Integrated Quantitative Investments LLC Takes $497,000 Position in ConocoPhillips $COP

Integrated Quantitative Investments LLC bought a new position in shares of ConocoPhillips (NYSE:COP) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,542 shares of the energy producer’s stock, valued at approximately $497,000.

Other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in ConocoPhillips by 379.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 40,094,754 shares of the energy producer’s stock worth $4,210,751,000 after purchasing an additional 31,736,423 shares during the period. Wellington Management Group LLP lifted its stake in shares of ConocoPhillips by 1.4% during the 1st quarter. Wellington Management Group LLP now owns 31,610,608 shares of the energy producer’s stock worth $3,319,746,000 after buying an additional 437,709 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of ConocoPhillips by 30.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,972,545 shares of the energy producer’s stock worth $942,297,000 after buying an additional 2,080,625 shares during the period. Ameriprise Financial Inc. grew its stake in ConocoPhillips by 15.1% in the 1st quarter. Ameriprise Financial Inc. now owns 8,202,861 shares of the energy producer’s stock valued at $861,490,000 after buying an additional 1,073,906 shares during the last quarter. Finally, Boston Partners raised its holdings in ConocoPhillips by 3.8% in the 2nd quarter. Boston Partners now owns 6,411,539 shares of the energy producer’s stock valued at $576,332,000 after acquiring an additional 232,117 shares during the period. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Stock Performance

COP opened at $91.44 on Monday. The firm has a market cap of $112.99 billion, a P/E ratio of 12.27, a price-to-earnings-growth ratio of 2.36 and a beta of 0.58. The business’s fifty day moving average is $90.93 and its 200-day moving average is $91.95. ConocoPhillips has a 52-week low of $79.88 and a 52-week high of $115.38. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.27.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, November 6th. The energy producer reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.20. The firm had revenue of $15.03 billion for the quarter, compared to the consensus estimate of $14.51 billion. ConocoPhillips had a net margin of 15.26% and a return on equity of 14.60%. The business’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.78 earnings per share. Sell-side analysts expect that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be given a dividend of $0.84 per share. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.78. This represents a $3.36 annualized dividend and a yield of 3.7%. The ex-dividend date is Monday, November 17th. ConocoPhillips’s dividend payout ratio (DPR) is presently 47.52%.

Insiders Place Their Bets

In other ConocoPhillips news, Director William H. Mcraven bought 5,768 shares of ConocoPhillips stock in a transaction on Monday, November 10th. The shares were purchased at an average price of $86.68 per share, with a total value of $499,970.24. Following the acquisition, the director owned 5,768 shares in the company, valued at $499,970.24. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.24% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group reduced their price objective on ConocoPhillips from $129.00 to $120.00 and set a “buy” rating for the company in a report on Monday, October 13th. Piper Sandler reduced their price target on ConocoPhillips from $124.00 to $115.00 and set an “overweight” rating for the company in a research note on Monday, October 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of ConocoPhillips in a research report on Thursday. Melius started coverage on shares of ConocoPhillips in a research report on Wednesday, August 20th. They issued a “hold” rating and a $117.00 target price for the company. Finally, Capital One Financial upped their price target on shares of ConocoPhillips from $111.00 to $112.00 in a research note on Friday, October 3rd. Eighteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.33.

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.