LRT Capital Management LLC Has $782,000 Holdings in ConocoPhillips (NYSE:COP)

LRT Capital Management LLC lowered its position in shares of ConocoPhillips (NYSE:COP - Free Report) by 60.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,740 shares of the energy producer's stock after selling 10,506 shares during the quarter. LRT Capital Management LLC's holdings in ConocoPhillips were worth $782,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Norris Perne & French LLP MI boosted its stake in ConocoPhillips by 1.9% in the third quarter. Norris Perne & French LLP MI now owns 4,364 shares of the energy producer's stock valued at $523,000 after acquiring an additional 80 shares during the period. Sloy Dahl & Holst LLC increased its stake in shares of ConocoPhillips by 3.3% in the third quarter. Sloy Dahl & Holst LLC now owns 2,629 shares of the energy producer's stock valued at $315,000 after purchasing an additional 85 shares during the period. KLCM Advisors Inc. increased its stake in shares of ConocoPhillips by 2.8% in the third quarter. KLCM Advisors Inc. now owns 3,305 shares of the energy producer's stock valued at $396,000 after purchasing an additional 89 shares during the period. Evergreen Capital Management LLC increased its stake in shares of ConocoPhillips by 0.5% in the third quarter. Evergreen Capital Management LLC now owns 18,944 shares of the energy producer's stock valued at $2,270,000 after purchasing an additional 89 shares during the period. Finally, Endowment Wealth Management Inc. increased its holdings in shares of ConocoPhillips by 4.6% during the third quarter. Endowment Wealth Management Inc. now owns 2,055 shares of the energy producer's stock valued at $246,000 after purchasing an additional 90 shares during the period. Institutional investors own 82.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on COP. Susquehanna dropped their price target on shares of ConocoPhillips from $152.00 to $133.00 and set a "positive" rating on the stock in a research report on Friday, January 26th. Scotiabank boosted their target price on shares of ConocoPhillips from $120.00 to $135.00 and gave the stock a "sector perform" rating in a report on Thursday, April 11th. Barclays initiated coverage on ConocoPhillips in a report on Wednesday, April 10th. They issued an "overweight" rating and a $158.00 target price on the stock. Raymond James decreased their target price on ConocoPhillips from $140.00 to $137.00 and set a "strong-buy" rating on the stock in a report on Wednesday, January 24th. Finally, Truist Financial decreased their target price on shares of ConocoPhillips from $173.00 to $170.00 and set a "buy" rating for the company in a report on Friday, April 5th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $142.00.

ConocoPhillips Stock Up 1.2 %

Shares of ConocoPhillips stock traded up $1.57 during midday trading on Friday, reaching $129.38. 3,984,807 shares of the company's stock traded hands, compared to its average volume of 4,121,878. The company has a market cap of $152.20 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 2.77 and a beta of 1.24. The company's 50 day simple moving average is $120.56 and its 200 day simple moving average is $117.20. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.43. ConocoPhillips has a 52 week low of $95.70 and a 52 week high of $135.18.

ConocoPhillips (NYSE:COP - Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The energy producer reported $2.40 earnings per share for the quarter, beating analysts' consensus estimates of $2.08 by $0.32. The business had revenue of $15.31 billion for the quarter, compared to the consensus estimate of $14.47 billion. ConocoPhillips had a net margin of 18.71% and a return on equity of 22.08%. During the same quarter last year, the firm earned $2.71 EPS. Equities analysts expect that ConocoPhillips will post 9.47 earnings per share for the current fiscal year.

ConocoPhillips Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 19th were issued a dividend of $0.78 per share. This is a positive change from ConocoPhillips's previous quarterly dividend of $0.58. The ex-dividend date was Thursday, February 15th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.41%. ConocoPhillips's dividend payout ratio is currently 25.61%.

Insider Activity

In related 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 transaction of $76,427,370.00. Following the completion of 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 through this link. In related news, EVP Nicholas G. Olds sold 12,150 shares of the business's stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $126.44, for a total transaction of $1,536,246.00. Following the completion of the transaction, the executive vice president now owns 14,522 shares of the company's stock, valued at approximately $1,836,161.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Michael Lance sold 607,000 shares of the business's stock in a transaction dated 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 directly owns 6,780 shares of the company's stock, valued at approximately $853,669.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 700,775 shares of company stock valued at $87,615,169. Insiders own 0.34% of the company's stock.

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.