ConocoPhillips Sees Unusually Large Options Volume (NYSE:COP)

ConocoPhillips (NYSE:COPGet Free Report) saw some unusual options trading on Friday. Stock investors bought 25,147 call options on the stock. This represents an increase of 43% compared to the typical volume of 17,602 call options.

Analyst Ratings Changes

A number of research firms recently commented on COP. Susquehanna lowered their price target on shares of ConocoPhillips from $152.00 to $133.00 and set a “positive” rating on the stock in a report on Friday, January 26th. UBS Group upped their target price on shares of ConocoPhillips from $138.00 to $143.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. JPMorgan Chase & Co. cut their target price on shares of ConocoPhillips from $153.00 to $141.00 and set a “neutral” rating for the company in a research report on Friday, December 8th. Raymond James lowered their price target on shares of ConocoPhillips from $140.00 to $137.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 24th. Finally, Scotiabank upped their price objective on shares of ConocoPhillips from $115.00 to $120.00 and gave the company a “sector perform” rating in a research note on Friday, February 9th. Six equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $134.61.

View Our Latest Report on COP

ConocoPhillips Price Performance

Shares of COP opened at $120.09 on Friday. The company has a market capitalization of $141.28 billion, a P/E ratio of 13.25, a price-to-earnings-growth ratio of 0.73 and a beta of 1.23. The company has a quick ratio of 1.29, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. The firm has a 50 day moving average of $111.85 and a 200 day moving average of $115.97. ConocoPhillips has a twelve month low of $91.53 and a twelve month high of $127.35.

ConocoPhillips (NYSE:COPGet Free Report) last posted its earnings results on Thursday, February 8th. The energy producer reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.32. The business had revenue of $15.31 billion during the quarter, compared to the consensus estimate of $14.47 billion. ConocoPhillips had a net margin of 18.71% and a return on equity of 22.08%. During the same quarter in the previous year, the firm posted $2.71 EPS. As a group, equities research analysts anticipate that ConocoPhillips will post 8.82 earnings per share for the current fiscal year.

ConocoPhillips Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 19th were paid a dividend of $0.78 per share. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.58. The ex-dividend date was Thursday, February 15th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.60%. ConocoPhillips’s payout ratio is 25.61%.

Insider Activity

In related news, VP Christopher P. Delk sold 8,505 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $112.06, for a total value of $953,070.30. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other ConocoPhillips news, EVP Dominic E. Macklon sold 23,372 shares of ConocoPhillips stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $112.17, for a total transaction of $2,621,637.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Christopher P. Delk sold 8,505 shares of ConocoPhillips stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $112.06, for a total transaction of $953,070.30. The disclosure for this sale can be found here. Insiders sold a total of 36,425 shares of company stock worth $4,077,489 in the last three months. Company insiders own 0.37% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of COP. Orion Capital Management LLC purchased a new stake in ConocoPhillips in the 3rd quarter worth $27,000. West Branch Capital LLC increased its holdings in shares of ConocoPhillips by 87.8% in the 4th quarter. West Branch Capital LLC now owns 231 shares of the energy producer’s stock worth $27,000 after buying an additional 108 shares during the last quarter. RVW Wealth LLC bought a new stake in shares of ConocoPhillips in the 3rd quarter worth about $28,000. Sachetta LLC bought a new stake in shares of ConocoPhillips in the 4th quarter worth about $27,000. Finally, Cape Investment Advisory Inc. increased its holdings in shares of ConocoPhillips by 96.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 247 shares of the energy producer’s stock worth $29,000 after buying an additional 121 shares during the last quarter. Hedge funds and other institutional investors own 80.36% of the company’s stock.

ConocoPhillips Company Profile

(Get 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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