Ontario Teachers Pension Plan Board Has $1.14 Million Stock Position in ConocoPhillips (NYSE:COP)

Key Points

• Ontario Teachers Pension Plan Board sold 17,879 shares of ConocoPhillips, reducing its position by 62.1%, while retaining 10,891 shares valued at approximately $1.14 million.
• ConocoPhillips reported a quarterly revenue of $14.94 billion, surpassing analyst estimates and delivering an earnings per share (EPS) of $1.42, which exceeded expectations by $0.06.
• The company declared a quarterly dividend of $0.78 per share, yielding 3.3%, with the payout set for September 2nd to shareholders on record as of August 18th.

Ontario Teachers Pension Plan Board reduced its holdings in ConocoPhillips (NYSE:COP - Free Report) by 62.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 10,891 shares of the energy producer's stock after selling 17,879 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in ConocoPhillips were worth $1,144,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Deutsche Bank AG lifted its position in shares of ConocoPhillips by 53.8% in the 1st quarter. Deutsche Bank AG now owns 5,240,275 shares of the energy producer's stock worth $550,334,000 after buying an additional 1,834,118 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of 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 buying an additional 31,736,423 shares during the last quarter. Coign Capital Advisors LLC lifted its position in shares of ConocoPhillips by 3.7% in the 1st quarter. Coign Capital Advisors LLC now owns 5,698 shares of the energy producer's stock worth $598,000 after buying an additional 202 shares during the last quarter. Citizens Financial Group Inc. RI lifted its position in shares of ConocoPhillips by 135.1% in the 1st quarter. Citizens Financial Group Inc. RI now owns 189,976 shares of the energy producer's stock worth $19,951,000 after buying an additional 109,182 shares during the last quarter. Finally, Primecap Management Co. CA lifted its position in shares of ConocoPhillips by 3.1% in the 1st quarter. Primecap Management Co. CA now owns 4,748,140 shares of the energy producer's stock worth $498,650,000 after buying an additional 144,245 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors.

Insider Buying and Selling at ConocoPhillips

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

ConocoPhillips Price Performance

COP traded up $1.01 on Tuesday, reaching $94.54. The company had a trading volume of 7,524,677 shares, compared to its average volume of 8,169,214. ConocoPhillips has a one year low of $79.88 and a one year high of $116.08. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average of $92.91 and a 200-day moving average of $93.53. The company has a market capitalization of $118.07 billion, a P/E ratio of 12.69, a PEG ratio of 2.44 and a beta of 0.67.

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, beating 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 company had revenue of $14.94 billion during the quarter, compared to analyst estimates of $14.39 billion. During the same quarter last year, the firm posted $1.98 EPS. The business's revenue for the quarter was up 4.3% on a year-over-year basis. As a group, equities research analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be given 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 3.3%. ConocoPhillips's dividend payout ratio (DPR) is 41.88%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on COP shares. Raymond James Financial raised their price target on shares of ConocoPhillips from $109.00 to $117.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Barclays lowered their price target on shares of ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. UBS Group upped their price target on shares of ConocoPhillips from $111.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Bank of America lowered their price target on shares of ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Finally, Susquehanna lowered their price target on shares of ConocoPhillips from $114.00 to $113.00 and set a "positive" rating for the company in a research report on Wednesday, July 23rd. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $120.84.

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.