Capital Analysts LLC Has $14.14 Million Stake in ConocoPhillips $COP

Key Points

• Capital Analysts LLC increased its stake in ConocoPhillips by 7.8%, owning a total of 134,622 shares valued at approximately $14.1 million following the purchase of 9,740 shares.
• ConocoPhillips announced a quarterly dividend of $0.78, reflecting a 3.3% yield, with a payout ratio of 41.88%.
• The stock has been rated as a "Moderate Buy" by analysts, with a consensus price target of $120.89, as several investment firms have recently adjusted their price objectives for the company.

Capital Analysts LLC boosted its position in shares of ConocoPhillips (NYSE:COP - Free Report) by 7.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,622 shares of the energy producer's stock after acquiring an additional 9,740 shares during the quarter. Capital Analysts LLC's holdings in ConocoPhillips were worth $14,138,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in COP. 10Elms LLP bought a new stake in ConocoPhillips during the fourth quarter worth $28,000. Financial Network Wealth Advisors LLC raised its position in ConocoPhillips by 341.5% during the first quarter. Financial Network Wealth Advisors LLC now owns 287 shares of the energy producer's stock worth $30,000 after acquiring an additional 222 shares in the last quarter. Stone House Investment Management LLC bought a new stake in ConocoPhillips during the first quarter worth $31,000. Garde Capital Inc. bought a new stake in ConocoPhillips during the first quarter worth $35,000. Finally, IMA Advisory Services Inc. bought a new stake in ConocoPhillips during the first quarter worth $37,000. 82.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

COP has been the topic of several research analyst reports. Roth Capital reissued a "buy" rating and issued a $108.00 price objective on shares of ConocoPhillips in a research report on Thursday, August 7th. Wells Fargo & Company reissued an "overweight" rating and issued a $117.00 price objective (up from $113.00) on shares of ConocoPhillips in a research report on Thursday, June 26th. Royal Bank Of Canada dropped their price objective on shares of ConocoPhillips from $115.00 to $113.00 and set an "outperform" rating on the stock in a research report on Friday, July 11th. Bank of America dropped their price objective on shares of ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Finally, Raymond James Financial increased their price objective on shares of ConocoPhillips from $109.00 to $117.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Sixteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, ConocoPhillips presently has a consensus rating of "Moderate Buy" and an average price target of $120.95.

ConocoPhillips Stock Performance

Shares of COP stock traded up $1.8440 on Friday, hitting $96.6240. The company's stock had a trading volume of 6,338,392 shares, compared to its average volume of 6,789,525. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.27. The stock's 50 day moving average is $93.80 and its 200-day moving average is $93.28. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $116.08. The company has a market capitalization of $120.68 billion, a PE ratio of 12.97, a PEG ratio of 2.48 and a beta of 0.67.

ConocoPhillips (NYSE:COP - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The energy producer reported $1.42 EPS for the quarter, beating the consensus estimate of $1.36 by $0.06. ConocoPhillips had a net margin of 15.26% and a return on equity of 14.60%. The business had revenue of $14.94 billion for the quarter, compared to the consensus estimate of $14.39 billion. During the same period in the prior year, the company posted $1.98 earnings per share. ConocoPhillips's revenue was up 4.3% compared to the same quarter last year. Equities research analysts expect that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Monday, August 18th. ConocoPhillips's dividend payout ratio is presently 41.88%.

Insider Transactions at ConocoPhillips

In other news, EVP Kirk L. Johnson acquired 5,300 shares of ConocoPhillips stock in a transaction on Monday, June 16th. The shares were purchased at an average cost of $94.24 per share, for a total transaction of $499,472.00. Following the completion of the purchase, the executive vice president directly owned 14,527 shares of the company's stock, valued at approximately $1,369,024.48. This represents a 57.44% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.24% of the stock is owned by insiders.

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, 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.