Brighton Jones LLC Purchases 381 Shares of ConocoPhillips (NYSE:COP)

Brighton Jones LLC boosted its holdings in shares of ConocoPhillips (NYSE:COP) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,589 shares of the energy producer’s stock after acquiring an additional 381 shares during the period. Brighton Jones LLC’s holdings in ConocoPhillips were worth $881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Capital Investment Counsel Inc purchased a new stake in ConocoPhillips during the third quarter worth $228,000. Columbia Trust Co 01012016 lifted its stake in shares of ConocoPhillips by 1.2% during the 4th quarter. Columbia Trust Co 01012016 now owns 9,463 shares of the energy producer’s stock worth $1,098,000 after purchasing an additional 112 shares during the last quarter. Raymond James & Associates grew its stake in ConocoPhillips by 1.5% in the fourth quarter. Raymond James & Associates now owns 1,563,044 shares of the energy producer’s stock valued at $181,422,000 after purchasing an additional 23,572 shares during the last quarter. Syon Capital LLC bought a new position in ConocoPhillips in the third quarter worth about $2,262,000. Finally, PFG Investments LLC bought a new stake in shares of ConocoPhillips in the 3rd quarter valued at about $233,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on COP shares. Scotiabank increased their target price on shares of ConocoPhillips from $120.00 to $135.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Susquehanna increased their price objective on ConocoPhillips from $133.00 to $154.00 and gave the company a “positive” rating in a report on Monday, April 22nd. Wells Fargo & Company boosted their target price on ConocoPhillips from $141.00 to $149.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Barclays began coverage on ConocoPhillips in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $158.00 price target for the company. Finally, Morgan Stanley boosted their price target on ConocoPhillips from $123.00 to $129.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $142.65.

Insider Activity at ConocoPhillips

In other news, CEO Ryan Michael Lance sold 607,000 shares of ConocoPhillips stock in a transaction on Monday, March 25th. The stock was sold at an average price of $125.91, for a total value of $76,427,370.00. Following the completion of the sale, the chief executive officer now directly owns 6,780 shares of the company’s stock, valued at $853,669.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other ConocoPhillips news, CFO William L. Jr. Bullock sold 45,200 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $123.32, for a total transaction of $5,574,064.00. Following the sale, the chief financial officer now directly owns 44,153 shares in the company, valued at approximately $5,444,947.96. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Ryan Michael Lance sold 607,000 shares of the business’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $125.91, for a total transaction of $76,427,370.00. Following the completion of the transaction, the chief executive officer now owns 6,780 shares of the company’s stock, valued at approximately $853,669.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 700,775 shares of company stock worth $87,615,169. Insiders own 0.34% of the company’s stock.

ConocoPhillips Stock Down 1.0 %

Shares of COP opened at $124.36 on Thursday. The company has a current ratio of 1.43, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36. The firm has a market cap of $146.30 billion, a P/E ratio of 13.73, a PEG ratio of 2.76 and a beta of 1.25. The stock’s 50 day moving average is $123.43 and its two-hundred day moving average is $117.72. ConocoPhillips has a 12 month low of $95.70 and a 12 month high of $135.18.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, February 8th. The energy producer reported $2.40 EPS for the quarter, topping the consensus estimate of $2.08 by $0.32. The company had revenue of $15.31 billion during the quarter, compared to analyst estimates of $14.47 billion. ConocoPhillips had a net margin of 18.71% and a return on equity of 22.08%. During the same quarter in the previous year, the firm earned $2.71 EPS. Analysts predict that ConocoPhillips will post 9.11 earnings per share for the current fiscal year.

ConocoPhillips Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 19th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.51%. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Thursday, February 15th. ConocoPhillips’s payout ratio is 25.61%.

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.