Stonebrook Private Inc. Purchases New Position in ConocoPhillips (NYSE:COP)

Stonebrook Private Inc. purchased a new stake in ConocoPhillips (NYSE:COP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,887 shares of the energy producer’s stock, valued at approximately $451,000.

Other institutional investors have also bought and sold shares of the company. Orion Capital Management LLC acquired a new stake in ConocoPhillips in the 3rd quarter valued at $27,000. West Branch Capital LLC boosted its stake in ConocoPhillips by 87.8% in the 4th quarter. West Branch Capital LLC now owns 231 shares of the energy producer’s stock valued at $27,000 after buying an additional 108 shares in the last quarter. Oliver Lagore Vanvalin Investment Group boosted its stake in ConocoPhillips by 63.1% in the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 287 shares of the energy producer’s stock valued at $34,000 after buying an additional 111 shares in the last quarter. Spartan Planning & Wealth Management acquired a new stake in ConocoPhillips in the 3rd quarter valued at $40,000. Finally, Milestone Investment Advisors LLC acquired a new position in ConocoPhillips in the third quarter worth $46,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

Insiders Place Their Bets

In related news, VP Christopher P. Delk sold 8,505 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $112.06, for a total transaction of $953,070.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other ConocoPhillips news, VP Christopher P. Delk sold 8,505 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $112.06, for a total transaction of $953,070.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Dominic E. Macklon sold 23,372 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $112.17, for a total value of $2,621,637.24. The disclosure for this sale can be found here. Insiders sold 700,775 shares of company stock worth $87,615,169 over the last ninety days. 0.34% of the stock is currently owned by corporate insiders.

ConocoPhillips Trading Up 0.1 %

NYSE COP opened at $130.24 on Monday. The stock has a 50-day simple moving average of $122.49 and a 200 day simple moving average of $117.60. The company has a market capitalization of $153.22 billion, a PE ratio of 14.38, a P/E/G ratio of 2.72 and a beta of 1.24. The company has a current ratio of 1.43, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36. ConocoPhillips has a 12 month low of $95.70 and a 12 month high of $135.18.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, February 8th. The energy producer reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.32. ConocoPhillips had a return on equity of 22.08% and a net margin of 18.71%. The company had revenue of $15.31 billion during the quarter, compared to the consensus estimate of $14.47 billion. During the same period in the prior year, the company earned $2.71 earnings per share. Research analysts forecast that ConocoPhillips will post 9.57 EPS for the current year.

ConocoPhillips Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 19th were issued a $0.78 dividend. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.58. This represents a $3.12 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Thursday, February 15th. ConocoPhillips’s dividend payout ratio is 25.61%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on COP shares. Barclays started coverage on ConocoPhillips in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $158.00 price objective on the stock. Susquehanna boosted their price objective on ConocoPhillips from $133.00 to $154.00 and gave the stock a “positive” rating in a research note on Monday, April 22nd. UBS Group boosted their price objective on ConocoPhillips from $138.00 to $143.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Mizuho restated a “neutral” rating and set a $139.00 target price (up previously from $132.00) on shares of ConocoPhillips in a research report on Friday, March 22nd. Finally, Raymond James dropped their target price on ConocoPhillips from $140.00 to $137.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 24th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, ConocoPhillips currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.24.

About ConocoPhillips

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.