Nisa Investment Advisors LLC Acquires 6,303 Shares of ConocoPhillips $COP

Nisa Investment Advisors LLC boosted its holdings in shares of ConocoPhillips (NYSE:COP) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 396,273 shares of the energy producer’s stock after buying an additional 6,303 shares during the quarter. Nisa Investment Advisors LLC’s holdings in ConocoPhillips were worth $37,095,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Howard Hughes Medical Institute bought a new stake in shares of ConocoPhillips during the 2nd quarter worth about $25,000. Cloud Capital Management LLC acquired a new position in shares of ConocoPhillips during the 3rd quarter valued at about $26,000. Strive Asset Management LLC bought a new position in shares of ConocoPhillips in the 3rd quarter valued at approximately $28,000. Board of the Pension Protection Fund bought a new position in shares of ConocoPhillips in the 4th quarter valued at approximately $28,000. Finally, Cedar Mountain Advisors LLC lifted its holdings in ConocoPhillips by 58.0% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 316 shares of the energy producer’s stock worth $30,000 after purchasing an additional 116 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips Stock Performance

COP opened at $132.02 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.35. The stock’s 50 day moving average price is $113.99 and its two-hundred day moving average price is $99.71. The firm has a market capitalization of $163.14 billion, a P/E ratio of 20.82, a price-to-earnings-growth ratio of 2.42 and a beta of 0.27. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $135.87.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, February 5th. The energy producer reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.21). ConocoPhillips had a return on equity of 11.90% and a net margin of 12.98%.The business had revenue of $13.86 billion for the quarter, compared to analyst estimates of $14.35 billion. During the same quarter last year, the firm earned $1.98 earnings per share. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. On average, equities analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Wednesday, February 18th were issued a $0.84 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $3.36 dividend on an annualized basis and a yield of 2.5%. ConocoPhillips’s dividend payout ratio is 53.00%.

Analyst Ratings Changes

A number of brokerages have issued reports on COP. Raymond James Financial upped their target price on ConocoPhillips from $113.00 to $118.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 11th. Citigroup boosted their price objective on shares of ConocoPhillips from $125.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Wall Street Zen raised shares of ConocoPhillips from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Mizuho raised their target price on shares of ConocoPhillips from $121.00 to $136.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th. Finally, Jefferies Financial Group lifted their target price on shares of ConocoPhillips from $120.00 to $129.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, ConocoPhillips presently has an average rating of “Moderate Buy” and an average price target of $122.16.

Insider Transactions at ConocoPhillips

In other news, EVP Nicholas G. Olds sold 6,994 shares of the company’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $127.06, for a total transaction of $888,657.64. Following the completion of the transaction, the executive vice president owned 5,395 shares of the company’s stock, valued at approximately $685,488.70. This represents a 56.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Andrew D. Lundquist sold 34,500 shares of the 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 sale, the senior vice president owned 17,469 shares of the company’s stock, valued at approximately $2,090,689.92. The trade was a 66.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 621,670 shares of company stock worth $78,320,133. 0.24% of the stock is currently owned by insiders.

About ConocoPhillips

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.