Stratos Wealth Partners LTD. Sells 4,970 Shares of ConocoPhillips (NYSE:COP)

Stratos Wealth Partners LTD. trimmed its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 15.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,926 shares of the energy producer's stock after selling 4,970 shares during the period. Stratos Wealth Partners LTD.'s holdings in ConocoPhillips were worth $2,828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in COP. Murphy & Mullick Capital Management Corp purchased a new position in shares of ConocoPhillips in the 4th quarter worth $26,000. 10Elms LLP bought a new stake in shares of ConocoPhillips during the fourth quarter valued at approximately $28,000. Crowley Wealth Management Inc. bought a new stake in shares of ConocoPhillips during the fourth quarter valued at approximately $32,000. Garde Capital Inc. bought a new stake in ConocoPhillips during the first quarter worth approximately $35,000. Finally, Rakuten Securities Inc. increased its holdings in shares of ConocoPhillips by 222.0% in the fourth quarter. Rakuten Securities Inc. now owns 380 shares of the energy producer's stock valued at $38,000 after buying an additional 262 shares in the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at ConocoPhillips

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on COP shares. Piper Sandler raised their price target on shares of ConocoPhillips from $107.00 to $113.00 and gave the stock an "overweight" rating in a report on Wednesday, July 2nd. Mizuho decreased their price target on shares of ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating for the company in a report on Tuesday, May 13th. Morgan Stanley upped their price target on shares of ConocoPhillips from $116.00 to $118.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Bank of America reduced their target price on shares of ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Finally, Royal Bank Of Canada reduced their target price on shares of ConocoPhillips from $115.00 to $113.00 and set an "outperform" rating for the company in a research note on Friday. Three investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, ConocoPhillips presently has an average rating of "Moderate Buy" and an average price target of $122.15.

ConocoPhillips Price Performance

Shares of NYSE COP traded down $1.39 during mid-day trading on Monday, hitting $94.22. 5,481,392 shares of the stock were exchanged, compared to its average volume of 7,652,443. The company has a market cap of $119.11 billion, a P/E ratio of 11.97, a PEG ratio of 2.58 and a beta of 0.61. The stock's fifty day simple moving average is $90.58 and its two-hundred day simple moving average is $94.74. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.13 and a current ratio of 1.27. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $118.40.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The energy producer reported $2.09 earnings per share for the quarter, beating analysts' consensus estimates of $2.05 by $0.04. The business had revenue of $16.18 billion during the quarter, compared to analyst estimates of $15.74 billion. ConocoPhillips had a net margin of 16.02% and a return on equity of 16.54%. During the same quarter last year, the business posted $2.05 earnings per share. As a group, analysts forecast that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date was Monday, May 19th. ConocoPhillips's dividend payout ratio is currently 39.64%.

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.