ConocoPhillips $COP Shares Bought by CW Advisors LLC

Key Points

• CW Advisors LLC has increased its holdings in ConocoPhillips by 15.3%, now owning 166,897 shares worth approximately $17.5 million.
• ConocoPhillips recently declared a quarterly dividend of $0.78, which is part of an annualized payout of $3.12 and a dividend yield of 3.3%.
• Research analysts have a consensus target price of $120.95 for ConocoPhillips, with 16 analysts rating it as a Buy and four as a Hold.

CW Advisors LLC raised its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 15.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 166,897 shares of the energy producer's stock after purchasing an additional 22,183 shares during the quarter. CW Advisors LLC's holdings in ConocoPhillips were worth $17,513,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. TD Waterhouse Canada Inc. increased its position in shares of ConocoPhillips by 111.9% during the fourth quarter. TD Waterhouse Canada Inc. now owns 30,460 shares of the energy producer's stock worth $3,020,000 after acquiring an additional 16,086 shares during the period. J. Safra Sarasin Holding AG increased its holdings in ConocoPhillips by 25.2% during the 4th quarter. J. Safra Sarasin Holding AG now owns 7,148 shares of the energy producer's stock worth $709,000 after purchasing an additional 1,439 shares during the period. IHT Wealth Management LLC raised its position in ConocoPhillips by 9.1% during the 4th quarter. IHT Wealth Management LLC now owns 10,124 shares of the energy producer's stock valued at $1,004,000 after purchasing an additional 848 shares in the last quarter. Dark Forest Capital Management LP lifted its holdings in shares of ConocoPhillips by 190.1% in the 4th quarter. Dark Forest Capital Management LP now owns 11,916 shares of the energy producer's stock worth $1,182,000 after buying an additional 7,808 shares during the period. Finally, MGO One Seven LLC lifted its holdings in shares of ConocoPhillips by 19.5% in the 4th quarter. MGO One Seven LLC now owns 21,037 shares of the energy producer's stock worth $2,086,000 after buying an additional 3,437 shares during the period. 82.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Morgan Stanley restated an "overweight" rating and set a $123.00 price target (up previously from $119.00) on shares of ConocoPhillips in a research note on Sunday, August 10th. 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 note on Friday, July 11th. Bank of America lowered their target price on ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. Raymond James Financial increased their target price on ConocoPhillips from $109.00 to $117.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Finally, Wall Street Zen cut ConocoPhillips from a "hold" rating to a "sell" rating in a research note on Friday. Sixteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $120.95.

Insider Activity

In related news, EVP Kirk L. Johnson acquired 5,300 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The stock was purchased at an average cost of $94.24 per share, with a total value of $499,472.00. Following the transaction, the executive vice president directly owned 14,527 shares of the company's stock, valued at $1,369,024.48. This trade represents a 57.44% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.24% of the stock is currently owned by company insiders.

ConocoPhillips Stock Up 1.9%

Shares of COP stock traded up $1.8440 during trading hours on Friday, reaching $96.6240. 6,338,392 shares of the company's stock were exchanged, compared to its average volume of 6,881,362. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $116.08. The stock's 50 day moving average is $93.80 and its 200-day moving average is $93.18. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35. The company has a market cap of $120.68 billion, a price-to-earnings ratio of 12.97, a P/E/G ratio of 2.53 and a beta of 0.67.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its earnings results on Thursday, August 7th. The energy producer reported $1.42 earnings per share for the quarter, topping 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 firm had revenue of $14.94 billion for the quarter, compared to the consensus estimate of $14.39 billion. During the same period in the previous year, the business earned $1.98 EPS. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. Analysts predict that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

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

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, 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.