Compound Planning Inc. Acquires 5,936 Shares of ConocoPhillips $COP

Compound Planning Inc. grew its holdings in ConocoPhillips (NYSE:COP) by 45.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,865 shares of the energy producer’s stock after purchasing an additional 5,936 shares during the quarter. Compound Planning Inc.’s holdings in ConocoPhillips were worth $1,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in COP. Howard Hughes Medical Institute acquired a new position in ConocoPhillips in the second quarter valued at approximately $25,000. Cloud Capital Management LLC bought a new stake in shares of ConocoPhillips in the 3rd quarter valued at $26,000. Cedar Mountain Advisors LLC lifted 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 bought a new position in ConocoPhillips during the second quarter worth $33,000. Finally, Bfsg LLC acquired a new stake in ConocoPhillips in the third quarter worth $36,000. Institutional investors and hedge funds 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 business’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 325,972 shares of the company’s stock, valued at approximately $30,152,410. The trade was a 60.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.24% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on COP. Wells Fargo & Company upped their price objective on shares of ConocoPhillips from $132.00 to $133.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Susquehanna upped their price target on ConocoPhillips from $115.00 to $121.00 and gave the stock a “positive” rating in a research note on Friday, February 6th. Citigroup increased their price target on ConocoPhillips from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Argus upped their target price on ConocoPhillips from $111.00 to $128.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 13th. Finally, Roth Mkm cut ConocoPhillips from a “buy” rating to a “neutral” rating and set a $112.00 target price on the stock. in a report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $115.92.

ConocoPhillips Trading Up 0.7%

NYSE:COP opened at $110.64 on Wednesday. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $113.80. The firm has a 50-day moving average price of $100.60 and a two-hundred day moving average price of $95.03. 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 has a market cap of $136.71 billion, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 2.79 and a beta of 0.32.

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

ConocoPhillips Announces Dividend

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

About ConocoPhillips

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.