Coppell Advisory Solutions LLC Sells 3,950 Shares of ConocoPhillips $COP

Key Points

• Coppell Advisory Solutions LLC reduced its stake in ConocoPhillips by 17.7%, holding a total of 18,428 shares worth approximately $1.94 million as of their latest SEC filing.
• Institutional investors own a significant portion of ConocoPhillips, with 82.36% of the company's stock held by hedge funds and other organizations.
• ConocoPhillips recently announced a quarterly dividend of $0.78, representing an annualized yield of 3.4%, with a payout ratio of 41.88%.

Coppell Advisory Solutions LLC lessened its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 17.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,428 shares of the energy producer's stock after selling 3,950 shares during the quarter. Coppell Advisory Solutions LLC's holdings in ConocoPhillips were worth $1,935,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Triumph Capital Management raised its holdings in shares of ConocoPhillips by 6.7% in the 4th quarter. Triumph Capital Management now owns 2,364 shares of the energy producer's stock worth $234,000 after acquiring an additional 149 shares during the last quarter. Fiduciary Trust Co raised its holdings in shares of ConocoPhillips by 11.3% in the 4th quarter. Fiduciary Trust Co now owns 10,136 shares of the energy producer's stock worth $1,005,000 after acquiring an additional 1,031 shares during the last quarter. Ethic Inc. raised its holdings in shares of ConocoPhillips by 208.4% in the 4th quarter. Ethic Inc. now owns 19,035 shares of the energy producer's stock worth $1,888,000 after acquiring an additional 12,862 shares during the last quarter. Focus Partners Wealth raised its holdings in shares of ConocoPhillips by 29.5% in the 4th quarter. Focus Partners Wealth now owns 94,406 shares of the energy producer's stock worth $9,362,000 after acquiring an additional 21,505 shares during the last quarter. Finally, Guardian Wealth Advisors LLC NC raised its holdings in shares of ConocoPhillips by 35.4% in the 4th quarter. Guardian Wealth Advisors LLC NC now owns 5,908 shares of the energy producer's stock worth $586,000 after acquiring an additional 1,544 shares during the last quarter. Institutional investors own 82.36% of the company's stock.

ConocoPhillips Stock Performance

Shares of COP stock traded down $1.53 during trading hours on Friday, hitting $92.60. 5,169,385 shares of the company were exchanged, compared to its average volume of 5,845,575. The firm has a fifty day simple moving average of $94.75 and a 200 day simple moving average of $92.98. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35. ConocoPhillips has a 52-week low of $79.88 and a 52-week high of $116.08. The stock has a market capitalization of $115.65 billion, a price-to-earnings ratio of 12.43, a P/E/G ratio of 2.48 and a beta of 0.69.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The energy producer reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.06. ConocoPhillips had a net margin of 15.26% and a return on equity of 14.60%. The company had revenue of $14.94 billion during the quarter, compared to analyst estimates of $14.39 billion. During the same quarter last year, the business posted $1.98 EPS. ConocoPhillips's quarterly revenue was up 4.3% compared to the same quarter last year. Research analysts predict that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were paid a dividend of $0.78 per share. The ex-dividend date was Monday, August 18th. This represents a $3.12 annualized dividend and a dividend yield of 3.4%. ConocoPhillips's dividend payout ratio (DPR) is presently 41.88%.

Insider Activity

In other ConocoPhillips news, EVP Kirk L. Johnson acquired 5,300 shares of the business's stock in a transaction that occurred on Monday, June 16th. The stock was bought at an average cost of $94.24 per share, with a total value of $499,472.00. Following the acquisition, the executive vice president owned 14,527 shares in the company, valued at approximately $1,369,024.48. This represents a 57.44% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.24% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Citigroup lowered their target price on shares of ConocoPhillips from $140.00 to $115.00 and set a "buy" rating on the stock in a report on Wednesday, June 11th. UBS Group increased their price objective on shares of ConocoPhillips from $116.00 to $124.00 and gave the company a "buy" rating in a research note on Wednesday, August 20th. Raymond James Financial decreased their price objective on shares of ConocoPhillips from $117.00 to $115.00 and set an "outperform" rating for the company in a research note on Monday, September 8th. Piper Sandler increased their price objective on shares of ConocoPhillips from $123.00 to $124.00 and gave the company an "overweight" rating in a research note on Monday, August 18th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $123.00 price objective (up previously from $119.00) on shares of ConocoPhillips in a research note on Sunday, August 10th. Sixteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $120.86.

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.