Courier Capital LLC Buys 377 Shares of ConocoPhillips (NYSE:COP)

Courier Capital LLC boosted its stake in shares of ConocoPhillips (NYSE:COP) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,489 shares of the energy producer’s stock after buying an additional 377 shares during the quarter. Courier Capital LLC’s holdings in ConocoPhillips were worth $4,119,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in COP. Orion Capital Management LLC bought a new position in ConocoPhillips during the third quarter worth about $27,000. RVW Wealth LLC bought a new position in ConocoPhillips during the third quarter worth about $28,000. West Tower Group LLC bought a new position in ConocoPhillips during the second quarter worth about $27,000. Oliver Lagore Vanvalin Investment Group boosted its position in ConocoPhillips by 63.1% during the third quarter. Oliver Lagore Vanvalin Investment Group now owns 287 shares of the energy producer’s stock worth $34,000 after purchasing an additional 111 shares during the period. Finally, Fairfield Bush & CO. bought a new position in ConocoPhillips during the first quarter worth about $31,000. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Trading Up 0.7 %

Shares of COP opened at $126.88 on Thursday. The firm’s 50 day simple moving average is $113.49 and its 200 day simple moving average is $116.01. The company has a market capitalization of $149.26 billion, a P/E ratio of 14.00, a P/E/G ratio of 2.87 and a beta of 1.23. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 1.29. ConocoPhillips has a 1-year low of $95.70 and a 1-year high of $127.35.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, February 8th. The energy producer reported $2.40 EPS for the quarter, topping the consensus estimate of $2.08 by $0.32. The firm had revenue of $15.31 billion for the quarter, compared to the consensus estimate of $14.47 billion. ConocoPhillips had a net margin of 18.71% and a return on equity of 22.08%. During the same period last year, the firm posted $2.71 earnings per share. Sell-side analysts forecast that ConocoPhillips will post 8.79 earnings per share for the current fiscal year.

ConocoPhillips Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 19th were paid a dividend of $0.78 per share. The ex-dividend date was Thursday, February 15th. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.58. This represents a $3.12 annualized dividend and a dividend yield of 2.46%. ConocoPhillips’s dividend payout ratio (DPR) is 25.61%.

Insiders Place Their Bets

In other ConocoPhillips news, EVP Nicholas G. Olds sold 12,150 shares of ConocoPhillips stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $126.44, for a total transaction of $1,536,246.00. Following the transaction, the executive vice president now directly owns 14,522 shares of the company’s stock, valued at $1,836,161.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Christopher P. Delk sold 8,505 shares of ConocoPhillips stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $112.06, for a total value of $953,070.30. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Nicholas G. Olds sold 12,150 shares of ConocoPhillips stock in a transaction on Monday, March 25th. The stock was sold at an average price of $126.44, for a total transaction of $1,536,246.00. Following the completion of the transaction, the executive vice president now directly owns 14,522 shares in the company, valued at $1,836,161.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 700,775 shares of company stock valued at $87,615,169. 0.37% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

COP has been the subject of a number of research reports. Johnson Rice lowered shares of ConocoPhillips from an “accumulate” rating to a “hold” rating in a research report on Thursday, December 14th. Susquehanna cut their price objective on shares of ConocoPhillips from $152.00 to $133.00 and set a “positive” rating for the company in a research report on Friday, January 26th. JPMorgan Chase & Co. cut their price objective on shares of ConocoPhillips from $153.00 to $141.00 and set a “neutral” rating for the company in a research report on Friday, December 8th. Raymond James cut their price objective on shares of ConocoPhillips from $140.00 to $137.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 24th. Finally, Mizuho restated a “neutral” rating and issued a $139.00 price objective (up from $132.00) on shares of ConocoPhillips in a research report on Friday, March 22nd. Six equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $135.12.

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.