Montag A & Associates Inc. Lowers Position in ConocoPhillips (NYSE:COP)

Montag A & Associates Inc. reduced its stake in ConocoPhillips (NYSE:COP - Free Report) by 65.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,804 shares of the energy producer's stock after selling 7,075 shares during the period. Montag A & Associates Inc.'s holdings in ConocoPhillips were worth $442,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of COP. Capital Investment Counsel Inc purchased a new stake in ConocoPhillips during the third quarter valued at $228,000. Columbia Trust Co 01012016 grew its position in ConocoPhillips by 1.2% in the fourth quarter. Columbia Trust Co 01012016 now owns 9,463 shares of the energy producer's stock worth $1,098,000 after acquiring an additional 112 shares in the last quarter. Raymond James & Associates increased its stake in ConocoPhillips by 1.5% during the fourth quarter. Raymond James & Associates now owns 1,563,044 shares of the energy producer's stock worth $181,422,000 after acquiring an additional 23,572 shares during the last quarter. Syon Capital LLC purchased a new stake in ConocoPhillips during the third quarter valued at approximately $2,262,000. Finally, PFG Investments LLC bought a new stake in shares of ConocoPhillips in the 3rd quarter valued at approximately $233,000. Hedge funds and other institutional investors own 82.36% of the company's stock.

Insider Activity at ConocoPhillips

In other news, EVP Nicholas G. Olds sold 12,150 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $126.44, for a total value of $1,536,246.00. Following the transaction, the executive vice president now directly owns 14,522 shares of the company's stock, valued at $1,836,161.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Nicholas G. Olds sold 12,150 shares of the firm's stock in a transaction on Monday, March 25th. The shares were 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 $1,836,161.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Christopher P. Delk sold 8,505 shares of the business's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $112.06, for a total transaction of $953,070.30. The disclosure for this sale can be found here. Insiders have sold a total of 700,775 shares of company stock valued at $87,615,169 in the last ninety days. Company insiders own 0.34% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Raymond James decreased their price target on ConocoPhillips from $140.00 to $137.00 and set a "strong-buy" rating on the stock in a report on Wednesday, January 24th. Wells Fargo & Company raised their target price on shares of ConocoPhillips from $149.00 to $151.00 and gave the stock an "overweight" rating in a report on Friday, May 3rd. UBS Group upped their price target on shares of ConocoPhillips from $138.00 to $143.00 and gave the company a "buy" rating in a report on Wednesday, February 14th. Piper Sandler raised their price objective 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. Finally, Truist Financial dropped their target price on ConocoPhillips from $170.00 to $160.00 and set a "buy" rating for the company in a research report on Monday, April 29th. 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 company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $142.76.

ConocoPhillips Stock Down 0.6 %

NYSE COP traded down $0.70 on Friday, hitting $121.91. The stock had a trading volume of 4,487,893 shares, compared to its average volume of 4,524,425. The business's fifty day moving average price is $124.75 and its 200 day moving average price is $117.67. The stock has a market cap of $142.58 billion, a price-to-earnings ratio of 13.81, a price-to-earnings-growth ratio of 2.70 and a beta of 1.25. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.35 and a quick ratio of 1.21. ConocoPhillips has a 52-week low of $97.42 and a 52-week 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 the consensus estimate of $2.08 by $0.32. The firm had revenue of $15.31 billion for the quarter, compared to the consensus estimate of $14.47 billion. ConocoPhillips had a return on equity of 20.85% and a net margin of 18.40%. During the same period in the previous year, the business earned $2.71 EPS. Equities research analysts anticipate that ConocoPhillips will post 9.15 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The business 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. This represents a $3.12 annualized dividend and a yield of 2.56%. The ex-dividend date is Friday, May 10th. ConocoPhillips's dividend payout ratio is presently 26.27%.

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.

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