Voya Investment Management LLC Has $57.18 Million Holdings in ConocoPhillips $COP

Voya Investment Management LLC lessened its holdings in ConocoPhillips (NYSE:COP) by 4.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 544,496 shares of the energy producer’s stock after selling 26,426 shares during the period. Voya Investment Management LLC’s holdings in ConocoPhillips were worth $57,183,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 10Elms LLP acquired a new stake in shares of ConocoPhillips in the 4th quarter worth about $28,000. Financial Network Wealth Advisors LLC raised its holdings in shares of ConocoPhillips by 341.5% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 287 shares of the energy producer’s stock worth $30,000 after acquiring an additional 222 shares during the last quarter. Stone House Investment Management LLC acquired a new stake in shares of ConocoPhillips in the 1st quarter worth about $31,000. Garde Capital Inc. acquired a new stake in shares of ConocoPhillips in the 1st quarter worth about $35,000. Finally, IMA Advisory Services Inc. acquired a new stake in shares of ConocoPhillips in the 1st quarter worth about $37,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

Insider Buying and Selling at ConocoPhillips

In related news, EVP Kirk L. Johnson bought 5,300 shares of ConocoPhillips stock in a transaction dated Monday, June 16th. The stock was purchased at an average cost of $94.24 per share, with a total value of $499,472.00. Following the transaction, the executive vice president directly owned 14,527 shares of the company’s stock, valued at approximately $1,369,024.48. The trade was a 57.44% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.24% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on COP shares. Melius Research started coverage on shares of ConocoPhillips in a report on Wednesday, August 20th. They issued a “hold” rating and a $117.00 target price on the stock. Royal Bank Of Canada reduced their price objective on shares of ConocoPhillips from $115.00 to $113.00 and set an “outperform” rating for the company in a research report on Friday, July 11th. Scotiabank upped their price objective on shares of ConocoPhillips from $95.00 to $100.00 and gave the stock a “sector perform” rating in a research report on Friday, July 11th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $117.00 price objective (up from $113.00) on shares of ConocoPhillips in a research report on Thursday, June 26th. Finally, Wall Street Zen downgraded shares of ConocoPhillips from a “hold” rating to a “sell” rating in a research report on Friday, August 22nd. Sixteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.86.

ConocoPhillips Stock Down 1.6%

ConocoPhillips stock opened at $92.60 on Friday. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $116.08. The firm has a 50 day moving average price of $94.75 and a 200-day moving average price of $92.98. The company has a market capitalization of $115.65 billion, a P/E ratio of 12.43, a P/E/G ratio of 2.48 and a beta of 0.69. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.35.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, August 7th. The energy producer reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.06. ConocoPhillips had a net margin of 15.26% and a return on equity of 14.60%. The firm had revenue of $14.94 billion during the quarter, compared to the consensus estimate of $14.39 billion. During the same period in the prior year, the firm earned $1.98 EPS. The company’s revenue was up 4.3% compared to the same quarter last year. As a group, equities analysts predict that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, August 18th. ConocoPhillips’s dividend payout ratio is currently 41.88%.

ConocoPhillips Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.