Team Hewins LLC Purchases New Holdings in ConocoPhillips (NYSE:COP)

Team Hewins LLC acquired a new position in ConocoPhillips (NYSE:COP) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,833 shares of the energy producer’s stock, valued at approximately $677,000.

Several other institutional investors also recently modified their holdings of COP. Orion Capital Management LLC bought a new position in shares of ConocoPhillips during the 3rd quarter worth about $27,000. West Branch Capital LLC lifted its stake 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 purchasing an additional 108 shares during the period. Sachetta LLC bought a new position in ConocoPhillips during the fourth quarter worth about $27,000. Oliver Lagore Vanvalin Investment Group boosted 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 valued at $34,000 after purchasing an additional 111 shares in the last quarter. Finally, Private Wealth Management Group LLC acquired a new position in shares of ConocoPhillips in the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Stock Performance

NYSE:COP traded down $0.44 during mid-day trading on Friday, hitting $117.21. The stock had a trading volume of 2,192,480 shares, compared to its average volume of 5,250,949. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.21 and a current ratio of 1.35. The company’s 50 day simple moving average is $125.98 and its 200 day simple moving average is $117.74. The stock has a market cap of $137.08 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 2.60 and a beta of 1.25. ConocoPhillips has a twelve month low of $98.38 and a twelve month high of $135.18.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, May 2nd. The energy producer reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.04. The firm had revenue of $14.48 billion for the quarter, compared to the consensus estimate of $14.72 billion. ConocoPhillips had a net margin of 18.40% and a return on equity of 20.85%. On average, equities research analysts forecast that ConocoPhillips will post 9.09 earnings per share for the current year.

ConocoPhillips Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 13th will be paid a $0.78 dividend. The ex-dividend date is Friday, May 10th. This represents a $3.12 annualized dividend and a dividend yield of 2.66%. ConocoPhillips’s payout ratio is 26.27%.

Insider Activity

In other news, CEO Ryan Michael Lance sold 607,000 shares of ConocoPhillips stock in a transaction dated 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 of the company’s stock, valued at approximately $853,669.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other ConocoPhillips news, 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 transaction of $1,536,246.00. Following the completion of the transaction, the executive vice president now owns 14,522 shares in the company, valued at approximately $1,836,161.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Michael Lance sold 607,000 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The shares were 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 owns 6,780 shares in the company, valued at approximately $853,669.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 664,350 shares of company stock valued at $83,537,680. 0.34% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on COP shares. Royal Bank of Canada lifted their price target on shares of ConocoPhillips from $135.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, May 15th. Morgan Stanley raised their price objective on shares of ConocoPhillips from $123.00 to $129.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. UBS Group increased their target price on shares of ConocoPhillips from $138.00 to $143.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Susquehanna boosted their price objective on ConocoPhillips from $133.00 to $154.00 and gave the company a “positive” rating in a research report on Monday, April 22nd. Finally, Mizuho boosted their price objective on shares of ConocoPhillips from $139.00 to $142.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $143.24.

ConocoPhillips Company Profile

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.