MADDEN SECURITIES Corp Takes $65,000 Position in ConocoPhillips (NYSE:COP)

MADDEN SECURITIES Corp bought a new stake in ConocoPhillips (NYSE:COP – Get Rating) during the 4th quarter, Holdings Channel reports. The institutional investor bought 550 shares of the energy producer’s stock, valued at approximately $65,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of COP. FMR LLC increased its holdings in shares of ConocoPhillips by 64.8% in the 2nd quarter. FMR LLC now owns 21,177,310 shares of the energy producer’s stock valued at $1,901,935,000 after acquiring an additional 8,323,587 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in ConocoPhillips by 53.4% in the third quarter. UBS Asset Management Americas Inc. now owns 7,338,622 shares of the energy producer’s stock valued at $751,035,000 after purchasing an additional 2,555,634 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in ConocoPhillips by 12.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 22,866,527 shares of the energy producer’s stock worth $2,053,643,000 after purchasing an additional 2,472,255 shares in the last quarter. Cowa LLC lifted its position in shares of ConocoPhillips by 6,475.2% during the 1st quarter. Cowa LLC now owns 2,375,224 shares of the energy producer’s stock worth $2,383,000 after buying an additional 2,339,100 shares during the last quarter. Finally, Yacktman Asset Management LP boosted its holdings in shares of ConocoPhillips by 559.1% in the 3rd quarter. Yacktman Asset Management LP now owns 1,766,770 shares of the energy producer’s stock valued at $180,811,000 after buying an additional 1,498,720 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Stock Down 2.1 %

Shares of ConocoPhillips stock opened at $94.39 on Friday. The firm has a fifty day moving average of $111.37 and a two-hundred day moving average of $115.73. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.36 and a current ratio of 1.46. The company has a market cap of $115.04 billion, a P/E ratio of 6.51, a PEG ratio of 0.45 and a beta of 1.29. ConocoPhillips has a one year low of $78.30 and a one year high of $138.49.

ConocoPhillips (NYSE:COP – Get Rating) last announced its quarterly earnings results on Thursday, February 2nd. The energy producer reported $2.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.72 by ($0.01). The company had revenue of $19.26 billion during the quarter, compared to analysts’ expectations of $18.16 billion. ConocoPhillips had a net margin of 22.74% and a return on equity of 35.30%. The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.27 EPS. On average, analysts forecast that ConocoPhillips will post 11.79 earnings per share for the current year.

ConocoPhillips Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Wednesday, March 29th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, March 28th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.16%. ConocoPhillips’s dividend payout ratio is presently 14.06%.

Insider Activity

In related news, Director R A. Walker purchased 4,800 shares of the business’s stock in a transaction dated Friday, February 17th. The stock was acquired at an average price of $104.50 per share, for a total transaction of $501,600.00. Following the acquisition, the director now directly owns 22,800 shares of the company’s stock, valued at approximately $2,382,600. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

COP has been the topic of a number of research analyst reports. Societe Generale cut ConocoPhillips from a “hold” rating to a “sell” rating and lifted their target price for the stock from $106.00 to $114.00 in a research report on Monday, November 21st. They noted that the move was a valuation call. Argus increased their price objective on ConocoPhillips from $125.00 to $150.00 in a report on Monday, November 21st. StockNews.com started coverage on shares of ConocoPhillips in a research report on Thursday. They set a “hold” rating on the stock. Scotiabank cut shares of ConocoPhillips from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from $145.00 to $140.00 in a research note on Tuesday, January 17th. Finally, Wells Fargo & Company increased their price target on shares of ConocoPhillips from $154.00 to $156.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, ConocoPhillips presently has a consensus rating of “Moderate Buy” and an average target price of $136.86.

ConocoPhillips Profile

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ConocoPhillips engages in the exploration, production, transportation and marketing of crude oil, bitumen, natural gas, natural gas liquids, and liquefied natural gas on a worldwide basis. It operates through the following geographical segments: Alaska, Lower 48, Canada, Europe, Middle East and North Africa, Asia Pacific, and Other International.