ConocoPhillips (NYSE:COP) Shares Purchased by Heritage Family Offices LLP

Heritage Family Offices LLP raised its holdings in ConocoPhillips (NYSE:COP) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,761 shares of the energy producer’s stock after purchasing an additional 347 shares during the quarter. Heritage Family Offices LLP’s holdings in ConocoPhillips were worth $1,365,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in COP. Winch Advisory Services LLC boosted its stake in shares of ConocoPhillips by 16.4% in the fourth quarter. Winch Advisory Services LLC now owns 1,412 shares of the energy producer’s stock valued at $140,000 after buying an additional 199 shares in the last quarter. Essex Savings Bank lifted its holdings in ConocoPhillips by 9.4% in the fourth quarter. Essex Savings Bank now owns 9,411 shares of the energy producer’s stock valued at $933,000 after acquiring an additional 812 shares during the period. Pinnacle Bancorp Inc. boosted its position in shares of ConocoPhillips by 9.4% during the 4th quarter. Pinnacle Bancorp Inc. now owns 1,713 shares of the energy producer’s stock worth $170,000 after purchasing an additional 147 shares in the last quarter. Armstrong Advisory Group Inc. grew its stake in shares of ConocoPhillips by 40.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 3,245 shares of the energy producer’s stock worth $322,000 after purchasing an additional 927 shares during the period. Finally, ARS Wealth Advisors Group LLC increased its holdings in shares of ConocoPhillips by 13.3% in the 4th quarter. ARS Wealth Advisors Group LLC now owns 2,443 shares of the energy producer’s stock valued at $242,000 after purchasing an additional 287 shares in the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

Insider Transactions at ConocoPhillips

In other news, Director R A. Walker purchased 10,400 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was bought at an average cost of $97.80 per share, for a total transaction of $1,017,120.00. Following the completion of the purchase, the director now directly owns 38,000 shares of the company’s stock, valued at $3,716,400. The trade was a 37.68 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Arjun N. Murti acquired 2,500 shares of ConocoPhillips stock in a transaction dated Friday, December 20th. The stock was purchased at an average cost of $95.87 per share, for a total transaction of $239,675.00. Following the completion of the purchase, the director now directly owns 21,500 shares in the company, valued at approximately $2,061,205. This represents a 13.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.34% of the company’s stock.

ConocoPhillips Stock Up 0.5 %

Shares of NYSE COP opened at $105.45 on Thursday. The firm has a market cap of $121.36 billion, a P/E ratio of 12.54, a price-to-earnings-growth ratio of 0.81 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.16 and a current ratio of 1.30. ConocoPhillips has a 1 year low of $94.23 and a 1 year high of $135.18. The firm’s 50 day moving average price is $104.21 and its 200 day moving average price is $107.56.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, October 31st. The energy producer reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.10. The business had revenue of $13.60 billion for the quarter, compared to analysts’ expectations of $13.97 billion. ConocoPhillips had a return on equity of 19.53% and a net margin of 17.29%. The business’s revenue was down 8.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.16 earnings per share. As a group, sell-side analysts anticipate that ConocoPhillips will post 7.7 earnings per share for the current year.

ConocoPhillips Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 11th were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.96%. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.58. ConocoPhillips’s dividend payout ratio is currently 37.10%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Piper Sandler lowered their target price on shares of ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. BMO Capital Markets upped their price target on ConocoPhillips from $123.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Barclays lifted their price objective on ConocoPhillips from $135.00 to $137.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. JPMorgan Chase & Co. raised ConocoPhillips from a “neutral” rating to an “overweight” rating and upped their target price for the company from $120.00 to $123.00 in a report on Thursday, December 5th. Finally, Susquehanna lifted their price target on ConocoPhillips from $144.00 to $148.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, ConocoPhillips presently has a consensus rating of “Buy” and a consensus target price of $136.65.

ConocoPhillips 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.