Capital International Sarl Has $11.45 Million Stake in ConocoPhillips $COP

Capital International Sarl raised its stake in ConocoPhillips (NYSE:COP) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 122,353 shares of the energy producer’s stock after buying an additional 5,036 shares during the quarter. Capital International Sarl’s holdings in ConocoPhillips were worth $11,453,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in COP. AXA S.A. raised its position in shares of ConocoPhillips by 91.1% during the second quarter. AXA S.A. now owns 84,937 shares of the energy producer’s stock worth $7,622,000 after purchasing an additional 40,499 shares during the period. Sei Investments Co. raised its position in shares of ConocoPhillips by 6.1% during the second quarter. Sei Investments Co. now owns 784,368 shares of the energy producer’s stock worth $70,397,000 after purchasing an additional 44,852 shares during the period. BNP Paribas acquired a new stake in shares of ConocoPhillips during the second quarter worth about $33,000. Osterweis Capital Management Inc. acquired a new stake in shares of ConocoPhillips during the second quarter worth about $151,000. Finally, Main Street Financial Solutions LLC raised its position in shares of ConocoPhillips by 53.5% during the second quarter. Main Street Financial Solutions LLC now owns 4,806 shares of the energy producer’s stock worth $431,000 after purchasing an additional 1,675 shares during the period. Institutional investors and hedge funds own 82.36% of the company’s stock.

Insider Transactions at ConocoPhillips

In other ConocoPhillips news, SVP Andrew D. Lundquist sold 34,500 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $119.68, for a total value of $4,128,960.00. Following the sale, the senior vice president owned 17,469 shares in the company, valued at approximately $2,090,689.92. The trade was a 66.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Heather G. Hrap sold 2,654 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $119.68, for a total value of $317,630.72. Following the completion of the sale, the senior vice president owned 5,663 shares in the company, valued at $677,747.84. The trade was a 31.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 694,891 shares of company stock worth $88,594,092. Corporate insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Raymond James Financial dropped their price target on ConocoPhillips from $145.00 to $142.00 and set an “outperform” rating on the stock in a research report on Monday, June 1st. Royal Bank Of Canada raised their price target on ConocoPhillips from $118.00 to $152.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. Zacks Research lowered ConocoPhillips from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. Capital One Financial dropped their price target on ConocoPhillips from $156.00 to $154.00 and set an “equal weight” rating on the stock in a research report on Monday, May 18th. Finally, Mizuho raised their price target on ConocoPhillips from $136.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Seventeen equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $134.48.

ConocoPhillips Trading Down 1.8%

NYSE COP opened at $117.10 on Friday. The stock has a market capitalization of $142.66 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 1.30 and a beta of 0.11. The stock’s 50 day moving average price is $122.08 and its two-hundred day moving average price is $109.43. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.14 and a current ratio of 1.29. ConocoPhillips has a 52 week low of $85.57 and a 52 week high of $135.87.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, April 30th. The energy producer reported $1.89 EPS for the quarter, beating the consensus estimate of $1.72 by $0.17. The firm had revenue of $15.76 billion for the quarter, compared to analysts’ expectations of $15.62 billion. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The business’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.09 EPS. As a group, analysts anticipate that ConocoPhillips will post 10.03 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 11th were paid a $0.84 dividend. The ex-dividend date was Monday, May 11th. This represents a $3.36 annualized dividend and a yield of 2.9%. ConocoPhillips’s payout ratio is presently 57.05%.

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.