ConocoPhillips (COP) Shares Bought by Norinchukin Bank The

Norinchukin Bank The grew its position in shares of ConocoPhillips (NYSE:COP) by 7.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 170,508 shares of the energy producer’s stock after purchasing an additional 11,114 shares during the quarter. Norinchukin Bank The’s holdings in ConocoPhillips were worth $10,109,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Shufro Rose & Co. LLC increased its position in shares of ConocoPhillips by 8.1% during the 1st quarter. Shufro Rose & Co. LLC now owns 10,650 shares of the energy producer’s stock valued at $631,000 after purchasing an additional 800 shares during the period. SVA Plumb Wealth Management LLC increased its position in shares of ConocoPhillips by 14.6% during the 1st quarter. SVA Plumb Wealth Management LLC now owns 6,391 shares of the energy producer’s stock valued at $320,000 after purchasing an additional 816 shares during the period. Jacobi Capital Management LLC increased its position in shares of ConocoPhillips by 29.0% during the 1st quarter. Jacobi Capital Management LLC now owns 3,635 shares of the energy producer’s stock valued at $211,000 after purchasing an additional 817 shares during the period. Global X Management Co. LLC increased its position in shares of ConocoPhillips by 5.1% during the 1st quarter. Global X Management Co. LLC now owns 16,952 shares of the energy producer’s stock valued at $1,005,000 after purchasing an additional 827 shares during the period. Finally, Fisher Asset Management LLC increased its position in shares of ConocoPhillips by 14.0% during the 4th quarter. Fisher Asset Management LLC now owns 6,918 shares of the energy producer’s stock valued at $380,000 after purchasing an additional 851 shares during the period. Institutional investors own 71.21% of the company’s stock.

In other news, SVP Andrew D. Lundquist sold 25,000 shares of ConocoPhillips stock in a transaction on Thursday, March 29th. The stock was sold at an average price of $58.96, for a total transaction of $1,474,000.00. Following the transaction, the senior vice president now owns 27,353 shares in the company, valued at $1,612,732.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Janet Langford Kelly sold 64,184 shares of ConocoPhillips stock in a transaction on Monday, May 14th. The shares were sold at an average price of $70.00, for a total value of $4,492,880.00. Following the transaction, the senior vice president now owns 105,395 shares in the company, valued at approximately $7,377,650. The disclosure for this sale can be found here. Insiders have sold 309,052 shares of company stock worth $20,965,534 in the last quarter. 0.88% of the stock is currently owned by corporate insiders.

Shares of ConocoPhillips opened at $65.47 on Friday, MarketBeat Ratings reports. ConocoPhillips has a 1-year low of $42.26 and a 1-year high of $71.71. The company has a current ratio of 1.86, a quick ratio of 1.71 and a debt-to-equity ratio of 0.54. The firm has a market cap of $76.60 billion, a PE ratio of 109.12, a price-to-earnings-growth ratio of 1.97 and a beta of 1.22.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, April 26th. The energy producer reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.22. ConocoPhillips had a positive return on equity of 6.69% and a negative net margin of 1.64%. The business had revenue of $8.96 billion for the quarter, compared to the consensus estimate of $8.68 billion. During the same quarter in the previous year, the company posted ($0.02) earnings per share. equities research analysts anticipate that ConocoPhillips will post 3.69 EPS for the current year.

ConocoPhillips declared that its Board of Directors has authorized a share repurchase plan on Thursday, February 1st that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the energy producer to buy shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Monday, May 14th will be issued a dividend of $0.285 per share. The ex-dividend date is Friday, May 11th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.74%. ConocoPhillips’s dividend payout ratio is 190.00%.

Several equities analysts have recently issued reports on the company. Barclays set a $71.00 price target on ConocoPhillips and gave the company a “buy” rating in a research report on Sunday, March 4th. Zacks Investment Research upgraded ConocoPhillips from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Thursday, April 19th. Jefferies Group cut ConocoPhillips from a “buy” rating to a “hold” rating and lifted their target price for the stock from $66.42 to $68.00 in a report on Thursday, April 19th. Argus set a $76.00 target price on ConocoPhillips and gave the stock a “buy” rating in a report on Friday, May 4th. Finally, ValuEngine upgraded ConocoPhillips from a “hold” rating to a “buy” rating in a report on Friday, April 13th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $63.50.

ConocoPhillips Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. Its portfolio includes North American tight oil and oil sands assets in Canada; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; and an inventory of conventional and unconventional exploration prospects.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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