Capital One National Association decreased its position in ConocoPhillips (NYSE:COP) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,978 shares of the energy producer’s stock after selling 1,289 shares during the period. Capital One National Association’s holdings in ConocoPhillips were worth $822,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. WFG Advisors LP increased its stake in shares of ConocoPhillips by 0.4% during the 2nd quarter. WFG Advisors LP now owns 9,611 shares of the energy producer’s stock worth $423,000 after purchasing an additional 39 shares during the last quarter. Girard Partners LTD. increased its stake in shares of ConocoPhillips by 0.6% during the 2nd quarter. Girard Partners LTD. now owns 8,434 shares of the energy producer’s stock worth $371,000 after purchasing an additional 49 shares during the last quarter. First City Capital Management Inc. increased its stake in shares of ConocoPhillips by 1.4% during the 2nd quarter. First City Capital Management Inc. now owns 5,459 shares of the energy producer’s stock worth $240,000 after purchasing an additional 75 shares during the last quarter. Whalerock Point Partners LLC increased its stake in shares of ConocoPhillips by 1.2% during the 2nd quarter. Whalerock Point Partners LLC now owns 8,300 shares of the energy producer’s stock worth $365,000 after purchasing an additional 100 shares during the last quarter. Finally, Benchmark Capital Advisors increased its stake in shares of ConocoPhillips by 0.9% during the 2nd quarter. Benchmark Capital Advisors now owns 11,350 shares of the energy producer’s stock worth $499,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 70.49% of the company’s stock.
ConocoPhillips (NYSE:COP) opened at $54.91 on Friday. The company has a quick ratio of 2.23, a current ratio of 1.76 and a debt-to-equity ratio of 0.56. ConocoPhillips has a fifty-two week low of $42.26 and a fifty-two week high of $61.31. The company has a market cap of $63,133.57, a price-to-earnings ratio of 73.63, a price-to-earnings-growth ratio of 1.72 and a beta of 1.32.
ConocoPhillips declared that its Board of Directors has approved a stock buyback plan on Wednesday, November 8th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the energy producer to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Monday, February 12th will be issued a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 2.08%. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, February 9th. ConocoPhillips’s dividend payout ratio (DPR) is presently -228.00%.
In other news, Director Charles E. Bunch purchased 2,000 shares of the business’s stock in a transaction on Monday, December 11th. The stock was purchased at an average cost of $52.06 per share, with a total value of $104,120.00. Following the acquisition, the director now directly owns 3,429 shares in the company, valued at $178,513.74. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.82% of the stock is owned by company insiders.
COP has been the subject of several research analyst reports. Piper Jaffray Companies restated a “buy” rating and set a $53.00 price target on shares of ConocoPhillips in a research note on Friday, November 3rd. Scotiabank restated a “buy” rating and set a $53.00 price target on shares of ConocoPhillips in a research note on Wednesday, November 1st. Royal Bank of Canada set a $58.00 price target on shares of ConocoPhillips and gave the stock a “buy” rating in a research note on Monday, October 30th. Goldman Sachs Group upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and set a $60.00 price target for the company in a research note on Wednesday, December 13th. Finally, Cowen set a $70.00 price target on shares of ConocoPhillips and gave the stock a “buy” rating in a research note on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $58.53.
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ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through five segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.
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