Capital Research Global Investors Purchases 6,253 Shares of ConocoPhillips $COP

Capital Research Global Investors increased its position in shares of ConocoPhillips (NYSE:COP) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,149,440 shares of the energy producer’s stock after buying an additional 6,253 shares during the period. Capital Research Global Investors owned 0.09% of ConocoPhillips worth $107,599,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of COP. KERR FINANCIAL PLANNING Corp bought a new stake in shares of ConocoPhillips during the 3rd quarter worth $28,000. Board of the Pension Protection Fund bought a new stake in shares of ConocoPhillips during the 4th quarter worth $28,000. Strive Asset Management LLC bought a new stake in shares of ConocoPhillips during the 3rd quarter worth $28,000. BNP Paribas acquired a new position in ConocoPhillips during the 2nd quarter valued at $33,000. Finally, Optima Capital LLC acquired a new position in ConocoPhillips during the 4th quarter valued at $34,000. 82.36% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Ryan Michael Lance sold 506,800 shares of the stock in a transaction on Friday, March 20th. The shares were sold at an average price of $127.26, for a total value of $64,495,368.00. Following the completion of the transaction, the chief executive officer owned 6,835 shares in the company, valued at approximately $869,822.10. This represents a 98.67% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Kelly Brunetti Rose sold 7,700 shares of the stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $130.03, for a total transaction of $1,001,231.00. Following the completion of the transaction, the senior vice president owned 25,284 shares of the company’s stock, valued at approximately $3,287,678.52. This represents a 23.34% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 686,391 shares of company stock worth $87,590,752. Insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Barclays upped their target price on shares of ConocoPhillips from $136.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Argus upped their target price on shares of ConocoPhillips from $128.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, May 15th. UBS Group upped their target price on shares of ConocoPhillips from $130.00 to $144.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Scotiabank upped their target price on shares of ConocoPhillips from $100.00 to $125.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Finally, Morgan Stanley upped their target price on shares of ConocoPhillips from $149.00 to $153.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. Seventeen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, ConocoPhillips presently has a consensus rating of “Moderate Buy” and an average target price of $134.48.

ConocoPhillips Trading Up 1.5%

Shares of COP stock opened at $118.95 on Tuesday. ConocoPhillips has a 52-week low of $85.57 and a 52-week high of $135.87. The stock has a market cap of $144.91 billion, a price-to-earnings ratio of 20.19, a P/E/G ratio of 1.30 and a beta of 0.11. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.14 and a current ratio of 1.29. The firm has a fifty day moving average of $121.80 and a 200-day moving average of $109.79.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, April 30th. The energy producer reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.17. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The company had revenue of $15.76 billion during the quarter, compared to analysts’ expectations of $15.62 billion. During the same quarter in the prior year, the company posted $2.09 EPS. The business’s revenue was down 6.1% on a year-over-year basis. On average, equities research analysts forecast that ConocoPhillips will post 10.03 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.8%. ConocoPhillips’s dividend payout ratio is currently 57.05%.

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.