Dupont Capital Management Corp Sells 12,217 Shares of ConocoPhillips $COP

Key Points

• Dupont Capital Management Corp sold 12,217 shares of ConocoPhillips, reducing its stake by 14.5%, leaving it with 71,960 shares worth approximately $6.46 million.
• ConocoPhillips announced a quarterly dividend of $0.78 per share, representing a 3.6% yield with a dividend payout ratio of 41.88%.
• Several institutional investors have altered their positions, with notable increases in share ownership by Advantage Trust Co and Schwartz Investment Counsel Inc., demonstrating strong institutional interest in ConocoPhillips.

Dupont Capital Management Corp decreased its position in shares of ConocoPhillips (NYSE:COP - Free Report) by 14.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,960 shares of the energy producer's stock after selling 12,217 shares during the period. Dupont Capital Management Corp's holdings in ConocoPhillips were worth $6,458,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Advantage Trust Co boosted its position in shares of ConocoPhillips by 1,075.3% during the 2nd quarter. Advantage Trust Co now owns 1,093 shares of the energy producer's stock worth $98,000 after acquiring an additional 1,000 shares in the last quarter. Schwartz Investment Counsel Inc. boosted its position in shares of ConocoPhillips by 16.0% during the 2nd quarter. Schwartz Investment Counsel Inc. now owns 56,600 shares of the energy producer's stock worth $5,079,000 after acquiring an additional 7,800 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of ConocoPhillips by 4.6% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 133,664 shares of the energy producer's stock worth $11,995,000 after acquiring an additional 5,853 shares in the last quarter. Whittier Trust Co. boosted its position in shares of ConocoPhillips by 14.7% during the 2nd quarter. Whittier Trust Co. now owns 286,605 shares of the energy producer's stock worth $25,719,000 after acquiring an additional 36,782 shares in the last quarter. Finally, Klingman & Associates LLC acquired a new stake in shares of ConocoPhillips during the 2nd quarter worth approximately $246,000. Institutional investors and hedge funds own 82.36% of the company's stock.

ConocoPhillips Stock Up 0.6%

NYSE:COP opened at $87.01 on Tuesday. The firm's 50 day simple moving average is $93.91 and its 200 day simple moving average is $91.92. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.27 and a quick ratio of 1.10. ConocoPhillips has a one year low of $79.88 and a one year high of $115.38. The company has a market cap of $108.67 billion, a PE ratio of 11.68, a P/E/G ratio of 2.29 and a beta of 0.62.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its earnings results on Thursday, August 7th. The energy producer reported $1.42 EPS for the quarter, topping 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 last year, the company earned $1.98 EPS. The firm's revenue was up 4.3% compared to the same quarter last year. On average, research analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were given a dividend of $0.78 per share. The ex-dividend date was Monday, August 18th. This represents a $3.12 annualized dividend and a yield of 3.6%. ConocoPhillips's dividend payout ratio (DPR) is currently 41.88%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on COP. JPMorgan Chase & Co. increased their price target on shares of ConocoPhillips from $114.00 to $115.00 and gave the stock an "overweight" rating in a research report on Thursday, October 9th. Roth Capital reduced their price target on shares of ConocoPhillips from $108.00 to $100.00 and set a "buy" rating on the stock in a research note on Wednesday, October 15th. UBS Group reduced their price target on shares of ConocoPhillips from $124.00 to $122.00 and set a "buy" rating on the stock in a research note on Monday, October 13th. Royal Bank Of Canada raised their price target on shares of ConocoPhillips from $113.00 to $118.00 and gave the company an "outperform" rating in a research note on Monday, October 13th. Finally, Jefferies Financial Group reduced their price target on shares of ConocoPhillips from $129.00 to $120.00 and set a "buy" rating on the stock in a research note on Monday, October 13th. Eighteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $115.63.

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.

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