Bradley Foster & Sargent Inc. CT Sells 5,119 Shares of ConocoPhillips $COP

Bradley Foster & Sargent Inc. CT trimmed its position in ConocoPhillips (NYSE:COP) by 0.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 632,239 shares of the energy producer’s stock after selling 5,119 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in ConocoPhillips were worth $59,803,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Howard Hughes Medical Institute bought a new stake in ConocoPhillips during the second quarter valued at approximately $25,000. Cloud Capital Management LLC purchased a new position in shares of ConocoPhillips during the 3rd quarter worth $26,000. Cedar Mountain Advisors LLC grew its position in shares of ConocoPhillips by 58.0% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 316 shares of the energy producer’s stock valued at $30,000 after acquiring an additional 116 shares during the period. BNP Paribas purchased a new stake in shares of ConocoPhillips in the 2nd quarter worth $33,000. Finally, Bfsg LLC purchased a new stake in shares of ConocoPhillips in the 3rd quarter worth $36,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Insider Activity at ConocoPhillips

In related news, CEO Ryan Michael Lance sold 500,708 shares of the firm’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $92.50, for a total value of $46,315,490.00. Following the completion of the transaction, the chief executive officer directly owned 325,972 shares of the company’s stock, valued at approximately $30,152,410. This trade represents a 60.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

ConocoPhillips Stock Performance

Shares of NYSE COP opened at $110.64 on Wednesday. The company has a market cap of $136.71 billion, a P/E ratio of 17.45, a P/E/G ratio of 2.79 and a beta of 0.32. ConocoPhillips has a 52-week low of $79.88 and a 52-week high of $113.80. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.14 and a current ratio of 1.30. The firm’s fifty day moving average is $100.60 and its two-hundred day moving average is $95.03.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, February 5th. The energy producer reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.21). The firm had revenue of $13.86 billion during the quarter, compared to the consensus estimate of $14.35 billion. ConocoPhillips had a return on equity of 11.90% and a net margin of 12.98%.The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period last year, the firm posted $1.98 earnings per share. As a group, analysts anticipate that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Wednesday, February 18th will be issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, February 18th. ConocoPhillips’s dividend payout ratio is 53.00%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of ConocoPhillips in a research report on Monday, December 29th. Mizuho raised their price objective on ConocoPhillips from $120.00 to $121.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Capital One Financial boosted their price objective on ConocoPhillips from $111.00 to $116.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 20th. UBS Group reissued a “buy” rating and issued a $130.00 target price on shares of ConocoPhillips in a report on Monday, February 9th. Finally, Wells Fargo & Company lifted their price target on shares of ConocoPhillips from $132.00 to $133.00 and gave the company an “overweight” rating in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $115.92.

ConocoPhillips Company 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.