ConocoPhillips (NYSE:COP - Get Free Report) SVP Andrew Lundquist sold 9,487 shares of the company's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $135.15, for a total transaction of $1,282,168.05. Following the transaction, the senior vice president owned 9,593 shares in the company, valued at approximately $1,296,493.95. The trade was a 49.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
ConocoPhillips Stock Down 1.1%
COP opened at $133.37 on Tuesday. The company has a market cap of $160.22 billion, a P/E ratio of 17.64, a P/E/G ratio of 1.43 and a beta of 0.11. The company has a current ratio of 1.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35. The business's 50-day moving average price is $115.73 and its 200-day moving average price is $117.97. ConocoPhillips has a 12 month low of $85.57 and a 12 month high of $135.88.
ConocoPhillips (NYSE:COP - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The energy producer reported $3.24 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.34. ConocoPhillips had a net margin of 14.22% and a return on equity of 14.72%. The business had revenue of $19.52 billion for the quarter, compared to analysts' expectations of $18.79 billion. During the same quarter last year, the company posted $1.42 EPS. The company's revenue was up 32.4% compared to the same quarter last year. On average, equities analysts expect that ConocoPhillips will post 10.46 EPS for the current year.
ConocoPhillips Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be given a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, August 17th. ConocoPhillips's dividend payout ratio is currently 44.44%.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on COP. Truist Financial upped their target price on ConocoPhillips from $115.00 to $130.00 and gave the company a "hold" rating in a research report on Monday, August 10th. Susquehanna lifted their price target on ConocoPhillips from $155.00 to $161.00 and gave the stock a "positive" rating in a research note on Tuesday, August 11th. Weiss Ratings upgraded ConocoPhillips from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, August 6th. UBS Group upped their price objective on shares of ConocoPhillips from $143.00 to $153.00 and gave the company a "buy" rating in a research note on Wednesday, August 12th. Finally, Mizuho decreased their target price on shares of ConocoPhillips from $150.00 to $146.00 and set an "outperform" rating for the company in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $140.29.
Get Our Latest Stock Report on COP
Institutional Investors Weigh In On ConocoPhillips
Hedge funds have recently added to or reduced their stakes in the stock. Frazier Financial Advisors LLC raised its holdings in ConocoPhillips by 151.0% during the 1st quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer's stock worth $32,000 after buying an additional 145 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in ConocoPhillips in the 4th quarter valued at about $25,000. Ballast Advisors LLC bought a new position in shares of ConocoPhillips during the first quarter worth approximately $36,000. Evergreen Advisors LLC acquired a new position in shares of ConocoPhillips during the first quarter worth $36,000. Finally, Allied Private Wealth LLC acquired a new stake in shares of ConocoPhillips during the second quarter valued at about $32,000. Institutional investors own 82.36% of the company's stock.
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.
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