Larry Mathis Financial Planning LLC Takes Position in ConocoPhillips $COP

Larry Mathis Financial Planning LLC bought a new position in ConocoPhillips (NYSE:COP) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,022 shares of the energy producer’s stock, valued at approximately $470,000.

A number of other institutional investors and hedge funds have also modified their holdings of COP. Victory Capital Management Inc. grew its holdings in shares of ConocoPhillips by 14.7% during the 3rd quarter. Victory Capital Management Inc. now owns 2,331,176 shares of the energy producer’s stock valued at $220,506,000 after acquiring an additional 298,245 shares in the last quarter. Natixis Advisors LLC increased its stake in shares of ConocoPhillips by 8.7% in the third quarter. Natixis Advisors LLC now owns 1,996,426 shares of the energy producer’s stock worth $188,842,000 after acquiring an additional 160,410 shares during the last quarter. Concurrent Investment Advisors LLC increased its stake in shares of ConocoPhillips by 31.2% in the fourth quarter. Concurrent Investment Advisors LLC now owns 86,171 shares of the energy producer’s stock worth $8,067,000 after acquiring an additional 20,501 shares during the last quarter. SPX Gestao de Recursos Ltda purchased a new stake in shares of ConocoPhillips during the third quarter worth $1,892,000. Finally, D.A. Davidson & CO. boosted its position in ConocoPhillips by 10.5% during the fourth quarter. D.A. Davidson & CO. now owns 155,662 shares of the energy producer’s stock valued at $14,572,000 after purchasing an additional 14,833 shares during the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.

ConocoPhillips Trading Up 0.2%

ConocoPhillips stock opened at $107.92 on Friday. ConocoPhillips has a one year low of $85.57 and a one year high of $135.87. The company’s fifty day moving average price is $118.65 and its two-hundred day moving average price is $111.25. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.29 and a quick ratio of 1.14. The company has a market capitalization of $131.48 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 1.19 and a beta of 0.11.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.17. The company had revenue of $15.76 billion during the quarter, compared to the consensus estimate of $15.62 billion. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The firm’s revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.09 EPS. On average, analysts forecast that ConocoPhillips will post 10.03 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 11th were given a dividend of $0.84 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $3.36 dividend on an annualized basis and a yield of 3.1%. ConocoPhillips’s dividend payout ratio is presently 57.05%.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, CEO Ryan Michael Lance sold 113,221 shares of the stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $132.71, for a total transaction of $15,025,558.91. Following the transaction, the chief executive officer owned 350,000 shares in the company, valued at $46,448,500. This trade represents a 24.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Kelly Brunetti Rose sold 7,700 shares of the business’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $130.03, for a total transaction of $1,001,231.00. Following the completion of the sale, the senior vice president owned 25,284 shares of the company’s stock, valued at $3,287,678.52. The trade was a 23.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 127,915 shares of company stock worth $16,915,448 over the last 90 days. Insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on COP shares. Citigroup boosted their target price on ConocoPhillips from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Zacks Research downgraded ConocoPhillips from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Raymond James Financial reduced their price target on ConocoPhillips from $145.00 to $142.00 and set an “outperform” rating for the company in a report on Monday, June 1st. Weiss Ratings reissued a “hold (c)” rating on shares of ConocoPhillips in a research note on Wednesday, June 3rd. Finally, Jefferies Financial Group increased their price objective on ConocoPhillips from $160.00 to $161.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Seventeen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, ConocoPhillips has an average rating of “Moderate Buy” and a consensus target price of $134.48.

About ConocoPhillips

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.