ConocoPhillips (NYSE:COP) Shares Sold by Vigilant Capital Management LLC

Vigilant Capital Management LLC trimmed its stake in shares of ConocoPhillips (NYSE:COP) by 28.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 142,892 shares of the energy producer’s stock after selling 55,962 shares during the period. Vigilant Capital Management LLC’s holdings in ConocoPhillips were worth $8,142,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in ConocoPhillips by 0.3% in the second quarter. Vanguard Group Inc. now owns 90,335,159 shares of the energy producer’s stock valued at $5,510,444,000 after purchasing an additional 269,794 shares during the period. BlackRock Inc. grew its holdings in ConocoPhillips by 4.0% in the second quarter. BlackRock Inc. now owns 79,994,496 shares of the energy producer’s stock valued at $4,879,663,000 after purchasing an additional 3,103,095 shares during the period. Macquarie Group Ltd. grew its holdings in ConocoPhillips by 5.7% in the second quarter. Macquarie Group Ltd. now owns 11,246,886 shares of the energy producer’s stock valued at $686,060,000 after purchasing an additional 602,772 shares during the period. Invesco Ltd. grew its holdings in ConocoPhillips by 8.6% in the second quarter. Invesco Ltd. now owns 9,448,755 shares of the energy producer’s stock valued at $576,376,000 after purchasing an additional 749,531 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in ConocoPhillips by 3.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 6,411,179 shares of the energy producer’s stock valued at $391,082,000 after purchasing an additional 237,116 shares during the period. 71.44% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have commented on COP shares. Bank of America raised ConocoPhillips from a “neutral” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Wednesday, July 17th. Zacks Investment Research raised ConocoPhillips from a “strong sell” rating to a “hold” rating and set a $52.00 price objective on the stock in a report on Thursday, July 11th. Barclays initiated coverage on ConocoPhillips in a report on Monday, August 19th. They issued an “overweight” rating and a $79.00 price objective on the stock. Morgan Stanley decreased their target price on ConocoPhillips from $81.00 to $79.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, JPMorgan Chase & Co. decreased their target price on ConocoPhillips from $83.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. ConocoPhillips presently has a consensus rating of “Buy” and a consensus price target of $73.08.

Shares of NYSE COP traded down $0.58 during midday trading on Thursday, hitting $54.03. The stock had a trading volume of 152,700 shares, compared to its average volume of 7,234,367. The company has a market capitalization of $62.31 billion, a PE ratio of 11.92, a P/E/G ratio of 1.57 and a beta of 1.05. The stock has a 50 day simple moving average of $55.87 and a 200-day simple moving average of $59.22. ConocoPhillips has a 1 year low of $50.13 and a 1 year high of $74.07. The company has a quick ratio of 1.64, a current ratio of 1.76 and a debt-to-equity ratio of 0.45.

ConocoPhillips (NYSE:COP) last released its earnings results on Tuesday, July 30th. The energy producer reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.02). ConocoPhillips had a net margin of 18.33% and a return on equity of 15.96%. The firm had revenue of $8.38 billion during the quarter, compared to analysts’ expectations of $9.42 billion. During the same quarter last year, the business earned $1.09 EPS. The business’s revenue was down 9.3% compared to the same quarter last year. As a group, analysts expect that ConocoPhillips will post 3.77 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, October 17th will be given a dividend of $0.42 per share. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, October 16th. This represents a $1.68 dividend on an annualized basis and a yield of 3.11%. ConocoPhillips’s dividend payout ratio (DPR) is presently 26.93%.

About ConocoPhillips

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the tight oil reservoirs, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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