MidWestOne Financial Group Inc. reduced its stake in shares of ConocoPhillips (NYSE:COP – Free Report) by 2.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,889 shares of the energy producer’s stock after selling 271 shares during the quarter. MidWestOne Financial Group Inc.’s holdings in ConocoPhillips were worth $1,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also added to or reduced their stakes in COP. Price T Rowe Associates Inc. MD grew its holdings in ConocoPhillips by 35.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,192,580 shares of the energy producer’s stock valued at $4,097,473,000 after buying an additional 8,479,963 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in ConocoPhillips by 512.8% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,737,026 shares of the energy producer’s stock valued at $433,757,000 after buying an additional 3,127,165 shares in the last quarter. Capital International Investors grew its holdings in ConocoPhillips by 9.6% during the 1st quarter. Capital International Investors now owns 21,252,822 shares of the energy producer’s stock valued at $2,705,059,000 after buying an additional 1,856,085 shares in the last quarter. Clearbridge Investments LLC grew its holdings in ConocoPhillips by 46.0% during the 1st quarter. Clearbridge Investments LLC now owns 3,219,929 shares of the energy producer’s stock valued at $409,833,000 after buying an additional 1,015,158 shares in the last quarter. Finally, TD Asset Management Inc grew its holdings in ConocoPhillips by 34.7% during the 1st quarter. TD Asset Management Inc now owns 2,762,431 shares of the energy producer’s stock valued at $351,602,000 after buying an additional 712,062 shares in the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, Director Timothy A. Leach sold 55,500 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $108.11, for a total value of $6,000,105.00. Following the completion of the sale, the director now directly owns 455,909 shares of the company’s stock, valued at $49,288,321.99. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.34% of the stock is owned by insiders.
Wall Street Analyst Weigh In
ConocoPhillips Stock Up 2.4 %
NYSE:COP opened at $104.72 on Friday. ConocoPhillips has a twelve month low of $101.29 and a twelve month high of $135.18. The company has a market cap of $121.61 billion, a price-to-earnings ratio of 11.86, a price-to-earnings-growth ratio of 0.85 and a beta of 1.22. The stock has a fifty day simple moving average of $108.85 and a 200-day simple moving average of $116.32. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 0.34.
ConocoPhillips (NYSE:COP – Get Free Report) last released its earnings results on Thursday, August 1st. The energy producer reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.02. ConocoPhillips had a return on equity of 20.81% and a net margin of 18.18%. The business had revenue of $14.14 billion during the quarter, compared to the consensus estimate of $14.96 billion. During the same period last year, the company earned $1.84 earnings per share. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. Analysts anticipate that ConocoPhillips will post 8.14 EPS for the current year.
ConocoPhillips Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 12th were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend was Monday, August 12th. ConocoPhillips’s dividend payout ratio (DPR) is presently 26.27%.
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.
Further Reading
- Five stocks we like better than ConocoPhillips
- Bank Stocks – Best Bank Stocks to Invest In
- CarMax’s Impressive Rally: What Investors Should Watch Next
- How to Read Stock Charts for Beginners
- MarketBeat Week in Review – 9/23 – 9/27
- Consumer Staples Stocks, Explained
- Wake Up to This Biotech Stock That Still Has Big Potential Upside
Receive News & Ratings for ConocoPhillips Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ConocoPhillips and related companies with MarketBeat.com's FREE daily email newsletter.