Vontobel Holding Ltd. Sells 517 Shares of ConocoPhillips (NYSE:COP)

Vontobel Holding Ltd. trimmed its position in shares of ConocoPhillips (NYSE:COP) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,465 shares of the energy producer’s stock after selling 517 shares during the quarter. Vontobel Holding Ltd.’s holdings in ConocoPhillips were worth $1,434,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in COP. AMF Tjanstepension AB grew its stake in shares of ConocoPhillips by 4.7% during the third quarter. AMF Tjanstepension AB now owns 1,163,724 shares of the energy producer’s stock valued at $122,628,000 after purchasing an additional 52,334 shares during the last quarter. Creative Planning grew its stake in shares of ConocoPhillips by 1.7% during the third quarter. Creative Planning now owns 248,439 shares of the energy producer’s stock valued at $26,156,000 after purchasing an additional 4,214 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of ConocoPhillips by 2.8% during the third quarter. Commonwealth Equity Services LLC now owns 389,958 shares of the energy producer’s stock valued at $41,055,000 after purchasing an additional 10,588 shares during the last quarter. Cedrus LLC bought a new stake in shares of ConocoPhillips during the third quarter valued at approximately $208,000. Finally, Vest Financial LLC grew its stake in shares of ConocoPhillips by 244.2% during the third quarter. Vest Financial LLC now owns 8,830 shares of the energy producer’s stock valued at $930,000 after purchasing an additional 6,265 shares during the last quarter. 82.36% of the stock is owned by institutional investors.

ConocoPhillips Stock Down 0.5 %

Shares of COP stock opened at $96.39 on Tuesday. The stock has a market cap of $110.93 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 0.77 and a beta of 1.18. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.16 and a current ratio of 1.29. ConocoPhillips has a 52-week low of $94.23 and a 52-week high of $135.18. The firm’s 50-day moving average is $100.44 and its 200-day moving average is $105.69.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. Sell-side analysts predict that ConocoPhillips will post 8.3 EPS for the current year.

ConocoPhillips Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be issued a $0.78 dividend. The ex-dividend date is Friday, February 14th. This represents a $3.12 annualized dividend and a yield of 3.24%. ConocoPhillips’s dividend payout ratio is currently 40.05%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on COP. UBS Group reduced their price objective on shares of ConocoPhillips from $140.00 to $137.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Mizuho upgraded shares of ConocoPhillips from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $132.00 to $134.00 in a report on Monday, December 16th. JPMorgan Chase & Co. upgraded shares of ConocoPhillips from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $120.00 to $123.00 in a report on Thursday, December 5th. Barclays dropped their price objective on shares of ConocoPhillips from $137.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Finally, Wells Fargo & Company dropped their price objective on shares of ConocoPhillips from $132.00 to $128.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $133.56.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, Director Arjun N. Murti bought 2,500 shares of the stock in a transaction dated Friday, December 20th. The shares were bought at an average cost of $95.87 per share, with a total value of $239,675.00. Following the completion of the acquisition, the director now owns 21,500 shares of the company’s stock, valued at $2,061,205. This trade represents a 13.16 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director R A. Walker bought 10,400 shares of the stock in a transaction dated Tuesday, December 17th. The shares were acquired at an average cost of $97.80 per share, for a total transaction of $1,017,120.00. Following the completion of the acquisition, the director now directly owns 38,000 shares of the company’s stock, valued at approximately $3,716,400. This trade represents a 37.68 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.34% of the company’s stock.

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.