ConocoPhillips $COP Shares Sold by Swiss National Bank

Swiss National Bank trimmed its holdings in shares of ConocoPhillips (NYSE:COP) by 4.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,639,070 shares of the energy producer’s stock after selling 187,800 shares during the period. Swiss National Bank owned 0.29% of ConocoPhillips worth $344,220,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Greenfield Savings Bank grew its position in shares of ConocoPhillips by 1.2% during the 3rd quarter. Greenfield Savings Bank now owns 9,018 shares of the energy producer’s stock valued at $853,000 after buying an additional 108 shares during the last quarter. Perennial Investment Advisors LLC lifted its holdings in ConocoPhillips by 2.8% in the second quarter. Perennial Investment Advisors LLC now owns 4,097 shares of the energy producer’s stock worth $368,000 after acquiring an additional 112 shares during the last quarter. FAS Wealth Partners Inc. boosted its stake in ConocoPhillips by 0.9% in the second quarter. FAS Wealth Partners Inc. now owns 12,154 shares of the energy producer’s stock valued at $1,091,000 after acquiring an additional 112 shares during the period. Strategic Blueprint LLC boosted its stake in ConocoPhillips by 1.4% in the third quarter. Strategic Blueprint LLC now owns 7,917 shares of the energy producer’s stock valued at $749,000 after acquiring an additional 112 shares during the period. Finally, Strathmore Capital Advisors Inc. grew its holdings in shares of ConocoPhillips by 3.5% during the third quarter. Strathmore Capital Advisors Inc. now owns 3,441 shares of the energy producer’s stock valued at $325,000 after purchasing an additional 116 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips Price Performance

Shares of NYSE COP opened at $117.25 on Monday. The stock has a market cap of $144.89 billion, a P/E ratio of 18.49, a P/E/G ratio of 2.97 and a beta of 0.27. The firm’s 50-day simple moving average is $104.22 and its 200 day simple moving average is $96.18. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $122.50. The company has a quick ratio of 1.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.35.

ConocoPhillips (NYSE:COP) last announced 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). The company had revenue of $13.86 billion during the quarter, compared to the consensus estimate of $14.35 billion. ConocoPhillips had a net margin of 12.98% and a return on equity of 11.90%. The business’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.98 EPS. Equities analysts expect that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Wednesday, February 18th were paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Wednesday, February 18th. ConocoPhillips’s dividend payout ratio is currently 53.00%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. UBS Group raised their price target on ConocoPhillips from $130.00 to $144.00 and gave the stock a “buy” rating in a report on Thursday. Roth Mkm lowered shares of ConocoPhillips from a “buy” rating to a “neutral” rating and set a $112.00 price target for the company. in a research report on Tuesday, February 17th. Wolfe Research lifted their price objective on shares of ConocoPhillips from $122.00 to $123.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Argus upped their target price on shares of ConocoPhillips from $111.00 to $128.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 13th. Finally, Raymond James Financial raised their price target on shares of ConocoPhillips from $113.00 to $118.00 and gave the company an “outperform” rating in a research note on Wednesday, February 11th. One research 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 given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $117.54.

Insider Activity

In related news, CEO Ryan Michael Lance sold 500,708 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $92.50, for a total transaction of $46,315,490.00. Following the transaction, the chief executive officer owned 325,972 shares in the company, valued at $30,152,410. This trade represents a 60.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.24% of the stock is owned by company insiders.

ConocoPhillips Company Profile

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.