Harel Insurance Investments & Financial Services Ltd. Sells 7,482 Shares of ConocoPhillips (NYSE:COP)

Harel Insurance Investments & Financial Services Ltd. cut its position in ConocoPhillips (NYSE:COP - Free Report) by 35.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,419 shares of the energy producer's stock after selling 7,482 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.'s holdings in ConocoPhillips were worth $1,558,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Orion Capital Management LLC bought a new position in shares of ConocoPhillips during the 3rd quarter worth approximately $27,000. West Branch Capital LLC boosted its position in ConocoPhillips by 87.8% during the fourth quarter. West Branch Capital LLC now owns 231 shares of the energy producer's stock worth $27,000 after purchasing an additional 108 shares during the period. RVW Wealth LLC acquired a new position in shares of ConocoPhillips in the third quarter valued at $28,000. Fairfield Bush & CO. bought a new position in shares of ConocoPhillips in the first quarter valued at about $31,000. Finally, Oliver Lagore Vanvalin Investment Group lifted its stake in shares of ConocoPhillips by 63.1% during the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 287 shares of the energy producer's stock worth $34,000 after buying an additional 111 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Price Performance

COP stock traded down $0.95 during trading on Monday, reaching $130.25. 4,209,213 shares of the company were exchanged, compared to its average volume of 5,523,207. The company has a market capitalization of $153.23 billion, a price-to-earnings ratio of 14.40, a P/E/G ratio of 2.85 and a beta of 1.24. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 1.29. The company has a 50-day moving average of $118.84 and a two-hundred day moving average of $116.81. ConocoPhillips has a twelve month low of $95.70 and a twelve month high of $135.18.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The energy producer reported $2.40 earnings per share for the quarter, topping analysts' consensus estimates of $2.08 by $0.32. The business had revenue of $15.31 billion for the quarter, compared to analyst estimates of $14.47 billion. ConocoPhillips had a return on equity of 22.08% and a net margin of 18.71%. During the same quarter in the previous year, the company posted $2.71 EPS. As a group, equities analysts predict that ConocoPhillips will post 9.21 earnings per share for the current fiscal year.

ConocoPhillips Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 19th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date was Thursday, February 15th. This is a positive change from ConocoPhillips's previous quarterly dividend of $0.58. ConocoPhillips's dividend payout ratio (DPR) is 25.61%.

Insider Buying and Selling

In other news, CEO Ryan Michael Lance sold 607,000 shares of the company's stock in a transaction on 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 SEC, which is available at the SEC website. In other ConocoPhillips news, SVP Heather G. Hrap sold 4,548 shares of ConocoPhillips 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 directly owns 2,654 shares in the company, valued at $293,399.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ryan Michael Lance sold 607,000 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $125.91, for a total value of $76,427,370.00. Following the transaction, the chief executive officer now owns 6,780 shares in the company, valued at $853,669.80. The disclosure for this sale can be found here. Insiders have sold a total of 700,775 shares of company stock worth $87,615,169 in the last ninety days. Company insiders own 0.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on COP shares. Truist Financial decreased their target price on ConocoPhillips from $173.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, April 5th. Scotiabank upped their price target on shares of ConocoPhillips from $120.00 to $135.00 and gave the company a "sector perform" rating in a research note on Thursday. Wells Fargo & Company lifted their price objective on shares of ConocoPhillips from $141.00 to $149.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 10th. Mizuho reaffirmed a "neutral" rating and set a $139.00 target price (up from $132.00) on shares of ConocoPhillips in a report on Friday, March 22nd. Finally, Morgan Stanley boosted their price target on ConocoPhillips from $123.00 to $129.00 and gave the company an "overweight" rating in a research note on Thursday, March 28th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $140.59.

About ConocoPhillips

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.