Collar Capital Management LLC Takes $526,000 Position in ConocoPhillips (NYSE:COP)

Collar Capital Management LLC bought a new position in shares of ConocoPhillips (NYSE:COP - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,307 shares of the energy producer's stock, valued at approximately $526,000.

A number of other large investors have also recently added to or reduced their stakes in COP. Price T Rowe Associates Inc. MD raised its holdings in ConocoPhillips by 13.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 45,847,572 shares of the energy producer's stock worth $4,546,706,000 after acquiring an additional 5,549,078 shares during the period. Leavell Investment Management Inc. grew its position in shares of ConocoPhillips by 59.8% in the fourth quarter. Leavell Investment Management Inc. now owns 19,166 shares of the energy producer's stock valued at $1,901,000 after purchasing an additional 7,174 shares during the last quarter. Brookstone Capital Management increased its stake in shares of ConocoPhillips by 4.5% in the fourth quarter. Brookstone Capital Management now owns 8,855 shares of the energy producer's stock worth $878,000 after purchasing an additional 383 shares during the period. Principal Financial Group Inc. lifted its position in shares of ConocoPhillips by 2.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,474,270 shares of the energy producer's stock worth $155,211,000 after purchasing an additional 32,948 shares during the last quarter. Finally, Fiduciary Alliance LLC lifted its position in shares of ConocoPhillips by 13.6% during the 4th quarter. Fiduciary Alliance LLC now owns 186,535 shares of the energy producer's stock worth $18,499,000 after purchasing an additional 22,378 shares during the last quarter. Institutional investors own 82.36% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on COP. Truist Financial lifted their price target on ConocoPhillips from $138.00 to $139.00 and gave the stock a "buy" rating in a research 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 note on Friday, April 11th. The Goldman Sachs Group set a $132.00 price target on shares of ConocoPhillips in a research report on Thursday, January 30th. TD Cowen began coverage on shares of ConocoPhillips in a research report on Friday, January 17th. They set a "buy" rating and a $125.00 price objective for the company. Finally, UBS Group decreased their target price on ConocoPhillips from $116.00 to $111.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Three equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, ConocoPhillips currently has an average rating of "Moderate Buy" and a consensus price target of $124.79.

ConocoPhillips Price Performance

ConocoPhillips stock opened at $87.74 on Wednesday. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $124.94. The firm has a market cap of $110.91 billion, a P/E ratio of 11.26, a P/E/G ratio of 0.79 and a beta of 0.64. 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 business's fifty day moving average is $93.42 and its two-hundred day moving average is $99.74.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, topping analysts' consensus estimates of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. Equities research analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 3.56%. The ex-dividend date was Friday, February 14th. ConocoPhillips's dividend payout ratio is 40.05%.

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.

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