4,898 Shares in ConocoPhillips (NYSE:COP) Purchased by Bulltick Wealth Management LLC

Bulltick Wealth Management LLC bought a new position in shares of ConocoPhillips (NYSE:COP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,898 shares of the energy producer's stock, valued at approximately $486,000.

A number of other large investors have also bought and sold shares of COP. Orrstown Financial Services Inc. grew its holdings in shares of ConocoPhillips by 3.0% during the fourth quarter. Orrstown Financial Services Inc. now owns 3,342 shares of the energy producer's stock valued at $331,000 after buying an additional 96 shares during the last quarter. Principle Wealth Partners LLC lifted its position in ConocoPhillips by 0.3% in the 4th quarter. Principle Wealth Partners LLC now owns 37,255 shares of the energy producer's stock valued at $3,695,000 after acquiring an additional 100 shares in the last quarter. Arlington Trust Co LLC boosted its stake in ConocoPhillips by 1.2% during the 4th quarter. Arlington Trust Co LLC now owns 8,640 shares of the energy producer's stock valued at $857,000 after purchasing an additional 102 shares during the last quarter. Courier Capital LLC increased its holdings in ConocoPhillips by 0.5% during the 4th quarter. Courier Capital LLC now owns 20,481 shares of the energy producer's stock worth $2,031,000 after purchasing an additional 103 shares in the last quarter. Finally, Gray Wealth Management Inc. lifted its holdings in shares of ConocoPhillips by 5.0% in the fourth quarter. Gray Wealth Management Inc. now owns 2,171 shares of the energy producer's stock valued at $215,000 after purchasing an additional 104 shares in the last quarter. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Stock Up 1.4 %

Shares of COP traded up $1.26 during trading hours on Thursday, hitting $88.97. The company had a trading volume of 15,884,129 shares, compared to its average volume of 7,266,101. The company's fifty day moving average price is $93.19 and its two-hundred day moving average price is $99.66. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. ConocoPhillips has a one year low of $79.88 and a one year high of $124.23. The company has a market capitalization of $112.47 billion, a PE ratio of 11.42, a price-to-earnings-growth ratio of 0.79 and a beta of 0.64.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The energy producer reported $2.09 EPS 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 business had revenue of $16.18 billion during the quarter, compared to the consensus estimate of $15.74 billion. During the same period in the previous year, the firm posted $2.05 earnings per share. As a group, equities analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

COP has been the topic of a number of research analyst reports. TD Cowen assumed coverage on ConocoPhillips in a research note on Friday, January 17th. They issued a "buy" rating and a $125.00 target price on the stock. Truist Financial lifted their price objective on ConocoPhillips from $138.00 to $139.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Scotiabank cut their target price on shares of ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating for the company in a research report on Friday, April 11th. Raymond James downgraded shares of ConocoPhillips from a "strong-buy" rating to an "outperform" rating and reduced their target price for the stock from $157.00 to $124.00 in a research note on Monday, February 10th. Finally, Royal Bank of Canada lowered their target price on shares of ConocoPhillips from $133.00 to $120.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Three analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $124.79.

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.