ConocoPhillips (NYSE:COP) Holdings Raised by Gradient Investments LLC

Gradient Investments LLC lifted its stake in ConocoPhillips (NYSE:COP - Free Report) by 25.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 162,571 shares of the energy producer's stock after purchasing an additional 33,432 shares during the quarter. Gradient Investments LLC's holdings in ConocoPhillips were worth $20,692,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its position in shares of ConocoPhillips by 0.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 27,672,104 shares of the energy producer's stock worth $3,211,901,000 after buying an additional 108,956 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of ConocoPhillips by 24.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 23,712,617 shares of the energy producer's stock worth $2,752,325,000 after purchasing an additional 4,726,952 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of ConocoPhillips by 3.2% during the third quarter. Northern Trust Corp now owns 12,486,871 shares of the energy producer's stock worth $1,495,927,000 after purchasing an additional 386,276 shares during the period. Dimensional Fund Advisors LP increased its stake in ConocoPhillips by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 12,011,035 shares of the energy producer's stock valued at $1,394,162,000 after buying an additional 270,859 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in ConocoPhillips by 8.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,063,795 shares of the energy producer's stock worth $968,410,000 after buying an additional 659,632 shares in the last quarter. Hedge funds and other institutional investors own 82.36% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. 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. Raymond James dropped 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 note on Wednesday, January 24th. Susquehanna lifted their price objective on shares of ConocoPhillips from $133.00 to $154.00 and gave the company a "positive" rating in a research note on Monday, April 22nd. Piper Sandler increased their target price on shares of ConocoPhillips from $145.00 to $157.00 and gave the stock an "overweight" rating in a research report on Thursday, April 18th. Finally, Scotiabank increased their price objective on ConocoPhillips from $120.00 to $135.00 and gave the company a "sector perform" rating in a report on Thursday, April 11th. 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 stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $142.76.

ConocoPhillips Price Performance

ConocoPhillips stock traded down $0.02 on Friday, reaching $122.23. The company's stock had a trading volume of 5,020,657 shares, compared to its average volume of 4,434,834. The business's fifty day moving average price is $123.85 and its 200 day moving average price is $117.73. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.29 and a current ratio of 1.35. The company has a market cap of $143.79 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 2.68 and a beta of 1.25. ConocoPhillips has a twelve month low of $95.81 and a twelve month high of $135.18.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its earnings results 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 company had revenue of $15.31 billion during the quarter, compared to the consensus estimate of $14.47 billion. ConocoPhillips had a net margin of 18.40% and a return on equity of 20.85%. During the same period in the previous year, the firm posted $2.71 earnings per share. Equities analysts expect that ConocoPhillips will post 9.11 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 13th will be given a dividend of $0.78 per share. The ex-dividend date is Friday, May 10th. This represents a $3.12 dividend on an annualized basis and a yield of 2.55%. ConocoPhillips's payout ratio is presently 26.27%.

Insider Activity

In other ConocoPhillips news, SVP Heather G. Hrap sold 4,548 shares of ConocoPhillips stock in a transaction 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 completion of the sale, the senior vice president now owns 2,654 shares of the company's stock, valued at approximately $293,399.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Christopher P. Delk sold 8,505 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $112.06, for a total value of $953,070.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Heather G. Hrap sold 4,548 shares of the business's 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 of the company's stock, valued at approximately $293,399.70. 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. 0.34% of the stock is currently owned by insiders.

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.

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