ConocoPhillips (NYSE:COP) Position Boosted by Chilton Capital Management LLC

Chilton Capital Management LLC grew its holdings in shares of ConocoPhillips (NYSE:COP) by 1.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 291,479 shares of the energy producer’s stock after purchasing an additional 3,615 shares during the period. ConocoPhillips makes up 1.5% of Chilton Capital Management LLC’s portfolio, making the stock its 14th biggest holding. Chilton Capital Management LLC’s holdings in ConocoPhillips were worth $33,339,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Sachetta LLC bought a new position in shares of ConocoPhillips during the 4th quarter valued at about $27,000. Cooksen Wealth LLC bought a new position in shares of ConocoPhillips during the 4th quarter valued at about $27,000. Cape Investment Advisory Inc. boosted its position in shares of ConocoPhillips by 96.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 247 shares of the energy producer’s stock valued at $29,000 after purchasing an additional 121 shares in the last quarter. Stephens Consulting LLC boosted its holdings in shares of ConocoPhillips by 69.3% in the second quarter. Stephens Consulting LLC now owns 254 shares of the energy producer’s stock worth $29,000 after buying an additional 104 shares during the period. Finally, Richardson Capital Management LLC acquired a new position in shares of ConocoPhillips in the first quarter worth about $31,000. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Stock Performance

COP traded down $0.58 during trading on Monday, reaching $113.79. 5,559,400 shares of the company’s stock were exchanged, compared to its average volume of 5,656,145. ConocoPhillips has a fifty-two week low of $102.27 and a fifty-two week high of $135.18. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average price of $111.73 and a 200 day moving average price of $117.09. The company has a market capitalization of $133.08 billion, a P/E ratio of 12.89, a PEG ratio of 0.85 and a beta of 1.24.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, August 1st. The energy producer reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.02. ConocoPhillips had a net margin of 18.18% and a return on equity of 20.81%. The firm had revenue of $14.14 billion for the quarter, compared to the consensus estimate of $14.96 billion. During the same quarter in the previous year, the company earned $1.84 earnings per share. The business’s revenue was up 9.7% compared to the same quarter last year. As a group, analysts predict that ConocoPhillips will post 8.5 earnings per share for the current fiscal year.

ConocoPhillips Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 12th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $2.32 annualized dividend and a dividend yield of 2.04%. ConocoPhillips’s dividend payout ratio is presently 26.27%.

Insider Activity

In other news, Director Timothy A. Leach sold 55,500 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $108.11, for a total value of $6,000,105.00. Following the sale, the director now owns 455,909 shares in the company, valued at approximately $49,288,321.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.34% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on COP shares. Mizuho decreased their target price on shares of ConocoPhillips from $142.00 to $132.00 and set a “neutral” rating for the company in a report on Wednesday, June 5th. Raymond James reiterated a “strong-buy” rating and issued a $159.00 target price (up from $155.00) on shares of ConocoPhillips in a report on Thursday, May 30th. Royal Bank of Canada raised their target price on shares of ConocoPhillips from $135.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, May 15th. Sanford C. Bernstein decreased their price target on shares of ConocoPhillips from $147.00 to $132.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Finally, Argus upgraded shares of ConocoPhillips to a “strong-buy” rating in a report on Friday, June 7th. Five equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $143.65.

ConocoPhillips Company Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.