Saturna Capital Corp Has $451,000 Stake in ConocoPhillips $COP

Saturna Capital Corp reduced its holdings in ConocoPhillips (NYSE:COP) by 74.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 5,025 shares of the energy producer’s stock after selling 14,659 shares during the quarter. Saturna Capital Corp’s holdings in ConocoPhillips were worth $451,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. OneAscent Financial Services LLC increased its position in shares of ConocoPhillips by 63.7% during the 1st quarter. OneAscent Financial Services LLC now owns 5,116 shares of the energy producer’s stock worth $538,000 after purchasing an additional 1,990 shares during the last quarter. IFP Advisors Inc grew its stake in shares of ConocoPhillips by 3.5% in the first quarter. IFP Advisors Inc now owns 13,078 shares of the energy producer’s stock valued at $1,373,000 after buying an additional 442 shares in the last quarter. Ignite Planners LLC increased its holdings in ConocoPhillips by 4.0% during the first quarter. Ignite Planners LLC now owns 11,349 shares of the energy producer’s stock worth $1,192,000 after buying an additional 439 shares during the last quarter. Hartford Funds Management Co LLC increased its holdings in ConocoPhillips by 26.9% during the first quarter. Hartford Funds Management Co LLC now owns 14,932 shares of the energy producer’s stock worth $1,568,000 after buying an additional 3,166 shares during the last quarter. Finally, Garner Asset Management Corp raised its position in ConocoPhillips by 6.0% during the first quarter. Garner Asset Management Corp now owns 26,049 shares of the energy producer’s stock worth $2,736,000 after acquiring an additional 1,470 shares in the last quarter. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director William H. Mcraven acquired 5,768 shares of ConocoPhillips stock in a transaction on Monday, November 10th. The shares were purchased at an average cost of $86.68 per share, for a total transaction of $499,970.24. Following the completion of the purchase, the director directly owned 5,768 shares of the company’s stock, valued at approximately $499,970.24. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.24% of the stock is owned by corporate insiders.

ConocoPhillips Stock Up 1.0%

Shares of COP opened at $89.64 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $115.38. The firm’s 50 day moving average is $90.83 and its 200-day moving average is $91.93. The stock has a market capitalization of $110.77 billion, a PE ratio of 12.03, a P/E/G ratio of 2.36 and a beta of 0.58.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results 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. ConocoPhillips had a return on equity of 14.60% and a net margin of 15.26%.The business had revenue of $15.03 billion for the quarter, compared to the consensus estimate of $14.51 billion. During the same quarter in the prior year, the business posted $1.78 earnings per share. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. Equities research analysts forecast that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Increases Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Susquehanna decreased their price objective on shares of ConocoPhillips to $113.00 and set a “positive” rating for the company in a research report on Monday, October 20th. Jefferies Financial Group cut their target price on shares of ConocoPhillips from $129.00 to $120.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Roth Capital lowered their price target on ConocoPhillips from $108.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, October 15th. Morgan Stanley dropped their price objective on ConocoPhillips from $123.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 14th. Finally, UBS Group reduced their target price on ConocoPhillips from $122.00 to $117.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Eighteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, ConocoPhillips presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.33.

ConocoPhillips Company 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.