GTS Securities LLC Sells 23,443 Shares of ConocoPhillips (NYSE:COP)

GTS Securities LLC reduced its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 56.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,865 shares of the energy producer's stock after selling 23,443 shares during the quarter. GTS Securities LLC's holdings in ConocoPhillips were worth $1,772,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Tallon Kerry Patrick acquired a new stake in ConocoPhillips during the fourth quarter worth $511,000. Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of ConocoPhillips by 6.9% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 13,647 shares of the energy producer's stock worth $1,353,000 after acquiring an additional 879 shares during the period. Bartlett & CO. Wealth Management LLC boosted its position in shares of ConocoPhillips by 3.6% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 26,893 shares of the energy producer's stock valued at $2,667,000 after acquiring an additional 938 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of ConocoPhillips by 0.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 299,173 shares of the energy producer's stock valued at $29,669,000 after acquiring an additional 1,396 shares in the last quarter. Finally, Mutual Advisors LLC increased its stake in ConocoPhillips by 12.0% in the fourth quarter. Mutual Advisors LLC now owns 15,381 shares of the energy producer's stock valued at $1,624,000 after acquiring an additional 1,642 shares during the period. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Price Performance

Shares of COP traded down $0.98 during mid-day trading on Wednesday, hitting $84.57. 6,783,153 shares of the company traded hands, compared to its average volume of 7,394,597. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. The business has a 50-day moving average of $91.49 and a 200 day moving average of $97.89. ConocoPhillips has a one year low of $79.88 and a one year high of $119.23. The stock has a market capitalization of $106.91 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 0.79 and a beta of 0.64.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The energy producer reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.04. The business had revenue of $16.18 billion for the quarter, compared to analysts' expectations of $15.74 billion. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. During the same quarter last year, the business earned $2.05 earnings per share. As a group, equities analysts expect that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Monday, May 19th. ConocoPhillips's dividend payout ratio (DPR) is presently 39.64%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on COP. Piper Sandler cut their price target on shares of ConocoPhillips from $114.00 to $107.00 and set an "overweight" rating for the company in a research note on Tuesday, May 13th. Susquehanna cut their target price on ConocoPhillips from $120.00 to $114.00 and set a "positive" rating for the company in a research report on Monday, May 12th. Wells Fargo & Company lowered their price target on ConocoPhillips from $116.00 to $113.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 14th. Morgan Stanley increased their price objective on ConocoPhillips from $116.00 to $118.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Finally, Bank of America reduced their target price on shares of ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Three equities research 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.com, ConocoPhillips presently has a consensus rating of "Moderate Buy" and a consensus target price of $121.89.

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.