ConocoPhillips (NYSE:COP) Stock Position Raised by Well Done LLC

Well Done LLC lifted its stake in shares of ConocoPhillips (NYSE:COP) by 10.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,875 shares of the energy producer’s stock after acquiring an additional 170 shares during the quarter. Well Done LLC’s holdings in ConocoPhillips were worth $218,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of COP. Moneta Group Investment Advisors LLC boosted its stake in shares of ConocoPhillips by 98,832.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,584,373 shares of the energy producer’s stock worth $1,012,956,000 after acquiring an additional 8,575,696 shares in the last quarter. Morgan Stanley boosted its position in shares of ConocoPhillips by 26.6% in the fourth quarter. Morgan Stanley now owns 16,647,723 shares of the energy producer’s stock worth $1,964,432,000 after buying an additional 3,497,750 shares during the period. Alphinity Investment Management Pty Ltd acquired a new stake in shares of ConocoPhillips in the third quarter worth $310,102,000. Cowa LLC boosted its position in shares of ConocoPhillips by 6,475.2% in the first quarter. Cowa LLC now owns 2,375,224 shares of the energy producer’s stock worth $2,383,000 after buying an additional 2,339,100 shares during the period. Finally, T. Rowe Price Investment Management Inc. acquired a new stake in shares of ConocoPhillips in the fourth quarter worth $186,330,000. 82.36% of the stock is owned by institutional investors.

Insider Transactions at ConocoPhillips

In other news, VP Christopher P. Delk sold 8,505 shares of ConocoPhillips stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $112.06, for a total value of $953,070.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Ryan Michael Lance sold 607,000 shares of ConocoPhillips stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $125.91, for a total transaction of $76,427,370.00. Following the sale, the chief executive officer now directly owns 6,780 shares of the company’s stock, valued at $853,669.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Christopher P. Delk sold 8,505 shares of ConocoPhillips stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $112.06, for a total value of $953,070.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 700,775 shares of company stock worth $87,615,169. Company insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Susquehanna decreased their target price on ConocoPhillips from $152.00 to $133.00 and set a “positive” rating for the company in a research report on Friday, January 26th. UBS Group raised their target price on ConocoPhillips from $138.00 to $143.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Piper Sandler decreased their target price on ConocoPhillips from $139.00 to $133.00 and set an “overweight” rating for the company in a research report on Thursday, March 14th. Johnson Rice cut ConocoPhillips from an “accumulate” rating to a “hold” rating in a research report on Thursday, December 14th. Finally, JPMorgan Chase & Co. reduced their price objective on ConocoPhillips from $153.00 to $141.00 and set a “neutral” rating for the company in a research report on Friday, December 8th. Six investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, ConocoPhillips presently has an average rating of “Moderate Buy” and a consensus price target of $135.12.

ConocoPhillips Stock Up 0.7 %

NYSE COP traded up $0.88 during trading on Thursday, hitting $127.72. 1,797,818 shares of the company traded hands, compared to its average volume of 5,727,014. ConocoPhillips has a 12 month low of $95.70 and a 12 month high of $128.64. The business has a fifty day simple moving average of $113.49 and a 200 day simple moving average of $116.01. The company has a current ratio of 1.43, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $150.25 billion, a P/E ratio of 14.05, a PEG ratio of 2.87 and a beta of 1.23.

ConocoPhillips (NYSE:COP) last posted 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. The business had revenue of $15.31 billion for the quarter, compared to analyst estimates of $14.47 billion. ConocoPhillips had a return on equity of 22.08% and a net margin of 18.71%. During the same period in the previous year, the company posted $2.71 earnings per share. As a group, sell-side analysts predict that ConocoPhillips will post 8.79 EPS for the current year.

ConocoPhillips Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 19th were paid a $0.78 dividend. The ex-dividend date was Thursday, February 15th. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.58. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.44%. ConocoPhillips’s payout ratio is presently 25.61%.

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.