86,000 Shares in ConocoPhillips $COP Acquired by Moore Capital Management LP

Moore Capital Management LP bought a new position in shares of ConocoPhillips (NYSE:COP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 86,000 shares of the energy producer’s stock, valued at approximately $8,941,000.

Other hedge funds have also bought and sold shares of the company. Bank of America Corp DE acquired a new position in shares of ConocoPhillips in the second quarter valued at about $1,260,482,000. Primecap Management Co. CA acquired a new stake in shares of ConocoPhillips during the second quarter worth about $1,204,726,000. Legal & General Group Plc purchased a new stake in ConocoPhillips in the second quarter valued at approximately $716,151,000. Jupiter Topco LLC acquired a new position in ConocoPhillips in the 2nd quarter worth approximately $427,954,000. Finally, Capital International Investors raised its position in ConocoPhillips by 5.9% during the 4th quarter. Capital International Investors now owns 48,360,060 shares of the energy producer’s stock worth $4,527,230,000 after buying an additional 2,714,663 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Stock Up 0.1%

COP stock opened at $130.46 on Monday. ConocoPhillips has a one year low of $85.57 and a one year high of $135.88. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.54. The firm’s fifty day moving average is $117.42 and its 200 day moving average is $118.63. The firm has a market cap of $156.73 billion, a PE ratio of 17.26, a P/E/G ratio of 1.37 and a beta of 0.11.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, August 6th. The energy producer reported $3.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.90 by $0.34. ConocoPhillips had a net margin of 14.22% and a return on equity of 14.72%. The business had revenue of $19.52 billion during the quarter, compared to the consensus estimate of $18.79 billion. During the same quarter in the prior year, the firm posted $1.42 earnings per share. The company’s revenue was up 32.4% compared to the same quarter last year. On average, research analysts forecast that ConocoPhillips will post 10.55 EPS for the current year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be given a $0.84 dividend. The ex-dividend date is Monday, August 17th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.6%. ConocoPhillips’s payout ratio is 44.44%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on COP shares. Argus increased their price objective on shares of ConocoPhillips from $136.00 to $153.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Wells Fargo & Company boosted their target price on shares of ConocoPhillips from $183.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. BMO Capital Markets lowered their price target on shares of 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 increased their price target on ConocoPhillips from $160.00 to $161.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Finally, UBS Group boosted their price objective on ConocoPhillips from $143.00 to $153.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $140.29.

Insider Buying and Selling at ConocoPhillips

In other news, SVP Andrew D. Lundquist sold 9,487 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $135.15, for a total transaction of $1,282,168.05. Following the transaction, the senior vice president owned 9,593 shares in the company, valued at $1,296,493.95. This trade represents a 49.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.09% of the stock is currently owned by insiders.

ConocoPhillips 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.