Gallacher Capital Management LLC Has $493,000 Stake in ConocoPhillips (NYSE:COP)

Gallacher Capital Management LLC grew its stake in shares of ConocoPhillips (NYSE:COP) by 72.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,244 shares of the energy producer’s stock after purchasing an additional 1,778 shares during the period. Gallacher Capital Management LLC’s holdings in ConocoPhillips were worth $493,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Capital Investment Counsel Inc purchased a new stake in ConocoPhillips during the third quarter valued at about $228,000. Columbia Trust Co 01012016 grew its stake in ConocoPhillips by 1.2% in the 4th quarter. Columbia Trust Co 01012016 now owns 9,463 shares of the energy producer’s stock valued at $1,098,000 after buying an additional 112 shares in the last quarter. Raymond James & Associates raised its holdings in ConocoPhillips by 1.5% during the 4th quarter. Raymond James & Associates now owns 1,563,044 shares of the energy producer’s stock valued at $181,422,000 after acquiring an additional 23,572 shares during the period. Syon Capital LLC purchased a new stake in shares of ConocoPhillips during the third quarter worth $2,262,000. Finally, PFG Investments LLC bought a new position in shares of ConocoPhillips in the third quarter worth $233,000. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Trading Down 0.0 %

Shares of NYSE COP traded down $0.02 during midday trading on Friday, hitting $122.23. 5,020,657 shares of the company traded hands, compared to its average volume of 4,434,834. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.29 and a current ratio of 1.35. ConocoPhillips has a 12-month low of $95.81 and a 12-month high of $135.18. The stock has a 50-day moving average price of $123.85 and a 200 day moving average price of $117.61. The firm has a market cap of $143.79 billion, a P/E ratio of 13.84, a P/E/G ratio of 2.68 and a beta of 1.25.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, February 8th. The energy producer reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.32. ConocoPhillips had a return on equity of 20.85% and a net margin of 18.40%. The company had revenue of $15.31 billion for the quarter, compared to analysts’ expectations of $14.47 billion. During the same period in the prior year, the firm earned $2.71 earnings per share. As a group, analysts expect that ConocoPhillips will post 9.1 earnings per share for the current year.

ConocoPhillips Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 13th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Friday, May 10th. ConocoPhillips’s dividend payout ratio (DPR) is presently 26.27%.

Insider Buying and Selling at ConocoPhillips

In related news, CEO Ryan Michael Lance sold 607,000 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $125.91, for a total value of $76,427,370.00. Following the transaction, the chief executive officer now owns 6,780 shares in the company, valued at approximately $853,669.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Nicholas G. Olds sold 12,150 shares of the business’s stock in a transaction on Monday, March 25th. The stock was 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 in the company, valued at $1,836,161.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Michael Lance sold 607,000 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of $125.91, for a total value of $76,427,370.00. Following the sale, the chief executive officer now directly owns 6,780 shares in the company, valued at $853,669.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 700,775 shares of company stock worth $87,615,169. 0.34% of the stock is owned by insiders.

Wall Street Analyst Weigh In

COP has been the topic of a number of analyst reports. Susquehanna upped their target price on shares of ConocoPhillips from $133.00 to $154.00 and gave the stock a “positive” rating in a report on Monday, April 22nd. Wells Fargo & Company lifted their price objective on ConocoPhillips from $149.00 to $151.00 and gave the company an “overweight” rating in a research note on Friday. Mizuho restated a “neutral” rating and set a $139.00 target price (up from $132.00) on shares of ConocoPhillips in a research report on Friday, March 22nd. Raymond James lowered their price target on ConocoPhillips from $140.00 to $137.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 24th. Finally, UBS Group boosted their price objective on ConocoPhillips from $138.00 to $143.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $142.76.

ConocoPhillips Company 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.