ConocoPhillips $COP Shares Purchased by Jump Financial LLC

Key Points

• Jump Financial LLC increased its stake in ConocoPhillips by 154.1% in Q1, now holding shares worth $3.03 million.
• ConocoPhillips reported Q2 earnings of $1.42 EPS, exceeding estimates and achieving revenues of $14.94 billion.
• The company has announced a quarterly dividend of $0.78 per share, indicating a dividend yield of 3.2% and a payout ratio of 41.88%.

Jump Financial LLC lifted its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 154.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,886 shares of the energy producer's stock after acquiring an additional 17,516 shares during the quarter. Jump Financial LLC's holdings in ConocoPhillips were worth $3,034,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of COP. 10Elms LLP purchased a new stake in shares of ConocoPhillips during the fourth quarter worth $28,000. Financial Network Wealth Advisors LLC increased its position in shares of ConocoPhillips by 341.5% during the first 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 during the period. Stone House Investment Management LLC purchased a new stake in shares of ConocoPhillips during the first quarter worth $31,000. Garde Capital Inc. purchased a new stake in shares of ConocoPhillips during the first quarter worth $35,000. Finally, IMA Advisory Services Inc. purchased a new stake in shares of ConocoPhillips during the first quarter worth $37,000. Hedge funds and other institutional investors own 82.36% of the company's stock.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, EVP Kirk L. Johnson bought 5,300 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was acquired at an average price of $94.24 per share, for a total transaction of $499,472.00. Following the completion of the purchase, the executive vice president owned 14,527 shares of the company's stock, valued at approximately $1,369,024.48. This represents a 57.44% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.24% of the company's stock.

Wall Street Analyst Weigh In

COP has been the topic of a number of recent research reports. Raymond James Financial upped their price objective on ConocoPhillips from $109.00 to $117.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Mizuho dropped their target price on ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. Wall Street Zen lowered ConocoPhillips from a "hold" rating to a "sell" rating in a report on Friday, August 22nd. Melius initiated coverage on ConocoPhillips in a report on Wednesday, August 20th. They issued a "hold" rating and a $117.00 target price on the stock. Finally, Roth Capital reissued a "buy" rating and issued a $108.00 target price on shares of ConocoPhillips in a report on Thursday, August 7th. Sixteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $120.95.

ConocoPhillips Stock Performance

Shares of COP stock traded up $0.61 during mid-day trading on Friday, hitting $99.06. 4,594,203 shares of the stock were exchanged, compared to its average volume of 6,974,235. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $116.08. The stock has a market capitalization of $123.72 billion, a price-to-earnings ratio of 13.30, a P/E/G ratio of 2.59 and a beta of 0.67. The stock's fifty day simple moving average is $94.16 and its two-hundred day simple moving average is $93.18. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.27.

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 net margin of 15.26% and a return on equity of 14.60%. The business 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 earned $1.98 earnings per share. The business's quarterly revenue was up 4.3% compared to the same quarter last year. On average, analysts forecast that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 3.1%. ConocoPhillips's dividend payout ratio is 41.88%.

About ConocoPhillips

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.