ConocoPhillips (NYSE:COP) Shares Sold by Aviva PLC

Aviva PLC decreased its position in ConocoPhillips (NYSE:COPGet Rating) by 13.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 800,918 shares of the energy producer’s stock after selling 123,619 shares during the quarter. Aviva PLC’s holdings in ConocoPhillips were worth $57,810,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Nations Financial Group Inc. IA ADV grew its position in shares of ConocoPhillips by 6.1% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 6,845 shares of the energy producer’s stock worth $494,000 after acquiring an additional 396 shares in the last quarter. B. Riley Wealth Management Inc. grew its position in shares of ConocoPhillips by 6.1% in the 4th quarter. B. Riley Wealth Management Inc. now owns 13,083 shares of the energy producer’s stock worth $944,000 after acquiring an additional 748 shares in the last quarter. Bell & Brown Wealth Advisors LLC acquired a new position in shares of ConocoPhillips in the 4th quarter worth approximately $204,000. Buckingham Strategic Partners acquired a new position in shares of ConocoPhillips in the 4th quarter worth approximately $781,000. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. grew its position in shares of ConocoPhillips by 224.5% in the 4th quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 3,407 shares of the energy producer’s stock worth $246,000 after acquiring an additional 2,357 shares in the last quarter. Institutional investors own 78.80% of the company’s stock.

Shares of NYSE COP traded up $0.48 during mid-day trading on Tuesday, reaching $97.68. The company had a trading volume of 396,512 shares, compared to its average volume of 8,741,038. The company has a current ratio of 1.51, a quick ratio of 1.23 and a debt-to-equity ratio of 0.36. The stock has a market cap of $126.60 billion, a PE ratio of 10.02, a P/E/G ratio of 0.39 and a beta of 1.36. The company has a 50-day moving average price of $99.59 and a two-hundred day moving average price of $86.54. ConocoPhillips has a 1-year low of $51.41 and a 1-year high of $107.71.

ConocoPhillips (NYSE:COPGet Rating) last issued its earnings results on Thursday, May 5th. The energy producer reported $3.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.74. The business had revenue of $19.29 billion for the quarter, compared to analysts’ expectations of $18.36 billion. ConocoPhillips had a return on equity of 24.89% and a net margin of 22.52%. The company’s quarterly revenue was up 82.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.69 EPS. On average, research analysts expect that ConocoPhillips will post 14.5 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Tuesday, May 17th will be issued a dividend of $0.46 per share. The ex-dividend date is Monday, May 16th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.88%. ConocoPhillips’s dividend payout ratio is 23.51%.

In other news, VP Heather G. Sirdashney sold 5,700 shares of ConocoPhillips stock in a transaction on Friday, March 4th. The stock was sold at an average price of $98.71, for a total transaction of $562,647.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Nicholas G. Olds sold 19,600 shares of the business’s stock in a transaction dated Friday, March 4th. The shares were sold at an average price of $99.95, for a total value of $1,959,020.00. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

A number of research analysts recently issued reports on the company. Royal Bank of Canada boosted their price objective on ConocoPhillips from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Monday, March 7th. The Goldman Sachs Group upgraded ConocoPhillips from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $78.00 to $101.00 in a research report on Tuesday, January 18th. Raymond James boosted their price objective on ConocoPhillips from $120.00 to $160.00 and gave the company a “strong-buy” rating in a research report on Monday, April 25th. Barclays boosted their price objective on ConocoPhillips from $93.00 to $131.00 in a research report on Friday, March 18th. Finally, KeyCorp boosted their price objective on ConocoPhillips from $112.00 to $118.00 and gave the company an “overweight” rating in a research report on Friday, April 8th. Five analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, ConocoPhillips currently has a consensus rating of “Buy” and a consensus price target of $105.79.

About ConocoPhillips (Get Rating)

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. It primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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