Cwm LLC Purchases 9,974 Shares of ConocoPhillips $COP

Cwm LLC increased its position in shares of ConocoPhillips (NYSE:COP) by 11.6% during the 3rd quarter, Holdings Channel reports. The firm owned 96,028 shares of the energy producer’s stock after purchasing an additional 9,974 shares during the quarter. Cwm LLC’s holdings in ConocoPhillips were worth $9,083,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Heartland Bank & Trust Co boosted its stake in shares of ConocoPhillips by 97.2% during the second quarter. Heartland Bank & Trust Co now owns 6,861 shares of the energy producer’s stock valued at $616,000 after purchasing an additional 3,381 shares during the period. Everpar Advisors LLC boosted its position in ConocoPhillips by 138.7% during the 2nd quarter. Everpar Advisors LLC now owns 10,413 shares of the energy producer’s stock valued at $934,000 after buying an additional 6,051 shares during the period. StoneX Group Inc. grew its holdings in ConocoPhillips by 510.5% in the 2nd quarter. StoneX Group Inc. now owns 29,285 shares of the energy producer’s stock worth $2,628,000 after acquiring an additional 24,488 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in ConocoPhillips by 17.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 154,360 shares of the energy producer’s stock worth $13,927,000 after acquiring an additional 22,827 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of ConocoPhillips by 2.4% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,395,546 shares of the energy producer’s stock valued at $304,716,000 after acquiring an additional 78,642 shares during the period. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on COP shares. Raymond James Financial cut their target price on ConocoPhillips from $117.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, September 8th. Royal Bank Of Canada lifted their price objective on ConocoPhillips from $113.00 to $118.00 and gave the stock an “outperform” rating in a research report on Monday, October 13th. BMO Capital Markets decreased their target price on ConocoPhillips from $110.00 to $105.00 and set an “outperform” rating for the company in a report on Monday, December 15th. Wells Fargo & Company started coverage on shares of ConocoPhillips in a report on Friday, October 17th. They issued an “equal weight” rating and a $100.00 price target on the stock. Finally, Susquehanna decreased their price objective on shares of ConocoPhillips to $113.00 and set a “positive” rating for the company in a report on Monday, October 20th. Nineteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.08.

Insider Activity at ConocoPhillips

In related news, Director William H. Mcraven acquired 5,768 shares of the stock in a transaction on Monday, November 10th. The stock was acquired at an average price of $86.68 per share, for a total transaction of $499,970.24. Following the completion of the purchase, the director owned 5,768 shares of the company’s stock, valued at $499,970.24. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Michael Lance sold 500,708 shares of the business’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $92.50, for a total value of $46,315,490.00. Following the completion of the sale, the chief executive officer directly owned 325,972 shares in the company, valued at $30,152,410. This trade represents a 60.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.24% of the stock is currently owned by company insiders.

ConocoPhillips Stock Performance

Shares of ConocoPhillips stock opened at $92.54 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 1.18 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $114.35 billion, a P/E ratio of 13.09, a P/E/G ratio of 2.07 and a beta of 0.32. The business has a fifty day simple moving average of $90.16 and a two-hundred day simple moving average of $92.50. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $106.20.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, November 6th. The energy producer reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.20. ConocoPhillips had a net margin of 14.25% and a return on equity of 13.64%. The firm had revenue of $15.03 billion for the quarter, compared to the consensus estimate of $14.51 billion. During the same period in the prior year, the firm earned $1.78 EPS. The company’s revenue was up 14.1% compared to the same quarter last year. On average, equities analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were paid a dividend of $0.84 per share. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.78. This represents a $3.36 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, November 17th. ConocoPhillips’s payout ratio is 47.52%.

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.