B&D White Capital Company LLC Trims Stake in ConocoPhillips (NYSE:COP)

B&D White Capital Company LLC cut its position in ConocoPhillips (NYSE:COP) by 87.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 13,075 shares of the energy producer’s stock after selling 92,960 shares during the quarter. B&D White Capital Company LLC’s holdings in ConocoPhillips were worth $1,297,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of COP. AMF Tjanstepension AB lifted its position in ConocoPhillips by 4.7% during the third quarter. AMF Tjanstepension AB now owns 1,163,724 shares of the energy producer’s stock valued at $122,628,000 after purchasing an additional 52,334 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of ConocoPhillips by 7.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 166,451 shares of the energy producer’s stock worth $17,431,000 after acquiring an additional 11,120 shares during the last quarter. Arkadios Wealth Advisors increased its stake in ConocoPhillips by 5.2% in the 3rd quarter. Arkadios Wealth Advisors now owns 14,766 shares of the energy producer’s stock worth $1,555,000 after buying an additional 725 shares during the period. Mattern Capital Management LLC increased its stake in ConocoPhillips by 16.0% in the 3rd quarter. Mattern Capital Management LLC now owns 7,637 shares of the energy producer’s stock worth $804,000 after buying an additional 1,051 shares during the period. Finally, Bristlecone Advisors LLC increased its stake in ConocoPhillips by 38.5% in the 3rd quarter. Bristlecone Advisors LLC now owns 7,253 shares of the energy producer’s stock worth $764,000 after buying an additional 2,018 shares during the period. 82.36% of the stock is owned by hedge funds and other institutional investors.

ConocoPhillips Stock Down 4.0 %

COP stock opened at $97.90 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. ConocoPhillips has a 52 week low of $94.23 and a 52 week high of $135.18. The firm has a 50 day moving average of $100.11 and a 200 day moving average of $105.43. The stock has a market capitalization of $124.57 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 0.79 and a beta of 1.18.

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

ConocoPhillips Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on COP. Evercore ISI reaffirmed an “outperform” rating and issued a $165.00 price target on shares of ConocoPhillips in a research note on Friday, December 6th. UBS Group reduced their price target on shares of ConocoPhillips from $140.00 to $137.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. TD Cowen began coverage on shares of ConocoPhillips in a research note on Friday, January 17th. They issued a “buy” rating and a $125.00 price target on the stock. The Goldman Sachs Group set a $132.00 target price on shares of ConocoPhillips in a research report on Thursday, January 30th. Finally, Wells Fargo & Company cut their target price on shares of ConocoPhillips from $132.00 to $128.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $133.47.

Insider Buying and Selling

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

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.