Alpha DNA Investment Management LLC Has $986,000 Stock Holdings in ConocoPhillips (NYSE:COP)

Alpha DNA Investment Management LLC trimmed its holdings in shares of ConocoPhillips (NYSE:COP) by 43.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,369 shares of the energy producer’s stock after selling 7,058 shares during the period. Alpha DNA Investment Management LLC’s holdings in ConocoPhillips were worth $986,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. EntryPoint Capital LLC purchased a new position in ConocoPhillips during the first quarter valued at approximately $46,000. Epoch Investment Partners Inc. boosted its stake in shares of ConocoPhillips by 3.6% during the 1st quarter. Epoch Investment Partners Inc. now owns 18,872 shares of the energy producer’s stock valued at $2,402,000 after buying an additional 660 shares during the period. Ascent Group LLC grew its holdings in shares of ConocoPhillips by 142.1% during the 1st quarter. Ascent Group LLC now owns 18,256 shares of the energy producer’s stock valued at $2,324,000 after acquiring an additional 10,716 shares in the last quarter. Silvercrest Asset Management Group LLC increased its stake in shares of ConocoPhillips by 1.5% in the first quarter. Silvercrest Asset Management Group LLC now owns 270,009 shares of the energy producer’s stock worth $34,367,000 after acquiring an additional 3,888 shares during the last quarter. Finally, Waverly Advisors LLC raised its holdings in shares of ConocoPhillips by 33.1% during the first quarter. Waverly Advisors LLC now owns 8,131 shares of the energy producer’s stock worth $1,035,000 after acquiring an additional 2,023 shares in the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.

ConocoPhillips Trading Down 0.1 %

Shares of NYSE:COP opened at $111.75 on Friday. ConocoPhillips has a 52-week low of $101.29 and a 52-week high of $135.18. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.16 and a current ratio of 1.30. The company has a market cap of $128.61 billion, a P/E ratio of 13.29, a P/E/G ratio of 0.91 and a beta of 1.21. The stock’s 50-day moving average is $108.91 and its 200-day moving average is $111.32.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, October 31st. The energy producer reported $1.78 EPS for the quarter, topping the consensus estimate of $1.68 by $0.10. ConocoPhillips had a return on equity of 19.53% and a net margin of 17.29%. The company had revenue of $13.60 billion for the quarter, compared to the consensus estimate of $13.97 billion. During the same period in the previous year, the business posted $2.16 EPS. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. Equities research analysts predict that ConocoPhillips will post 7.8 earnings per share for the current year.

ConocoPhillips Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 11th will be paid a dividend of $0.78 per share. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.58. This represents a $3.12 annualized dividend and a yield of 2.79%. The ex-dividend date is Friday, November 8th. ConocoPhillips’s dividend payout ratio is presently 37.10%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. UBS Group lowered their target price on ConocoPhillips from $153.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Scotiabank lowered their price target on ConocoPhillips from $120.00 to $115.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. BMO Capital Markets increased their price objective on ConocoPhillips from $123.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $140.00 target price on shares of ConocoPhillips in a research note on Friday, September 13th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $126.00 target price (down from $139.00) on shares of ConocoPhillips in a research report on Friday, October 11th. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $137.63.

ConocoPhillips Company 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.