Dynasty Wealth Management LLC Reduces Stake in ConocoPhillips $COP

Dynasty Wealth Management LLC lowered its position in ConocoPhillips (NYSE:COP) by 21.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,566 shares of the energy producer’s stock after selling 4,606 shares during the period. Dynasty Wealth Management LLC’s holdings in ConocoPhillips were worth $1,551,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Strive Asset Management LLC purchased a new stake in ConocoPhillips in the third quarter valued at approximately $28,000. Board of the Pension Protection Fund purchased a new stake in ConocoPhillips in the fourth quarter valued at approximately $28,000. KERR FINANCIAL PLANNING Corp purchased a new stake in ConocoPhillips in the third quarter valued at approximately $28,000. Optima Capital LLC purchased a new stake in ConocoPhillips in the 4th quarter worth approximately $34,000. Finally, BNP Paribas purchased a new stake in ConocoPhillips in the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Insider Transactions at ConocoPhillips

In related news, SVP Andrew D. Lundquist sold 34,500 shares of the stock in a transaction 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 completion of the transaction, the senior vice president directly owned 17,469 shares of the company’s stock, valued at approximately $2,090,689.92. This represents a 66.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kelly Brunetti Rose sold 8,500 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $118.04, for a total value of $1,003,340.00. Following the completion of the transaction, the senior vice president directly owned 32,984 shares of the company’s stock, valued at approximately $3,893,431.36. This represents a 20.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 734,891 shares of company stock worth $93,345,692 in the last quarter. 0.09% of the stock is owned by insiders.

ConocoPhillips Trading Up 2.0%

Shares of COP stock opened at $119.24 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.29 and a quick ratio of 1.14. The company has a market cap of $145.27 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 1.29 and a beta of 0.11. The stock has a 50 day simple moving average of $122.52 and a 200-day simple moving average of $109.19. ConocoPhillips has a 1-year low of $85.23 and a 1-year high of $135.87.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.17. The business had revenue of $15.76 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the company posted $2.09 EPS. On average, equities research analysts expect that ConocoPhillips will post 10.03 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 11th were paid a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Monday, May 11th. ConocoPhillips’s dividend payout ratio is currently 57.05%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Wells Fargo & Company upped their price objective on ConocoPhillips from $132.00 to $133.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Susquehanna upped their price objective on ConocoPhillips from $149.00 to $152.00 in a research report on Friday, May 1st. Argus upped their price objective on ConocoPhillips from $128.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Morgan Stanley upped their price objective on ConocoPhillips from $149.00 to $153.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Finally, Sanford C. Bernstein upped their price objective on ConocoPhillips from $98.00 to $121.00 and gave the stock an “outperform” rating in a research report on Monday, April 13th. Seventeen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, ConocoPhillips has an average rating of “Moderate Buy” and a consensus target price of $134.48.

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.