Net Worth Advisory Group Purchases Shares of 7,516 ConocoPhillips (NYSE:COP)

Net Worth Advisory Group purchased a new stake in ConocoPhillips (NYSE:COP - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,516 shares of the energy producer's stock, valued at approximately $791,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its holdings in ConocoPhillips by 35.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,192,580 shares of the energy producer's stock valued at $4,097,473,000 after buying an additional 8,479,963 shares during the period. Capital International Investors increased its holdings in ConocoPhillips by 9.6% in the 1st quarter. Capital International Investors now owns 21,252,822 shares of the energy producer's stock valued at $2,705,059,000 after buying an additional 1,856,085 shares during the period. Legal & General Group Plc increased its holdings in ConocoPhillips by 4.6% in the 2nd quarter. Legal & General Group Plc now owns 9,900,596 shares of the energy producer's stock valued at $1,132,430,000 after buying an additional 438,241 shares during the period. Diamond Hill Capital Management Inc. increased its holdings in ConocoPhillips by 2.0% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 5,709,604 shares of the energy producer's stock valued at $653,065,000 after buying an additional 109,885 shares during the period. Finally, Boston Partners grew its holdings in shares of ConocoPhillips by 10.3% in the 1st quarter. Boston Partners now owns 4,451,796 shares of the energy producer's stock worth $567,111,000 after purchasing an additional 415,878 shares during the last quarter. Institutional investors own 82.36% of the company's stock.

Insider Transactions at ConocoPhillips

In other news, Director Timothy A. Leach sold 55,500 shares of the firm's stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $108.11, for a total transaction of $6,000,105.00. Following the completion of the transaction, the director now directly owns 455,909 shares of the company's stock, valued at $49,288,321.99. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.34% of the company's stock.

ConocoPhillips Stock Down 0.5 %

COP stock traded down $0.48 during mid-day trading on Friday, hitting $105.67. 4,326,673 shares of the company were exchanged, compared to its average volume of 8,149,196. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.19 and a current ratio of 1.33. The firm has a market cap of $122.71 billion, a P/E ratio of 11.78, a P/E/G ratio of 0.87 and a beta of 1.21. The firm's 50 day simple moving average is $109.01 and its 200 day simple moving average is $114.78. ConocoPhillips has a 1-year low of $101.29 and a 1-year high of $135.18.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its earnings results on Thursday, August 1st. The energy producer reported $1.98 EPS for the quarter, topping the consensus estimate of $1.96 by $0.02. The firm had revenue of $14.14 billion for the quarter, compared to the consensus estimate of $14.96 billion. ConocoPhillips had a net margin of 18.18% and a return on equity of 20.81%. The business's quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the company posted $1.84 EPS. On average, sell-side analysts predict that ConocoPhillips will post 7.99 EPS for the current fiscal year.

ConocoPhillips Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 12th were paid a dividend of $0.58 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.32 annualized dividend and a dividend yield of 2.20%. ConocoPhillips's dividend payout ratio is currently 25.86%.

Analyst Ratings Changes

Several research firms have recently weighed in on COP. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $126.00 target price (down previously from $139.00) on shares of ConocoPhillips in a report on Friday, October 11th. Susquehanna lowered their target price on shares of ConocoPhillips from $147.00 to $144.00 and set a "positive" rating on the stock in a report on Friday. Scotiabank lowered their target price on shares of ConocoPhillips from $120.00 to $115.00 and set a "sector perform" rating on the stock in a report on Thursday, October 10th. Wells Fargo & Company reaffirmed a "sector perform" rating on shares of ConocoPhillips in a report on Friday. Finally, StockNews.com lowered shares of ConocoPhillips from a "buy" rating to a "hold" rating in a report on Wednesday, July 17th. Six analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, ConocoPhillips has a consensus rating of "Moderate Buy" and a consensus target price of $136.94.

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.