ConocoPhillips (NYSE:COP) Stock Holdings Increased by Sfmg LLC

Sfmg LLC grew its holdings in shares of ConocoPhillips (NYSE:COP) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 47,477 shares of the energy producer’s stock after purchasing an additional 510 shares during the period. ConocoPhillips makes up approximately 0.5% of Sfmg LLC’s investment portfolio, making the stock its 27th largest holding. Sfmg LLC’s holdings in ConocoPhillips were worth $5,511,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Orion Capital Management LLC bought a new stake in shares of ConocoPhillips in the 3rd quarter worth $27,000. West Branch Capital LLC raised its position in ConocoPhillips by 87.8% in the fourth quarter. West Branch Capital LLC now owns 231 shares of the energy producer’s stock worth $27,000 after acquiring an additional 108 shares in the last quarter. RVW Wealth LLC acquired a new stake in ConocoPhillips in the 3rd quarter valued at about $28,000. Fairfield Bush & CO. acquired a new position in shares of ConocoPhillips in the 1st quarter worth approximately $31,000. Finally, Oliver Lagore Vanvalin Investment Group raised 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. 82.36% of the stock is currently owned by institutional investors.

Insider Transactions at ConocoPhillips

In related news, SVP Heather G. Hrap sold 4,548 shares of ConocoPhillips stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $110.55, for a total value of $502,781.40. Following the transaction, the senior vice president now owns 2,654 shares in the company, valued at approximately $293,399.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Ryan Michael Lance sold 607,000 shares of the 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Heather G. Hrap sold 4,548 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $110.55, for a total value of $502,781.40. Following the transaction, the senior vice president now owns 2,654 shares in the company, valued at $293,399.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 700,775 shares of company stock worth $87,615,169. 0.34% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Truist Financial reduced their target price on shares of ConocoPhillips from $173.00 to $170.00 and set a “buy” rating for the company in a report on Friday, April 5th. Morgan Stanley lifted their target price on ConocoPhillips from $123.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Scotiabank upped their target price on ConocoPhillips from $120.00 to $135.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Susquehanna cut their price objective on ConocoPhillips from $152.00 to $133.00 and set a “positive” rating on the stock in a report on Friday, January 26th. Finally, Wells Fargo & Company raised their target price on shares of ConocoPhillips from $141.00 to $149.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $140.59.

ConocoPhillips Stock Down 0.6 %

COP traded down $0.72 during midday trading on Wednesday, hitting $129.53. 3,878,617 shares of the company’s stock traded hands, compared to its average volume of 4,204,073. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 1.29. The company has a market cap of $152.38 billion, a PE ratio of 14.30, a price-to-earnings-growth ratio of 2.83 and a beta of 1.24. ConocoPhillips has a one year low of $95.70 and a one year high of $135.18. The stock’s fifty day simple moving average is $119.60 and its 200-day simple moving average is $116.93.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, February 8th. The energy producer reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.32. The business had revenue of $15.31 billion for the quarter, compared to the consensus estimate of $14.47 billion. ConocoPhillips had a net margin of 18.71% and a return on equity of 22.08%. During the same quarter last year, the firm earned $2.71 EPS. As a group, equities analysts anticipate that ConocoPhillips will post 9.21 earnings per share for the current fiscal year.

ConocoPhillips Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 19th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend was Thursday, February 15th. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.58. ConocoPhillips’s dividend payout ratio (DPR) is 25.61%.

About ConocoPhillips

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.