ConocoPhillips (NYSE:COP) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its holdings in ConocoPhillips (NYSE:COP) by 10.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 357,420 shares of the energy producer’s stock after buying an additional 33,072 shares during the period. Commonwealth Equity Services LLC’s holdings in ConocoPhillips were worth $37,032,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Bank Julius Baer & Co. Ltd Zurich boosted its position in ConocoPhillips by 97,756.1% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,354,810,556 shares of the energy producer’s stock valued at $140,371,922,000 after purchasing an additional 1,353,426,064 shares during the period. Moneta Group Investment Advisors LLC lifted its holdings in ConocoPhillips by 98,832.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,584,373 shares of the energy producer’s stock worth $1,012,956,000 after purchasing an additional 8,575,696 shares during the period. Morgan Stanley lifted its holdings in ConocoPhillips by 26.6% in the fourth quarter. Morgan Stanley now owns 16,647,723 shares of the energy producer’s stock worth $1,964,432,000 after purchasing an additional 3,497,750 shares during the period. Cowa LLC increased its stake in ConocoPhillips by 6,475.2% during the 1st quarter. Cowa LLC now owns 2,375,224 shares of the energy producer’s stock valued at $2,383,000 after buying an additional 2,339,100 shares during the period. Finally, Two Sigma Investments LP lifted its stake in shares of ConocoPhillips by 794.6% in the 1st quarter. Two Sigma Investments LP now owns 2,313,596 shares of the energy producer’s stock worth $229,532,000 after acquiring an additional 2,054,974 shares during the period. Institutional investors own 80.36% of the company’s stock.

Insider Transactions at ConocoPhillips

In related news, Director Timothy A. Leach sold 44,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $114.64, for a total value of $5,044,160.00. Following the completion of the sale, the director now owns 578,748 shares of the company’s stock, valued at approximately $66,347,670.72. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Timothy A. Leach sold 44,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $114.64, for a total transaction of $5,044,160.00. Following the transaction, the director now owns 578,748 shares in the company, valued at approximately $66,347,670.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Michael Lance sold 569,400 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $122.14, for a total transaction of $69,546,516.00. Following the completion of the sale, the chief executive officer now owns 18,187 shares of the company’s stock, valued at $2,221,360.18. The disclosure for this sale can be found here. Insiders sold 646,049 shares of company stock valued at $78,636,116 in the last three months. Corporate insiders own 0.37% of the company’s stock.

ConocoPhillips Trading Up 2.3 %

NYSE COP opened at $114.59 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.53 and a debt-to-equity ratio of 0.38. ConocoPhillips has a 1-year low of $91.53 and a 1-year high of $130.55. The firm’s fifty day simple moving average is $119.68 and its 200-day simple moving average is $112.41. The company has a market capitalization of $136.07 billion, a PE ratio of 12.52, a price-to-earnings-growth ratio of 0.68 and a beta of 1.28.

ConocoPhillips Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 14th will be given a $0.58 dividend. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.51. This represents a $2.32 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Monday, November 13th. ConocoPhillips’s dividend payout ratio is presently 25.36%.

Analysts Set New Price Targets

A number of research firms have weighed in on COP. Royal Bank of Canada upped their target price on ConocoPhillips from $130.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 14th. Wells Fargo & Company upped their price target on shares of ConocoPhillips from $134.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, August 4th. Jefferies Financial Group lifted their price objective on shares of ConocoPhillips from $141.00 to $143.00 and gave the stock a “buy” rating in a research note on Monday, October 2nd. Erste Group Bank raised shares of ConocoPhillips from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Finally, Bank of America lifted their price target on shares of ConocoPhillips from $145.00 to $150.00 in a research report on Wednesday, September 27th. Five analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, ConocoPhillips currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.35.

ConocoPhillips Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.