Financial Architects Inc Boosts Holdings in ConocoPhillips (COP)

Financial Architects Inc raised its stake in ConocoPhillips (NYSE:COP) by 20.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,195 shares of the energy producer’s stock after acquiring an additional 868 shares during the quarter. Financial Architects Inc’s holdings in ConocoPhillips were worth $402,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Abbrea Capital LLC grew its position in shares of ConocoPhillips by 4.6% during the 2nd quarter. Abbrea Capital LLC now owns 16,086 shares of the energy producer’s stock worth $1,120,000 after buying an additional 705 shares during the period. BKD Wealth Advisors LLC boosted its stake in ConocoPhillips by 1.0% during the 3rd quarter. BKD Wealth Advisors LLC now owns 69,862 shares of the energy producer’s stock worth $5,407,000 after acquiring an additional 725 shares during the last quarter. Augustine Asset Management Inc. boosted its stake in ConocoPhillips by 1.9% during the 2nd quarter. Augustine Asset Management Inc. now owns 38,754 shares of the energy producer’s stock worth $2,698,000 after acquiring an additional 726 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in ConocoPhillips by 0.5% during the 2nd quarter. Mutual of America Capital Management LLC now owns 151,049 shares of the energy producer’s stock worth $10,516,000 after acquiring an additional 741 shares during the last quarter. Finally, HPM Partners LLC boosted its stake in ConocoPhillips by 4.3% during the 2nd quarter. HPM Partners LLC now owns 17,804 shares of the energy producer’s stock worth $1,240,000 after acquiring an additional 742 shares during the last quarter. Hedge funds and other institutional investors own 71.67% of the company’s stock.

Shares of COP opened at $67.35 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.58 and a current ratio of 1.75. ConocoPhillips has a twelve month low of $48.97 and a twelve month high of $80.24. The company has a market capitalization of $79.58 billion, a price-to-earnings ratio of 112.25, a P/E/G ratio of 1.60 and a beta of 1.23.



ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, October 25th. The energy producer reported $1.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.19. ConocoPhillips had a net margin of 16.08% and a return on equity of 14.76%. The firm had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.48 billion. Analysts anticipate that ConocoPhillips will post 4.75 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Monday, October 15th will be paid a $0.305 dividend. The ex-dividend date of this dividend is Friday, October 12th. This represents a $1.22 dividend on an annualized basis and a yield of 1.81%. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.29. ConocoPhillips’s payout ratio is presently 203.33%.

ConocoPhillips announced that its Board of Directors has approved a share buyback program on Thursday, July 12th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the energy producer to reacquire up to 10.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Several research analysts recently weighed in on the stock. Zacks Investment Research raised shares of ConocoPhillips from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a research note on Thursday, August 23rd. ValuEngine lowered shares of ConocoPhillips from a “buy” rating to a “hold” rating in a research note on Tuesday, October 23rd. Mizuho reissued a “hold” rating and set a $82.00 price objective on shares of ConocoPhillips in a research note on Monday, October 22nd. Barclays lifted their price objective on shares of ConocoPhillips from $78.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 11th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of ConocoPhillips from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, July 27th. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $75.53.

In other ConocoPhillips news, Chairman Ryan Michael Lance sold 160,064 shares of ConocoPhillips stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $72.07, for a total value of $11,535,812.48. Following the transaction, the chairman now owns 106,312 shares of the company’s stock, valued at $7,661,905.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Glenda Mae Schwarz sold 18,882 shares of ConocoPhillips stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $71.15, for a total transaction of $1,343,454.30. Following the completion of the transaction, the vice president now directly owns 29,064 shares in the company, valued at approximately $2,067,903.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 288,378 shares of company stock worth $20,769,145. Insiders own 0.88% of the company’s stock.

About ConocoPhillips

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. Its portfolio includes North American tight oil and oil sands assets in Canada; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; and an inventory of conventional and unconventional exploration prospects.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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