Nisa Investment Advisors LLC Buys 43,006 Shares of ConocoPhillips (NYSE:COP)

Nisa Investment Advisors LLC raised its stake in shares of ConocoPhillips (NYSE:COP) by 10.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 438,032 shares of the energy producer’s stock after purchasing an additional 43,006 shares during the quarter. Nisa Investment Advisors LLC’s holdings in ConocoPhillips were worth $46,116,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Ruedi Wealth Management Inc. raised its holdings in ConocoPhillips by 150.0% in the 1st quarter. Ruedi Wealth Management Inc. now owns 250 shares of the energy producer’s stock valued at $32,000 after acquiring an additional 150 shares in the last quarter. Values First Advisors Inc. bought a new position in ConocoPhillips in the third quarter worth $26,000. Stephens Consulting LLC boosted its stake in ConocoPhillips by 69.3% during the second quarter. Stephens Consulting LLC now owns 254 shares of the energy producer’s stock worth $29,000 after buying an additional 104 shares in the last quarter. Y.D. More Investments Ltd bought a new stake in ConocoPhillips in the 2nd quarter valued at $35,000. Finally, Fairway Wealth LLC raised its stake in shares of ConocoPhillips by 95.6% in the 2nd quarter. Fairway Wealth LLC now owns 313 shares of the energy producer’s stock valued at $36,000 after buying an additional 153 shares in the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on COP shares. Royal Bank of Canada reissued an “outperform” rating and issued a $140.00 target price on shares of ConocoPhillips in a research note on Friday, September 13th. Mizuho lowered their price objective on ConocoPhillips from $132.00 to $129.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. BMO Capital Markets raised their target price on ConocoPhillips from $123.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Susquehanna lowered their price target on ConocoPhillips from $147.00 to $144.00 and set a “positive” rating on the stock in a research report on Friday, October 18th. Finally, Scotiabank cut their price objective on ConocoPhillips from $120.00 to $115.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Six investment 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 company’s stock. Based on data from MarketBeat, ConocoPhillips has a consensus rating of “Moderate Buy” and a consensus target price of $136.94.

Insider Transactions at ConocoPhillips

In other ConocoPhillips news, Director Timothy A. Leach sold 55,500 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $108.11, for a total value 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 approximately $49,288,321.99. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.34% of the company’s stock.

ConocoPhillips Price Performance

COP opened at $103.26 on Tuesday. The company has a fifty day moving average price of $108.30 and a two-hundred day moving average price of $113.48. The firm has a market capitalization of $119.91 billion, a PE ratio of 11.51, a P/E/G ratio of 0.85 and a beta of 1.21. ConocoPhillips has a 52 week low of $101.29 and a 52 week high of $135.18. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.19 and a current ratio of 1.33.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, August 1st. The energy producer reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.02. ConocoPhillips had a return on equity of 20.81% and a net margin of 18.18%. The business had revenue of $14.14 billion during the quarter, compared to analysts’ expectations of $14.96 billion. During the same period in the previous year, the firm earned $1.84 earnings per share. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, analysts anticipate that ConocoPhillips will post 7.85 earnings per share for the current year.

ConocoPhillips Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 12th were issued a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend was Monday, August 12th. ConocoPhillips’s dividend payout ratio is currently 25.86%.

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.