Van Hulzen Asset Management LLC Buys New Position in ConocoPhillips $COP

Van Hulzen Asset Management LLC bought a new stake in shares of ConocoPhillips (NYSE:COP) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 8,089 shares of the energy producer’s stock, valued at approximately $841,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in ConocoPhillips in the fourth quarter valued at approximately $25,000. Strive Asset Management LLC acquired a new position in shares of ConocoPhillips during the third quarter worth $28,000. Frazier Financial Advisors LLC boosted its stake in shares of ConocoPhillips by 151.0% in the first quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer’s stock valued at $32,000 after purchasing an additional 145 shares during the period. Allied Private Wealth LLC purchased a new position in shares of ConocoPhillips in the second quarter valued at $32,000. Finally, BNP Paribas acquired a new stake in ConocoPhillips during the 2nd quarter valued at $33,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

ConocoPhillips Trading Down 1.1%

COP opened at $133.37 on Tuesday. The stock has a market capitalization of $160.22 billion, a PE ratio of 17.64, a P/E/G ratio of 1.43 and a beta of 0.11. The firm’s fifty day moving average price is $115.73 and its 200 day moving average price is $117.97. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 1.39. ConocoPhillips has a 12-month low of $85.57 and a 12-month high of $135.88.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, August 6th. The energy producer reported $3.24 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.34. The company had revenue of $19.52 billion during the quarter, compared to analyst estimates of $18.79 billion. ConocoPhillips had a net margin of 14.22% and a return on equity of 14.72%. The firm’s revenue for the quarter was up 32.4% compared to the same quarter last year. During the same period last year, the business earned $1.42 EPS. As a group, research analysts expect that ConocoPhillips will post 10.46 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.36 annualized dividend and a dividend yield of 2.5%. ConocoPhillips’s dividend payout ratio (DPR) is presently 44.44%.

Insider Activity at ConocoPhillips

In related news, SVP Andrew D. Lundquist sold 9,487 shares of ConocoPhillips stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $135.15, for a total value of $1,282,168.05. Following the completion of the transaction, the senior vice president directly owned 9,593 shares in the company, valued at approximately $1,296,493.95. This trade represents a 49.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of ConocoPhillips from $183.00 to $189.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Zacks Research downgraded ConocoPhillips from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Susquehanna lifted their target price on ConocoPhillips from $155.00 to $161.00 and gave the stock a “positive” rating in a research report on Tuesday, August 11th. Roth Capital raised ConocoPhillips from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $124.00 to $130.00 in a research report on Monday, June 22nd. Finally, UBS Group boosted their price target on ConocoPhillips from $143.00 to $153.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, ConocoPhillips currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.29.

ConocoPhillips 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.