Capital International Sarl Purchases 5,036 Shares of ConocoPhillips $COP

Capital International Sarl grew its position in ConocoPhillips (NYSE:COP) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,353 shares of the energy producer’s stock after acquiring an additional 5,036 shares during the period. Capital International Sarl’s holdings in ConocoPhillips were worth $11,453,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Strive Asset Management LLC bought a new position in shares of ConocoPhillips in the 3rd quarter valued at about $28,000. Board of the Pension Protection Fund bought a new position in shares of ConocoPhillips in the 4th quarter valued at about $28,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of ConocoPhillips in the 3rd quarter valued at about $28,000. Optima Capital LLC bought a new position in shares of ConocoPhillips in the 4th quarter valued at about $34,000. Finally, BNP Paribas bought a new position in shares of ConocoPhillips in the 2nd quarter valued at about $33,000. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Stock Down 1.8%

COP stock opened at $117.10 on Friday. 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 firm has a market capitalization of $142.66 billion, a PE ratio of 19.88, a PEG ratio of 1.30 and a beta of 0.11. ConocoPhillips has a 1-year low of $85.57 and a 1-year high of $135.87. The business’s 50 day simple moving average is $122.08 and its 200 day simple moving average is $109.43.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, April 30th. The energy producer reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.17. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The firm had revenue of $15.76 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same period in the prior year, the firm posted $2.09 EPS. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. As a group, research analysts anticipate that ConocoPhillips will post 10.03 EPS for the current year.

ConocoPhillips Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 11th were issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Monday, May 11th. ConocoPhillips’s dividend payout ratio is currently 57.05%.

Insider Transactions at ConocoPhillips

In other ConocoPhillips news, SVP Heather G. Hrap sold 2,654 shares of the company’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $119.68, for a total value of $317,630.72. Following the transaction, the senior vice president directly owned 5,663 shares of the company’s stock, valued at $677,747.84. This represents a 31.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Kelly Brunetti Rose sold 8,500 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $118.04, for a total value of $1,003,340.00. Following the completion of the transaction, the senior vice president directly owned 32,984 shares in the company, valued at approximately $3,893,431.36. This 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 quarter, insiders sold 694,891 shares of company stock worth $88,594,092. 0.09% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on COP. BMO Capital Markets decreased their target price on ConocoPhillips from $140.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, May 13th. Jefferies Financial Group boosted their target price on ConocoPhillips from $160.00 to $161.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Royal Bank Of Canada boosted their target price on ConocoPhillips from $118.00 to $152.00 and gave the stock an “outperform” rating in a report on Wednesday, April 8th. Roth Mkm lowered ConocoPhillips from a “buy” rating to a “neutral” rating and set a $112.00 target price on the stock. in a report on Tuesday, February 17th. Finally, UBS Group boosted their target price on ConocoPhillips from $130.00 to $144.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Seventeen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, ConocoPhillips currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.48.

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.