Foundations Investment Advisors LLC Grows Position in ConocoPhillips $COP

Foundations Investment Advisors LLC boosted its stake in ConocoPhillips (NYSE:COP) by 64.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,179 shares of the energy producer’s stock after purchasing an additional 8,286 shares during the quarter. Foundations Investment Advisors LLC’s holdings in ConocoPhillips were worth $1,983,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Cloud Capital Management LLC purchased a new stake in ConocoPhillips in the third quarter valued at approximately $26,000. Strive Asset Management LLC purchased a new stake in ConocoPhillips in the third quarter valued at approximately $28,000. Board of the Pension Protection Fund purchased a new stake in ConocoPhillips in the fourth quarter valued at approximately $28,000. KERR FINANCIAL PLANNING Corp purchased a new stake in ConocoPhillips during the third quarter valued at about $28,000. Finally, Optima Capital LLC purchased a new stake in ConocoPhillips during the fourth quarter valued at about $34,000. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on COP. The Goldman Sachs Group boosted their price target on ConocoPhillips from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Susquehanna boosted their price target on ConocoPhillips from $149.00 to $152.00 in a research report on Friday, May 1st. Royal Bank Of Canada boosted their price target on ConocoPhillips from $118.00 to $152.00 and gave the company an “outperform” rating in a research report on Wednesday, April 8th. UBS Group boosted their price objective on shares of ConocoPhillips from $130.00 to $144.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Finally, Freedom Capital downgraded shares of ConocoPhillips from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Seventeen investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, ConocoPhillips has a consensus rating of “Moderate Buy” and a consensus price target of $134.60.

Insiders Place Their Bets

In other news, SVP Andrew D. Lundquist sold 34,500 shares of the company’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $119.68, for a total value of $4,128,960.00. Following the completion of the transaction, the senior vice president directly owned 17,469 shares in the company, valued at approximately $2,090,689.92. This represents a 66.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy A. Leach sold 40,000 shares of the company’s stock in a transaction 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 owned 411,211 shares of the company’s stock, valued at $48,847,754.69. This trade represents a 8.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 734,891 shares of company stock valued at $93,345,692. Corporate insiders own 0.09% of the company’s stock.

ConocoPhillips Price Performance

Shares of NYSE COP opened at $114.01 on Friday. ConocoPhillips has a 1-year low of $84.33 and a 1-year high of $135.87. The business has a 50-day moving average of $123.09 and a 200-day moving average of $108.46. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.29 and a quick ratio of 1.14. The company has a market capitalization of $138.90 billion, a price-to-earnings ratio of 19.36, a PEG ratio of 1.29 and a beta of 0.14.

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

ConocoPhillips Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 11th will be paid a $0.84 dividend. The ex-dividend date is Monday, May 11th. This represents a $3.36 annualized dividend and a dividend yield of 2.9%. ConocoPhillips’s dividend payout ratio is 57.05%.

ConocoPhillips Company Profile

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.