Capital Advisors Inc. OK increased its stake in ConocoPhillips (NYSE:COP - Free Report) by 281.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 103,178 shares of the energy producer's stock after purchasing an additional 76,101 shares during the period. Capital Advisors Inc. OK's holdings in ConocoPhillips were worth $11,976,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Orion Capital Management LLC purchased a new stake in shares of ConocoPhillips in the third quarter valued at about $27,000. West Branch Capital LLC boosted its stake in ConocoPhillips by 87.8% in the fourth quarter. West Branch Capital LLC now owns 231 shares of the energy producer's stock worth $27,000 after buying an additional 108 shares in the last quarter. RVW Wealth LLC bought a new position in ConocoPhillips during the third quarter valued at approximately $28,000. Fairfield Bush & CO. purchased a new position in shares of ConocoPhillips during the first quarter worth approximately $31,000. Finally, Oliver Lagore Vanvalin Investment Group lifted its holdings in shares of ConocoPhillips by 63.1% in the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 287 shares of the energy producer's stock worth $34,000 after acquiring an additional 111 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company's stock.
ConocoPhillips Trading Down 1.3 %
Shares of COP traded down $1.72 during trading hours on Friday, reaching $131.20. 4,955,293 shares of the company traded hands, compared to its average volume of 4,864,192. ConocoPhillips has a 12 month low of $95.70 and a 12 month high of $135.18. The company has a quick ratio of 1.29, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. The company's fifty day moving average price is $118.84 and its two-hundred day moving average price is $116.85. The company has a market capitalization of $154.34 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 2.89 and a beta of 1.24.
ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The energy producer reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.32. ConocoPhillips had a return on equity of 22.08% and a net margin of 18.71%. The business had revenue of $15.31 billion for the quarter, compared to analysts' expectations of $14.47 billion. During the same period in the previous year, the firm posted $2.71 EPS. Equities research analysts predict that ConocoPhillips will post 9.21 earnings per share for the current fiscal year.
ConocoPhillips Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 19th were issued a $0.78 dividend. This is an increase from ConocoPhillips's previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $3.12 dividend on an annualized basis and a yield of 2.38%. ConocoPhillips's dividend payout ratio is 25.61%.
Wall Street Analyst Weigh In
Several research firms recently commented on COP. Scotiabank increased their target price on shares of ConocoPhillips from $120.00 to $135.00 and gave the company a "sector perform" rating in a report on Thursday. Piper Sandler reduced their price objective on ConocoPhillips from $139.00 to $133.00 and set an "overweight" rating on the stock in a research note on Thursday, March 14th. UBS Group boosted their target price on ConocoPhillips from $138.00 to $143.00 and gave the company a "buy" rating in a research note on Wednesday, February 14th. Wells Fargo & Company raised their price target on ConocoPhillips from $141.00 to $149.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Mizuho reaffirmed a "neutral" rating and issued a $139.00 price target (up from $132.00) on shares of ConocoPhillips in a research note on Friday, March 22nd. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $140.59.
View Our Latest Analysis on COP
Insider Buying and Selling at ConocoPhillips
In other news, CEO Ryan Michael Lance sold 607,000 shares of the company's stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $125.91, for a total value of $76,427,370.00. Following the sale, the chief executive officer now directly owns 6,780 shares of the company's stock, valued at approximately $853,669.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Ryan Michael Lance sold 607,000 shares of ConocoPhillips stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $125.91, for a total transaction of $76,427,370.00. Following the completion of the transaction, the chief executive officer now directly owns 6,780 shares in the company, valued at $853,669.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Heather G. Hrap sold 4,548 shares of the company's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $110.55, for a total value of $502,781.40. Following the completion of the sale, the senior vice president now owns 2,654 shares in the company, valued at approximately $293,399.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 700,775 shares of company stock valued at $87,615,169. 0.37% of the stock is currently owned by company insiders.
About ConocoPhillips
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Free Report)
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.
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