Clifford Swan Investment Counsel LLC Sells 1,437 Shares of ConocoPhillips (NYSE:COP)

Clifford Swan Investment Counsel LLC lessened its holdings in ConocoPhillips (NYSE:COP) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,330 shares of the energy producer’s stock after selling 1,437 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in ConocoPhillips were worth $12,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Sloy Dahl & Holst LLC boosted its stake in shares of ConocoPhillips by 3.3% in the third quarter. Sloy Dahl & Holst LLC now owns 2,629 shares of the energy producer’s stock worth $315,000 after acquiring an additional 85 shares during the period. KLCM Advisors Inc. boosted its stake in shares of ConocoPhillips by 2.8% in the third quarter. KLCM Advisors Inc. now owns 3,305 shares of the energy producer’s stock worth $396,000 after acquiring an additional 89 shares during the period. Evergreen Capital Management LLC boosted its stake in shares of ConocoPhillips by 0.5% in the third quarter. Evergreen Capital Management LLC now owns 18,944 shares of the energy producer’s stock worth $2,270,000 after acquiring an additional 89 shares during the period. Endowment Wealth Management Inc. boosted its stake in shares of ConocoPhillips by 4.6% in the third quarter. Endowment Wealth Management Inc. now owns 2,055 shares of the energy producer’s stock worth $246,000 after acquiring an additional 90 shares during the period. Finally, Your Advocates Ltd. LLP boosted its stake in shares of ConocoPhillips by 2.9% in the third quarter. Your Advocates Ltd. LLP now owns 3,340 shares of the energy producer’s stock worth $400,000 after acquiring an additional 93 shares during the period. Institutional investors own 82.36% of the company’s stock.

Insiders Place Their Bets

In other ConocoPhillips news, VP Christopher P. Delk sold 8,505 shares of the firm’s stock in a transaction on 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 filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Heather G. Hrap sold 4,548 shares of ConocoPhillips stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $110.55, for a total value of $502,781.40. Following 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher P. Delk sold 8,505 shares of ConocoPhillips 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 have sold 700,775 shares of company stock worth $87,615,169 in the last ninety days. 0.34% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on COP. Mizuho reaffirmed a “neutral” rating and issued a $139.00 price objective (up previously from $132.00) on shares of ConocoPhillips in a research note on Friday, March 22nd. Barclays began coverage on ConocoPhillips in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $158.00 price objective for the company. Susquehanna upped their price objective on ConocoPhillips from $133.00 to $154.00 and gave the stock a “positive” rating in a research note on Monday, April 22nd. Scotiabank boosted their target price on ConocoPhillips from $120.00 to $135.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Finally, Wells Fargo & Company boosted their target price on ConocoPhillips from $149.00 to $151.00 and gave the stock an “overweight” rating in a research report on Friday. 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 stock. Based on data from MarketBeat.com, ConocoPhillips has a consensus rating of “Moderate Buy” and a consensus price target of $142.76.

ConocoPhillips Trading Down 0.0 %

Shares of NYSE COP traded down $0.02 during midday trading on Friday, hitting $122.23. The company’s stock had a trading volume of 5,020,657 shares, compared to its average volume of 4,434,834. The business’s 50 day moving average is $123.85 and its two-hundred day moving average is $117.61. The firm has a market cap of $143.79 billion, a P/E ratio of 13.84, a price-to-earnings-growth ratio of 2.68 and a beta of 1.25. ConocoPhillips has a 12-month low of $95.81 and a 12-month high of $135.18. The company has a current ratio of 1.35, a quick ratio of 1.29 and a debt-to-equity ratio of 0.35.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, February 8th. The energy producer reported $2.40 EPS for the quarter, topping the consensus estimate of $2.08 by $0.32. The company had revenue of $15.31 billion for the quarter, compared to the consensus estimate of $14.47 billion. ConocoPhillips had a return on equity of 20.85% and a net margin of 18.40%. During the same period last year, the business posted $2.71 EPS. As a group, equities research analysts expect that ConocoPhillips will post 9.1 EPS for the current year.

ConocoPhillips Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 13th will be issued a dividend of $0.78 per share. The ex-dividend date is Friday, May 10th. This represents a $3.12 annualized dividend and a yield of 2.55%. ConocoPhillips’s payout ratio is currently 26.27%.

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.