Lindbrook Capital LLC Has $734,000 Holdings in ConocoPhillips (NYSE:COP)

Lindbrook Capital LLC boosted its holdings in ConocoPhillips (NYSE:COP) by 25.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,325 shares of the energy producer’s stock after buying an additional 1,297 shares during the quarter. Lindbrook Capital LLC’s holdings in ConocoPhillips were worth $734,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Orion Capital Management LLC bought a new stake in shares of ConocoPhillips during the third quarter worth about $27,000. West Branch Capital LLC grew its holdings in shares of ConocoPhillips by 87.8% during the fourth quarter. West Branch Capital LLC now owns 231 shares of the energy producer’s stock worth $27,000 after purchasing an additional 108 shares during the last quarter. Fairfield Bush & CO. bought a new stake in shares of ConocoPhillips during the first quarter worth about $31,000. Oliver Lagore Vanvalin Investment Group grew its holdings in shares of ConocoPhillips by 63.1% during the third quarter. Oliver Lagore Vanvalin Investment Group now owns 287 shares of the energy producer’s stock worth $34,000 after purchasing an additional 111 shares during the last quarter. Finally, Spartan Planning & Wealth Management bought a new stake in shares of ConocoPhillips during the third quarter worth about $40,000. 82.36% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Christopher P. Delk sold 8,505 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $112.06, for a total transaction of $953,070.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other ConocoPhillips news, VP Christopher P. Delk sold 8,505 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $112.06, for a total value of $953,070.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Heather G. Hrap sold 4,548 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $110.55, for a total value of $502,781.40. Following the completion of the transaction, the senior vice president now owns 2,654 shares of the company’s stock, valued at approximately $293,399.70. 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 corporate insiders.

ConocoPhillips Stock Up 1.2 %

Shares of NYSE COP traded up $1.57 during midday trading on Friday, hitting $129.38. 3,984,807 shares of the stock traded hands, compared to its average volume of 4,121,878. The company has a market cap of $152.20 billion, a PE ratio of 14.28, a P/E/G ratio of 2.77 and a beta of 1.24. ConocoPhillips has a one year low of $95.70 and a one year high of $135.18. The business has a 50 day moving average price of $120.56 and a two-hundred day moving average price of $117.17. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.43.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, February 8th. The energy producer reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.32. ConocoPhillips had a return on equity of 22.08% and a net margin of 18.71%. The business had revenue of $15.31 billion during the quarter, compared to the consensus estimate of $14.47 billion. During the same quarter in the prior year, the company posted $2.71 earnings per share. On average, equities analysts predict that ConocoPhillips will post 9.47 EPS for the current year.

ConocoPhillips Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 19th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $3.12 annualized dividend and a yield of 2.41%. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.58. ConocoPhillips’s dividend payout ratio is 25.61%.

Analysts Set New Price Targets

COP has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on ConocoPhillips from $141.00 to $149.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Scotiabank lifted their price objective on ConocoPhillips from $120.00 to $135.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Barclays initiated coverage on ConocoPhillips in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $158.00 price objective on the stock. Morgan Stanley lifted their price objective on ConocoPhillips from $123.00 to $129.00 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. Finally, Susquehanna cut their price objective on ConocoPhillips from $152.00 to $133.00 and set a “positive” rating on the stock in a research note on Friday, January 26th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $142.00.

About ConocoPhillips

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.