Credit Agricole S A Has $84.17 Million Holdings in ConocoPhillips $COP

Key Points

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Credit Agricole S A raised its holdings in ConocoPhillips (NYSE:COP - Free Report) by 111.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 801,429 shares of the energy producer's stock after buying an additional 421,733 shares during the quarter. Credit Agricole S A owned 0.06% of ConocoPhillips worth $84,166,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Second Line Capital LLC lifted its position in ConocoPhillips by 2.2% during the fourth quarter. Second Line Capital LLC now owns 4,990 shares of the energy producer's stock worth $495,000 after purchasing an additional 108 shares during the period. Meiji Yasuda Life Insurance Co lifted its position in ConocoPhillips by 1.6% during the fourth quarter. Meiji Yasuda Life Insurance Co now owns 7,091 shares of the energy producer's stock worth $703,000 after purchasing an additional 110 shares during the period. LRI Investments LLC lifted its position in ConocoPhillips by 3.6% during the fourth quarter. LRI Investments LLC now owns 3,184 shares of the energy producer's stock worth $316,000 after purchasing an additional 110 shares during the period. KLCM Advisors Inc. lifted its position in ConocoPhillips by 2.6% during the first quarter. KLCM Advisors Inc. now owns 4,503 shares of the energy producer's stock worth $473,000 after purchasing an additional 115 shares during the period. Finally, Deseret Mutual Benefit Administrators lifted its position in ConocoPhillips by 3.9% during the first quarter. Deseret Mutual Benefit Administrators now owns 3,177 shares of the energy producer's stock worth $334,000 after purchasing an additional 118 shares during the period. Institutional investors own 82.36% of the company's stock.

Insider Activity

In other news, EVP Kirk L. Johnson acquired 5,300 shares of the stock in a transaction dated Monday, June 16th. The stock was bought at an average price of $94.24 per share, with a total value 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 $1,369,024.48. This represents a 57.44% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.24% of the stock is owned by corporate insiders.

ConocoPhillips Trading Up 1.9%

Shares of ConocoPhillips stock traded up $1.8440 on Friday, hitting $96.6240. The stock had a trading volume of 6,338,392 shares, compared to its average volume of 6,789,525. The stock has a 50 day moving average of $93.80 and a 200 day moving average of $93.23. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $116.08. 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 firm has a market capitalization of $120.68 billion, a P/E ratio of 12.97, a PEG ratio of 2.53 and a beta of 0.67.

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

ConocoPhillips Announces Dividend

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

Analyst Ratings Changes

COP has been the subject of several recent analyst reports. Royal Bank Of Canada cut their price objective on shares of ConocoPhillips from $115.00 to $113.00 and set an "outperform" rating for the company in a research report on Friday, July 11th. Raymond James Financial upped their price objective on shares of ConocoPhillips from $109.00 to $117.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Susquehanna dropped their target price on shares of ConocoPhillips from $114.00 to $113.00 and set a "positive" rating for the company in a report on Wednesday, July 23rd. Scotiabank increased their target price on shares of ConocoPhillips from $95.00 to $100.00 and gave the stock a "sector perform" rating in a report on Friday, July 11th. Finally, UBS Group increased their target price on shares of ConocoPhillips from $116.00 to $124.00 and gave the stock a "buy" rating in a report on Wednesday. Sixteen research analysts have rated the stock with a Buy rating and four have issued a Hold 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 $120.95.

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.