3,112 Shares in ConocoPhillips (NYSE:COP) Acquired by Fiduciary Family Office LLC

Key Points

• Fiduciary Family Office LLC has acquired a new stake in ConocoPhillips, purchasing 3,112 shares valued at approximately $327,000.
• A series of institutional investors, including Scotia Capital Inc. and Sterling Capital Management LLC, have significantly increased their holdings in ConocoPhillips during the previous quarter.
• ConocoPhillips recently announced a quarterly dividend of $0.78, representing a 3.3% yield, with the payout scheduled for September 2nd.

Fiduciary Family Office LLC bought a new stake in ConocoPhillips (NYSE:COP - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,112 shares of the energy producer's stock, valued at approximately $327,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. 10Elms LLP purchased a new position in ConocoPhillips in the fourth quarter valued at about $28,000. Garde Capital Inc. purchased a new position in ConocoPhillips in the first quarter valued at about $35,000. IMA Advisory Services Inc. purchased a new position in ConocoPhillips in the first quarter valued at about $37,000. Fourth Dimension Wealth LLC purchased a new position in ConocoPhillips in the fourth quarter valued at about $39,000. Finally, MorganRosel Wealth Management LLC purchased a new position in ConocoPhillips in the first quarter valued at about $42,000. Hedge funds and other institutional investors own 82.36% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on COP. Piper Sandler reaffirmed an "overweight" rating and issued a $123.00 price target (up previously from $113.00) on shares of ConocoPhillips in a research report on Tuesday, July 15th. Citigroup reduced their price target on ConocoPhillips from $140.00 to $115.00 and set a "buy" rating for the company in a research report on Wednesday, June 11th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $117.00 price target (up previously from $113.00) on shares of ConocoPhillips in a research report on Thursday, June 26th. Royal Bank Of Canada cut their price objective on ConocoPhillips from $115.00 to $113.00 and set an "outperform" rating for the company in a research report on Friday, July 11th. Finally, Mizuho cut their price objective on ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $120.84.

Insider Buying and Selling

In other ConocoPhillips news, EVP Kirk L. Johnson purchased 5,300 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The shares were acquired at an average cost of $94.24 per share, for a total transaction of $499,472.00. Following the transaction, the executive vice president directly owned 14,527 shares in the company, valued at approximately $1,369,024.48. The trade was a 57.44% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.24% of the stock is currently owned by company insiders.

ConocoPhillips Price Performance

Shares of COP stock traded up $1.23 during trading hours on Wednesday, hitting $95.82. The company had a trading volume of 7,262,014 shares, compared to its average volume of 8,167,725. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $116.08. The firm has a market capitalization of $119.67 billion, a price-to-earnings ratio of 12.86, a PEG ratio of 2.43 and a beta of 0.67. The firm's fifty day moving average is $93.04 and its 200 day moving average is $93.54. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.27.

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

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be given a dividend of $0.78 per share. The ex-dividend date is Monday, August 18th. This represents a $3.12 dividend on an annualized basis and a yield of 3.3%. ConocoPhillips's dividend payout ratio is 41.88%.

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.