Capital World Investors Sells 10,604,310 Shares of ConocoPhillips (NYSE:COP)

Capital World Investors decreased its position in ConocoPhillips (NYSE:COPFree Report) by 40.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 15,607,924 shares of the energy producer’s stock after selling 10,604,310 shares during the quarter. Capital World Investors’ holdings in ConocoPhillips were worth $1,811,638,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Orion Capital Management LLC bought a new position in shares of ConocoPhillips during the third quarter valued at $27,000. West Branch Capital LLC lifted its position in shares of ConocoPhillips by 87.8% during the 4th quarter. West Branch Capital LLC now owns 231 shares of the energy producer’s stock valued at $27,000 after buying an additional 108 shares in the last quarter. Sachetta LLC purchased a new position in shares of ConocoPhillips during the 4th quarter valued at about $27,000. Cape Investment Advisory Inc. lifted its position in shares of ConocoPhillips by 96.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 247 shares of the energy producer’s stock valued at $29,000 after buying an additional 121 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group lifted its position in shares of ConocoPhillips by 63.1% during the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 287 shares of the energy producer’s stock valued at $34,000 after buying an additional 111 shares in the last quarter. Institutional investors own 82.36% of the company’s stock.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, CFO William L. Jr. Bullock sold 45,200 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $123.32, for a total value of $5,574,064.00. Following the completion of the sale, the chief financial officer now directly owns 44,153 shares in the company, valued at $5,444,947.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, EVP Nicholas G. Olds sold 12,150 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $126.44, for a total value 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO William L. Jr. Bullock sold 45,200 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $123.32, for a total value of $5,574,064.00. Following the completion of the transaction, the chief financial officer now owns 44,153 shares of the company’s stock, valued at $5,444,947.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 664,350 shares of company stock worth $83,537,680. 0.34% of the stock is owned by insiders.

Analyst Ratings Changes

COP has been the topic of a number of analyst reports. Mizuho lowered their price objective on ConocoPhillips from $142.00 to $132.00 and set a “neutral” rating on the stock in a research report on Wednesday. Susquehanna lifted their price objective on ConocoPhillips from $133.00 to $154.00 and gave the company a “positive” rating in a research report on Monday, April 22nd. Raymond James restated a “strong-buy” rating and issued a $159.00 price target (up from $155.00) on shares of ConocoPhillips in a research note on Thursday, May 30th. Royal Bank of Canada upped their price target on ConocoPhillips from $135.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 15th. Finally, UBS Group upped their price target on ConocoPhillips from $138.00 to $143.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $144.35.

View Our Latest Stock Report on ConocoPhillips

ConocoPhillips Stock Down 0.0 %

COP stock traded down $0.04 during trading on Wednesday, reaching $112.23. 5,116,909 shares of the company traded hands, compared to its average volume of 5,492,183. ConocoPhillips has a 12 month low of $99.35 and a 12 month high of $135.18. The business has a 50 day simple moving average of $124.81 and a 200 day simple moving average of $117.81. The company has a market capitalization of $131.26 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 2.55 and a beta of 1.22. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.21 and a current ratio of 1.35.

ConocoPhillips (NYSE:COPGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The energy producer reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.04. ConocoPhillips had a return on equity of 20.85% and a net margin of 18.40%. The company had revenue of $14.48 billion for the quarter, compared to the consensus estimate of $14.72 billion. On average, equities research analysts anticipate that ConocoPhillips will post 8.93 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 13th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend was Friday, May 10th. ConocoPhillips’s dividend payout ratio (DPR) is presently 26.27%.

ConocoPhillips Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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