On April 3, 2023 at 10:17:25 ET an unusually large
$4,220.00K block of Call contracts in ConocoPhillips
(COP) was sold,
with a strike price of $107.00 / share, expiring in 25 days (on April 28, 2023).
Fintel tracks all large options trades, and the premium spent on this trade was 23.33 sigmas above the mean, placing it in the 100.00 percentile of all recent large trades made in COP options.
This trade was first picked up on Fintel’s real time Unusual Option Trades
tool, where unusual option trades are highlighted.
Analyst Price Forecast Suggests 36.74% Upside
As of March 30, 2023,
the average one-year price target for ConocoPhillips is $135.66.
The forecasts range from a low of $92.92 to a high of $162.75.
The average price target represents an increase of 36.74% from its latest reported closing price of $99.21.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for ConocoPhillips
is $68,746MM, a decrease of 14.68%.
The projected annual non-GAAP EPS
is $13.16.
What is the Fund Sentiment?
There are 3450 funds or institutions reporting positions in ConocoPhillips.
This is an increase
of
229
owner(s) or 7.11% in the last quarter.
Average portfolio weight of all funds dedicated to COP is 0.65%,
a decrease
of 6.72%.
Total shares owned by institutions decreased
in the last three months by 2.69% to 1,235,981K shares.
The put/call ratio of COP is 0.84, indicating a
bullish
outlook.
What are Large Shareholders Doing?
Jpmorgan Chase &
holds 58,686K shares
representing 4.82% ownership of the company.
In it’s prior filing, the firm reported owning 53,743K shares, representing
an increase
of 8.42%.
The firm
increased
its portfolio allocation in COP by 15.59% over the last quarter.
Wellington Management Group Llp
holds 43,593K shares
representing 3.58% ownership of the company.
In it’s prior filing, the firm reported owning 42,971K shares, representing
an increase
of 1.42%.
The firm
decreased
its portfolio allocation in COP by 99.98% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 37,878K shares
representing 3.11% ownership of the company.
In it’s prior filing, the firm reported owning 37,990K shares, representing
a decrease
of 0.30%.
The firm
increased
its portfolio allocation in COP by 6.17% over the last quarter.
Capital International Investors
holds 34,709K shares
representing 2.85% ownership of the company.
In it’s prior filing, the firm reported owning 43,372K shares, representing
a decrease
of 24.96%.
The firm
decreased
its portfolio allocation in COP by 15.11% over the last quarter.
Capital World Investors
holds 31,019K shares
representing 2.55% ownership of the company.
In it’s prior filing, the firm reported owning 32,920K shares, representing
a decrease
of 6.13%.
The firm
increased
its portfolio allocation in COP by 3.15% over the last quarter.
ConocoPhillips Declares $0.51 Dividend
On February 2, 2023 the company declared a regular
quarterly dividend of $0.51 per share ($2.04 annualized).
Shareholders of record as of February 14, 2023
received the payment on March 1, 2023.
Previously, the company paid $0.51 per share.
At the current share price of $99.21 / share,
the stock’s dividend yield is 2.06%.
Looking back five years and taking a sample every week, the average dividend yield has been
3.03%,
the lowest has been 1.43%,
and the highest has been 6.86%.
The standard deviation of yields is 1.17 (n=237).
The current dividend yield is
0.84 standard deviations
below
the historical average.
Additionally, the company’s dividend payout ratio is 0.35.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 2.24%,
demonstrating that it has increased its dividend over time.
Conoco Phillips Background Information
(This description is provided by the company.)
Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 15 countries, $63 billion of total assets, and approximately 9,800 employees at Sept. 30, 2020. Production excluding Libya averaged 1,108 MBOED for the nine months ended Sept. 30, 2020, and proved reserves were 5.3 BBOE as of Dec. 31, 2019.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
