ConocoPhillips (NYSE:COP) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in shares of ConocoPhillips (NYSE:COP) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,623,535 shares of the energy producer’s stock after acquiring an additional 150,945 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.56% of ConocoPhillips worth $768,782,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Alphinity Investment Management Pty Ltd purchased a new position in ConocoPhillips during the third quarter worth $310,102,000. Capital Wealth Planning LLC lifted its holdings in ConocoPhillips by 45,426.8% in the 3rd quarter. Capital Wealth Planning LLC now owns 1,429,085 shares of the energy producer’s stock valued at $171,204,000 after purchasing an additional 1,425,946 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of ConocoPhillips by 13,905.3% during the 4th quarter. International Assets Investment Management LLC now owns 1,114,261 shares of the energy producer’s stock worth $129,332,000 after purchasing an additional 1,106,305 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of ConocoPhillips during the third quarter worth about $99,676,000. Finally, Pacer Advisors Inc. raised its position in shares of ConocoPhillips by 29.3% in the fourth quarter. Pacer Advisors Inc. now owns 3,422,834 shares of the energy producer’s stock valued at $397,288,000 after buying an additional 776,107 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Stock Down 0.0 %

Shares of NYSE:COP traded down $0.01 during mid-day trading on Tuesday, hitting $123.54. 5,901,955 shares of the company traded hands, compared to its average volume of 5,368,249. The firm has a market cap of $144.48 billion, a P/E ratio of 13.99, a PEG ratio of 2.69 and a beta of 1.25. ConocoPhillips has a 52-week low of $97.42 and a 52-week high of $135.18. The firm’s 50 day simple moving average is $124.31 and its 200 day simple moving average is $117.59. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.21 and a current ratio of 1.35.

ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, February 8th. The energy producer reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.32. ConocoPhillips had a net margin of 18.40% and a return on equity of 20.85%. The business had revenue of $15.31 billion for the quarter, compared to analysts’ expectations of $14.47 billion. During the same period in the previous year, the company posted $2.71 earnings per share. On average, equities analysts anticipate that ConocoPhillips will post 9.1 EPS for the current year.

ConocoPhillips Announces Dividend

The firm 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 2.53%. ConocoPhillips’s dividend payout ratio is presently 26.27%.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, SVP Heather G. Hrap sold 4,548 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $110.55, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO William L. Jr. Bullock sold 45,200 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $123.32, for a total transaction of $5,574,064.00. Following the sale, the chief financial officer now directly owns 44,153 shares of the company’s stock, valued at approximately $5,444,947.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Heather G. Hrap sold 4,548 shares of the firm’s 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 owns 2,654 shares in the company, valued at $293,399.70. The disclosure for this sale can be found here. Insiders have sold a total of 700,775 shares of company stock valued at $87,615,169 in the last three months. Corporate insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Mizuho restated a “neutral” rating and set a $139.00 target price (up previously from $132.00) on shares of ConocoPhillips in a research report on Friday, March 22nd. Raymond James lowered their price objective on ConocoPhillips from $140.00 to $137.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 24th. UBS Group raised their price target on ConocoPhillips from $138.00 to $143.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Wells Fargo & Company upped their price objective on shares of ConocoPhillips from $149.00 to $151.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Barclays assumed coverage on shares of ConocoPhillips in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $158.00 target price on the stock. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $142.76.

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.