ConocoPhillips (NYSE:COP – Get Free Report) Director Sharmila Mulligan sold 1,849 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $125.19, for a total value of $231,476.31. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
ConocoPhillips Trading Down 1.1 %
Shares of NYSE COP traded down $1.32 during mid-day trading on Tuesday, reaching $123.16. 4,188,676 shares of the company’s stock were exchanged, compared to its average volume of 5,828,972. The company’s 50-day moving average is $116.22 and its 200-day moving average is $107.25. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.28 and a current ratio of 1.41. The firm has a market capitalization of $147.48 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 0.78 and a beta of 1.30. ConocoPhillips has a 52-week low of $91.53 and a 52-week high of $138.49.
ConocoPhillips (NYSE:COP – Get Free Report) last issued its quarterly earnings data on Thursday, August 3rd. The energy producer reported $1.84 EPS for the quarter, missing the consensus estimate of $1.94 by ($0.10). The company had revenue of $12.88 billion during the quarter, compared to analyst estimates of $14.64 billion. ConocoPhillips had a return on equity of 27.27% and a net margin of 18.66%. During the same quarter in the prior year, the company posted $3.91 earnings per share. Analysts expect that ConocoPhillips will post 8.74 EPS for the current fiscal year.
ConocoPhillips Announces Dividend
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of ConocoPhillips from $134.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, August 4th. Erste Group Bank upgraded ConocoPhillips from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Jefferies Financial Group dropped their price target on shares of ConocoPhillips from $143.00 to $141.00 and set a “buy” rating on the stock in a research note on Monday, August 28th. StockNews.com started coverage on shares of ConocoPhillips in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Finally, Wolfe Research raised ConocoPhillips from a “peer perform” rating to an “outperform” rating and set a $120.00 target price for the company in a report on Friday, July 7th. Five analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $135.11.
Institutional Trading of ConocoPhillips
Several hedge funds have recently made changes to their positions in the business. Arosa Capital Management LP lifted its holdings in ConocoPhillips by 3.4% during the 4th quarter. Arosa Capital Management LP now owns 124,050 shares of the energy producer’s stock worth $14,638,000 after buying an additional 4,050 shares in the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of ConocoPhillips during the first quarter worth $258,000. Axxcess Wealth Management LLC raised its stake in shares of ConocoPhillips by 168.6% in the fourth quarter. Axxcess Wealth Management LLC now owns 16,613 shares of the energy producer’s stock valued at $1,961,000 after acquiring an additional 10,429 shares in the last quarter. Royal Fund Management LLC grew its stake in ConocoPhillips by 24.8% during the 1st quarter. Royal Fund Management LLC now owns 9,272 shares of the energy producer’s stock worth $920,000 after purchasing an additional 1,843 shares in the last quarter. Finally, One Capital Management LLC purchased a new stake in ConocoPhillips during the 1st quarter worth about $270,000. Institutional investors and hedge funds own 80.36% of the company’s stock.
ConocoPhillips Company 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.
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