ConocoPhillips (NYSE:COP) is Hi Line Capital Management LLC’s 7th Largest Position

Hi Line Capital Management LLC trimmed its position in shares of ConocoPhillips (NYSE:COP) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,705 shares of the energy producer’s stock after selling 964 shares during the quarter. ConocoPhillips makes up about 4.3% of Hi Line Capital Management LLC’s portfolio, making the stock its 7th biggest holding. Hi Line Capital Management LLC’s holdings in ConocoPhillips were worth $9,788,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in COP. AMF Tjanstepension AB increased its holdings in shares of ConocoPhillips by 4.7% during the 3rd quarter. AMF Tjanstepension AB now owns 1,163,724 shares of the energy producer’s stock valued at $122,628,000 after purchasing an additional 52,334 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of ConocoPhillips by 7.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 166,451 shares of the energy producer’s stock valued at $17,431,000 after purchasing an additional 11,120 shares in the last quarter. Arkadios Wealth Advisors grew its stake in ConocoPhillips by 5.2% in the 3rd quarter. Arkadios Wealth Advisors now owns 14,766 shares of the energy producer’s stock valued at $1,555,000 after acquiring an additional 725 shares during the period. Mattern Capital Management LLC grew its stake in ConocoPhillips by 16.0% in the 3rd quarter. Mattern Capital Management LLC now owns 7,637 shares of the energy producer’s stock valued at $804,000 after acquiring an additional 1,051 shares during the period. Finally, Bristlecone Advisors LLC grew its stake in ConocoPhillips by 38.5% in the 3rd quarter. Bristlecone Advisors LLC now owns 7,253 shares of the energy producer’s stock valued at $764,000 after acquiring an additional 2,018 shares during the period. 82.36% of the stock is owned by hedge funds and other institutional investors.

ConocoPhillips Price Performance

COP stock opened at $97.90 on Monday. The company has a market capitalization of $124.57 billion, a P/E ratio of 12.57, a PEG ratio of 0.79 and a beta of 1.18. ConocoPhillips has a twelve month low of $94.23 and a twelve month high of $135.18. The business has a 50 day simple moving average of $100.11 and a 200-day simple moving average of $105.43. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. As a group, equities analysts anticipate that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Friday, February 14th. ConocoPhillips’s dividend payout ratio (DPR) is presently 40.05%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on COP. JPMorgan Chase & Co. raised shares of ConocoPhillips from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $120.00 to $123.00 in a research note on Thursday, December 5th. Barclays lowered their price target on shares of ConocoPhillips from $137.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Evercore ISI reissued an “outperform” rating and set a $165.00 price target on shares of ConocoPhillips in a research report on Friday, December 6th. Raymond James lowered shares of ConocoPhillips from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the company from $157.00 to $124.00 in a report on Monday, February 10th. Finally, Wells Fargo & Company cut their price target on shares of ConocoPhillips from $132.00 to $128.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $133.47.

Insider Transactions at ConocoPhillips

In other ConocoPhillips news, Director R A. Walker bought 10,400 shares of ConocoPhillips stock in a transaction on Tuesday, December 17th. The stock was bought at an average price of $97.80 per share, with a total value of $1,017,120.00. Following the completion of the acquisition, the director now owns 38,000 shares in the company, valued at $3,716,400. The trade was a 37.68 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Arjun N. Murti purchased 2,500 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were purchased at an average cost of $95.87 per share, with a total value of $239,675.00. Following the purchase, the director now directly owns 21,500 shares in the company, valued at approximately $2,061,205. The trade was a 13.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.34% of the company’s stock.

ConocoPhillips 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.