15,015 Shares in ConocoPhillips $COP Purchased by Transamerica Financial Advisors LLC

Transamerica Financial Advisors LLC purchased a new stake in shares of ConocoPhillips (NYSE:COP) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 15,015 shares of the energy producer’s stock, valued at approximately $1,561,000.

A number of other large investors also recently bought and sold shares of the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of ConocoPhillips during the 4th quarter worth approximately $25,000. Strive Asset Management LLC purchased a new position in shares of ConocoPhillips during the 3rd quarter valued at approximately $28,000. Frazier Financial Advisors LLC lifted its stake in shares of ConocoPhillips by 151.0% in the 1st quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer’s stock valued at $32,000 after purchasing an additional 145 shares during the period. Allied Private Wealth LLC acquired a new position in shares of ConocoPhillips in the 2nd quarter valued at $32,000. Finally, BNP Paribas purchased a new stake in ConocoPhillips during the second quarter worth $33,000. 82.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

COP has been the topic of several analyst reports. Jefferies Financial Group raised their price target on shares of ConocoPhillips from $160.00 to $161.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Capital One Financial lowered their target price on shares of ConocoPhillips from $156.00 to $154.00 and set an “equal weight” rating on the stock in a research note on Monday, May 18th. Susquehanna raised their target price on ConocoPhillips from $155.00 to $161.00 and gave the company a “positive” rating in a research report on Tuesday, August 11th. Weiss Ratings upgraded ConocoPhillips from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. Finally, Roth Capital raised ConocoPhillips from a “neutral” rating to a “buy” rating and upped their price target for the stock from $124.00 to $130.00 in a report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $140.29.

Insiders Place Their Bets

In related news, SVP Andrew D. Lundquist sold 9,487 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $135.15, for a total transaction of $1,282,168.05. Following the transaction, the senior vice president directly owned 9,593 shares in the company, valued at approximately $1,296,493.95. The trade was a 49.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.09% of the company’s stock.

ConocoPhillips Stock Down 0.8%

NYSE COP opened at $130.79 on Thursday. The business has a fifty day moving average price of $116.53 and a 200 day moving average price of $118.32. ConocoPhillips has a one year low of $85.57 and a one year high of $135.88. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.54. The company has a market cap of $157.12 billion, a P/E ratio of 17.30, a P/E/G ratio of 1.39 and a beta of 0.11.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, August 6th. The energy producer reported $3.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.90 by $0.34. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%.The company had revenue of $19.52 billion for the quarter, compared to analyst estimates of $18.79 billion. During the same quarter last year, the firm posted $1.42 EPS. The firm’s revenue for the quarter was up 32.4% on a year-over-year basis. Research analysts anticipate that ConocoPhillips will post 10.55 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be paid a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, August 17th. ConocoPhillips’s dividend payout ratio (DPR) is currently 44.44%.

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.