RMB Capital Management LLC grew its position in shares of ConocoPhillips (NYSE:COP – Get Rating) by 157.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,828 shares of the energy producer’s stock after acquiring an additional 6,015 shares during the quarter. RMB Capital Management LLC’s holdings in ConocoPhillips were worth $983,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Delos Wealth Advisors LLC increased its stake in ConocoPhillips by 1,300.0% in the 4th quarter. Delos Wealth Advisors LLC now owns 378 shares of the energy producer’s stock valued at $27,000 after buying an additional 351 shares during the last quarter. James Investment Research Inc. bought a new position in shares of ConocoPhillips in the 1st quarter valued at about $29,000. Fairfield Bush & CO. acquired a new stake in shares of ConocoPhillips in the first quarter valued at about $31,000. Versant Capital Management Inc raised its holdings in ConocoPhillips by 93.1% during the first quarter. Versant Capital Management Inc now owns 365 shares of the energy producer’s stock worth $37,000 after acquiring an additional 176 shares in the last quarter. Finally, Pittenger & Anderson Inc. boosted its position in ConocoPhillips by 49.9% during the fourth quarter. Pittenger & Anderson Inc. now owns 526 shares of the energy producer’s stock valued at $38,000 after purchasing an additional 175 shares during the last quarter. 78.80% of the stock is owned by institutional investors.
Insider Transactions at ConocoPhillips
In related news, EVP Nicholas G. Olds sold 19,200 shares of the company’s stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $110.51, for a total transaction of $2,121,792.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Timothy A. Leach sold 40,603 shares of ConocoPhillips stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $102.33, for a total value of $4,154,904.99. Following the completion of the sale, the director now owns 666,002 shares in the company, valued at approximately $68,151,984.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Nicholas G. Olds sold 19,200 shares of the stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $110.51, for a total transaction of $2,121,792.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 644,703 shares of company stock valued at $77,172,426. Corporate insiders own 0.08% of the company’s stock.
Wall Street Analyst Weigh In
ConocoPhillips Trading Up 3.3 %
Shares of COP stock opened at $92.85 on Friday. The stock has a market cap of $120.10 billion, a P/E ratio of 7.67, a price-to-earnings-growth ratio of 0.30 and a beta of 1.38. ConocoPhillips has a 1 year low of $51.41 and a 1 year high of $124.08. The company has a current ratio of 1.54, a quick ratio of 1.41 and a debt-to-equity ratio of 0.32. The stock has a 50 day simple moving average of $96.96 and a 200 day simple moving average of $97.29.
ConocoPhillips (NYSE:COP – Get Rating) last released its earnings results on Thursday, August 4th. The energy producer reported $3.91 earnings per share for the quarter, missing analysts’ consensus estimates of $3.95 by ($0.04). ConocoPhillips had a net margin of 23.10% and a return on equity of 31.24%. During the same period in the prior year, the company earned $1.27 EPS. On average, research analysts predict that ConocoPhillips will post 14.64 earnings per share for the current fiscal year.
ConocoPhillips Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Tuesday, August 16th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Monday, August 15th. ConocoPhillips’s payout ratio is presently 15.19%.
ConocoPhillips Company Profile
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. It primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.
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