4,468 Shares in ConocoPhillips $COP Acquired by Expressive Wealth LLC

Expressive Wealth LLC bought a new stake in shares of ConocoPhillips (NYSE:COP) in the fourth quarter, HoldingsChannel.com reports. The firm bought 4,468 shares of the energy producer’s stock, valued at approximately $418,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Duncan Williams Asset Management LLC boosted its stake in shares of ConocoPhillips by 4.4% during the fourth quarter. Duncan Williams Asset Management LLC now owns 2,370 shares of the energy producer’s stock worth $222,000 after buying an additional 100 shares during the period. Wedge Capital Management L L P NC lifted its position in ConocoPhillips by 4.1% in the fourth quarter. Wedge Capital Management L L P NC now owns 2,570 shares of the energy producer’s stock valued at $241,000 after purchasing an additional 101 shares during the period. Strategic Blueprint LLC lifted its position in ConocoPhillips by 1.3% in the fourth quarter. Strategic Blueprint LLC now owns 8,018 shares of the energy producer’s stock valued at $751,000 after purchasing an additional 101 shares during the period. Chesapeake Wealth Management lifted its position in ConocoPhillips by 1.5% in the fourth quarter. Chesapeake Wealth Management now owns 7,160 shares of the energy producer’s stock valued at $670,000 after purchasing an additional 103 shares during the period. Finally, Oregon Pacific Wealth Management LLC lifted its position in ConocoPhillips by 4.5% in the fourth quarter. Oregon Pacific Wealth Management LLC now owns 2,414 shares of the energy producer’s stock valued at $226,000 after purchasing an additional 104 shares during the period. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

ConocoPhillips Trading Down 3.1%

Shares of ConocoPhillips stock opened at $116.69 on Wednesday. ConocoPhillips has a 12-month low of $84.28 and a 12-month high of $135.87. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.34. The stock has a market cap of $142.16 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 1.35 and a beta of 0.14. The company has a 50-day moving average of $123.57 and a two-hundred day moving average of $108.02.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.17. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The company had revenue of $15.76 billion during the quarter, compared to analysts’ expectations of $15.62 billion. During the same period last year, the company posted $2.09 earnings per share. The firm’s quarterly revenue was down 6.1% compared to the same quarter last year. On average, research analysts anticipate that ConocoPhillips will post 9.92 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 11th will be paid a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, May 11th. ConocoPhillips’s dividend payout ratio (DPR) is 57.05%.

Insider Buying and Selling at ConocoPhillips

In other news, Director Timothy A. Leach sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $118.79, for a total transaction of $4,751,600.00. Following the completion of the transaction, the director directly owned 411,211 shares of the company’s stock, valued at $48,847,754.69. This trade represents a 8.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Kelly Brunetti Rose sold 8,500 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $118.04, for a total transaction of $1,003,340.00. Following the transaction, the senior vice president directly owned 32,984 shares of the company’s stock, valued at approximately $3,893,431.36. This trade represents a 20.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 734,891 shares of company stock worth $93,345,692. 0.09% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on COP. Raymond James Financial raised their price objective on shares of ConocoPhillips from $118.00 to $145.00 and gave the company an “outperform” rating in a research report on Monday, April 27th. Capital One Financial reduced their price objective on shares of ConocoPhillips from $156.00 to $154.00 and set an “equal weight” rating for the company in a research report on Monday, May 18th. Barclays raised their price objective on shares of ConocoPhillips from $136.00 to $155.00 and gave the company an “overweight” rating in a research report on Tuesday. Wolfe Research raised their price objective on shares of ConocoPhillips from $138.00 to $144.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Finally, BMO Capital Markets reduced their price objective on shares of ConocoPhillips from $140.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, ConocoPhillips has an average rating of “Moderate Buy” and a consensus price target of $134.04.

About ConocoPhillips

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.