Natixis Advisors LLC Purchases 38,889 Shares of ConocoPhillips (NYSE:COP)

Natixis Advisors LLC grew its position in ConocoPhillips (NYSE:COP) by 2.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,767,829 shares of the energy producer’s stock after purchasing an additional 38,889 shares during the quarter. Natixis Advisors LLC’s holdings in ConocoPhillips were worth $202,204,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of COP. Cooksen Wealth LLC acquired a new position in shares of ConocoPhillips during the 4th quarter valued at $27,000. Sachetta LLC acquired a new position in shares of ConocoPhillips during the 4th quarter valued at $27,000. Richardson Capital Management LLC acquired a new position in shares of ConocoPhillips during the 1st quarter valued at $31,000. Cape Investment Advisory Inc. lifted its position in shares of ConocoPhillips by 96.0% during the 4th quarter. Cape Investment Advisory Inc. now owns 247 shares of the energy producer’s stock valued at $29,000 after acquiring an additional 121 shares during the period. Finally, Ruedi Wealth Management Inc. lifted its position in shares of ConocoPhillips by 150.0% during 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 during the period. 82.36% of the stock is owned by institutional investors.

ConocoPhillips Stock Performance

COP traded down $0.58 during trading on Friday, hitting $113.79. 5,559,473 shares of the company traded hands, compared to its average volume of 5,694,506. The firm has a market cap of $133.08 billion, a P/E ratio of 12.89, a price-to-earnings-growth ratio of 0.85 and a beta of 1.24. The stock’s fifty day moving average is $111.73 and its 200 day moving average is $117.04. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 0.34. ConocoPhillips has a one year low of $102.27 and a one year high of $135.18.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, August 1st. The energy producer reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.02. The company had revenue of $14.14 billion during the quarter, compared to analyst estimates of $14.96 billion. ConocoPhillips had a net margin of 18.18% and a return on equity of 20.81%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.84 earnings per share. As a group, equities analysts predict that ConocoPhillips will post 8.5 EPS for the current fiscal year.

ConocoPhillips Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, August 12th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $2.32 dividend on an annualized basis and a yield of 2.04%. ConocoPhillips’s dividend payout ratio is presently 26.27%.

Insiders Place Their Bets

In other ConocoPhillips news, Director Timothy A. Leach sold 55,500 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $108.11, for a total transaction of $6,000,105.00. Following the completion of the transaction, the director now owns 455,909 shares in the company, valued at $49,288,321.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on COP shares. Scotiabank dropped their target price on shares of ConocoPhillips from $135.00 to $120.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Royal Bank of Canada upped their price objective on shares of ConocoPhillips from $135.00 to $140.00 and gave the stock an “outperform” rating in a report on Wednesday, May 15th. UBS Group upped their price objective on shares of ConocoPhillips from $151.00 to $153.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Sanford C. Bernstein lowered their price objective on shares of ConocoPhillips from $147.00 to $132.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Finally, StockNews.com downgraded shares of ConocoPhillips from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $143.65.

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.