its stake in shares of ConocoPhillips by 12.5% in the third quarter. Valmark Advisers Inc. now owns 5,289 shares of the energy producer’s stock valued at $557,000 after purchasing an additional 586 shares during the period. Diversify Advisory Services LLC boosted its stake in shares of ConocoPhillips by 754.9% in the third quarter. Diversify Advisory Services LLC now owns 23,587 shares of the energy producer’s stock valued at $2,477,000 after purchasing an additional 20,828 shares during the period. Finally, Cantor Fitzgerald Investment Advisors L.P. boosted its stake in ConocoPhillips by 0.8% during the 3rd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 176,753 shares of the energy producer’s stock valued at $18,609,000 after acquiring an additional 1,385 shares during the last quarter. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

COP has been the topic of a number of research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $140.00 price objective on shares of ConocoPhillips in a research note on Friday, September 13th. Barclays reduced their price objective on shares of ConocoPhillips from $156.00 to $135.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. UBS Group reduced their price objective 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. Susquehanna reduced their price objective on shares of ConocoPhillips from $147.00 to $144.00 and set a “positive” rating on the stock in a research note on Friday, October 18th. Finally, Sanford C. Bernstein reduced their price target on shares of ConocoPhillips from $147.00 to $132.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $136.94.

ConocoPhillips Stock Up 6.4 %

COP stock opened at $109.54 on Friday. The stock has a market cap of $127.20 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 0.85 and a beta of 1.21. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 0.34. The firm’s 50-day simple moving average is $108.01 and its 200 day simple moving average is $113.17. ConocoPhillips has a fifty-two week low of $101.29 and a fifty-two week high of $135.18.

ConocoPhillips (NYSE:COP) last released 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. The firm had revenue of $14.14 billion for the quarter, compared to analysts’ expectations of $14.96 billion. ConocoPhillips had a net margin of 18.18% and a return on equity of 20.81%. ConocoPhillips’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the company earned $1.84 EPS. As a group, sell-side analysts predict that ConocoPhillips will post 7.85 EPS for the current year.

ConocoPhillips Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 11th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.85%. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.58. ConocoPhillips’s payout ratio is currently 25.86%.

Insider Transactions at ConocoPhillips

In other news, Director Timothy A. Leach sold 55,500 shares of ConocoPhillips stock in a transaction that occurred 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 transaction, the director now owns 455,909 shares of the company’s stock, valued at $49,288,321.99. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.34% of the company’s stock.

About ConocoPhillips

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.