Neville Rodie & Shaw Inc. Purchases 53,886 Shares of ConocoPhillips $COP

Key Points

• Neville Rodie & Shaw increased its ConocoPhillips stake by 239% in the third quarter, adding 53,886 shares to hold 76,436 shares valued at approximately $9.6 million. Institutional investors collectively own 82.36% of the company.
• ConocoPhillips reported quarterly EPS of $3.24, exceeding estimates of $2.90, while revenue rose 32.4% year over year to $19.52 billion. The company also pays a quarterly dividend of $0.84 per share, yielding about 2.6% annually.
• COP shares recently traded at $128.46, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $141.24. Ratings include 18 Buys, seven Holds, two Sells and one Strong Buy.

Neville Rodie & Shaw Inc. raised its holdings in ConocoPhillips (NYSE:COP - Free Report) by 239.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 76,436 shares of the energy producer's stock after acquiring an additional 53,886 shares during the quarter. Neville Rodie & Shaw Inc.'s holdings in ConocoPhillips were worth $9,566,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. State Street Corp grew its holdings in shares of ConocoPhillips by 73.2% during the second quarter. State Street Corp now owns 118,591,447 shares of the energy producer's stock valued at $12,328,767,000 after buying an additional 50,116,727 shares in the last quarter. BlackRock Inc. boosted its position in ConocoPhillips by 3.0% during the 2nd quarter. BlackRock Inc. now owns 93,886,457 shares of the energy producer's stock worth $9,760,436,000 after acquiring an additional 2,712,703 shares during the period. Capital International Investors boosted its position in ConocoPhillips by 5.9% during the 4th quarter. Capital International Investors now owns 48,360,060 shares of the energy producer's stock worth $4,527,230,000 after acquiring an additional 2,714,663 shares during the period. Wellington Management Group LLP grew its stake in ConocoPhillips by 12.0% during the 2nd quarter. Wellington Management Group LLP now owns 15,072,154 shares of the energy producer's stock valued at $1,566,901,000 after acquiring an additional 1,609,759 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of ConocoPhillips by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,044,489 shares of the energy producer's stock valued at $1,457,978,000 after purchasing an additional 74,261 shares during the period. Institutional investors own 82.36% of the company's stock.

ConocoPhillips Stock Up 1.3%

Shares of COP stock traded up $1.71 on Monday, hitting $128.46. The company's stock had a trading volume of 2,084,640 shares, compared to its average volume of 8,155,921. The stock has a market capitalization of $154.32 billion, a price-to-earnings ratio of 17.00, a P/E/G ratio of 1.34 and a beta of 0.24. ConocoPhillips has a fifty-two week low of $85.57 and a fifty-two week high of $141.62. The firm's fifty day moving average price is $128.29 and its 200-day moving average price is $121.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 1.39.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its earnings results on Thursday, August 6th. The energy producer reported $3.24 EPS for the quarter, topping the consensus estimate of $2.90 by $0.34. The firm had revenue of $19.52 billion for the quarter, compared to the consensus estimate of $18.79 billion. ConocoPhillips had a net margin of 14.22% and a return on equity of 14.72%. The business's quarterly revenue was up 32.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.42 earnings per share. Research analysts anticipate that ConocoPhillips will post 10.54 EPS for the current year.

ConocoPhillips Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 2.6%. The ex-dividend date was Monday, August 17th. ConocoPhillips's dividend payout ratio (DPR) is 44.44%.

Analyst Ratings Changes

A number of research firms have recently issued reports on COP. Freedom Capital raised shares of ConocoPhillips from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th. Truist Financial upped their price objective on shares of ConocoPhillips from $115.00 to $130.00 and gave the company a "hold" rating in a research note on Monday, August 10th. Royal Bank Of Canada set a $130.00 target price on shares of ConocoPhillips in a research note on Monday, June 22nd. UBS Group boosted their price target on shares of ConocoPhillips from $153.00 to $169.00 and gave the company a "buy" rating in a report on Monday, September 14th. Finally, The Goldman Sachs Group dropped their price target on shares of ConocoPhillips from $144.00 to $138.00 and set a "buy" rating on the stock in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $141.24.

Insider Buying and Selling

In other ConocoPhillips news, SVP Andrew Lundquist sold 9,487 shares of the business's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $135.15, for a total transaction of $1,282,168.05. Following the completion of the transaction, the senior vice president owned 9,593 shares of the company's stock, valued at $1,296,493.95. The trade was a 49.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is owned by company insiders.

ConocoPhillips Company Profile

ConocoPhillips NYSE: COP is an independent exploration and production company engaged in finding, developing and producing crude oil, natural gas, natural gas liquids and liquefied natural gas. Unlike integrated energy companies, ConocoPhillips focuses primarily on upstream activities rather than refining and retail fuel operations.

The company has a diversified portfolio of assets in major producing regions, including the United States, Canada, Australia, Norway and Qatar. Its U.S. operations include oil and gas developments in Alaska and the Lower 48 states, while its international portfolio includes conventional and offshore projects.

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