ConocoPhillips Target of Unusually Large Options Trading (NYSE:COP)

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ConocoPhillips (NYSE:COPGet Rating) saw some unusual options trading on Friday. Traders purchased 30,482 call options on the stock. This is an increase of approximately 42% compared to the typical volume of 21,427 call options.

Insider Activity at ConocoPhillips

In related news, EVP Nicholas G. Olds sold 10,950 shares of ConocoPhillips stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $116.52, for a total transaction of $1,275,894.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.08% of the stock is owned by corporate insiders.

Institutional Trading of ConocoPhillips

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in ConocoPhillips by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 111,099,502 shares of the energy producer’s stock worth $11,109,951,000 after acquiring an additional 1,146,552 shares during the last quarter. BlackRock Inc. raised its holdings in ConocoPhillips by 3.4% in the 4th quarter. BlackRock Inc. now owns 111,073,845 shares of the energy producer’s stock worth $8,017,310,000 after acquiring an additional 3,652,817 shares during the last quarter. Wellington Management Group LLP raised its holdings in ConocoPhillips by 1.1% in the 1st quarter. Wellington Management Group LLP now owns 37,616,360 shares of the energy producer’s stock worth $3,761,636,000 after acquiring an additional 408,012 shares during the last quarter. Capital World Investors raised its holdings in ConocoPhillips by 62.4% in the 1st quarter. Capital World Investors now owns 23,463,085 shares of the energy producer’s stock worth $2,346,309,000 after acquiring an additional 9,014,700 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in ConocoPhillips by 12.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 22,866,527 shares of the energy producer’s stock worth $2,053,643,000 after acquiring an additional 2,472,255 shares during the last quarter. 79.66% of the stock is owned by institutional investors.

ConocoPhillips Stock Performance

ConocoPhillips stock opened at $113.13 on Friday. The stock’s 50 day simple moving average is $100.18 and its two-hundred day simple moving average is $100.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.54. The stock has a market cap of $146.33 billion, a price-to-earnings ratio of 9.34, a PEG ratio of 0.38 and a beta of 1.31. ConocoPhillips has a fifty-two week low of $56.30 and a fifty-two week high of $124.08.

ConocoPhillips (NYSE:COPGet Rating) last posted its quarterly earnings data on Thursday, August 4th. The energy producer reported $3.91 earnings per share for the quarter, missing the consensus estimate 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 firm earned $1.27 EPS. As a group, analysts expect that ConocoPhillips will post 14.68 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently declared a None dividend, which will be paid on Friday, October 14th. Stockholders of record on Thursday, September 29th will be given a $1.40 dividend. The ex-dividend date of this dividend is Thursday, September 29th. ConocoPhillips’s dividend payout ratio is currently 15.19%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group lowered their price target on ConocoPhillips from $140.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, June 22nd. MKM Partners raised their price target on ConocoPhillips from $110.00 to $118.00 and gave the company a “buy” rating in a research report on Friday, August 26th. Bank of America upgraded ConocoPhillips from a “neutral” rating to a “buy” rating and lowered their price target for the company from $135.00 to $134.00 in a research report on Tuesday, July 19th. StockNews.com downgraded ConocoPhillips from a “buy” rating to a “hold” rating in a research report on Tuesday, August 16th. Finally, Societe Generale raised their price target on ConocoPhillips to $127.00 in a research report on Thursday, June 9th. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $121.47.

ConocoPhillips Company Profile

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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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