4,909 Shares in ConocoPhillips (NYSE:COP) Purchased by Alteri Wealth LLC

Alteri Wealth LLC bought a new stake in ConocoPhillips (NYSE:COP - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,909 shares of the energy producer's stock, valued at approximately $487,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Albion Financial Group UT increased its position in ConocoPhillips by 876.9% during the 4th quarter. Albion Financial Group UT now owns 254 shares of the energy producer's stock worth $25,000 after purchasing an additional 228 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in ConocoPhillips during the fourth quarter worth approximately $26,000. Centricity Wealth Management LLC acquired a new stake in shares of ConocoPhillips in the fourth quarter worth $27,000. Crowley Wealth Management Inc. purchased a new position in shares of ConocoPhillips in the 4th quarter valued at $32,000. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of ConocoPhillips during the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 82.36% of the company's stock.

Analyst Upgrades and Downgrades

COP has been the subject of several recent research reports. Truist Financial raised their price objective on ConocoPhillips from $138.00 to $139.00 and gave the company a "buy" rating in a research report on Monday, January 13th. UBS Group dropped their target price on ConocoPhillips from $116.00 to $111.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Wells Fargo & Company reduced their price target on ConocoPhillips from $131.00 to $116.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. The Goldman Sachs Group set a $132.00 price objective on shares of ConocoPhillips in a research report on Thursday, January 30th. Finally, Morgan Stanley boosted their target price on shares of ConocoPhillips from $116.00 to $118.00 and gave the stock an "overweight" rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, ConocoPhillips currently has an average rating of "Moderate Buy" and an average price target of $124.89.

ConocoPhillips Stock Performance

Shares of NYSE:COP traded up $0.19 on Friday, reaching $89.01. 4,098,621 shares of the company's stock were exchanged, compared to its average volume of 8,528,656. The business's 50-day moving average is $93.12 and its two-hundred day moving average is $99.55. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $123.98. The firm has a market capitalization of $112.52 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 0.79 and a beta of 0.64.

ConocoPhillips (NYSE:COP - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The energy producer reported $2.09 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.04. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. The firm had revenue of $16.18 billion for the quarter, compared to analyst estimates of $15.74 billion. During the same quarter in the prior year, the business earned $2.05 earnings per share. As a group, equities research analysts forecast that ConocoPhillips will post 8.16 EPS for the current year.

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.