ConocoPhillips (NYSE:COP) Shares Purchased by Flputnam Investment Management Co.

Flputnam Investment Management Co. raised its holdings in ConocoPhillips (NYSE:COP) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 50,033 shares of the energy producer’s stock after purchasing an additional 995 shares during the quarter. Flputnam Investment Management Co.’s holdings in ConocoPhillips were worth $5,807,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in COP. Orion Capital Management LLC purchased 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% 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. RVW Wealth LLC acquired a new position in ConocoPhillips in the third quarter valued at $28,000. Oliver Lagore Vanvalin Investment Group increased its stake in ConocoPhillips by 63.1% in the third quarter. Oliver Lagore Vanvalin Investment Group now owns 287 shares of the energy producer’s stock valued at $34,000 after purchasing an additional 111 shares during the period. Finally, Fairfield Bush & CO. acquired a new position in ConocoPhillips in the first quarter valued at $31,000. 82.36% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Christopher P. Delk sold 8,505 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $112.06, for a total transaction of $953,070.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, VP Christopher P. Delk sold 8,505 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $112.06, for a total transaction of $953,070.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO William L. Jr. Bullock sold 45,200 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $123.32, for a total transaction of $5,574,064.00. Following the sale, the chief financial officer now directly owns 44,153 shares of the company’s stock, valued at approximately $5,444,947.96. 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. 0.34% of the stock is currently owned by corporate insiders.

ConocoPhillips Stock Down 0.7 %

Shares of NYSE:COP traded down $0.91 during midday trading on Tuesday, hitting $129.34. 390,277 shares of the company’s stock traded hands, compared to its average volume of 5,451,201. ConocoPhillips has a twelve month low of $95.70 and a twelve month high of $135.18. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.43. The company has a market cap of $152.16 billion, a PE ratio of 14.38, a P/E/G ratio of 2.85 and a beta of 1.24. The firm’s fifty day moving average price is $119.24 and its two-hundred day moving average price is $116.86.

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

ConocoPhillips Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 19th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.41%. 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 is 25.61%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Piper Sandler lowered their target price on shares of ConocoPhillips from $139.00 to $133.00 and set an “overweight” rating on the stock in a report on Thursday, March 14th. Scotiabank lifted their price target on shares of ConocoPhillips from $120.00 to $135.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Susquehanna reduced their price target on shares of ConocoPhillips from $152.00 to $133.00 and set a “positive” rating for the company in a research report on Friday, January 26th. Truist Financial reduced their price target on shares of ConocoPhillips from $173.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Finally, UBS Group raised their price objective on shares of ConocoPhillips from $138.00 to $143.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. 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. Based on data from MarketBeat.com, ConocoPhillips presently has an average rating of “Moderate Buy” and an average price target of $140.59.

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.