Applied Finance Capital Management LLC Buys 13,235 Shares of ConocoPhillips (NYSE:COP)

Applied Finance Capital Management LLC grew its stake in ConocoPhillips (NYSE:COPFree Report) by 10.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,105 shares of the energy producer’s stock after purchasing an additional 13,235 shares during the quarter. Applied Finance Capital Management LLC’s holdings in ConocoPhillips were worth $16,378,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Orion Capital Management LLC bought a new stake in ConocoPhillips during the third quarter worth $27,000. West Branch Capital LLC lifted its holdings in ConocoPhillips by 87.8% during the fourth quarter. West Branch Capital LLC now owns 231 shares of the energy producer’s stock worth $27,000 after acquiring an additional 108 shares during the period. Oliver Lagore Vanvalin Investment Group lifted its holdings in ConocoPhillips by 63.1% during the third quarter. Oliver Lagore Vanvalin Investment Group now owns 287 shares of the energy producer’s stock worth $34,000 after acquiring an additional 111 shares during the period. Private Wealth Management Group LLC bought a new stake in ConocoPhillips during the fourth quarter worth $34,000. Finally, Spartan Planning & Wealth Management bought a new stake in ConocoPhillips during the third quarter worth $40,000. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Stock Performance

Shares of NYSE COP traded up $1.88 during mid-day trading on Friday, hitting $121.71. The company had a trading volume of 4,450,253 shares, compared to its average volume of 5,062,339. ConocoPhillips has a 1 year low of $98.38 and a 1 year high of $135.18. The stock’s 50-day moving average price is $125.79 and its 200-day moving average price is $117.74. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $142.34 billion, a price-to-earnings ratio of 13.78, a P/E/G ratio of 2.64 and a beta of 1.25.

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 13th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Friday, May 10th. ConocoPhillips’s payout ratio is 26.27%.

Insider Buying and Selling

In related news, EVP Nicholas G. Olds sold 12,150 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $126.44, for a total transaction of $1,536,246.00. Following the completion of the transaction, the executive vice president now directly owns 14,522 shares in the company, valued at $1,836,161.68. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other ConocoPhillips news, SVP Heather G. Hrap sold 4,548 shares of ConocoPhillips stock in a transaction dated 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 sale, the senior vice president now owns 2,654 shares of the company’s stock, valued at $293,399.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Nicholas G. Olds sold 12,150 shares of ConocoPhillips stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $126.44, for a total value of $1,536,246.00. Following the sale, the executive vice president now directly owns 14,522 shares of the company’s stock, valued at approximately $1,836,161.68. The disclosure for this sale can be found here. Insiders sold a total of 700,775 shares of company stock worth $87,615,169 over the last ninety days. 0.34% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on COP shares. Morgan Stanley lifted their price target on ConocoPhillips from $123.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Wells Fargo & Company boosted their target price on ConocoPhillips from $149.00 to $151.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. UBS Group boosted their target price on ConocoPhillips from $138.00 to $143.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. Barclays assumed coverage on ConocoPhillips in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $158.00 target price on the stock. Finally, Susquehanna boosted their target price on ConocoPhillips from $133.00 to $154.00 and gave the company a “positive” rating in a research note on Monday, April 22nd. Five equities research 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. According to MarketBeat, ConocoPhillips presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.24.

Check Out Our Latest Stock Analysis on COP

ConocoPhillips Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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