Baugh & Associates LLC Trims Position in ConocoPhillips $COP

Baugh & Associates LLC cut its stake in shares of ConocoPhillips (NYSE:COP) by 18.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,205 shares of the energy producer’s stock after selling 10,202 shares during the period. ConocoPhillips accounts for approximately 2.6% of Baugh & Associates LLC’s portfolio, making the stock its 19th largest holding. Baugh & Associates LLC’s holdings in ConocoPhillips were worth $5,967,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in ConocoPhillips during the fourth quarter valued at approximately $25,000. KERR FINANCIAL PLANNING Corp bought a new stake in ConocoPhillips during the 3rd quarter worth approximately $28,000. Board of the Pension Protection Fund purchased a new stake in ConocoPhillips in the 4th quarter worth approximately $28,000. Strive Asset Management LLC purchased a new stake in ConocoPhillips in the 3rd quarter worth approximately $28,000. Finally, BNP Paribas bought a new position in ConocoPhillips in the 2nd quarter valued at $33,000. 82.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on COP shares. Roth Mkm set a $130.00 price target on shares of ConocoPhillips and gave the company a “buy” rating in a research report on Monday. Royal Bank Of Canada increased their price objective on ConocoPhillips from $118.00 to $152.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. Wall Street Zen raised ConocoPhillips from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Piper Sandler boosted their target price on ConocoPhillips from $154.00 to $157.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Finally, Raymond James Financial reduced their target price on ConocoPhillips from $145.00 to $142.00 and set an “outperform” rating for the company in a research report on Monday, June 1st. Eighteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $135.20.

Insider Transactions at ConocoPhillips

In other news, SVP Kelly Brunetti Rose sold 7,700 shares of the stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $130.03, for a total transaction of $1,001,231.00. Following the transaction, the senior vice president directly owned 25,284 shares in the company, valued at approximately $3,287,678.52. This represents a 23.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Michael Lance sold 113,221 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $132.71, for a total value of $15,025,558.91. Following the transaction, the chief executive officer directly owned 350,000 shares in the company, valued at approximately $46,448,500. This represents a 24.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.09% of the company’s stock.

ConocoPhillips Price Performance

Shares of NYSE:COP opened at $107.92 on Monday. The company’s fifty day moving average price is $118.65 and its 200-day moving average price is $111.39. The firm has a market capitalization of $131.48 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 1.19 and a beta of 0.11. ConocoPhillips has a one year low of $85.57 and a one year high of $135.87. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.29 and a quick ratio of 1.14.

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

ConocoPhillips Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 11th were given a dividend of $0.84 per share. The ex-dividend date was Monday, May 11th. This represents a $3.36 dividend on an annualized basis and a yield of 3.1%. ConocoPhillips’s dividend payout ratio (DPR) 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.