B. Metzler seel. Sohn & Co. AG grew its stake in shares of ConocoPhillips (NYSE:COP – Get Rating) by 22.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 93,088 shares of the energy producer’s stock after acquiring an additional 16,869 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in ConocoPhillips were worth $8,360,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of ConocoPhillips by 1.0% during the first 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 in the last quarter. Wellington Management Group LLP lifted its position in shares of ConocoPhillips by 1.1% during the first 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 in the last quarter. Capital World Investors increased its holdings in shares of ConocoPhillips by 62.4% in the first quarter. Capital World Investors now owns 23,463,085 shares of the energy producer’s stock worth $2,346,309,000 after purchasing an additional 9,014,700 shares during the period. FMR LLC increased its holdings in shares of ConocoPhillips by 64.8% in the second quarter. FMR LLC now owns 21,177,310 shares of the energy producer’s stock worth $1,901,935,000 after purchasing an additional 8,323,587 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of ConocoPhillips by 2.1% in the first quarter. Dimensional Fund Advisors LP now owns 12,353,857 shares of the energy producer’s stock worth $1,235,451,000 after purchasing an additional 250,117 shares during the period. Hedge funds and other institutional investors own 79.66% of the company’s stock.
Insiders Place Their Bets
In other ConocoPhillips news, EVP Nicholas G. Olds sold 10,950 shares of the firm’s stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $134.90, for a total value of $1,477,155.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
ConocoPhillips Trading Down 2.5 %
Shares of ConocoPhillips stock traded down $3.24 during trading on Thursday, reaching $126.74. 7,482,609 shares of the stock were exchanged, compared to its average volume of 7,480,166. The company has a quick ratio of 1.37, a current ratio of 1.46 and a debt-to-equity ratio of 0.33. The stock’s fifty day moving average is $120.33 and its 200 day moving average is $107.87. The firm has a market cap of $157.93 billion, a price-to-earnings ratio of 9.13, a price-to-earnings-growth ratio of 0.47 and a beta of 1.32. ConocoPhillips has a 1 year low of $66.06 and a 1 year high of $138.49.
ConocoPhillips Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Tuesday, December 27th will be issued a $0.51 dividend. The ex-dividend date is Friday, December 23rd. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 1.61%. ConocoPhillips’s dividend payout ratio (DPR) is 14.70%.
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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