9,568 Shares in ConocoPhillips $COP Bought by MASTERINVEST Kapitalanlage GmbH

Key Points

• MASTERINVEST Kapitalanlage GmbH acquired 9,568 ConocoPhillips shares during the second quarter, valued at approximately $995,000. Institutional investors and hedge funds own 82.36% of the company.
• ConocoPhillips reported stronger-than-expected quarterly results, with EPS of $3.24 versus the $2.90 consensus estimate and revenue of $19.52 billion, up 32.4% year over year.
• The company declared a quarterly dividend of $0.84 per share, equivalent to a $3.36 annualized payout and a 2.6% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $140.29.

MASTERINVEST Kapitalanlage GmbH acquired a new position in ConocoPhillips (NYSE:COP - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 9,568 shares of the energy producer's stock, valued at approximately $995,000.

Several other large investors also recently modified their holdings of the company. Patten Group Inc. raised its stake in ConocoPhillips by 1.5% during the 1st quarter. Patten Group Inc. now owns 5,447 shares of the energy producer's stock worth $719,000 after buying an additional 83 shares during the period. IFC Advisors LLC grew its stake in ConocoPhillips by 0.4% in the first quarter. IFC Advisors LLC now owns 20,182 shares of the energy producer's stock valued at $2,664,000 after acquiring an additional 84 shares during the period. Cornerstone Planning Group LLC grew its stake in ConocoPhillips by 9.6% in the first quarter. Cornerstone Planning Group LLC now owns 1,006 shares of the energy producer's stock valued at $124,000 after acquiring an additional 88 shares during the period. Blue Trust Inc. increased its holdings in shares of ConocoPhillips by 0.4% during the first quarter. Blue Trust Inc. now owns 21,144 shares of the energy producer's stock valued at $2,791,000 after acquiring an additional 92 shares in the last quarter. Finally, Sigma Planning Corp raised its position in shares of ConocoPhillips by 0.6% during the first quarter. Sigma Planning Corp now owns 16,062 shares of the energy producer's stock worth $2,120,000 after purchasing an additional 94 shares during the period. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at ConocoPhillips

In related news, SVP Andrew D. Lundquist sold 9,487 shares of the business's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $135.15, for a total value of $1,282,168.05. Following the completion of the sale, the senior vice president owned 9,593 shares in the company, valued at $1,296,493.95. The trade was a 49.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.09% of the company's stock.

ConocoPhillips Stock Up 0.7%

COP opened at $130.46 on Friday. ConocoPhillips has a 12 month low of $85.57 and a 12 month high of $135.88. The company has a market cap of $156.73 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 1.36 and a beta of 0.11. 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 company has a 50 day moving average of $117.42 and a 200 day moving average of $118.56.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its earnings results on Thursday, August 6th. The energy producer reported $3.24 EPS for the quarter, topping the consensus estimate of $2.90 by $0.34. The business had revenue of $19.52 billion during the quarter, compared to the consensus estimate of $18.79 billion. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%.The firm's revenue was up 32.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.42 EPS. On average, sell-side analysts expect that ConocoPhillips will post 10.55 EPS for the current year.

ConocoPhillips Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a dividend of $0.84 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.36 annualized dividend and a yield of 2.6%. ConocoPhillips's payout ratio is 44.44%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Wall Street Zen raised shares of ConocoPhillips from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Barclays dropped their price objective on shares of ConocoPhillips from $155.00 to $150.00 and set an "overweight" rating on the stock in a research note on Monday, August 17th. Jefferies Financial Group lifted their price objective on shares of ConocoPhillips from $160.00 to $161.00 and gave the company a "buy" rating in a report on Monday, May 18th. BMO Capital Markets decreased their target price on shares of ConocoPhillips from $140.00 to $135.00 and set an "outperform" rating for the company in a research report on Wednesday, May 13th. Finally, The Goldman Sachs Group lowered their target price on shares of ConocoPhillips from $144.00 to $138.00 and set a "buy" rating on the stock in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $140.29.

ConocoPhillips Profile

ConocoPhillips NYSE: COP is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company's activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.

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