SCP Investment LP Purchases 1,000 Shares of ConocoPhillips (NYSE:COP)

SCP Investment LP grew its holdings in ConocoPhillips (NYSE:COP) by 13.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,668 shares of the energy producer’s stock after purchasing an additional 1,000 shares during the period. ConocoPhillips makes up 0.9% of SCP Investment LP’s investment portfolio, making the stock its 10th largest position. SCP Investment LP’s holdings in ConocoPhillips were worth $999,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Brown Advisory Inc. boosted its position in shares of ConocoPhillips by 7.8% in the 3rd quarter. Brown Advisory Inc. now owns 134,285 shares of the energy producer’s stock valued at $16,087,000 after purchasing an additional 9,723 shares during the period. WealthShield Partners LLC acquired a new stake in shares of ConocoPhillips in the 3rd quarter worth approximately $205,000. Brighton Jones LLC grew its holdings in shares of ConocoPhillips by 5.1% in the 3rd quarter. Brighton Jones LLC now owns 7,208 shares of the energy producer’s stock worth $864,000 after acquiring an additional 351 shares during the period. Calamos Wealth Management LLC grew its holdings in shares of ConocoPhillips by 6.1% in the 3rd quarter. Calamos Wealth Management LLC now owns 4,142 shares of the energy producer’s stock worth $496,000 after acquiring an additional 237 shares during the period. Finally, Hills Bank & Trust Co grew its holdings in ConocoPhillips by 118.6% during the 3rd quarter. Hills Bank & Trust Co now owns 4,374 shares of the energy producer’s stock valued at $524,000 after buying an additional 2,373 shares during the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips Stock Up 0.3 %

Shares of NYSE:COP traded up $0.37 during trading on Thursday, hitting $123.43. 5,430,489 shares of the company’s stock traded hands, compared to its average volume of 5,355,957. ConocoPhillips has a 52 week low of $97.42 and a 52 week high of $135.18. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.35. The company has a market cap of $144.36 billion, a price-to-earnings ratio of 13.97, a price-to-earnings-growth ratio of 2.69 and a beta of 1.25. The company has a 50-day moving average price of $124.53 and a 200-day moving average price of $117.63.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, February 8th. The energy producer reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.32. ConocoPhillips had a return on equity of 20.85% and a net margin of 18.40%. The business had revenue of $15.31 billion for the quarter, compared to analysts’ expectations of $14.47 billion. During the same quarter in the previous year, the business posted $2.71 EPS. As a group, research analysts forecast that ConocoPhillips will post 9.1 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 13th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Friday, May 10th. ConocoPhillips’s dividend payout ratio (DPR) is 26.27%.

Insiders Place Their Bets

In other ConocoPhillips news, EVP Nicholas G. Olds sold 12,150 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $126.44, for a total transaction of $1,536,246.00. Following the transaction, the executive vice president now owns 14,522 shares of the company’s stock, valued at approximately $1,836,161.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Nicholas G. Olds sold 12,150 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $126.44, for a total transaction of $1,536,246.00. Following the transaction, the executive vice president now directly owns 14,522 shares of the company’s stock, valued at $1,836,161.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Heather G. Hrap sold 4,548 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $110.55, for a total transaction of $502,781.40. Following the completion of the sale, the senior vice president now directly owns 2,654 shares of the company’s stock, valued at approximately $293,399.70. The disclosure for this sale can be found here. Insiders have sold 700,775 shares of company stock valued at $87,615,169 in the last 90 days. 0.34% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. UBS Group raised their price objective on ConocoPhillips from $138.00 to $143.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Raymond James dropped their target price on ConocoPhillips from $140.00 to $137.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 24th. Wells Fargo & Company lifted their target price on ConocoPhillips from $149.00 to $151.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Barclays started coverage on ConocoPhillips in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $158.00 price target for the company. Finally, Scotiabank lifted their target price on ConocoPhillips from $120.00 to $135.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, ConocoPhillips presently has an average rating of “Moderate Buy” and an average target price of $142.76.

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.