234 Shares in ConocoPhillips (NYSE:COP) Purchased by Sachetta LLC

Sachetta LLC purchased a new position in ConocoPhillips (NYSE:COP) during the fourth quarter, Holdings Channel.com reports. The firm purchased 234 shares of the energy producer’s stock, valued at approximately $27,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Orion Capital Management LLC acquired a new stake in ConocoPhillips during the 3rd quarter worth about $27,000. West Branch Capital LLC boosted its position in ConocoPhillips by 87.8% during the 4th 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 boosted its position in ConocoPhillips by 63.1% during the 3rd 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 acquired a new stake in ConocoPhillips during the 4th quarter worth about $34,000. Finally, Spartan Planning & Wealth Management acquired a new stake in ConocoPhillips during the 3rd quarter worth about $40,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

ConocoPhillips Stock Performance

COP opened at $118.21 on Thursday. The stock has a market cap of $138.25 billion, a PE ratio of 13.39, a P/E/G ratio of 2.65 and a beta of 1.25. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.35. ConocoPhillips has a 1 year low of $98.38 and a 1 year high of $135.18. The stock’s 50 day simple moving average is $126.02 and its 200-day simple moving average is $117.74.

ConocoPhillips Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 13th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Friday, May 10th. ConocoPhillips’s dividend payout ratio is presently 26.27%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on COP. Mizuho lifted their price target on ConocoPhillips from $139.00 to $142.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Wells Fargo & Company lifted their price target on ConocoPhillips from $149.00 to $151.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Royal Bank of Canada lifted their price target on ConocoPhillips from $135.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, May 15th. Raymond James reduced their price target on ConocoPhillips from $140.00 to $137.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 24th. Finally, Susquehanna lifted their price target on ConocoPhillips from $133.00 to $154.00 and gave the company a “positive” rating in a report on Monday, April 22nd. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $143.24.

Insider Activity

In other news, CEO Ryan Michael Lance sold 607,000 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $125.91, for a total transaction of $76,427,370.00. Following the sale, the chief executive officer now directly owns 6,780 shares in the company, valued at $853,669.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO William L. Jr. Bullock sold 45,200 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $123.32, for a total value of $5,574,064.00. Following the sale, the chief financial officer now owns 44,153 shares of the company’s stock, valued at approximately $5,444,947.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ryan Michael Lance sold 607,000 shares of the business’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $125.91, for a total value of $76,427,370.00. Following the completion of the transaction, the chief executive officer now directly owns 6,780 shares in the company, valued at approximately $853,669.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 664,350 shares of company stock worth $83,537,680. Company insiders own 0.34% of the company’s stock.

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.