Fiduciary Alliance LLC Sells 21,442 Shares of ConocoPhillips $COP

Key Points

• Fiduciary Alliance LLC reduced its ConocoPhillips stake by 12.5% in the first quarter, selling 21,442 shares and leaving it with 149,418 shares valued at about $19.7 million. ConocoPhillips now represents roughly 1.2% of the fund’s portfolio.
• ConocoPhillips reported better-than-expected quarterly results, with earnings per share of $1.89 versus estimates of $1.72 and revenue of $15.76 billion versus expectations of $15.62 billion. Despite the beat, revenue declined 6.1% year over year.
• The stock has faced recent pressure, including a 2.6% drop in the session cited, while analysts remain broadly positive with an average “Moderate Buy” rating and a consensus price target of $134.32. The company also continues to pay a quarterly dividend of $0.84 per share, yielding about 3.1% annually.

Fiduciary Alliance LLC trimmed its stake in ConocoPhillips (NYSE:COP - Free Report) by 12.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 149,418 shares of the energy producer's stock after selling 21,442 shares during the period. ConocoPhillips comprises about 1.2% of Fiduciary Alliance LLC's investment portfolio, making the stock its 12th biggest position. Fiduciary Alliance LLC's holdings in ConocoPhillips were worth $19,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also modified their holdings of COP. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in ConocoPhillips in the fourth quarter worth $25,000. Strive Asset Management LLC bought a new stake in ConocoPhillips in the 3rd quarter valued at $28,000. Board of the Pension Protection Fund bought a new stake in ConocoPhillips in the 4th quarter valued at $28,000. KERR FINANCIAL PLANNING Corp acquired a new position in ConocoPhillips in the third quarter worth about $28,000. Finally, Sfam LLC acquired a new stake in ConocoPhillips during the fourth quarter valued at approximately $34,000. 82.36% of the stock is currently owned by institutional investors.

Insider Activity at ConocoPhillips

In other ConocoPhillips news, CEO Ryan Michael Lance sold 113,221 shares of the stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $132.71, for a total value of $15,025,558.91. Following the completion of the transaction, the chief executive officer directly owned 350,000 shares in the company, valued at approximately $46,448,500. This trade represents a 24.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.09% of the company's stock.

ConocoPhillips Stock Down 2.6%

ConocoPhillips stock opened at $107.10 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.34. The company has a fifty day simple moving average of $117.80 and a 200 day simple moving average of $111.77. ConocoPhillips has a 1-year low of $85.57 and a 1-year high of $135.87. The company has a market cap of $130.48 billion, a P/E ratio of 18.18, a price-to-earnings-growth ratio of 1.22 and a beta of 0.11.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The energy producer reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.17. The company had revenue of $15.76 billion for the quarter, compared to analyst estimates of $15.62 billion. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The company's revenue was down 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.09 earnings per share. Research analysts anticipate that ConocoPhillips will post 10.03 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 11th were paid a dividend of $0.84 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $3.36 annualized dividend and a yield of 3.1%. ConocoPhillips's payout ratio is presently 57.05%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on COP shares. Sanford C. Bernstein upped their price objective on ConocoPhillips from $98.00 to $121.00 and gave the company an "outperform" rating in a research note on Monday, April 13th. Wall Street Zen upgraded ConocoPhillips from a "sell" rating to a "hold" rating in a research report on Saturday, March 7th. Citigroup upped their price target on ConocoPhillips from $135.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, April 2nd. Scotiabank boosted their target price on shares of ConocoPhillips from $100.00 to $125.00 and gave the company a "sector perform" rating in a research note on Wednesday, April 22nd. Finally, Wolfe Research increased their target price on shares of ConocoPhillips from $138.00 to $144.00 and gave the stock an "outperform" rating in a research report on Monday, April 6th. Eighteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, ConocoPhillips currently has an average rating of "Moderate Buy" and an average target price of $134.32.

Key Headlines Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Roth Capital upgraded ConocoPhillips to Buy from Neutral, which can support the stock by signaling improved upside potential and valuation appeal. Roth Capital Upgrades ConocoPhillips (COP) to Buy. Here is Why
• Positive Sentiment: ConocoPhillips was highlighted among top S&P 500 dividend stocks, with an annual dividend yield around 3%, reinforcing its appeal for income-focused investors. 5 Best S&P 500 Stocks to Buy for Dividends
• Neutral Sentiment: Commentary suggested COP could benefit if crude prices remain firm, but the article was largely speculative and did not include a concrete catalyst. Should You Buy ConocoPhillips With Oil Below $75 a Barrel?
• Neutral Sentiment: Several energy-sector pieces focused on upstream pricing and crude-market conditions, which underscore that COP’s near-term direction remains closely tied to oil prices. ConocoPhillips NYSE: COP Slips As Crude Oil Pressure Builds
• Negative Sentiment: Recent coverage noted ConocoPhillips slipped as crude oil pressure built, and a broader risk-off tone in energy has likely contributed to the stock’s decline. ConocoPhillips (COP) Registers a Bigger Fall Than the Market: Important Facts to Note

About ConocoPhillips

ConocoPhillips NYSE: COP is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company's activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.

Want to see what other hedge funds are holding COP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ConocoPhillips (NYSE:COP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.