Alliance Wealth Advisors LLC UT Sells 145 Shares of ConocoPhillips (NYSE:COP)

Alliance Wealth Advisors LLC UT trimmed its stake in ConocoPhillips (NYSE:COP) by 5.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,457 shares of the energy producer’s stock after selling 145 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in ConocoPhillips were worth $285,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of COP. Orion Capital Management LLC purchased a new position in ConocoPhillips in the third quarter worth about $27,000. West Branch Capital LLC boosted its stake in ConocoPhillips by 87.8% during the 4th quarter. West Branch Capital LLC now owns 231 shares of the energy producer’s stock valued at $27,000 after purchasing an additional 108 shares during the last quarter. Oliver Lagore Vanvalin Investment Group increased 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 worth $34,000 after purchasing an additional 111 shares in the last quarter. Spartan Planning & Wealth Management purchased a new position in shares of ConocoPhillips in the third quarter worth $40,000. Finally, Milestone Investment Advisors LLC bought a new position in shares of ConocoPhillips during the third quarter valued at $46,000. 82.36% of the stock is owned by hedge funds and other institutional investors.

ConocoPhillips Price Performance

COP stock traded up $0.13 during trading on Friday, reaching $130.24. The company’s stock had a trading volume of 4,823,139 shares, compared to its average volume of 3,808,210. 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 company’s fifty day moving average is $122.49 and its 200-day moving average is $117.62. The company has a market capitalization of $153.22 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 2.72 and a beta of 1.24. ConocoPhillips has a 1 year low of $95.70 and a 1 year high of $135.18.

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

ConocoPhillips Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 19th were given 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 of this dividend was Thursday, February 15th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.40%. ConocoPhillips’s dividend payout ratio is currently 25.61%.

Wall Street Analyst Weigh In

Several research firms recently commented on COP. UBS Group lifted their price objective on ConocoPhillips from $138.00 to $143.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Barclays started coverage on shares of ConocoPhillips in a report on Wednesday, April 10th. They set an “overweight” rating and a $158.00 price objective for the company. Susquehanna raised their target price on shares of ConocoPhillips from $133.00 to $154.00 and gave the stock a “positive” rating in a report on Monday, April 22nd. Scotiabank lifted their target price on shares of ConocoPhillips from $120.00 to $135.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Finally, Mizuho reissued a “neutral” rating and set a $139.00 price target (up from $132.00) on shares of ConocoPhillips in a report on Friday, March 22nd. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $143.24.

Insider Activity at ConocoPhillips

In other news, EVP Nicholas G. Olds sold 12,150 shares of ConocoPhillips 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 sale, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Ryan Michael Lance sold 607,000 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $125.91, for a total value of $76,427,370.00. Following the sale, the chief executive officer now directly owns 6,780 shares in the company, valued at approximately $853,669.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Nicholas G. Olds sold 12,150 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 14,522 shares in the company, valued at $1,836,161.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 700,775 shares of company stock valued at $87,615,169. Corporate 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.