ConocoPhillips (NYSE:COP) Shares Sold by Regal Partners Ltd

Regal Partners Ltd trimmed its position in shares of ConocoPhillips (NYSE:COP - Free Report) by 87.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,592 shares of the energy producer's stock after selling 114,672 shares during the quarter. Regal Partners Ltd's holdings in ConocoPhillips were worth $1,747,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in COP. Values First Advisors Inc. acquired a new stake in shares of ConocoPhillips in the third quarter valued at about $26,000. Stephens Consulting LLC raised its holdings in ConocoPhillips by 69.3% in the 2nd quarter. Stephens Consulting LLC now owns 254 shares of the energy producer's stock valued at $29,000 after acquiring an additional 104 shares during the last quarter. Reston Wealth Management LLC purchased a new position in ConocoPhillips in the 3rd quarter worth approximately $31,000. Y.D. More Investments Ltd acquired a new position in shares of ConocoPhillips during the 2nd quarter worth approximately $35,000. Finally, Fairway Wealth LLC grew its position in shares of ConocoPhillips by 95.6% in the second quarter. Fairway Wealth LLC now owns 313 shares of the energy producer's stock valued at $36,000 after purchasing an additional 153 shares in the last quarter. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on COP. Susquehanna lifted their price objective on ConocoPhillips from $144.00 to $148.00 and gave the stock a "positive" rating in a research report on Friday, November 1st. JPMorgan Chase & Co. reissued a "neutral" rating and set a $126.00 price target (down previously from $139.00) on shares of ConocoPhillips in a research report on Friday, October 11th. Wolfe Research assumed coverage on shares of ConocoPhillips in a research report on Thursday, July 18th. They set an "outperform" rating and a $145.00 price objective for the company. Barclays lifted their price target on shares of ConocoPhillips from $135.00 to $137.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Finally, StockNews.com lowered ConocoPhillips from a "buy" rating to a "hold" rating in a research 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $137.47.

ConocoPhillips Stock Up 1.0 %

COP stock traded up $1.10 during midday trading on Thursday, hitting $112.92. The company's stock had a trading volume of 4,389,091 shares, compared to its average volume of 5,890,533. The firm has a 50-day simple moving average of $107.77 and a 200-day simple moving average of $111.90. The firm has a market capitalization of $129.96 billion, a P/E ratio of 13.43, a PEG ratio of 0.90 and a beta of 1.21. The company has a quick ratio of 1.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. ConocoPhillips has a 52-week low of $101.29 and a 52-week high of $135.18.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The energy producer reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.10. ConocoPhillips had a return on equity of 19.53% and a net margin of 17.29%. The company had revenue of $13.60 billion for the quarter, compared to the consensus estimate of $13.97 billion. During the same quarter in the prior year, the business earned $2.16 EPS. ConocoPhillips's revenue was down 8.5% on a year-over-year basis. As a group, equities analysts forecast that ConocoPhillips will post 7.8 EPS for the current year.

ConocoPhillips Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 11th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.76%. This is an increase from ConocoPhillips's previous quarterly dividend of $0.58. ConocoPhillips's 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.