Benchmark Capital Advisors decreased its stake in ConocoPhillips (NYSE:COP) by 12.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,650 shares of the energy producer’s stock after selling 1,400 shares during the quarter. Benchmark Capital Advisors’ holdings in ConocoPhillips were worth $530,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently added to or reduced their stakes in the stock. Harel Insurance Investments & Financial Services Ltd. lifted its stake in ConocoPhillips by 468.8% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,820 shares of the energy producer’s stock worth $100,000 after acquiring an additional 1,500 shares in the last quarter. Krilogy Financial LLC lifted its stake in ConocoPhillips by 48.6% in the 2nd quarter. Krilogy Financial LLC now owns 2,392 shares of the energy producer’s stock worth $105,000 after acquiring an additional 782 shares in the last quarter. Rocky Mountain Advisers LLC lifted its stake in ConocoPhillips by 140.2% in the 3rd quarter. Rocky Mountain Advisers LLC now owns 2,392 shares of the energy producer’s stock worth $120,000 after acquiring an additional 1,396 shares in the last quarter. Clear Perspective Advisors LLC lifted its stake in ConocoPhillips by 75.5% in the 2nd quarter. Clear Perspective Advisors LLC now owns 2,790 shares of the energy producer’s stock worth $123,000 after acquiring an additional 1,200 shares in the last quarter. Finally, TLP Group LLC purchased a new stake in ConocoPhillips in the 2nd quarter worth about $142,000. Institutional investors and hedge funds own 70.23% of the company’s stock.
Several equities research analysts recently issued reports on COP shares. Piper Jaffray Companies reissued a “buy” rating and issued a $63.00 price objective on shares of ConocoPhillips in a research note on Wednesday, January 24th. Cowen set a $70.00 price objective on ConocoPhillips and gave the stock a “buy” rating in a research note on Thursday, January 18th. Goldman Sachs Group raised ConocoPhillips from a “neutral” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Wednesday, December 13th. Royal Bank of Canada set a $61.00 price target on ConocoPhillips and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Finally, Citigroup raised their price target on ConocoPhillips from $57.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. ConocoPhillips has an average rating of “Buy” and a consensus price target of $58.47.
Shares of ConocoPhillips (NYSE COP) traded down $0.08 during mid-day trading on Wednesday, hitting $53.98. The company had a trading volume of 491,031 shares, compared to its average volume of 5,860,505. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.76 and a quick ratio of 1.64. ConocoPhillips has a 1-year low of $42.26 and a 1-year high of $61.31. The company has a market cap of $64,630.00, a P/E ratio of -39.69, a price-to-earnings-growth ratio of 1.61 and a beta of 1.33.
ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, February 1st. The energy producer reported $0.45 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.45. The business had revenue of $8.74 billion for the quarter, compared to the consensus estimate of $7.70 billion. ConocoPhillips had a positive return on equity of 2.81% and a negative net margin of 2.04%. During the same period last year, the business earned ($0.26) EPS. sell-side analysts predict that ConocoPhillips will post 2.88 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Monday, February 12th were issued a $0.285 dividend. The ex-dividend date was Friday, February 9th. This represents a $1.14 dividend on an annualized basis and a yield of 2.11%. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.27. ConocoPhillips’s dividend payout ratio (DPR) is -83.82%.
ConocoPhillips announced that its board has initiated a share buyback plan on Wednesday, November 8th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the energy producer to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
In other ConocoPhillips news, Director Charles E. Bunch bought 2,000 shares of the stock in a transaction on Monday, December 11th. The shares were purchased at an average price of $52.06 per share, with a total value of $104,120.00. Following the acquisition, the director now directly owns 3,429 shares of the company’s stock, valued at approximately $178,513.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.82% of the company’s stock.
ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through five segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.