Northstar Investment Advisors LLC Buys New Holdings in ConocoPhillips (COP)

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Northstar Investment Advisors LLC bought a new stake in shares of ConocoPhillips (NYSE:COP) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,728 shares of the energy producer’s stock, valued at approximately $211,000.

Other large investors have also bought and sold shares of the company. Atlantic Trust Group LLC lifted its position in ConocoPhillips by 1.4% in the 1st quarter. Atlantic Trust Group LLC now owns 74,827 shares of the energy producer’s stock worth $4,435,000 after buying an additional 1,022 shares during the last quarter. CIBC World Markets Inc. lifted its position in ConocoPhillips by 55.6% in the 1st quarter. CIBC World Markets Inc. now owns 24,932 shares of the energy producer’s stock worth $1,478,000 after buying an additional 8,904 shares during the last quarter. WINTON GROUP Ltd lifted its position in ConocoPhillips by 36.0% in the 1st quarter. WINTON GROUP Ltd now owns 72,984 shares of the energy producer’s stock worth $4,327,000 after buying an additional 19,330 shares during the last quarter. Summit Trail Advisors LLC lifted its position in ConocoPhillips by 6,780.7% in the 1st quarter. Summit Trail Advisors LLC now owns 307,293 shares of the energy producer’s stock worth $307,000 after buying an additional 302,827 shares during the last quarter. Finally, Suntrust Banks Inc. lifted its position in ConocoPhillips by 31.9% in the 1st quarter. Suntrust Banks Inc. now owns 261,258 shares of the energy producer’s stock worth $15,488,000 after buying an additional 63,226 shares during the last quarter. Institutional investors and hedge funds own 71.72% of the company’s stock.

ConocoPhillips stock traded down $0.18 during trading hours on Friday, reaching $66.73. The company had a trading volume of 9,144,620 shares, compared to its average volume of 6,924,958. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.99 and a quick ratio of 1.82. ConocoPhillips has a 12-month low of $48.97 and a 12-month high of $80.24. The stock has a market capitalization of $80.62 billion, a P/E ratio of 111.22, a price-to-earnings-growth ratio of 1.62 and a beta of 1.22.

ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, October 25th. The energy producer reported $1.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.19. ConocoPhillips had a return on equity of 14.62% and a net margin of 16.08%. The firm had revenue of $10.17 billion for the quarter, compared to analysts’ expectations of $9.48 billion. Sell-side analysts expect that ConocoPhillips will post 4.79 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Monday, October 15th will be paid a dividend of $0.305 per share. The ex-dividend date is Friday, October 12th. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.29. This represents a $1.22 annualized dividend and a dividend yield of 1.83%. ConocoPhillips’s payout ratio is 203.33%.

In other news, SVP Janet Langford Kelly sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $72.37, for a total transaction of $3,618,500.00. Following the transaction, the senior vice president now directly owns 41,211 shares of the company’s stock, valued at $2,982,440.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Don E. Jr. Wallette sold 59,432 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $71.87, for a total value of $4,271,377.84. Following the transaction, the insider now directly owns 83,047 shares in the company, valued at $5,968,587.89. The disclosure for this sale can be found here. Insiders have sold 288,378 shares of company stock worth $20,769,145 over the last three months. Insiders own 0.88% of the company’s stock.

A number of analysts recently weighed in on COP shares. Royal Bank of Canada boosted their target price on ConocoPhillips from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, July 23rd. Mizuho restated a “hold” rating on shares of ConocoPhillips in a research report on Tuesday, July 24th. JPMorgan Chase & Co. boosted their target price on ConocoPhillips from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, July 27th. BMO Capital Markets boosted their target price on ConocoPhillips from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, July 27th. Finally, Morgan Stanley boosted their target price on ConocoPhillips from $82.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $75.53.

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About ConocoPhillips

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. Its portfolio includes North American tight oil and oil sands assets in Canada; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; and an inventory of conventional and unconventional exploration prospects.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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