14,189 Shares in ConocoPhillips $COP Purchased by Osmosis Investment Management UK Ltd

Osmosis Investment Management UK Ltd bought a new stake in shares of ConocoPhillips (NYSE:COP) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 14,189 shares of the energy producer’s stock, valued at approximately $1,475,000.

A number of other large investors also recently added to or reduced their stakes in the business. AXA S.A. increased its holdings in ConocoPhillips by 91.1% in the 2nd quarter. AXA S.A. now owns 84,937 shares of the energy producer’s stock valued at $7,622,000 after acquiring an additional 40,499 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of ConocoPhillips by 6.1% during the 2nd quarter. Sei Investments Co. now owns 784,368 shares of the energy producer’s stock valued at $70,397,000 after purchasing an additional 44,852 shares during the last quarter. BNP Paribas purchased a new position in shares of ConocoPhillips during the second quarter valued at about $33,000. Osterweis Capital Management Inc. purchased a new position in shares of ConocoPhillips during the second quarter valued at about $151,000. Finally, Main Street Financial Solutions LLC increased its holdings in shares of ConocoPhillips by 53.5% in the second quarter. Main Street Financial Solutions LLC now owns 4,806 shares of the energy producer’s stock worth $431,000 after purchasing an additional 1,675 shares during the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.

ConocoPhillips Trading Down 1.1%

Shares of NYSE COP opened at $133.37 on Tuesday. The business’s 50 day moving average is $115.73 and its two-hundred day moving average is $117.97. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 1.39. ConocoPhillips has a 1-year low of $85.57 and a 1-year high of $135.88. The stock has a market capitalization of $160.22 billion, a P/E ratio of 17.64, a PEG ratio of 1.43 and a beta of 0.11.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, August 6th. The energy producer reported $3.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.34. The business had revenue of $19.52 billion during the quarter, compared to analyst estimates of $18.79 billion. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%.The company’s revenue for the quarter was up 32.4% on a year-over-year basis. During the same period last year, the company earned $1.42 EPS. As a group, research analysts expect that ConocoPhillips will post 10.46 EPS for the current year.

ConocoPhillips Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, August 17th. ConocoPhillips’s payout ratio is presently 44.44%.

Insiders Place Their Bets

In other news, SVP Andrew D. Lundquist sold 9,487 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $135.15, for a total value of $1,282,168.05. Following the sale, the senior vice president owned 9,593 shares of the company’s stock, valued at approximately $1,296,493.95. This represents a 49.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.09% of the stock is owned by company insiders.

Analysts Set New Price Targets

COP has been the topic of a number of research analyst reports. Raymond James Financial reiterated an “underperform” rating and issued a $168.00 target price on shares of ConocoPhillips in a research report on Monday. Argus lifted their price objective on ConocoPhillips from $136.00 to $153.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Jefferies Financial Group upped their price objective on ConocoPhillips from $160.00 to $161.00 and gave the stock a “buy” rating in a report on Monday, May 18th. The Goldman Sachs Group lowered their target price on ConocoPhillips from $144.00 to $138.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Finally, Weiss Ratings raised shares of ConocoPhillips from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, ConocoPhillips has an average rating of “Moderate Buy” and a consensus target price of $140.29.

ConocoPhillips Company Profile

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.