ConocoPhillips (NYSE:COP) Shares Purchased by Gemmer Asset Management LLC

Gemmer Asset Management LLC raised its stake in ConocoPhillips (NYSE:COP) by 26.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,742 shares of the energy producer’s stock after acquiring an additional 572 shares during the period. Gemmer Asset Management LLC’s holdings in ConocoPhillips were worth $272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of COP. MassMutual Private Wealth & Trust FSB grew its stake in ConocoPhillips by 8.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 52,982 shares of the energy producer’s stock worth $5,254,000 after buying an additional 4,225 shares during the last quarter. Baugh & Associates LLC boosted its holdings in shares of ConocoPhillips by 16.2% in the fourth quarter. Baugh & Associates LLC now owns 49,839 shares of the energy producer’s stock valued at $4,769,000 after acquiring an additional 6,956 shares during the period. Community Bank of Raymore boosted its holdings in shares of ConocoPhillips by 12.5% in the fourth quarter. Community Bank of Raymore now owns 14,550 shares of the energy producer’s stock valued at $1,443,000 after acquiring an additional 1,611 shares during the period. Trueblood Wealth Management LLC grew its position in shares of ConocoPhillips by 237.3% during the fourth quarter. Trueblood Wealth Management LLC now owns 8,533 shares of the energy producer’s stock worth $846,000 after acquiring an additional 6,003 shares during the last quarter. Finally, Diversify Advisory Services LLC increased its holdings in shares of ConocoPhillips by 0.9% in the 4th quarter. Diversify Advisory Services LLC now owns 23,796 shares of the energy producer’s stock valued at $2,425,000 after acquiring an additional 209 shares during the period. Institutional investors and hedge funds own 82.36% of the company’s stock.

Insider Buying and Selling at ConocoPhillips

In related news, Director R A. Walker bought 10,400 shares of the stock in a transaction on Tuesday, December 17th. The shares were purchased at an average price of $97.80 per share, for a total transaction of $1,017,120.00. Following the acquisition, the director now owns 38,000 shares in the company, valued at $3,716,400. This represents a 37.68 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Arjun N. Murti purchased 2,500 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was bought at an average cost of $95.87 per share, with a total value of $239,675.00. Following the completion of the acquisition, the director now owns 21,500 shares of the company’s stock, valued at approximately $2,061,205. The trade was a 13.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.34% of the stock is currently owned by insiders.

Analyst Ratings Changes

COP has been the topic of several research reports. Barclays raised their price objective on shares of ConocoPhillips from $135.00 to $137.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Wells Fargo & Company dropped their price target on ConocoPhillips from $134.00 to $132.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. TD Cowen started coverage on ConocoPhillips in a research report on Friday. They set a “buy” rating and a $125.00 price objective for the company. Scotiabank dropped their target price on ConocoPhillips from $120.00 to $115.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. raised ConocoPhillips from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $120.00 to $123.00 in a report on Thursday, December 5th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $136.00.

ConocoPhillips Price Performance

COP stock opened at $105.76 on Monday. The company has a market cap of $121.72 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 0.81 and a beta of 1.19. The company has a current ratio of 1.30, a quick ratio of 1.16 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $103.79 and a 200-day moving average of $107.43. ConocoPhillips has a 12-month low of $94.23 and a 12-month high of $135.18.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, October 31st. The energy producer reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.10. The firm had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.97 billion. ConocoPhillips had a return on equity of 19.53% and a net margin of 17.29%. ConocoPhillips’s revenue was down 8.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.16 earnings per share. As a group, equities analysts expect that ConocoPhillips will post 7.7 EPS for the current fiscal year.

ConocoPhillips Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 11th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.95%. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Friday, November 8th. ConocoPhillips’s dividend payout ratio is presently 37.10%.

ConocoPhillips Profile

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.