Tucker Asset Management LLC Purchases 274 Shares of ConocoPhillips (NYSE:COP)

Tucker Asset Management LLC lifted its stake in ConocoPhillips (NYSE:COP) by 17.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,813 shares of the energy producer’s stock after buying an additional 274 shares during the period. Tucker Asset Management LLC’s holdings in ConocoPhillips were worth $210,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Evergreen Capital Management LLC lifted its stake in shares of ConocoPhillips by 0.5% during the 3rd quarter. Evergreen Capital Management LLC now owns 18,944 shares of the energy producer’s stock worth $2,270,000 after acquiring an additional 89 shares during the last quarter. Greenfield Savings Bank lifted its stake in shares of ConocoPhillips by 1.3% during the 4th quarter. Greenfield Savings Bank now owns 7,520 shares of the energy producer’s stock worth $873,000 after acquiring an additional 94 shares during the last quarter. Relative Value Partners Group LLC lifted its stake in shares of ConocoPhillips by 2.2% during the 4th quarter. Relative Value Partners Group LLC now owns 4,511 shares of the energy producer’s stock worth $524,000 after acquiring an additional 95 shares during the last quarter. Cyndeo Wealth Partners LLC lifted its stake in shares of ConocoPhillips by 3.0% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 3,329 shares of the energy producer’s stock worth $386,000 after acquiring an additional 98 shares during the last quarter. Finally, Waverly Advisors LLC lifted its stake in shares of ConocoPhillips by 2.1% during the 3rd quarter. Waverly Advisors LLC now owns 4,847 shares of the energy producer’s stock worth $581,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, CFO William L. Jr. Bullock sold 45,200 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $123.32, for a total transaction of $5,574,064.00. Following the sale, the chief financial officer now owns 44,153 shares in the company, valued at approximately $5,444,947.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Ryan Michael Lance sold 607,000 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $125.91, for a total value of $76,427,370.00. Following the sale, the chief executive officer now owns 6,780 shares in the company, valued at $853,669.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO William L. Jr. Bullock sold 45,200 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $123.32, for a total value of $5,574,064.00. Following the completion of the sale, the chief financial officer now owns 44,153 shares in the company, valued at approximately $5,444,947.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 664,350 shares of company stock worth $83,537,680. 0.34% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on COP. StockNews.com raised ConocoPhillips from a “hold” rating to a “buy” rating in a research report on Wednesday. Morgan Stanley lifted their target price on ConocoPhillips from $123.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Wells Fargo & Company lifted their target price on ConocoPhillips from $149.00 to $151.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Argus raised ConocoPhillips to a “strong-buy” rating in a research report on Friday, June 7th. Finally, Royal Bank of Canada lifted their target price on ConocoPhillips from $135.00 to $140.00 and gave the company an “outperform” rating in a research report on Wednesday, May 15th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $144.18.

ConocoPhillips Stock Down 1.4 %

COP stock traded down $1.50 on Friday, hitting $109.39. 5,690,366 shares of the company’s stock were exchanged, compared to its average volume of 5,835,485. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.21 and a current ratio of 1.35. The firm has a 50 day moving average price of $121.97 and a two-hundred day moving average price of $117.62. The stock has a market cap of $127.93 billion, a P/E ratio of 12.39, a price-to-earnings-growth ratio of 2.48 and a beta of 1.22. ConocoPhillips has a 12-month low of $99.35 and a 12-month high of $135.18.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, May 2nd. The energy producer reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.04. The business had revenue of $14.48 billion for the quarter, compared to the consensus estimate of $14.72 billion. ConocoPhillips had a return on equity of 20.85% and a net margin of 18.40%. As a group, equities research analysts expect that ConocoPhillips will post 8.93 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 13th were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $3.12 annualized dividend and a yield of 2.85%. ConocoPhillips’s payout ratio is presently 26.27%.

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.