Certuity LLC Purchases 7,318 Shares of ConocoPhillips (NYSE:COP)

Certuity LLC boosted its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 175.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 11,491 shares of the energy producer's stock after acquiring an additional 7,318 shares during the period. Certuity LLC's holdings in ConocoPhillips were worth $1,334,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of COP. Orion Capital Management LLC acquired a new position in shares of ConocoPhillips in the 3rd quarter valued at $27,000. West Branch Capital LLC grew its holdings in shares of ConocoPhillips by 87.8% in the 4th quarter. West Branch Capital LLC now owns 231 shares of the energy producer's stock valued at $27,000 after buying an additional 108 shares during the period. Oliver Lagore Vanvalin Investment Group grew 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 valued at $34,000 after buying an additional 111 shares during the period. Spartan Planning & Wealth Management acquired a new position in shares of ConocoPhillips in the 3rd quarter valued at $40,000. Finally, Nemes Rush Group LLC boosted its stake in ConocoPhillips by 163.9% in the 3rd quarter. Nemes Rush Group LLC now owns 380 shares of the energy producer's stock worth $46,000 after purchasing an additional 236 shares during the period. Institutional investors and hedge funds own 82.36% of the company's stock.

Insider Activity at ConocoPhillips

In related news, SVP Heather G. Hrap sold 4,548 shares of the company's stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $110.55, for a total value of $502,781.40. Following the transaction, the senior vice president now owns 2,654 shares in the company, valued at approximately $293,399.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other ConocoPhillips news, SVP Heather G. Hrap sold 4,548 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $110.55, for a total transaction of $502,781.40. Following the transaction, the senior vice president now owns 2,654 shares in the company, valued at approximately $293,399.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Nicholas G. Olds sold 12,150 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now owns 14,522 shares in the company, valued at approximately $1,836,161.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 700,775 shares of company stock worth $87,615,169. Insiders own 0.34% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Susquehanna upped their target price on shares of ConocoPhillips from $133.00 to $154.00 and gave the stock a "positive" rating in a research note on Monday, April 22nd. Piper Sandler upped their target price on shares of ConocoPhillips from $145.00 to $157.00 and gave the stock an "overweight" rating in a research note on Thursday, April 18th. Barclays assumed coverage on shares of ConocoPhillips in a research note on Wednesday, April 10th. They issued an "overweight" rating and a $158.00 target price for the company. Morgan Stanley upped their target price on shares of ConocoPhillips from $123.00 to $129.00 and gave the stock an "overweight" rating in a research note on Thursday, March 28th. Finally, Raymond James cut their price target on shares of ConocoPhillips from $140.00 to $137.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, January 24th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $142.65.

ConocoPhillips Stock Performance

Shares of COP stock traded down $4.60 on Tuesday, reaching $125.62. The stock had a trading volume of 6,288,234 shares, compared to its average volume of 5,343,554. 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 firm's 50-day moving average is $123.20 and its two-hundred day moving average is $117.67. The firm has a market capitalization of $147.78 billion, a price-to-earnings ratio of 13.87, a P/E/G ratio of 2.72 and a beta of 1.24. ConocoPhillips has a 12 month low of $95.70 and a 12 month high of $135.18.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its earnings results on Thursday, February 8th. The energy producer reported $2.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.08 by $0.32. The company had revenue of $15.31 billion for the quarter, compared to analysts' expectations of $14.47 billion. ConocoPhillips had a net margin of 18.71% and a return on equity of 22.08%. During the same period in the prior year, the firm earned $2.71 EPS. On average, research analysts expect that ConocoPhillips will post 9.57 EPS for the current fiscal year.

ConocoPhillips Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 19th were paid a $0.78 dividend. 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 2.48%. This is a positive change from ConocoPhillips's previous quarterly dividend of $0.58. ConocoPhillips's dividend payout ratio is 25.61%.

ConocoPhillips Company 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.