ConocoPhillips $COP Shares Sold by Homestead Advisers Corp

Homestead Advisers Corp decreased its holdings in shares of ConocoPhillips (NYSE:COP) by 2.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 661,500 shares of the energy producer’s stock after selling 13,500 shares during the period. Homestead Advisers Corp’s holdings in ConocoPhillips were worth $62,571,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Howard Hughes Medical Institute acquired a new position in ConocoPhillips in the second quarter valued at approximately $25,000. Cloud Capital Management LLC bought a new stake in shares of ConocoPhillips in the 3rd quarter worth approximately $26,000. Bogart Wealth LLC boosted its position in ConocoPhillips by 136.8% during the 2nd quarter. Bogart Wealth LLC now owns 315 shares of the energy producer’s stock valued at $28,000 after purchasing an additional 182 shares during the period. Activest Wealth Management grew its stake in ConocoPhillips by 249.5% during the 2nd quarter. Activest Wealth Management now owns 325 shares of the energy producer’s stock worth $29,000 after buying an additional 232 shares during the last quarter. Finally, Cedar Mountain Advisors LLC increased its position in ConocoPhillips by 58.0% in the third quarter. Cedar Mountain Advisors LLC now owns 316 shares of the energy producer’s stock worth $30,000 after buying an additional 116 shares during the period. 82.36% of the stock is currently owned by institutional investors.

Insider Buying and Selling at ConocoPhillips

In other news, CEO Ryan Michael Lance sold 500,708 shares of the business’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $92.50, for a total value of $46,315,490.00. Following the sale, the chief executive officer owned 325,972 shares of the company’s stock, valued at approximately $30,152,410. The trade was a 60.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William H. Mcraven bought 5,768 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were purchased at an average cost of $86.68 per share, with a total value of $499,970.24. Following the purchase, the director directly owned 5,768 shares of the company’s stock, valued at approximately $499,970.24. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.24% of the stock is currently owned by company insiders.

Analyst Ratings Changes

COP has been the topic of a number of recent research reports. BMO Capital Markets cut their target price on ConocoPhillips from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Monday, December 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of ConocoPhillips in a research report on Monday, December 29th. Jefferies Financial Group restated a “buy” rating on shares of ConocoPhillips in a research report on Monday, December 15th. Johnson Rice lowered shares of ConocoPhillips from an “accumulate” rating to a “hold” rating and dropped their price target for the company from $108.00 to $105.00 in a research note on Friday, December 5th. Finally, Roth Mkm lifted their price target on ConocoPhillips from $100.00 to $105.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Sixteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $110.96.

ConocoPhillips Trading Up 2.6%

Shares of NYSE:COP opened at $107.63 on Thursday. The company has a 50 day moving average of $95.76 and a 200-day moving average of $93.52. The company has a current ratio of 1.32, a quick ratio of 1.18 and a debt-to-equity ratio of 0.35. The firm has a market cap of $133.00 billion, a P/E ratio of 15.22 and a beta of 0.32. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $108.34.

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. The business had revenue of $15.03 billion for the quarter, compared to analyst estimates of $14.51 billion. ConocoPhillips had a net margin of 14.25% and a return on equity of 13.64%. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter last year, the business earned $1.78 earnings per share. As a group, analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

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.