Edmond DE Rothschild Holding S.A. Has $33.11 Million Position in ConocoPhillips $COP

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in ConocoPhillips by 13.1%, owning 315,308 shares valued at approximately $33.11 million.
• ConocoPhillips reported an EPS of $1.42 for the last quarter, exceeding analyst estimates, with revenue of $14.94 billion.
• The company declared a quarterly dividend of $0.78 per share, translating to an annualized yield of 3.3%.

Edmond DE Rothschild Holding S.A. increased its stake in ConocoPhillips (NYSE:COP - Free Report) by 13.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 315,308 shares of the energy producer's stock after purchasing an additional 36,560 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in ConocoPhillips were worth $33,114,000 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 the stock. Charles Schwab Investment Management Inc. lifted its holdings in ConocoPhillips by 379.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 40,094,754 shares of the energy producer's stock worth $4,210,751,000 after purchasing an additional 31,736,423 shares during the last quarter. Wellington Management Group LLP increased its position in ConocoPhillips by 1.4% in the 1st quarter. Wellington Management Group LLP now owns 31,610,608 shares of the energy producer's stock worth $3,319,746,000 after buying an additional 437,709 shares during the period. Goldman Sachs Group Inc. increased its position in ConocoPhillips by 30.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,972,545 shares of the energy producer's stock worth $942,297,000 after buying an additional 2,080,625 shares during the period. Ameriprise Financial Inc. increased its position in ConocoPhillips by 15.1% in the 1st quarter. Ameriprise Financial Inc. now owns 8,202,861 shares of the energy producer's stock worth $861,490,000 after buying an additional 1,073,906 shares during the period. Finally, Nuveen LLC bought a new position in ConocoPhillips in the 1st quarter worth approximately $658,981,000. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Price Performance

NYSE:COP traded down $1.60 during trading hours on Monday, reaching $91.35. The company had a trading volume of 9,746,249 shares, compared to its average volume of 8,010,203. The stock has a 50-day moving average of $94.76 and a two-hundred day moving average of $93.08. ConocoPhillips has a one year low of $79.88 and a one year high of $116.08. The firm has a market capitalization of $114.09 billion, a PE ratio of 12.26, a PEG ratio of 2.43 and a beta of 0.69. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.35.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The energy producer reported $1.42 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $14.39 billion. During the same period in the prior year, the business posted $1.98 earnings per share. The business's revenue was up 4.3% compared to the same quarter last year. Analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Monday, August 18th. ConocoPhillips's dividend payout ratio is 41.88%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Royal Bank Of Canada dropped their price target on ConocoPhillips from $115.00 to $113.00 and set an "outperform" rating on the stock in a research report on Friday, July 11th. Wall Street Zen downgraded ConocoPhillips from a "hold" rating to a "sell" rating in a research report on Friday, August 22nd. Susquehanna dropped their price target on ConocoPhillips from $114.00 to $113.00 and set a "positive" rating on the stock in a research report on Wednesday, July 23rd. UBS Group lifted their price target on ConocoPhillips from $116.00 to $124.00 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. Finally, Bank of America dropped their price target on ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Sixteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $120.86.

Insiders Place Their Bets

In related news, EVP Kirk L. Johnson purchased 5,300 shares of the 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 transaction, the executive vice president directly owned 14,527 shares of the company's stock, valued at approximately $1,369,024.48. The trade was a 57.44% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.24% of the stock is owned by company 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.