Seaview Investment Managers LLC Buys 17,647 Shares of ConocoPhillips (NYSE:COP)

Seaview Investment Managers LLC raised its stake in shares of ConocoPhillips (NYSE:COP) by 27.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 82,201 shares of the energy producer’s stock after purchasing an additional 17,647 shares during the period. ConocoPhillips accounts for 2.8% of Seaview Investment Managers LLC’s portfolio, making the stock its 23rd largest holding. Seaview Investment Managers LLC’s holdings in ConocoPhillips were worth $9,402,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of COP. Sachetta LLC acquired a new position in ConocoPhillips in the 4th quarter valued at $27,000. Cooksen Wealth LLC acquired a new stake in shares of ConocoPhillips in the fourth quarter valued at about $27,000. Cape Investment Advisory Inc. lifted 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 worth $29,000 after purchasing an additional 121 shares during the last quarter. Stephens Consulting LLC boosted its stake in ConocoPhillips by 69.3% during the 2nd quarter. Stephens Consulting LLC now owns 254 shares of the energy producer’s stock valued at $29,000 after purchasing an additional 104 shares during the period. Finally, Richardson Capital Management LLC bought a new stake in ConocoPhillips during the 1st quarter valued at approximately $31,000. Institutional investors own 82.36% of the company’s stock.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, Director Timothy A. Leach sold 55,500 shares of ConocoPhillips stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $108.11, for a total transaction of $6,000,105.00. Following the completion of the transaction, the director now directly owns 455,909 shares of the company’s stock, valued at $49,288,321.99. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on COP shares. StockNews.com lowered ConocoPhillips from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Raymond James reiterated a “strong-buy” rating and set a $159.00 target price (up from $155.00) on shares of ConocoPhillips in a research note on Thursday, May 30th. Scotiabank decreased their price target on shares of ConocoPhillips from $135.00 to $120.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Wolfe Research began coverage on shares of ConocoPhillips in a report on Thursday, July 18th. They set an “outperform” rating and a $145.00 price objective on the stock. Finally, UBS Group increased their target price on shares of ConocoPhillips from $151.00 to $153.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, ConocoPhillips presently has an average rating of “Moderate Buy” and a consensus target price of $143.24.

ConocoPhillips Stock Down 0.4 %

Shares of NYSE COP opened at $105.60 on Tuesday. The stock has a market cap of $122.63 billion, a PE ratio of 11.96, a PEG ratio of 0.80 and a beta of 1.22. The business has a fifty day moving average of $111.03 and a two-hundred day moving average of $116.98. ConocoPhillips has a 52-week low of $102.27 and a 52-week high of $135.18. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.19 and a current ratio of 1.33.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, August 1st. The energy producer reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.02. The company had revenue of $14.14 billion during the quarter, compared to analysts’ expectations of $14.96 billion. ConocoPhillips had a return on equity of 20.81% and a net margin of 18.18%. The business’s revenue was up 9.7% on a year-over-year basis. During the same period last year, the business earned $1.84 earnings per share. As a group, equities research analysts expect that ConocoPhillips will post 8.42 earnings per share for the current fiscal year.

ConocoPhillips Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 12th were issued a dividend of $0.58 per share. The ex-dividend date was Monday, August 12th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.20%. ConocoPhillips’s payout ratio is presently 26.27%.

About ConocoPhillips

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.