ConocoPhillips (NYSE:COP) Shares Purchased by Sei Investments Co.

Sei Investments Co. lifted its position in ConocoPhillips (NYSE:COP) by 6.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 586,391 shares of the energy producer’s stock after purchasing an additional 36,545 shares during the quarter. Sei Investments Co. owned approximately 0.05% of ConocoPhillips worth $67,073,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Gilbert & Cook Inc. raised its stake in shares of ConocoPhillips by 3.7% during the fourth quarter. Gilbert & Cook Inc. now owns 13,438 shares of the energy producer’s stock worth $1,560,000 after purchasing an additional 483 shares during the last quarter. SageView Advisory Group LLC raised its position in ConocoPhillips by 196.5% during the 4th quarter. SageView Advisory Group LLC now owns 9,846 shares of the energy producer’s stock worth $1,123,000 after buying an additional 6,525 shares during the last quarter. TCW Group Inc. acquired a new stake in shares of ConocoPhillips in the 4th quarter worth $2,715,000. Hoylecohen LLC boosted its holdings in shares of ConocoPhillips by 1.7% in the fourth quarter. Hoylecohen LLC now owns 20,954 shares of the energy producer’s stock valued at $2,432,000 after acquiring an additional 349 shares in the last quarter. Finally, Sepio Capital LP increased its stake in shares of ConocoPhillips by 12.6% during the fourth quarter. Sepio Capital LP now owns 2,471 shares of the energy producer’s stock worth $287,000 after acquiring an additional 276 shares during the period. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

ConocoPhillips Trading Down 0.6 %

NYSE COP opened at $109.87 on Friday. The company has a 50-day moving average of $109.76 and a 200-day moving average of $116.57. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.33 and a quick ratio of 1.19. ConocoPhillips has a 12 month low of $101.29 and a 12 month high of $135.18. The company has a market cap of $127.59 billion, a P/E ratio of 12.44, a P/E/G ratio of 0.80 and a beta of 1.22.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, August 1st. The energy producer reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.02. ConocoPhillips had a net margin of 18.18% and a return on equity of 20.81%. The company had revenue of $14.14 billion for the quarter, compared to the consensus estimate of $14.96 billion. During the same quarter last year, the firm posted $1.84 earnings per share. ConocoPhillips’s revenue was up 9.7% on a year-over-year basis. As a group, equities analysts predict that ConocoPhillips will post 8.41 earnings per share for the current year.

ConocoPhillips Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 12th were paid a dividend of $0.58 per share. The ex-dividend date was Monday, August 12th. This represents a $2.32 annualized dividend and a yield of 2.11%. ConocoPhillips’s dividend payout ratio is presently 26.27%.

Insiders Place Their Bets

In other news, Director Timothy A. Leach sold 55,500 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $108.11, for a total transaction of $6,000,105.00. Following the completion of the sale, the director now owns 455,909 shares in the company, valued at approximately $49,288,321.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.34% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Bank of America reiterated a “buy” rating and issued a $147.00 price target on shares of ConocoPhillips in a report on Friday, June 14th. Wells Fargo & Company decreased their price target on ConocoPhillips from $151.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. StockNews.com cut ConocoPhillips from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Scotiabank lowered their target price on ConocoPhillips from $135.00 to $120.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. Finally, Argus raised ConocoPhillips to a “strong-buy” rating in a research note on Friday, June 7th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $142.29.

About ConocoPhillips

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.