Sirios Capital Management L P Has $2.86 Million Position in ConocoPhillips (COP)

Sirios Capital Management L P lowered its stake in shares of ConocoPhillips (NYSE:COP) by 74.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,930 shares of the energy producer’s stock after selling 107,327 shares during the quarter. Sirios Capital Management L P’s holdings in ConocoPhillips were worth $2,858,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. TD Asset Management Inc. boosted its stake in shares of ConocoPhillips by 0.7% during the 2nd quarter. TD Asset Management Inc. now owns 415,469 shares of the energy producer’s stock valued at $28,925,000 after purchasing an additional 2,875 shares in the last quarter. CWM LLC boosted its stake in shares of ConocoPhillips by 164.1% during the 2nd quarter. CWM LLC now owns 3,288 shares of the energy producer’s stock valued at $229,000 after purchasing an additional 2,043 shares in the last quarter. TCW Group Inc. boosted its stake in shares of ConocoPhillips by 2.8% during the 2nd quarter. TCW Group Inc. now owns 86,658 shares of the energy producer’s stock valued at $6,033,000 after purchasing an additional 2,344 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of ConocoPhillips by 1.4% during the 2nd quarter. First Trust Advisors LP now owns 226,054 shares of the energy producer’s stock valued at $15,738,000 after purchasing an additional 3,104 shares in the last quarter. Finally, Barrett Asset Management LLC boosted its stake in shares of ConocoPhillips by 1.5% during the 2nd quarter. Barrett Asset Management LLC now owns 60,815 shares of the energy producer’s stock valued at $4,234,000 after purchasing an additional 890 shares in the last quarter. Institutional investors and hedge funds own 71.89% of the company’s stock.

In related news, VP Glenda Mae Schwarz sold 18,882 shares of the business’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $71.15, for a total transaction of $1,343,454.30. Following the sale, the vice president now owns 29,064 shares of the company’s stock, valued at $2,067,903.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.88% of the company’s stock.

NYSE:COP opened at $69.41 on Tuesday. ConocoPhillips has a one year low of $50.08 and a one year high of $80.24. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.82 and a current ratio of 1.99. The stock has a market cap of $76.19 billion, a P/E ratio of 115.68, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, October 25th. The energy producer reported $1.36 EPS for the quarter, topping the consensus estimate of $1.17 by $0.19. ConocoPhillips had a net margin of 16.08% and a return on equity of 14.62%. The business had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.48 billion. Research analysts anticipate that ConocoPhillips will post 4.75 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Monday, October 15th were paid a dividend of $0.305 per share. The ex-dividend date was Friday, October 12th. This represents a $1.22 annualized dividend and a yield of 1.76%. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.29. ConocoPhillips’s payout ratio is presently 203.33%.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of ConocoPhillips from a “buy” rating to a “hold” rating in a research note on Thursday, November 22nd. Piper Jaffray Companies reaffirmed a “hold” rating and set a $66.00 target price on shares of ConocoPhillips in a research note on Monday, November 19th. BMO Capital Markets set a $78.00 target price on shares of ConocoPhillips and gave the company a “buy” rating in a research note on Monday, November 12th. Morgan Stanley lowered shares of ConocoPhillips to a “hold” rating in a research note on Tuesday, October 2nd. Finally, Goldman Sachs Group lowered shares of ConocoPhillips from a “buy” rating to a “neutral” rating in a research note on Monday, October 1st. Ten investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $75.37.

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ConocoPhillips Company Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. Its portfolio includes North American tight oil and oil sands assets in Canada; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; and an inventory of conventional and unconventional exploration prospects.

See Also: Asset Allocation

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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