Sarasin & Partners LLP Raises Stake in ConocoPhillips (NYSE:COP)

Sarasin & Partners LLP increased its stake in shares of ConocoPhillips (NYSE:COP) by 43.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 104,975 shares of the energy producer’s stock after purchasing an additional 31,664 shares during the period. Sarasin & Partners LLP’s holdings in ConocoPhillips were worth $6,403,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of COP. Fishman Jay A Ltd. MI grew its stake in ConocoPhillips by 0.4% in the fourth quarter. Fishman Jay A Ltd. MI now owns 38,267 shares of the energy producer’s stock worth $2,386,000 after purchasing an additional 152 shares in the last quarter. Farmers & Merchants Investments Inc. raised its holdings in shares of ConocoPhillips by 0.5% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 34,226 shares of the energy producer’s stock valued at $2,284,000 after buying an additional 160 shares in the last quarter. Kanawha Capital Management LLC raised its holdings in shares of ConocoPhillips by 0.9% during the 1st quarter. Kanawha Capital Management LLC now owns 18,026 shares of the energy producer’s stock valued at $1,203,000 after buying an additional 165 shares in the last quarter. CNB Bank raised its holdings in shares of ConocoPhillips by 4.6% during the 1st quarter. CNB Bank now owns 3,980 shares of the energy producer’s stock valued at $266,000 after buying an additional 175 shares in the last quarter. Finally, Full Sail Capital LLC raised its holdings in shares of ConocoPhillips by 4.6% during the 1st quarter. Full Sail Capital LLC now owns 4,031 shares of the energy producer’s stock valued at $269,000 after buying an additional 179 shares in the last quarter. 72.06% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on Pinduoduo in a report on Tuesday, July 9th. They set an “underweight” rating and a $20.48 price objective on the stock. ValuEngine raised Zogenix from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 27th. Zacks Investment Research raised General Moly from a “sell” rating to a “hold” rating in a report on Thursday, July 11th. Credit Suisse Group reissued an “outperform” rating and set a GBX 2,012 ($26.29) price objective on shares of Aston Martin Lagonda Global in a report on Wednesday, May 1st. Finally, Mizuho assumed coverage on Avrobio in a report on Wednesday, June 26th. They set a “buy” rating and a $28.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $77.07.

Shares of NYSE COP traded up $1.31 during trading on Tuesday, reaching $59.50. 3,020,628 shares of the company traded hands, compared to its average volume of 5,247,357. The company has a fifty day moving average price of $60.16. The firm has a market cap of $66.40 billion, a PE ratio of 13.13, a P/E/G ratio of 1.51 and a beta of 1.00. ConocoPhillips has a 12-month low of $56.75 and a 12-month high of $80.24. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.72 and a current ratio of 1.86.

ConocoPhillips (NYSE:COP) last issued its earnings results on Tuesday, July 30th. The energy producer reported $1.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.03 by ($0.02). ConocoPhillips had a net margin of 18.08% and a return on equity of 16.65%. The company had revenue of $8.38 billion during the quarter, compared to analysts’ expectations of $9.42 billion. During the same period last year, the business posted $1.09 earnings per share. The company’s quarterly revenue was down 9.3% on a year-over-year basis. As a group, equities analysts expect that ConocoPhillips will post 4.11 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, July 22nd will be given a dividend of $0.305 per share. The ex-dividend date is Friday, July 19th. This represents a $1.22 dividend on an annualized basis and a yield of 2.05%. ConocoPhillips’s dividend payout ratio (DPR) is currently 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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