4,038 Shares of ConocoPhillips $COP Purchased by Neumann Capital Management LLC

Neumann Capital Management LLC bought a new stake in ConocoPhillips (NYSE:COP) during the third quarter, Holdings Channel.com reports. The institutional investor bought 4,038 shares of the energy producer’s stock, valued at approximately $505,000.

Other large investors also recently bought and sold shares of the company. State Street Corp increased its position in shares of ConocoPhillips by 73.2% during the second quarter. State Street Corp now owns 118,591,447 shares of the energy producer’s stock valued at $12,328,767,000 after acquiring an additional 50,116,727 shares during the last quarter. BlackRock Inc. raised its stake in shares of ConocoPhillips by 3.0% in the 2nd quarter. BlackRock Inc. now owns 93,886,457 shares of the energy producer’s stock valued at $9,760,436,000 after acquiring an additional 2,712,703 shares during the period. Wellington Management Group LLP raised its stake in shares of ConocoPhillips by 12.0% in the 2nd quarter. Wellington Management Group LLP now owns 15,072,154 shares of the energy producer’s stock valued at $1,566,901,000 after acquiring an additional 1,609,759 shares during the period. Invesco Ltd. lifted its holdings in shares of ConocoPhillips by 2.2% in the 4th quarter. Invesco Ltd. now owns 13,413,036 shares of the energy producer’s stock worth $1,255,594,000 after acquiring an additional 290,888 shares during the last quarter. Finally, Bank of America Corp DE acquired a new position in shares of ConocoPhillips in the 2nd quarter worth approximately $1,260,482,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on COP. Zacks Research raised shares of ConocoPhillips from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. Stifel Nicolaus initiated coverage on ConocoPhillips in a research report on Thursday, September 10th. They issued a “hold” rating and a $148.00 target price on the stock. Royal Bank Of Canada set a $130.00 target price on ConocoPhillips in a research report on Monday, June 22nd. Barclays decreased their price target on ConocoPhillips from $155.00 to $150.00 and set an “overweight” rating on the stock in a research note on Monday, August 17th. Finally, Mizuho decreased their price target on ConocoPhillips from $150.00 to $146.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $143.62.

Insider Activity at ConocoPhillips

In related news, SVP Andrew Lundquist sold 9,487 shares of ConocoPhillips stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $135.15, for a total value of $1,282,168.05. Following the completion of the transaction, the senior vice president owned 9,593 shares in the company, valued at approximately $1,296,493.95. The trade was a 49.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.09% of the company’s stock.

ConocoPhillips Stock Performance

Shares of ConocoPhillips stock opened at $141.66 on Friday. The stock has a market capitalization of $170.19 billion, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 1.46 and a beta of 0.24. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 1.39. The business has a 50-day moving average of $131.53 and a 200 day moving average of $122.27. ConocoPhillips has a 12 month low of $85.57 and a 12 month high of $143.13.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, August 6th. The energy producer reported $3.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.90 by $0.34. The company had revenue of $19.52 billion for the quarter, compared to analyst estimates of $18.79 billion. ConocoPhillips had a net margin of 14.22% and a return on equity of 14.72%. The business’s revenue for the quarter was up 32.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.42 earnings per share. As a group, sell-side analysts forecast that ConocoPhillips will post 10.84 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were paid a $0.84 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $3.36 annualized dividend and a dividend yield of 2.4%. ConocoPhillips’s dividend payout ratio (DPR) is presently 44.44%.

ConocoPhillips Company Profile

ConocoPhillips (NYSE:COP) is an independent exploration and production company engaged in finding, developing and producing crude oil, natural gas, natural gas liquids and liquefied natural gas. Unlike integrated energy companies, ConocoPhillips focuses primarily on upstream activities rather than refining and retail fuel operations.

The company has a diversified portfolio of assets in major producing regions, including the United States, Canada, Australia, Norway and Qatar. Its U.S. operations include oil and gas developments in Alaska and the Lower 48 states, while its international portfolio includes conventional and offshore projects.