ConocoPhillips (NYSE:COP) Director Charles E. Bunch purchased 2,000 shares of the stock in a transaction dated Monday, December 11th. The shares were acquired at an average price of $52.06 per share, for a total transaction of $104,120.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of ConocoPhillips (NYSE:COP) traded up $0.12 during trading hours on Monday, hitting $51.69. The company’s stock had a trading volume of 4,000,264 shares, compared to its average volume of 7,095,616. ConocoPhillips has a 12 month low of $42.26 and a 12 month high of $54.22. The firm has a market capitalization of $61,800.00, a PE ratio of 2,578.50, a P/E/G ratio of 12.67 and a beta of 1.26. The company has a quick ratio of 2.23, a current ratio of 2.38 and a debt-to-equity ratio of 0.64.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, October 26th. The energy producer reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.08. ConocoPhillips had a positive return on equity of 0.12% and a negative net margin of 7.32%. The company had revenue of $7.20 billion during the quarter, compared to analysts’ expectations of $6.55 billion. During the same quarter in the previous year, the firm earned ($0.66) earnings per share. equities analysts forecast that ConocoPhillips will post 0.54 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, October 16th were given a $0.265 dividend. The ex-dividend date was Friday, October 13th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.05%. ConocoPhillips’s dividend payout ratio is currently -53.27%.

A number of research analysts have recently weighed in on COP shares. Royal Bank of Canada lifted their price target on ConocoPhillips from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, November 9th. BidaskClub downgraded ConocoPhillips from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Morgan Stanley lifted their price target on ConocoPhillips from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, October 18th. Barclays lifted their price target on ConocoPhillips from $55.00 to $59.00 and gave the company an “overweight” rating in a report on Friday, October 27th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $52.00 price target on shares of ConocoPhillips in a report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $55.59.

Several large investors have recently made changes to their positions in the business. Prudential Financial Inc. raised its holdings in ConocoPhillips by 1.9% in the 1st quarter. Prudential Financial Inc. now owns 5,143,375 shares of the energy producer’s stock valued at $256,500,000 after acquiring an additional 93,430 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of ConocoPhillips by 19.5% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,428,758 shares of the energy producer’s stock valued at $71,252,000 after purchasing an additional 232,700 shares during the period. Stifel Financial Corp grew its stake in shares of ConocoPhillips by 1.8% in the 1st quarter. Stifel Financial Corp now owns 721,784 shares of the energy producer’s stock valued at $35,857,000 after purchasing an additional 12,423 shares during the period. Berkeley Capital Partners LLC grew its stake in shares of ConocoPhillips by 1.8% in the 1st quarter. Berkeley Capital Partners LLC now owns 7,293 shares of the energy producer’s stock valued at $364,000 after purchasing an additional 132 shares during the period. Finally, Clinton Group Inc. bought a new stake in ConocoPhillips during the 1st quarter worth approximately $2,359,000. 69.87% of the stock is owned by institutional investors.

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About ConocoPhillips

ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through five segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.

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