Capital Analysts LLC raised its position in ConocoPhillips (NYSE:COP - Free Report) by 4.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 124,882 shares of the energy producer's stock after acquiring an additional 5,335 shares during the period. Capital Analysts LLC's holdings in ConocoPhillips were worth $12,385,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Orrstown Financial Services Inc. raised its position in shares of ConocoPhillips by 3.0% in the 4th quarter. Orrstown Financial Services Inc. now owns 3,342 shares of the energy producer's stock valued at $331,000 after purchasing an additional 96 shares during the last quarter. Principle Wealth Partners LLC increased its stake in ConocoPhillips by 0.3% during the 4th quarter. Principle Wealth Partners LLC now owns 37,255 shares of the energy producer's stock valued at $3,695,000 after purchasing an additional 100 shares in the last quarter. Arlington Trust Co LLC raised its holdings in shares of ConocoPhillips by 1.2% in the fourth quarter. Arlington Trust Co LLC now owns 8,640 shares of the energy producer's stock worth $857,000 after buying an additional 102 shares during the last quarter. Courier Capital LLC lifted its stake in shares of ConocoPhillips by 0.5% during the fourth quarter. Courier Capital LLC now owns 20,481 shares of the energy producer's stock worth $2,031,000 after buying an additional 103 shares during the period. Finally, Gray Wealth Management Inc. grew its holdings in shares of ConocoPhillips by 5.0% during the fourth quarter. Gray Wealth Management Inc. now owns 2,171 shares of the energy producer's stock valued at $215,000 after buying an additional 104 shares during the last quarter. Institutional investors own 82.36% of the company's stock.
Analyst Ratings Changes
A number of research firms recently commented on COP. Truist Financial lifted their target price on ConocoPhillips from $138.00 to $139.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Wells Fargo & Company reduced their target price on shares of ConocoPhillips from $131.00 to $116.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Royal Bank of Canada lowered their target price on ConocoPhillips from $133.00 to $120.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Scotiabank decreased their price objective 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. Finally, Morgan Stanley restated an "overweight" rating and issued a $116.00 price target on shares of ConocoPhillips in a research note on Tuesday, April 15th. 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's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $124.79.
Check Out Our Latest Report on ConocoPhillips
ConocoPhillips Trading Up 0.9 %
NYSE:COP traded up $0.82 on Thursday, hitting $89.94. The stock had a trading volume of 3,553,616 shares, compared to its average volume of 7,151,844. The company has a fifty day moving average price of $94.05 and a two-hundred day moving average price of $100.26. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $125.73. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. The stock has a market cap of $113.70 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 0.79 and a beta of 0.83.
ConocoPhillips (NYSE:COP - Get Free Report) last posted its earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share for the quarter, beating the consensus estimate 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 expect that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.
ConocoPhillips Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were given a $0.78 dividend. The ex-dividend date was Friday, February 14th. This represents a $3.12 annualized dividend and a yield of 3.47%. ConocoPhillips's dividend payout ratio is presently 40.05%.
About ConocoPhillips
(
Free Report)
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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