ConocoPhillips (NYSE:COP) Shares Acquired by Syon Capital LLC

Syon Capital LLC lifted its position in shares of ConocoPhillips (NYSE:COP) by 38.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 26,139 shares of the energy producer’s stock after acquiring an additional 7,260 shares during the period. Syon Capital LLC’s holdings in ConocoPhillips were worth $3,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Atomi Financial Group Inc. purchased a new position in shares of ConocoPhillips during the 3rd quarter worth $266,000. Manchester Capital Management LLC raised its holdings in shares of ConocoPhillips by 255.9% during the 3rd quarter. Manchester Capital Management LLC now owns 420 shares of the energy producer’s stock worth $50,000 after acquiring an additional 302 shares during the period. Truepoint Inc. purchased a new position in shares of ConocoPhillips during the 3rd quarter worth $245,000. Oliver Lagore Vanvalin Investment Group raised its holdings in shares of ConocoPhillips by 63.1% during the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 287 shares of the energy producer’s stock worth $34,000 after acquiring an additional 111 shares during the period. Finally, Loomis Sayles & Co. L P raised its holdings in shares of ConocoPhillips by 460.2% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,633 shares of the energy producer’s stock worth $315,000 after acquiring an additional 2,163 shares during the period. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Stock Down 1.4 %

ConocoPhillips stock traded down $1.50 during trading on Friday, reaching $109.39. The stock had a trading volume of 5,690,366 shares, compared to its average volume of 5,835,485. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.35. ConocoPhillips has a 52-week low of $99.35 and a 52-week high of $135.18. The stock has a market cap of $127.93 billion, a PE ratio of 12.39, a P/E/G ratio of 2.45 and a beta of 1.22. The business has a 50 day moving average price of $121.97 and a 200 day moving average price of $117.62.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, May 2nd. The energy producer reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.04. The business had revenue of $14.48 billion during the quarter, compared to analysts’ expectations of $14.72 billion. ConocoPhillips had a net margin of 18.40% and a return on equity of 20.85%. On average, analysts predict that ConocoPhillips will post 8.93 EPS for the current year.

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 13th were given a dividend of $0.78 per share. The ex-dividend date was Friday, May 10th. This represents a $3.12 annualized dividend and a dividend yield of 2.85%. ConocoPhillips’s dividend payout ratio is currently 26.27%.

Insider Activity

In related news, EVP Nicholas G. Olds sold 12,150 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $126.44, for a total transaction of $1,536,246.00. Following the completion of the sale, the executive vice president now owns 14,522 shares in the company, valued at $1,836,161.68. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Ryan Michael Lance sold 607,000 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $125.91, for a total transaction of $76,427,370.00. Following the completion of the sale, the chief executive officer now owns 6,780 shares in the company, valued at $853,669.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Nicholas G. Olds sold 12,150 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $126.44, for a total value of $1,536,246.00. Following the completion of the sale, the executive vice president now owns 14,522 shares of the company’s stock, valued at approximately $1,836,161.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 664,350 shares of company stock worth $83,537,680. 0.34% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. StockNews.com upgraded ConocoPhillips from a “hold” rating to a “buy” rating in a report on Wednesday. Raymond James restated a “strong-buy” rating and issued a $159.00 price objective (up from $155.00) on shares of ConocoPhillips in a report on Thursday, May 30th. Scotiabank boosted their price objective on shares of ConocoPhillips from $120.00 to $135.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Wells Fargo & Company boosted their price objective on shares of ConocoPhillips from $149.00 to $151.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Finally, Mizuho reduced their price objective on shares of ConocoPhillips from $142.00 to $132.00 and set a “neutral” rating on the stock in a report on Wednesday, June 5th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $144.18.

ConocoPhillips Company 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.