ConocoPhillips $COP Stock: Robeco Institutional Asset Management B.V. Raises Position

Robeco Institutional Asset Management B.V. grew its stake in ConocoPhillips (NYSE:COP) by 82.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 604,449 shares of the energy producer’s stock after purchasing an additional 272,808 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in ConocoPhillips were worth $75,647,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Warwick Investment Management Inc. raised its stake in ConocoPhillips by 2.1% during the 3rd quarter. Warwick Investment Management Inc. now owns 4,066 shares of the energy producer’s stock worth $509,000 after acquiring an additional 82 shares in the last quarter. Patten Group Inc. lifted its position in ConocoPhillips by 1.5% in the first quarter. Patten Group Inc. now owns 5,447 shares of the energy producer’s stock valued at $719,000 after acquiring an additional 83 shares during the last quarter. IFC Advisors LLC boosted its stake in ConocoPhillips by 0.4% in the first quarter. IFC Advisors LLC now owns 20,182 shares of the energy producer’s stock valued at $2,664,000 after acquiring an additional 84 shares in the last quarter. Cornerstone Planning Group LLC boosted its stake in ConocoPhillips by 9.6% in the first quarter. Cornerstone Planning Group LLC now owns 1,006 shares of the energy producer’s stock valued at $124,000 after acquiring an additional 88 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in ConocoPhillips by 0.4% in the first quarter. Blue Trust Inc. now owns 21,144 shares of the energy producer’s stock valued at $2,791,000 after acquiring an additional 92 shares in the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other ConocoPhillips news, SVP Andrew Lundquist sold 9,487 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $135.15, for a total transaction of $1,282,168.05. Following the completion of the sale, the senior vice president directly owned 9,593 shares of the company’s stock, valued at approximately $1,296,493.95. This trade represents a 49.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on COP. Raymond James Financial reaffirmed an “underperform” rating and set a $168.00 price objective on shares of ConocoPhillips in a report on Monday, August 24th. UBS Group boosted their target price on ConocoPhillips from $153.00 to $169.00 and gave the company a “buy” rating in a report on Monday, September 14th. Zacks Research raised ConocoPhillips from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. Morgan Stanley upped their target price on ConocoPhillips from $151.00 to $159.00 and gave the company an “overweight” rating in a research report on Thursday, October 15th. Finally, Freedom Capital upgraded ConocoPhillips from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.00.

ConocoPhillips Trading Up 0.1%

NYSE COP opened at $145.80 on Friday. The firm’s fifty day moving average is $133.76 and its two-hundred day moving average is $122.80. ConocoPhillips has a one year low of $85.57 and a one year high of $147.55. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.54. The firm has a market cap of $175.15 billion, a PE ratio of 19.29, a P/E/G ratio of 1.45 and a beta of 0.24.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, August 6th. The energy producer reported $3.24 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.34. ConocoPhillips had a net margin of 14.22% and a return on equity of 14.72%. The business had revenue of $19.52 billion during the quarter, compared to the consensus estimate of $18.79 billion. During the same quarter in the prior year, the firm earned $1.42 earnings per share. The business’s quarterly revenue was up 32.4% compared to the same quarter last year. Analysts expect that ConocoPhillips will post 11.19 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were paid a dividend of $0.84 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $3.36 annualized dividend and a yield of 2.3%. ConocoPhillips’s dividend payout ratio is currently 44.44%.

ConocoPhillips Company Profile

ConocoPhillips (NYSE:COP) is an independent exploration and production company engaged in finding, developing and producing oil, natural gas and natural gas liquids. Unlike integrated energy companies, it primarily focuses on upstream activities rather than operating large refining or retail fuel businesses.

The company’s portfolio includes conventional and unconventional oil and natural gas assets, liquefied natural gas-related interests, oil sands operations and other energy resources.