ConocoPhillips (NYSE:COP) Director Sells $4,751,600.00 in Stock

ConocoPhillips (NYSE:COP) Director Timothy Leach sold 40,000 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $118.79, for a total transaction of $4,751,600.00. Following the completion of the transaction, the director owned 411,211 shares of the company’s stock, valued at $48,847,754.69. This represents a 8.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

ConocoPhillips Stock Up 0.0%

Shares of NYSE:COP traded up $0.02 during trading on Monday, reaching $117.09. The stock had a trading volume of 13,587,784 shares, compared to its average volume of 9,332,001. ConocoPhillips has a one year low of $79.88 and a one year high of $122.50. The company has a market capitalization of $144.69 billion, a P/E ratio of 18.47, a PEG ratio of 2.97 and a beta of 0.27. The company has a current ratio of 1.30, a quick ratio of 1.14 and a debt-to-equity ratio of 0.35. The firm’s 50-day simple moving average is $104.22 and its 200 day simple moving average is $96.18.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, February 5th. The energy producer reported $1.02 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.21). ConocoPhillips had a return on equity of 11.90% and a net margin of 12.98%.The firm had revenue of $13.86 billion for the quarter, compared to the consensus estimate of $14.35 billion. During the same quarter last year, the firm earned $1.98 EPS. The company’s revenue was down 3.7% compared to the same quarter last year. As a group, research analysts expect that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Wednesday, February 18th were given a $0.84 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.9%. ConocoPhillips’s dividend payout ratio (DPR) is presently 53.00%.

Analysts Set New Price Targets

Several brokerages recently issued reports on COP. Jefferies Financial Group upped their target price on ConocoPhillips from $120.00 to $129.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Roth Mkm lowered ConocoPhillips from a “buy” rating to a “neutral” rating and set a $112.00 price target on the stock. in a research note on Tuesday, February 17th. Wells Fargo & Company increased their price objective on shares of ConocoPhillips from $132.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Sanford C. Bernstein dropped their target price on shares of ConocoPhillips from $116.00 to $98.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of ConocoPhillips from $98.00 to $103.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $117.54.

Institutional Trading of ConocoPhillips

Several institutional investors and hedge funds have recently bought and sold shares of the business. Howard Hughes Medical Institute purchased a new stake in shares of ConocoPhillips during the 2nd quarter worth about $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of ConocoPhillips in the 4th quarter valued at about $25,000. Cloud Capital Management LLC purchased a new position in shares of ConocoPhillips in the 3rd quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp acquired a new position in ConocoPhillips in the 3rd quarter worth about $28,000. Finally, Board of the Pension Protection Fund acquired a new position in ConocoPhillips in the 4th quarter worth about $28,000. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Company Profile

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.