Maiden Cove Capital LLC Has $596,000 Stock Position in ConocoPhillips (NYSE:COP)

Maiden Cove Capital LLC lessened its holdings in shares of ConocoPhillips (NYSE:COP) by 7.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,011 shares of the energy producer’s stock after selling 469 shares during the period. Maiden Cove Capital LLC’s holdings in ConocoPhillips were worth $596,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of COP. Hills Bank & Trust Co lifted its holdings in ConocoPhillips by 14.4% during the 4th quarter. Hills Bank & Trust Co now owns 5,687 shares of the energy producer’s stock worth $564,000 after buying an additional 717 shares during the period. First National Trust Co raised its position in shares of ConocoPhillips by 8.2% during the fourth quarter. First National Trust Co now owns 54,649 shares of the energy producer’s stock worth $5,420,000 after acquiring an additional 4,122 shares during the last quarter. Intact Investment Management Inc. raised its position in shares of ConocoPhillips by 8.3% during the fourth quarter. Intact Investment Management Inc. now owns 54,100 shares of the energy producer’s stock worth $5,365,000 after acquiring an additional 4,150 shares during the last quarter. Alpine Woods Capital Investors LLC lifted its stake in shares of ConocoPhillips by 515.1% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 30,060 shares of the energy producer’s stock worth $2,981,000 after acquiring an additional 25,173 shares during the period. Finally, Northwest Wealth Management LLC bought a new stake in ConocoPhillips in the fourth quarter valued at approximately $205,000. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Price Performance

Shares of NYSE COP opened at $99.10 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29. The firm’s 50-day simple moving average is $99.22 and its 200 day simple moving average is $103.87. The stock has a market cap of $126.09 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 0.79 and a beta of 1.12. ConocoPhillips has a fifty-two week low of $86.81 and a fifty-two week high of $135.18.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. As a group, research analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were issued a $0.78 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.12 annualized dividend and a dividend yield of 3.15%. ConocoPhillips’s dividend payout ratio is currently 40.05%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on COP shares. TD Cowen assumed coverage on shares of ConocoPhillips in a research report on Friday, January 17th. They issued a “buy” rating and a $125.00 price target on the stock. Barclays cut their price target on shares of ConocoPhillips from $137.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Wells Fargo & Company decreased their price target on ConocoPhillips from $132.00 to $128.00 and set an “overweight” rating for the company in a report on Monday, February 10th. JPMorgan Chase & Co. dropped their price objective on ConocoPhillips from $127.00 to $115.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Raymond James cut ConocoPhillips from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from $157.00 to $124.00 in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.05.

Insider Activity at ConocoPhillips

In other ConocoPhillips news, Director R A. Walker purchased 10,400 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average cost of $97.80 per share, with a total value of $1,017,120.00. Following the completion of the transaction, the director now owns 38,000 shares of the company’s stock, valued at $3,716,400. The trade was a 37.68 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Arjun N. Murti acquired 2,500 shares of the business’s stock in a transaction on Friday, December 20th. The stock was acquired at an average cost of $95.87 per share, for a total transaction of $239,675.00. Following the transaction, the director now owns 21,500 shares of the company’s stock, valued at approximately $2,061,205. The trade was a 13.16 % increase in their position. The disclosure for this purchase can be found here. 0.34% of the stock is owned by insiders.

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.