S.E.E.D. Planning Group LLC Takes Position in ConocoPhillips $COP

S.E.E.D. Planning Group LLC bought a new position in shares of ConocoPhillips (NYSE:COP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,637 shares of the energy producer’s stock, valued at approximately $434,000.

A number of other institutional investors have also modified their holdings of the business. Howard Hughes Medical Institute purchased a new stake in ConocoPhillips in the 2nd quarter valued at $25,000. Cloud Capital Management LLC purchased a new position in ConocoPhillips during the 3rd quarter worth $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in ConocoPhillips during the 3rd quarter worth $28,000. Board of the Pension Protection Fund acquired a new position in ConocoPhillips in the fourth quarter valued at $28,000. Finally, Strive Asset Management LLC purchased a new stake in shares of ConocoPhillips in the third quarter valued at about $28,000. 82.36% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips Trading Up 0.2%

Shares of ConocoPhillips stock opened at $127.16 on Tuesday. The firm has a market cap of $157.13 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 3.49 and a beta of 0.27. ConocoPhillips has a 52-week low of $79.88 and a 52-week high of $128.36. The company’s 50-day simple moving average is $109.93 and its 200-day simple moving average is $98.07. The company has a quick ratio of 1.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.35.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, February 5th. The energy producer reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.21). The firm had revenue of $13.86 billion during the quarter, compared to analyst estimates of $14.35 billion. ConocoPhillips had a net margin of 12.98% and a return on equity of 11.90%. ConocoPhillips’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.98 EPS. As a group, equities research analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Wednesday, February 18th were paid a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Wednesday, February 18th. ConocoPhillips’s dividend payout ratio is 53.00%.

Insider Buying and Selling at ConocoPhillips

In related news, SVP Andrew D. Lundquist sold 34,500 shares of the company’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $119.68, for a total transaction of $4,128,960.00. Following the transaction, the senior vice president owned 17,469 shares of the company’s stock, valued at $2,090,689.92. This represents a 66.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Nicholas G. Olds sold 14,522 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $119.36, for a total value of $1,733,345.92. Following the completion of the transaction, the executive vice president owned 12,389 shares of the company’s stock, valued at $1,478,751.04. The trade was a 53.96% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 613,970 shares of company stock worth $77,318,902. 0.24% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on COP shares. UBS Group increased their target price on shares of ConocoPhillips from $130.00 to $144.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Wall Street Zen upgraded ConocoPhillips from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Piper Sandler increased their price objective on ConocoPhillips from $111.00 to $154.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. BMO Capital Markets lifted their target price on ConocoPhillips from $115.00 to $130.00 and gave the company an “outperform” rating in a research note on Tuesday, March 3rd. Finally, Capital One Financial boosted their target price on ConocoPhillips from $111.00 to $116.00 and gave the company an “equal weight” rating in a report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, ConocoPhillips currently has an average rating of “Moderate Buy” and an average price target of $120.38.

About ConocoPhillips

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.