Capital Analysts LLC Has $15.27 Million Stock Holdings in ConocoPhillips $COP

Capital Analysts LLC lifted its position in shares of ConocoPhillips (NYSE:COP) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 163,155 shares of the energy producer’s stock after purchasing an additional 7,825 shares during the period. Capital Analysts LLC’s holdings in ConocoPhillips were worth $15,273,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of COP. Victory Capital Management Inc. grew its stake in ConocoPhillips by 14.7% in the 3rd quarter. Victory Capital Management Inc. now owns 2,331,176 shares of the energy producer’s stock valued at $220,506,000 after buying an additional 298,245 shares during the last quarter. Natixis Advisors LLC boosted its holdings in ConocoPhillips by 8.7% in the 3rd quarter. Natixis Advisors LLC now owns 1,996,426 shares of the energy producer’s stock valued at $188,842,000 after purchasing an additional 160,410 shares during the period. Concurrent Investment Advisors LLC boosted its holdings in ConocoPhillips by 31.2% in the 4th quarter. Concurrent Investment Advisors LLC now owns 86,171 shares of the energy producer’s stock valued at $8,067,000 after purchasing an additional 20,501 shares during the period. SPX Gestao de Recursos Ltda bought a new stake in ConocoPhillips in the 3rd quarter valued at about $1,892,000. Finally, D.A. Davidson & CO. boosted its holdings in ConocoPhillips by 10.5% in the 4th quarter. D.A. Davidson & CO. now owns 155,662 shares of the energy producer’s stock valued at $14,572,000 after purchasing an additional 14,833 shares during the period. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

COP has been the subject of a number of recent research reports. Royal Bank Of Canada boosted their price objective on shares of ConocoPhillips from $118.00 to $152.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. Weiss Ratings reissued a “hold (c)” rating on shares of ConocoPhillips in a report on Wednesday, June 3rd. Barclays boosted their price objective on shares of ConocoPhillips from $136.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Piper Sandler boosted their price objective on shares of ConocoPhillips from $154.00 to $157.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Finally, Truist Financial set a $128.00 price objective on shares of ConocoPhillips in a report on Friday, May 1st. Seventeen analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, ConocoPhillips presently has a consensus rating of “Moderate Buy” and an average price target of $134.48.

Insider Activity at ConocoPhillips

In related news, CEO Ryan Michael Lance sold 113,221 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $132.71, for a total transaction of $15,025,558.91. Following the completion of the transaction, the chief executive officer directly owned 350,000 shares in the company, valued at $46,448,500. This represents a 24.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Nicholas G. Olds sold 6,994 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $127.06, for a total transaction of $888,657.64. Following the transaction, the executive vice president owned 5,395 shares of the company’s stock, valued at approximately $685,488.70. This represents a 56.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 686,391 shares of company stock worth $87,590,752 in the last 90 days. Corporate insiders own 0.09% of the company’s stock.

ConocoPhillips Stock Performance

Shares of ConocoPhillips stock opened at $116.76 on Wednesday. The company has a 50 day moving average of $121.45 and a 200-day moving average of $109.99. ConocoPhillips has a 1-year low of $85.57 and a 1-year high of $135.87. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.34. The company has a market cap of $142.24 billion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 1.32 and a beta of 0.11.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.17. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The company had revenue of $15.76 billion during the quarter, compared to the consensus estimate of $15.62 billion. During the same quarter in the prior year, the firm posted $2.09 EPS. The firm’s quarterly revenue was down 6.1% on a year-over-year basis. As a group, equities research analysts forecast that ConocoPhillips will post 10.03 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 11th were issued a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, May 11th. ConocoPhillips’s dividend payout ratio is 57.05%.

ConocoPhillips Company Profile

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.