Capital Research Global Investors Has $107.60 Million Stock Position in ConocoPhillips $COP

Capital Research Global Investors increased its position in shares of ConocoPhillips (NYSE:COP) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,149,440 shares of the energy producer’s stock after purchasing an additional 6,253 shares during the quarter. Capital Research Global Investors’ holdings in ConocoPhillips were worth $107,599,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in COP. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of ConocoPhillips during the 3rd quarter worth about $28,000. Board of the Pension Protection Fund acquired a new stake in shares of ConocoPhillips during the 4th quarter worth about $28,000. Strive Asset Management LLC acquired a new stake in shares of ConocoPhillips during the 3rd quarter worth about $28,000. BNP Paribas acquired a new stake in shares of ConocoPhillips during the 2nd quarter worth about $33,000. Finally, Optima Capital LLC acquired a new stake in shares of ConocoPhillips during the 4th quarter worth about $34,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

Wall Street Analyst Weigh In

COP has been the subject of a number of recent analyst reports. Royal Bank Of Canada increased their target price on shares of ConocoPhillips from $118.00 to $152.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. Wall Street Zen upgraded shares of ConocoPhillips from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Jefferies Financial Group increased their price objective on shares of ConocoPhillips from $160.00 to $161.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Wolfe Research increased their price objective on shares of ConocoPhillips from $138.00 to $144.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Finally, Barclays increased their price objective on shares of ConocoPhillips from $136.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Seventeen equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, ConocoPhillips presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.48.

ConocoPhillips Stock Up 1.5%

Shares of NYSE:COP opened at $118.95 on Tuesday. The firm has a market cap of $144.91 billion, a P/E ratio of 20.19, a P/E/G ratio of 1.30 and a beta of 0.11. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.34. ConocoPhillips has a 12 month low of $85.57 and a 12 month high of $135.87. The company’s 50-day moving average price is $121.80 and its two-hundred day moving average price is $109.79.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.17. The company had revenue of $15.76 billion for the quarter, compared to analyst estimates of $15.62 billion. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.09 EPS. As a group, research analysts forecast that ConocoPhillips will post 10.03 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 11th were paid a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, May 11th. ConocoPhillips’s dividend payout ratio (DPR) is 57.05%.

Insider Buying and Selling

In other news, SVP Kelly Brunetti Rose sold 7,700 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $130.03, for a total value of $1,001,231.00. Following the transaction, the senior vice president owned 25,284 shares of the company’s stock, valued at approximately $3,287,678.52. This trade represents a 23.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Andrew D. Lundquist sold 34,500 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $119.68, for a total transaction of $4,128,960.00. Following the completion of the transaction, the senior vice president directly owned 17,469 shares in the company, valued at $2,090,689.92. This trade represents a 66.39% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 686,391 shares of company stock worth $87,590,752. 0.09% of the stock is currently 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.