ConocoPhillips $COP Shares Bought by Orleans Capital Management Corp LA

Orleans Capital Management Corp LA lifted its stake in shares of ConocoPhillips (NYSE:COP) by 16.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,199 shares of the energy producer’s stock after acquiring an additional 3,665 shares during the quarter. ConocoPhillips accounts for about 1.2% of Orleans Capital Management Corp LA’s portfolio, making the stock its 29th largest position. Orleans Capital Management Corp LA’s holdings in ConocoPhillips were worth $2,351,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of COP. Financial Network Wealth Advisors LLC increased its holdings in ConocoPhillips by 341.5% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 287 shares of the energy producer’s stock worth $30,000 after purchasing an additional 222 shares during the period. Stone House Investment Management LLC purchased a new stake in shares of ConocoPhillips during the first quarter worth approximately $31,000. Bogart Wealth LLC increased its stake in shares of ConocoPhillips by 136.8% during the second quarter. Bogart Wealth LLC now owns 315 shares of the energy producer’s stock worth $28,000 after buying an additional 182 shares during the period. Activest Wealth Management raised its holdings in ConocoPhillips by 249.5% in the second quarter. Activest Wealth Management now owns 325 shares of the energy producer’s stock valued at $29,000 after acquiring an additional 232 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd lifted its stake in ConocoPhillips by 418.6% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 363 shares of the energy producer’s stock worth $38,000 after acquiring an additional 293 shares during the last quarter. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at ConocoPhillips

In related news, Director William H. Mcraven bought 5,768 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were acquired at an average price of $86.68 per share, with a total value of $499,970.24. Following the completion of the acquisition, the director owned 5,768 shares in the company, valued at approximately $499,970.24. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.24% of the company’s stock.

ConocoPhillips Stock Up 1.7%

COP stock opened at $88.55 on Friday. The company has a market cap of $109.42 billion, a price-to-earnings ratio of 11.89, a price-to-earnings-growth ratio of 2.36 and a beta of 0.58. The company has a fifty day moving average price of $89.90 and a 200 day moving average price of $91.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.27 and a quick ratio of 1.10. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $108.74.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, November 6th. The energy producer reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.20. ConocoPhillips had a net margin of 15.26% and a return on equity of 14.60%. The company had revenue of $15.03 billion for the quarter, compared to analyst estimates of $14.51 billion. During the same period in the previous year, the business posted $1.78 earnings per share. ConocoPhillips’s quarterly revenue was up 14.1% on a year-over-year basis. Sell-side analysts expect that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, November 17th. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.78. ConocoPhillips’s payout ratio is 47.52%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on COP shares. Evercore ISI reduced their price objective on shares of ConocoPhillips from $115.00 to $111.00 and set an “outperform” rating on the stock in a report on Monday, October 6th. Raymond James Financial decreased their price target on ConocoPhillips from $117.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, September 8th. Barclays dropped their price objective on ConocoPhillips from $122.00 to $118.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Jefferies Financial Group decreased their target price on ConocoPhillips from $129.00 to $120.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Finally, Mizuho lowered their price target on ConocoPhillips from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Monday, September 15th. Nineteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, ConocoPhillips has a consensus rating of “Moderate Buy” and an average target price of $115.16.

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.