21,644 ConocoPhillips $COP Shares Bought by Mather Group LLC.

Key Points

• Mather Group LLC more than doubled its ConocoPhillips stake in the third quarter, acquiring 21,644 additional shares and bringing its holdings to 41,665 shares valued at approximately $5.2 million.
• ConocoPhillips reported strong quarterly results, with earnings of $3.24 per share and revenue of $19.52 billion, exceeding analyst estimates; revenue increased 32.4% year over year.
• The company declared a quarterly dividend of $0.84 per share, equivalent to an annualized $3.36 dividend and a 2.4% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $143.62.

Mather Group LLC. boosted its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 108.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,665 shares of the energy producer's stock after buying an additional 21,644 shares during the quarter. Mather Group LLC.'s holdings in ConocoPhillips were worth $5,214,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in COP. Frazier Financial Advisors LLC boosted its stake in ConocoPhillips by 151.0% in the first quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer's stock valued at $32,000 after acquiring an additional 145 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of ConocoPhillips during the 4th quarter valued at approximately $25,000. Ballast Advisors LLC purchased a new stake in shares of ConocoPhillips during the 1st quarter worth approximately $36,000. Evergreen Advisors LLC purchased a new stake in shares of ConocoPhillips during the 1st quarter worth approximately $36,000. Finally, Allied Private Wealth LLC purchased a new stake in shares of ConocoPhillips during the 2nd quarter worth approximately $32,000. Institutional investors own 82.36% of the company's stock.

Insider Buying and Selling at ConocoPhillips

In other news, SVP Andrew Lundquist sold 9,487 shares of the company's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $135.15, for a total value of $1,282,168.05. Following the transaction, the senior vice president owned 9,593 shares of the company's stock, valued at approximately $1,296,493.95. This represents a 49.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.09% of the company's stock.

ConocoPhillips Price Performance

Shares of NYSE:COP opened at $141.66 on Friday. The company has a 50 day moving average of $131.53 and a 200 day moving average of $122.27. The company has a current ratio of 1.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35. The stock has a market cap of $170.19 billion, a P/E ratio of 18.74, a P/E/G ratio of 1.46 and a beta of 0.24. ConocoPhillips has a 12 month low of $85.57 and a 12 month high of $143.13.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its earnings results on Thursday, August 6th. The energy producer reported $3.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.34. ConocoPhillips had a net margin of 14.22% and a return on equity of 14.72%. The business had revenue of $19.52 billion for the quarter, compared to analysts' expectations of $18.79 billion. During the same period in the prior year, the company posted $1.42 EPS. The business's revenue for the quarter was up 32.4% compared to the same quarter last year. As a group, sell-side analysts forecast that ConocoPhillips will post 10.84 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were issued a $0.84 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $3.36 annualized dividend and a dividend yield of 2.4%. ConocoPhillips's dividend payout ratio is presently 44.44%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. UBS Group lifted their price target on shares of ConocoPhillips from $153.00 to $169.00 and gave the stock a "buy" rating in a report on Monday, September 14th. Argus increased their price objective on ConocoPhillips from $136.00 to $153.00 and gave the company a "buy" rating in a report on Wednesday, August 19th. Royal Bank Of Canada set a $130.00 price objective on ConocoPhillips in a report on Monday, June 22nd. Raymond James Financial reissued an "underperform" rating and issued a $168.00 target price on shares of ConocoPhillips in a research report on Monday, August 24th. Finally, Zacks Research upgraded ConocoPhillips from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, ConocoPhillips presently has a consensus rating of "Moderate Buy" and a consensus target price of $143.62.

ConocoPhillips Profile

ConocoPhillips NYSE: COP is an independent exploration and production company engaged in finding, developing and producing crude oil, natural gas, natural gas liquids and liquefied natural gas. Unlike integrated energy companies, ConocoPhillips focuses primarily on upstream activities rather than refining and retail fuel operations.

The company has a diversified portfolio of assets in major producing regions, including the United States, Canada, Australia, Norway and Qatar. Its U.S. operations include oil and gas developments in Alaska and the Lower 48 states, while its international portfolio includes conventional and offshore projects.

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