Key Points
- Director Timothy Leach sold 40,000 ConocoPhillips shares on March 6 at an average price of $118.79 for roughly $4.75 million, cutting his stake by 8.87% to 411,211 shares (≈$48.85M).
- The company missed quarterly estimates, reporting $1.02 EPS vs. $1.23 expected and revenue of $13.86 billion versus $14.35 billion, a 3.7% year‑over‑year revenue decline.
- ConocoPhillips recently paid a quarterly dividend of $0.84 (annualized $3.36), implying a 2.9% yield and a 53% payout ratio (ex‑dividend Feb 18, paid Mar 2).
ConocoPhillips (NYSE:COP - Get Free Report) Director Timothy Leach sold 40,000 shares of ConocoPhillips stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $118.79, for a total transaction of $4,751,600.00. Following the sale, the director owned 411,211 shares of the company's stock, valued at approximately $48,847,754.69. The trade was a 8.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
ConocoPhillips Stock Up 0.0%
NYSE:COP opened at $117.09 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.30 and a quick ratio of 1.14. The company's fifty day moving average price is $104.71 and its 200-day moving average price is $96.34. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $122.50. The firm has a market capitalization of $144.69 billion, a P/E ratio of 18.47, a PEG ratio of 2.97 and a beta of 0.27.
ConocoPhillips (NYSE:COP - Get Free Report) last posted its earnings results on Thursday, February 5th. The energy producer reported $1.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.23 by ($0.21). ConocoPhillips had a net margin of 12.98% and a return on equity of 11.90%. The business had revenue of $13.86 billion for the quarter, compared to analyst estimates of $14.35 billion. During the same quarter in the prior year, the firm earned $1.98 earnings per share. The company's revenue for the quarter was down 3.7% on a year-over-year basis. As a group, equities research analysts anticipate that ConocoPhillips will post 8.16 EPS for the current year.
ConocoPhillips Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Wednesday, February 18th were issued a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Wednesday, February 18th. ConocoPhillips's payout ratio is 53.00%.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Howard Hughes Medical Institute acquired a new stake in ConocoPhillips in the 2nd quarter valued at $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in ConocoPhillips during the fourth quarter worth $25,000. Cloud Capital Management LLC purchased a new position in ConocoPhillips during the third quarter valued at $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in ConocoPhillips during the third quarter valued at $28,000. Finally, Board of the Pension Protection Fund acquired a new stake in shares of ConocoPhillips in the fourth quarter valued at about $28,000. 82.36% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts recently commented on COP shares. Bank of America reaffirmed an "underperform" rating and set a $102.00 target price on shares of ConocoPhillips in a report on Friday, January 16th. Argus boosted their price target on ConocoPhillips from $111.00 to $128.00 and gave the company a "strong-buy" rating in a report on Friday, February 13th. JPMorgan Chase & Co. upped their price objective on ConocoPhillips from $98.00 to $103.00 and gave the stock a "neutral" rating in a research report on Friday, February 6th. BMO Capital Markets raised their price objective on shares of ConocoPhillips from $115.00 to $130.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 3rd. Finally, Wall Street Zen raised shares of ConocoPhillips from a "sell" rating to a "hold" rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $117.54.
Read Our Latest Report on COP
ConocoPhillips Company Profile
(
Get Free Report)
ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.
The company's activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.
Further Reading
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