Unison Advisors LLC Grows Stock Holdings in ConocoPhillips (NYSE:COP)

Unison Advisors LLC boosted its stake in ConocoPhillips (NYSE:COP) by 0.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,025 shares of the energy producer’s stock after purchasing an additional 118 shares during the period. Unison Advisors LLC’s holdings in ConocoPhillips were worth $1,792,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in COP. Cooksen Wealth LLC bought a new stake in shares of ConocoPhillips in the fourth quarter worth $27,000. Stephens Consulting LLC grew its stake in shares of ConocoPhillips by 69.3% during the 2nd quarter. Stephens Consulting LLC now owns 254 shares of the energy producer’s stock valued at $29,000 after purchasing an additional 104 shares during the period. Richardson Capital Management LLC purchased a new stake in shares of ConocoPhillips during the 1st quarter valued at about $31,000. Northwest Bank & Trust Co bought a new position in shares of ConocoPhillips in the 4th quarter worth approximately $32,000. Finally, Ruedi Wealth Management Inc. boosted its holdings in shares of ConocoPhillips by 150.0% in the first quarter. Ruedi Wealth Management Inc. now owns 250 shares of the energy producer’s stock worth $32,000 after buying an additional 150 shares during the last quarter. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at ConocoPhillips

In other ConocoPhillips news, Director Timothy A. Leach sold 55,500 shares of the business’s stock in a transaction that occurred on 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 sale, the director now directly owns 455,909 shares of the company’s stock, valued at $49,288,321.99. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.34% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Wells Fargo & Company reduced their target price on shares of ConocoPhillips from $150.00 to $132.00 and set an “overweight” rating for the company in a report on Friday, September 27th. Barclays reduced their price objective on ConocoPhillips from $156.00 to $135.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Susquehanna cut their price target on ConocoPhillips from $154.00 to $147.00 and set a “positive” rating for the company in a report on Wednesday, September 4th. Scotiabank decreased their price objective on ConocoPhillips from $135.00 to $120.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. Finally, Sanford C. Bernstein cut their price objective on ConocoPhillips from $147.00 to $132.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $138.29.

ConocoPhillips Price Performance

Shares of COP stock traded up $0.83 during trading hours on Thursday, hitting $111.80. The stock had a trading volume of 396,350 shares, compared to its average volume of 5,926,221. The stock’s 50-day moving average price is $108.89 and its two-hundred day moving average price is $115.76. ConocoPhillips has a one year low of $101.29 and a one year high of $135.18. The stock has a market capitalization of $130.75 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 0.87 and a beta of 1.21. 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 (NYSE:COP) last released its quarterly earnings data on Thursday, August 1st. The energy producer reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $14.96 billion. During the same quarter in the previous year, the company posted $1.84 EPS. The company’s revenue was up 9.7% compared to the same quarter last year. Equities analysts forecast that ConocoPhillips will post 8.02 EPS for the current year.

ConocoPhillips Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 12th were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Monday, August 12th. ConocoPhillips’s dividend payout ratio is 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.