Bank Julius Baer & Co. Ltd Zurich Sells 400,067 Shares of ConocoPhillips $COP

Bank Julius Baer & Co. Ltd Zurich decreased its stake in ConocoPhillips (NYSE:COP) by 21.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,456,881 shares of the energy producer’s stock after selling 400,067 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in ConocoPhillips were worth $136,463,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Wedge Capital Management L L P NC increased its stake in shares of ConocoPhillips by 4.1% in the fourth quarter. Wedge Capital Management L L P NC now owns 2,570 shares of the energy producer’s stock valued at $241,000 after buying an additional 101 shares during the period. Strategic Blueprint LLC increased its stake in shares of ConocoPhillips by 1.3% in the fourth quarter. Strategic Blueprint LLC now owns 8,018 shares of the energy producer’s stock valued at $751,000 after buying an additional 101 shares during the period. Chesapeake Wealth Management increased its stake in shares of ConocoPhillips by 1.5% in the fourth quarter. Chesapeake Wealth Management now owns 7,160 shares of the energy producer’s stock valued at $670,000 after buying an additional 103 shares during the period. Oregon Pacific Wealth Management LLC increased its stake in shares of ConocoPhillips by 4.5% in the fourth quarter. Oregon Pacific Wealth Management LLC now owns 2,414 shares of the energy producer’s stock valued at $226,000 after buying an additional 104 shares during the period. Finally, Redhawk Wealth Advisors Inc. increased its stake in shares of ConocoPhillips by 5.1% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 2,231 shares of the energy producer’s stock valued at $209,000 after buying an additional 109 shares during the period. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Stock Performance

Shares of COP stock opened at $117.35 on Thursday. The company has a market cap of $142.97 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 1.64 and a beta of 0.14. ConocoPhillips has a 52 week low of $84.28 and a 52 week high of $135.87. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $122.93 and a 200-day moving average of $105.92.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, April 30th. The energy producer reported $1.89 EPS for the quarter, topping the consensus estimate of $1.72 by $0.17. The company had revenue of $15.76 billion during the quarter, compared to the consensus estimate of $15.62 billion. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The company’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.09 EPS. On average, equities analysts forecast that ConocoPhillips will post 9.62 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 11th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $3.36 annualized dividend and a dividend yield of 2.9%. ConocoPhillips’s dividend payout ratio (DPR) is 57.05%.

Insider Activity at ConocoPhillips

In other news, SVP Andrew D. Lundquist sold 34,500 shares of the firm’s stock in a transaction that occurred on 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 $2,090,689.92. This trade represents a 66.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Ryan Michael Lance sold 113,221 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $132.71, for a total transaction of $15,025,558.91. Following the sale, the chief executive officer directly owned 350,000 shares of the company’s stock, valued at approximately $46,448,500. This trade represents a 24.44% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 734,891 shares of company stock worth $93,345,692. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

COP has been the subject of several recent research reports. Raymond James Financial increased their price target on ConocoPhillips from $118.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, April 27th. Wolfe Research increased their price target on ConocoPhillips from $138.00 to $144.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Jefferies Financial Group increased their price target on ConocoPhillips from $129.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, April 13th. Citigroup increased their price target on ConocoPhillips from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Finally, BMO Capital Markets decreased their price target on ConocoPhillips from $140.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $132.84.

ConocoPhillips 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.