ConocoPhillips (NYSE:COP - Get Free Report) Director Arjun N. Murti acquired 2,500 shares of the stock in a transaction on Friday, December 20th. The shares were acquired at an average price of $95.87 per share, with a total value of $239,675.00. Following the purchase, the director now owns 21,500 shares in the company, valued at $2,061,205. This represents a 13.16 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
ConocoPhillips Stock Performance
Shares of COP opened at $95.12 on Friday. The firm has a fifty day moving average of $106.27 and a 200-day moving average of $109.09. The company has a market cap of $109.47 billion, a price-to-earnings ratio of 11.31, a price-to-earnings-growth ratio of 0.83 and a beta of 1.18. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.16 and a current ratio of 1.30. ConocoPhillips has a 1 year low of $94.23 and a 1 year high of $135.18.
ConocoPhillips (NYSE:COP - Get Free Report) last posted its earnings results on Thursday, October 31st. The energy producer reported $1.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.10. ConocoPhillips had a net margin of 17.29% and a return on equity of 19.53%. The firm had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.97 billion. During the same period in the previous year, the business posted $2.16 EPS. ConocoPhillips's revenue was down 8.5% on a year-over-year basis. As a group, equities analysts anticipate that ConocoPhillips will post 7.77 earnings per share for the current year.
ConocoPhillips Increases Dividend
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The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 11th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.28%. This is a positive change from ConocoPhillips's previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Friday, November 8th. ConocoPhillips's dividend payout ratio is 37.10%.
Analysts Set New Price Targets
A number of research firms have recently weighed in on COP. Evercore ISI reissued an "outperform" rating and set a $165.00 price target on shares of ConocoPhillips in a research report on Friday, December 6th. BMO Capital Markets raised their price objective on shares of ConocoPhillips from $123.00 to $125.00 and gave the stock an "outperform" rating in a report on Friday, October 4th. UBS Group cut their target price on shares of ConocoPhillips from $153.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, September 18th. Susquehanna lifted their price target on ConocoPhillips from $144.00 to $148.00 and gave the stock a "positive" rating in a research note on Friday, November 1st. Finally, Mizuho upgraded ConocoPhillips from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $132.00 to $134.00 in a research note on Monday, December 16th. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $136.71.
Check Out Our Latest Research Report on COP
Institutional Trading of ConocoPhillips
Several hedge funds have recently added to or reduced their stakes in COP. Values First Advisors Inc. bought a new position in shares of ConocoPhillips in the third quarter worth $26,000. Stephens Consulting LLC grew its position in ConocoPhillips by 69.3% in the 2nd quarter. Stephens Consulting LLC now owns 254 shares of the energy producer's stock valued at $29,000 after buying an additional 104 shares in the last quarter. Reston Wealth Management LLC bought a new position in ConocoPhillips in the 3rd quarter valued at about $31,000. Truvestments Capital LLC acquired a new position in ConocoPhillips during the 3rd quarter valued at about $31,000. Finally, Y.D. More Investments Ltd acquired a new stake in shares of ConocoPhillips in the 2nd quarter worth approximately $35,000. Institutional investors own 82.36% of the company's stock.
ConocoPhillips Company Profile
(
Get Free Report)
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.
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