Fidelis Capital Partners LLC Has $2.21 Million Stock Position in ConocoPhillips (NYSE:COP)

Fidelis Capital Partners LLC raised its holdings in ConocoPhillips (NYSE:COP) by 21.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,006 shares of the energy producer’s stock after buying an additional 3,306 shares during the quarter. Fidelis Capital Partners LLC’s holdings in ConocoPhillips were worth $2,206,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in COP. Norris Perne & French LLP MI grew its holdings in shares of ConocoPhillips by 1.9% during the 3rd quarter. Norris Perne & French LLP MI now owns 4,364 shares of the energy producer’s stock worth $523,000 after purchasing an additional 80 shares in the last quarter. Sloy Dahl & Holst LLC grew its holdings in shares of ConocoPhillips by 3.3% during the 3rd quarter. Sloy Dahl & Holst LLC now owns 2,629 shares of the energy producer’s stock worth $315,000 after purchasing an additional 85 shares in the last quarter. Mascoma Wealth Management LLC grew its holdings in shares of ConocoPhillips by 35.9% during the 3rd quarter. Mascoma Wealth Management LLC now owns 333 shares of the energy producer’s stock worth $40,000 after purchasing an additional 88 shares in the last quarter. CRA Financial Services LLC grew its holdings in shares of ConocoPhillips by 1.9% during the 3rd quarter. CRA Financial Services LLC now owns 4,702 shares of the energy producer’s stock worth $563,000 after purchasing an additional 89 shares in the last quarter. Finally, KLCM Advisors Inc. grew its holdings in shares of ConocoPhillips by 2.8% during the 3rd quarter. KLCM Advisors Inc. now owns 3,305 shares of the energy producer’s stock worth $396,000 after purchasing an additional 89 shares in the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

Insider Transactions at ConocoPhillips

In related news, VP Christopher P. Delk sold 8,505 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $112.06, for a total transaction of $953,070.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, SVP Heather G. Hrap sold 4,548 shares of ConocoPhillips stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $110.55, for a total transaction of $502,781.40. Following the completion of the transaction, the senior vice president now directly owns 2,654 shares in the company, valued at approximately $293,399.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher P. Delk sold 8,505 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $112.06, for a total value of $953,070.30. The disclosure for this sale can be found here. Insiders sold 700,775 shares of company stock valued at $87,615,169 over the last three months. Company insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on COP shares. Mizuho reaffirmed a “neutral” rating and issued a $139.00 price target (up previously from $132.00) on shares of ConocoPhillips in a research note on Friday, March 22nd. Raymond James decreased their price target on ConocoPhillips from $140.00 to $137.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 24th. Scotiabank boosted their price target on ConocoPhillips from $120.00 to $135.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Susquehanna cut their price objective on ConocoPhillips from $152.00 to $133.00 and set a “positive” rating for the company in a research report on Friday, January 26th. Finally, Barclays initiated coverage on ConocoPhillips in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $158.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ConocoPhillips has a consensus rating of “Moderate Buy” and an average price target of $142.00.

ConocoPhillips Stock Down 0.4 %

Shares of COP stock traded down $0.52 on Thursday, hitting $127.81. 3,578,165 shares of the stock were exchanged, compared to its average volume of 5,453,397. The company has a current ratio of 1.43, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $150.36 billion, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 2.77 and a beta of 1.24. The business has a 50-day moving average of $119.92 and a 200 day moving average of $117.01. ConocoPhillips has a fifty-two week low of $95.70 and a fifty-two week high of $135.18.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, February 8th. The energy producer reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.32. The company had revenue of $15.31 billion during the quarter, compared to analysts’ expectations of $14.47 billion. ConocoPhillips had a return on equity of 22.08% and a net margin of 18.71%. During the same period in the prior year, the firm earned $2.71 earnings per share. Equities analysts anticipate that ConocoPhillips will post 9.35 EPS for the current year.

ConocoPhillips Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 19th were given a dividend of $0.78 per share. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.58. This represents a $3.12 annualized dividend and a dividend yield of 2.44%. The ex-dividend date was Thursday, February 15th. ConocoPhillips’s dividend payout ratio is currently 25.61%.

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.