Natixis Advisors LLC Has $182.86 Million Stake in ConocoPhillips (NYSE:COP)

Natixis Advisors LLC cut its stake in ConocoPhillips (NYSE:COP) by 1.8% in the third quarter, Holdings Channel.com reports. The firm owned 1,736,854 shares of the energy producer’s stock after selling 30,975 shares during the quarter. Natixis Advisors LLC’s holdings in ConocoPhillips were worth $182,855,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in COP. Values First Advisors Inc. bought a new position in shares of ConocoPhillips during the third quarter worth about $26,000. Stephens Consulting LLC grew its stake in shares of ConocoPhillips by 69.3% during the 2nd quarter. Stephens Consulting LLC now owns 254 shares of the energy producer’s stock worth $29,000 after acquiring an additional 104 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in shares of ConocoPhillips in the third quarter valued at approximately $31,000. Y.D. More Investments Ltd bought a new stake in shares of ConocoPhillips in the second quarter worth $35,000. Finally, Fairway Wealth LLC boosted its holdings in ConocoPhillips by 95.6% during the second quarter. Fairway Wealth LLC now owns 313 shares of the energy producer’s stock worth $36,000 after purchasing an additional 153 shares during the last quarter. Institutional investors own 82.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on COP. Wells Fargo & Company reaffirmed a “sector perform” rating on shares of ConocoPhillips in a research report on Friday, October 18th. Susquehanna boosted their price target on ConocoPhillips from $144.00 to $148.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Mizuho raised their price target on shares of ConocoPhillips from $129.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. BMO Capital Markets lifted their target price on shares of ConocoPhillips from $123.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $140.00 price objective on shares of ConocoPhillips in a research note on Friday, September 13th. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $137.63.

ConocoPhillips Trading Down 0.5 %

NYSE:COP opened at $112.32 on Friday. ConocoPhillips has a 52 week low of $101.29 and a 52 week high of $135.18. The firm has a market cap of $129.27 billion, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 0.91 and a beta of 1.21. The firm has a 50-day moving average price of $108.01 and a two-hundred day moving average price of $111.78. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.16 and a current ratio of 1.30.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, October 31st. The energy producer reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.10. The business had revenue of $13.60 billion for the quarter, compared to analysts’ expectations of $13.97 billion. ConocoPhillips had a return on equity of 19.53% and a net margin of 17.29%. The firm’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.16 EPS. On average, equities analysts expect that ConocoPhillips will post 7.8 earnings per share for the current fiscal year.

ConocoPhillips Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 11th will be paid a dividend of $0.78 per share. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, November 8th. This represents a $3.12 annualized dividend and a yield of 2.78%. ConocoPhillips’s dividend payout ratio (DPR) is currently 37.10%.

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.