Commonwealth Equity Services LLC Purchases 6,755 Shares of ConocoPhillips (NYSE:COP)

Commonwealth Equity Services LLC increased its position in shares of ConocoPhillips (NYSE:COP) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 357,411 shares of the energy producer’s stock after purchasing an additional 6,755 shares during the period. Commonwealth Equity Services LLC’s holdings in ConocoPhillips were worth $41,485,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Orion Capital Management LLC bought a new position in shares of ConocoPhillips during the 3rd quarter worth about $27,000. West Branch Capital LLC boosted its holdings in ConocoPhillips by 87.8% during the fourth 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 in the last quarter. Oliver Lagore Vanvalin Investment Group boosted its holdings in ConocoPhillips by 63.1% during 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 in the last quarter. Spartan Planning & Wealth Management acquired a new position in shares of ConocoPhillips in the 3rd quarter worth approximately $40,000. Finally, Nemes Rush Group LLC lifted its position in shares of ConocoPhillips by 163.9% during the 3rd quarter. Nemes Rush Group LLC now owns 380 shares of the energy producer’s stock worth $46,000 after buying an additional 236 shares during the period. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Trading Down 0.0 %

Shares of NYSE:COP traded down $0.02 during midday trading on Friday, hitting $122.23. The company had a trading volume of 5,020,657 shares, compared to its average volume of 4,434,834. The firm has a fifty day simple moving average of $123.63 and a 200 day simple moving average of $117.75. The stock has a market cap of $143.79 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 2.68 and a beta of 1.25. The company has a current ratio of 1.35, a quick ratio of 1.29 and a debt-to-equity ratio of 0.35. ConocoPhillips has a 12 month low of $95.81 and a 12 month high of $135.18.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, February 8th. The energy producer reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.32. ConocoPhillips had a return on equity of 20.85% and a net margin of 18.40%. The company had revenue of $15.31 billion during the quarter, compared to analysts’ expectations of $14.47 billion. During the same period in the prior year, the business posted $2.71 EPS. On average, analysts predict that ConocoPhillips will post 9.11 EPS for the current year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 13th will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $3.12 annualized dividend and a yield of 2.55%. ConocoPhillips’s dividend payout ratio is presently 26.27%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Scotiabank increased 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. 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 report on Thursday, April 18th. Wells Fargo & Company boosted their target price on ConocoPhillips from $149.00 to $151.00 and gave the stock an “overweight” rating in a report on Friday. Susquehanna raised their price target on ConocoPhillips from $133.00 to $154.00 and gave the company a “positive” rating in a report on Monday, April 22nd. Finally, Morgan Stanley lifted their price objective on ConocoPhillips from $123.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $142.76.

Insider Buying and Selling 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 transaction of $1,536,246.00. Following the transaction, the executive vice president now owns 14,522 shares in the company, valued at approximately $1,836,161.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other ConocoPhillips 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 transaction of $1,536,246.00. Following the completion of the transaction, the executive vice president now owns 14,522 shares in the company, valued at approximately $1,836,161.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 completion of the sale, the chief executive officer now owns 6,780 shares in the company, valued at $853,669.80. 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. Company insiders own 0.34% of the company’s stock.

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.