UniSuper Management Pty Ltd Boosts Stock Holdings in ConocoPhillips $COP

Key Points

• UniSuper Management Pty Ltd increased its holdings in ConocoPhillips by 5.5% in the first quarter, purchasing an additional 4,400 shares to own a total of 84,958 shares valued at approximately $8.92 million.
• Insider trading revealed that EVP Kirk L. Johnson bought 5,300 shares at an average cost of $94.24, reflecting a 57.44% increase in his position.
• ConocoPhillips reported earnings of $1.42 per share for the last quarter, exceeding analysts' expectations, with a net margin of 15.26% and a forecasted EPS of 8.16 for the current fiscal year.

UniSuper Management Pty Ltd lifted its position in ConocoPhillips (NYSE:COP - Free Report) by 5.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,958 shares of the energy producer's stock after purchasing an additional 4,400 shares during the period. UniSuper Management Pty Ltd's holdings in ConocoPhillips were worth $8,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 10Elms LLP acquired a new position in shares of ConocoPhillips in the fourth quarter worth about $28,000. Financial Network Wealth Advisors LLC grew its position 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 valued at $30,000 after acquiring an additional 222 shares during the period. Stone House Investment Management LLC purchased a new position in shares of ConocoPhillips in the 1st quarter valued at about $31,000. Garde Capital Inc. purchased a new position in shares of ConocoPhillips in the 1st quarter valued at about $35,000. Finally, IMA Advisory Services Inc. acquired a new position in ConocoPhillips in the 1st quarter worth about $37,000. Institutional investors and hedge funds own 82.36% of the company's stock.

Insiders Place Their Bets

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

ConocoPhillips Stock Down 2.9%

NYSE COP opened at $92.97 on Monday. The business has a fifty day moving average price of $94.76 and a 200 day moving average price of $93.08. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.27. The company has a market cap of $116.12 billion, a P/E ratio of 12.48, a P/E/G ratio of 2.43 and a beta of 0.69. ConocoPhillips has a one year low of $79.88 and a one year high of $116.08.

ConocoPhillips (NYSE:COP - Get Free Report) last released its earnings results on Thursday, August 7th. The energy producer reported $1.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.36 by $0.06. The business had revenue of $14.94 billion during the quarter, compared to analyst estimates of $14.39 billion. ConocoPhillips had a net margin of 15.26% and a return on equity of 14.60%. The company's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.98 earnings per share. Research analysts anticipate that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Wells Fargo & Company reissued an "overweight" rating and issued a $117.00 price objective (up from $113.00) on shares of ConocoPhillips in a report on Thursday, June 26th. Melius Research began coverage on ConocoPhillips in a research report on Wednesday, August 20th. They set a "hold" rating and a $117.00 target price on the stock. UBS Group lifted their price target on shares of ConocoPhillips from $116.00 to $124.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. Melius assumed coverage on shares of ConocoPhillips in a research report on Wednesday, August 20th. They set a "hold" rating and a $117.00 price objective for the company. Finally, Bank of America decreased their price objective on shares of ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Sixteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, ConocoPhillips currently has an average rating of "Moderate Buy" and a consensus target price 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.

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