Federation des caisses Desjardins du Quebec Has $15.81 Million Position in ConocoPhillips $COP

Key Points

• Federation des caisses Desjardins du Quebec increased its stake in ConocoPhillips by 43.1%, acquiring an additional 45,298 shares, bringing its total holdings to 150,517 shares valued at approximately $15.8 million.
• Several institutional investors, including Charles Schwab Investment Management Inc. and Goldman Sachs, have significantly increased their holdings in ConocoPhillips during the first quarter, indicating strong institutional interest in the stock.
• ConocoPhillips reported $1.42 EPS for the last quarter, surpassing analysts' expectations, and also declared a quarterly dividend of $0.78 per share with a yield of 3.2%.

Federation des caisses Desjardins du Quebec increased its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 43.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 150,517 shares of the energy producer's stock after acquiring an additional 45,298 shares during the period. Federation des caisses Desjardins du Quebec's holdings in ConocoPhillips were worth $15,808,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of COP. 10Elms LLP purchased a new stake in shares of ConocoPhillips during the 4th quarter worth approximately $28,000. Financial Network Wealth Advisors LLC boosted its stake in shares of ConocoPhillips by 341.5% during the 1st 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 purchased a new stake in shares of ConocoPhillips during the 1st quarter worth approximately $31,000. Garde Capital Inc. purchased a new stake in shares of ConocoPhillips during the 1st quarter worth approximately $35,000. Finally, IMA Advisory Services Inc. purchased a new stake in shares of ConocoPhillips during the 1st quarter worth approximately $37,000. Hedge funds and other institutional investors own 82.36% of the company's stock.

Insider Activity at ConocoPhillips

In other ConocoPhillips news, EVP Kirk L. Johnson bought 5,300 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were acquired 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 in the company, valued at $1,369,024.48. The trade was a 57.44% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.24% of the company's stock.

ConocoPhillips Trading Down 2.9%

NYSE COP traded down $2.80 on Friday, hitting $92.97. 8,509,766 shares of the stock were exchanged, compared to its average volume of 6,192,091. ConocoPhillips has a 52-week low of $79.88 and a 52-week high of $116.08. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.27 and a quick ratio of 1.10. The company has a market capitalization of $116.12 billion, a price-to-earnings ratio of 12.48, a P/E/G ratio of 2.43 and a beta of 0.69. The company's 50-day moving average price is $94.76 and its two-hundred day moving average price is $93.15.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $14.94 billion for the quarter, compared to analysts' expectations of $14.39 billion. ConocoPhillips had a net margin of 15.26% and a return on equity of 14.60%. The company's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.98 EPS. Research analysts predict that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently issued reports on COP shares. Citigroup cut their price objective on ConocoPhillips from $140.00 to $115.00 and set a "buy" rating for the company in a research report on Wednesday, June 11th. Susquehanna reduced their price target on ConocoPhillips from $114.00 to $113.00 and set a "positive" rating on the stock in a research note on Wednesday, July 23rd. Royal Bank Of Canada lowered their price target on ConocoPhillips from $115.00 to $113.00 and set an "outperform" rating for the company in a report on Friday, July 11th. Wells Fargo & Company restated an "overweight" rating and set a $117.00 price objective (up previously from $113.00) on shares of ConocoPhillips in a research note on Thursday, June 26th. Finally, Melius initiated coverage on shares of ConocoPhillips in a report on Wednesday, August 20th. They issued a "hold" rating and a $117.00 target price on the stock. Sixteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, ConocoPhillips currently 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.