ConocoPhillips (NYSE:COP – Get Rating) was the recipient of an unusually large options trade on Friday. Stock traders bought 30,482 call options on the stock. This represents an increase of approximately 42% over the typical volume of 21,427 call options.
Performance of ConocoPhillips stock
Shares of ConocoPhillips fell $2.43 during Friday’s trading hours to hit $113.13. The company’s shares had a trading volume of 14,246,328 shares compared to an average volume of 8,231,245. The company’s 50-day simple moving average is $99.64 and its 200-day simple moving average is $100.79. The company has a debt to equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.54. ConocoPhillips has a yearly low of $56.30 and a yearly high of $124.08. The stock has a market cap of $146.33 billion, a price-to-earnings ratio of 9.33, a price-to-earnings-to-growth ratio of 0.39 and a beta of 1.31.
ConocoPhillips (NYSE:COP – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The energy producer reported earnings per share (EPS) of $3.91 for the quarter, missing analyst consensus estimates of $3.95 ($0.04). ConocoPhillips had a net margin of 23.10% and a return on equity of 31.24%. In the same period last year, the company earned $1.27 per share. As a group, analysts expect ConocoPhillips to post 14.68 EPS for the current fiscal year.
ConocoPhillips dividend announcement
The company also recently announced a none-dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 29 will receive a dividend of $1.40. The ex-dividend date is Thursday September 29th. ConocoPhillips’ payout ratio is currently 15.19%.
Wall Street analysts are weighing
Several equities analysts have recently issued reports on COP stocks. Bank of America upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and raised its target price on the company to $134.00 from $135.00 in a research note on Tuesday, July 19 $ lowered. MKM Partners increased its price target on ConocoPhillips shares to $118.00 from $110.00 and gave the stock a “buy” rating in a research report on Friday, August 26. StockNews.com downgraded shares of ConocoPhillips from a “buy” rating to a “hold” rating in a research report Tuesday, August 16. Mizuho lowered its price target on ConocoPhillips shares to $138.00 from $148.00 and gave the company a “buy” rating in a research report on Thursday, August 18. Finally, Barclays raised its price target on ConocoPhillips shares to $153.00 from $142.00 and ranked the stock as “overweight” in a research report on Wednesday, August 31. Three analysts have rated the stock with a hold rating, fourteen with a buy rating and one with a strong buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $121.47.
Insiders place their bets
Also on Wednesday, September 14, EVP Nicholas G. Olds sold 10,950 shares of the company’s shares in a transaction. The stock sold at an average price of $116.52 for a total value of $1,275,894.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.08% of the shares are currently owned by company insiders.
Institutional Trading by ConocoPhillips
A number of hedge funds recently changed their holdings in the company. Capital World Investors increased its holdings in ConocoPhillips stock by 62.4% in the first quarter. Capital World Investors now owns 23,463,085 shares of the energy producer worth $2,346,309,000 after purchasing an additional 9,014,700 shares last quarter. FMR LLC increased its holding in ConocoPhillips stock by 64.8% during the second quarter. FMR LLC now owns 21,177,310 shares of the energy producer’s stock valued at $1,901,935,000 after purchasing an additional 8,323,587 shares last quarter. Diamond Hill Capital Management Inc. acquired a new interest in ConocoPhillips stock valued at $702,569,000 during the first quarter. BlackRock Inc. increased its holdings in ConocoPhillips stock by 3.4% in the fourth quarter. BlackRock Inc. now owns 111,073,845 shares of the energy producer’s stock valued at $8,017,310,000 after purchasing an additional 3,652,817 shares last quarter. Finally, Capital Research Global Investors increased its holdings of ConocoPhillips shares by 28.2% during the first quarter. Capital Research Global Investors now owns 12,335,053 shares of the energy producer, valued at $1,233,506,000, after purchasing an additional 2,715,820 shares last quarter. Hedge funds and other institutional investors own 79.66% of the company’s shares.
ConocoPhillips Company Profile
ConocoPhillips locates, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and liquefied petroleum gas worldwide. It is mainly engaged in the conventional and narrow oil reservoirs, shale gas, heavy oil, LNG, oil sands and other manufacturing operations. The company’s portfolio includes unconventional games in North America; conventional assets in North America, Europe, Asia and Australia; various LNG developments; oil sands plants in Canada; and an inventory of conventional and unconventional prospects.
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