ConocoPhillips (NYSE:COP) Shares Purchased by Delta Financial Group Inc.

Delta Financial Group Inc. boosted its holdings in ConocoPhillips (NYSE:COP) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,100 shares of the energy producer’s stock after acquiring an additional 380 shares during the period. Delta Financial Group Inc.’s holdings in ConocoPhillips were worth $506,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. MONECO Advisors LLC lifted its stake in ConocoPhillips by 4.0% during the fourth quarter. MONECO Advisors LLC now owns 5,461 shares of the energy producer’s stock worth $542,000 after purchasing an additional 209 shares in the last quarter. Pavion Blue Capital LLC raised its stake in shares of ConocoPhillips by 2.2% in the fourth quarter. Pavion Blue Capital LLC now owns 17,594 shares of the energy producer’s stock valued at $1,745,000 after acquiring an additional 373 shares in the last quarter. Howard Capital Management Inc. raised its stake in shares of ConocoPhillips by 16.7% in the fourth quarter. Howard Capital Management Inc. now owns 9,396 shares of the energy producer’s stock valued at $932,000 after acquiring an additional 1,348 shares in the last quarter. Your Advocates Ltd. LLP raised its stake in shares of ConocoPhillips by 14.8% in the fourth quarter. Your Advocates Ltd. LLP now owns 8,309 shares of the energy producer’s stock valued at $824,000 after acquiring an additional 1,069 shares in the last quarter. Finally, Marshall Investment Management LLC acquired a new stake in shares of ConocoPhillips in the fourth quarter valued at $36,000. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Price Performance

Shares of NYSE:COP opened at $97.90 on Friday. The company has a 50-day moving average price of $100.11 and a 200 day moving average price of $105.44. ConocoPhillips has a 52 week low of $94.23 and a 52 week high of $135.18. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. The company has a market cap of $124.57 billion, a P/E ratio of 12.57, a PEG ratio of 0.79 and a beta of 1.18.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. Research analysts predict that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be given a dividend of $0.78 per share. The ex-dividend date is Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.19%. ConocoPhillips’s payout ratio is 40.05%.

Insider Activity

In other ConocoPhillips news, Director Arjun N. Murti acquired 2,500 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was acquired at an average cost of $95.87 per share, with a total value of $239,675.00. Following the purchase, the director now directly owns 21,500 shares in the company, valued at approximately $2,061,205. This trade represents a 13.16 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director R A. Walker acquired 10,400 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were acquired at an average cost of $97.80 per share, with a total value of $1,017,120.00. Following the completion of the purchase, the director now owns 38,000 shares in the company, valued at approximately $3,716,400. This represents a 37.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. UBS Group dropped their target price on ConocoPhillips from $140.00 to $137.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Barclays dropped their price objective on ConocoPhillips from $137.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Morgan Stanley started coverage on ConocoPhillips in a report on Monday, December 16th. They set an “overweight” rating and a $128.00 price objective on the stock. The Goldman Sachs Group set a $132.00 price target on ConocoPhillips in a report on Thursday, January 30th. Finally, Mizuho raised ConocoPhillips from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $132.00 to $134.00 in a report on Monday, December 16th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $133.47.

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.