ConocoPhillips (NYSE:COP) Shares Bought by Baugh & Associates LLC

Baugh & Associates LLC grew its holdings in shares of ConocoPhillips (NYSE:COP) by 2.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,883 shares of the energy producer’s stock after purchasing an additional 1,069 shares during the period. ConocoPhillips accounts for 2.2% of Baugh & Associates LLC’s portfolio, making the stock its 25th biggest position. Baugh & Associates LLC’s holdings in ConocoPhillips were worth $4,354,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Values First Advisors Inc. bought a new position in shares of ConocoPhillips during the third quarter worth about $26,000. Stephens Consulting LLC grew its position in shares of ConocoPhillips by 69.3% during the second quarter. Stephens Consulting LLC now owns 254 shares of the energy producer’s stock worth $29,000 after acquiring an additional 104 shares during the last quarter. Reston Wealth Management LLC bought a new position in shares of ConocoPhillips during the third quarter worth about $31,000. Y.D. More Investments Ltd bought a new position in shares of ConocoPhillips during the second quarter worth about $35,000. Finally, Fairway Wealth LLC grew its position in shares of ConocoPhillips by 95.6% during the second quarter. Fairway Wealth LLC now owns 313 shares of the energy producer’s stock worth $36,000 after acquiring an additional 153 shares during the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips Price Performance

COP stock opened at $113.60 on Thursday. The company has a current ratio of 1.30, a quick ratio of 1.16 and a debt-to-equity ratio of 0.34. ConocoPhillips has a one year low of $101.29 and a one year high of $135.18. The firm has a market capitalization of $130.74 billion, a PE ratio of 13.51, a P/E/G ratio of 0.89 and a beta of 1.21. The firm has a 50-day moving average of $107.81 and a two-hundred day moving average of $112.53.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, October 31st. The energy producer reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.10. ConocoPhillips had a net margin of 17.29% and a return on equity of 19.53%. The company had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.97 billion. During the same period in the prior year, the firm earned $2.16 earnings per share. The business’s quarterly revenue was down 8.5% on a year-over-year basis. On average, analysts forecast that ConocoPhillips will post 7.79 earnings per share for the current year.

ConocoPhillips Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 11th will be paid a dividend of $0.78 per share. The ex-dividend date is Friday, November 8th. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.58. This represents a $3.12 dividend on an annualized basis and a yield of 2.75%. ConocoPhillips’s dividend payout ratio is currently 37.10%.

Analyst Upgrades and Downgrades

COP has been the subject of several recent research reports. Wells Fargo & Company restated a “sector perform” rating on shares of ConocoPhillips in a research report on Friday, October 18th. Barclays increased their target price on shares of ConocoPhillips from $135.00 to $137.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Royal Bank of Canada reiterated an “outperform” rating and issued a $140.00 target price on shares of ConocoPhillips in a research report on Friday, September 13th. Truist Financial decreased their target price on shares of ConocoPhillips from $145.00 to $138.00 and set a “buy” rating for the company in a research report on Monday, September 30th. Finally, Sanford C. Bernstein decreased their target price on shares of ConocoPhillips from $147.00 to $132.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Six investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $137.47.

Insider Transactions at ConocoPhillips

In other news, Director Timothy A. Leach sold 55,500 shares of the stock in a transaction that occurred on 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.34% of the stock is owned by insiders.

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.