McGlone Suttner Wealth Management Inc. Raises Stock Position in ConocoPhillips (NYSE:COP)

McGlone Suttner Wealth Management Inc. raised its holdings in shares of ConocoPhillips (NYSE:COP) by 7.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,296 shares of the energy producer’s stock after acquiring an additional 573 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in ConocoPhillips were worth $963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Bayesian Capital Management LP purchased a new position in shares of ConocoPhillips during the 2nd quarter worth $5,592,000. Guidance Capital Inc. bought a new position in ConocoPhillips in the 2nd quarter worth $599,000. Bollard Group LLC boosted its holdings in ConocoPhillips by 1.0% in the 2nd quarter. Bollard Group LLC now owns 130,043 shares of the energy producer’s stock worth $13,474,000 after buying an additional 1,233 shares during the period. Capital Investment Counsel Inc bought a new position in ConocoPhillips in the 3rd quarter worth $228,000. Finally, Columbia Trust Co 01012016 boosted its holdings in ConocoPhillips by 1.2% in the 4th quarter. Columbia Trust Co 01012016 now owns 9,463 shares of the energy producer’s stock worth $1,098,000 after buying an additional 112 shares during the period. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Wall Street Analysts Forecast Growth

COP has been the subject of several recent analyst reports. Scotiabank upped their target price on shares of ConocoPhillips from $115.00 to $120.00 and gave the stock a “sector perform” rating in a report on Friday, February 9th. JPMorgan Chase & Co. dropped their target price on shares of ConocoPhillips from $153.00 to $141.00 and set a “neutral” rating for the company in a report on Friday, December 8th. Johnson Rice downgraded shares of ConocoPhillips from an “accumulate” rating to a “hold” rating in a report on Thursday, December 14th. UBS Group upped their target price on shares of ConocoPhillips from $138.00 to $143.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Finally, Susquehanna decreased their price target on shares of ConocoPhillips from $152.00 to $133.00 and set a “positive” rating on the stock in a research note on Friday, January 26th. Six analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $135.35.

Insiders Place Their Bets

In other ConocoPhillips news, EVP Nicholas G. Olds sold 12,150 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $126.44, for a total value of $1,536,246.00. Following the completion of the transaction, the executive vice president now owns 14,522 shares of the company’s stock, valued at $1,836,161.68. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CFO William L. Jr. Bullock sold 45,200 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $123.32, for a total transaction of $5,574,064.00. Following the sale, the chief financial officer now owns 44,153 shares in the company, valued at $5,444,947.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Nicholas G. Olds sold 12,150 shares of ConocoPhillips stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $126.44, for a total transaction of $1,536,246.00. Following the completion of the sale, the executive vice president now owns 14,522 shares in the company, valued at approximately $1,836,161.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 700,775 shares of company stock valued at $87,615,169. Insiders own 0.37% of the company’s stock.

ConocoPhillips Stock Up 0.3 %

Shares of NYSE COP traded up $0.44 during midday trading on Thursday, reaching $127.28. 4,615,209 shares of the company’s stock traded hands, compared to its average volume of 5,775,693. The company has a quick ratio of 1.29, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. The stock’s 50 day simple moving average is $113.87 and its 200-day simple moving average is $116.08. ConocoPhillips has a one year low of $95.70 and a one year high of $128.64. The company has a market cap of $149.73 billion, a price-to-earnings ratio of 14.08, a P/E/G ratio of 2.87 and a beta of 1.23.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, February 8th. The energy producer reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.32. ConocoPhillips had a net margin of 18.71% and a return on equity of 22.08%. The firm had revenue of $15.31 billion for the quarter, compared to the consensus estimate of $14.47 billion. During the same period last year, the firm earned $2.71 earnings per share. On average, analysts predict that ConocoPhillips will post 8.79 EPS for the current fiscal year.

ConocoPhillips Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 19th were issued a $0.78 dividend. The ex-dividend date was Thursday, February 15th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.45%. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.58. ConocoPhillips’s dividend payout ratio (DPR) is currently 25.61%.

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.