Yousif Capital Management LLC Acquires 15,715 Shares of ConocoPhillips (NYSE:COP)

Yousif Capital Management LLC raised its holdings in shares of ConocoPhillips (NYSE:COP) by 9.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 175,708 shares of the energy producer’s stock after purchasing an additional 15,715 shares during the quarter. Yousif Capital Management LLC’s holdings in ConocoPhillips were worth $17,425,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in COP. AMF Tjanstepension AB increased its position in ConocoPhillips by 4.7% during the 3rd quarter. AMF Tjanstepension AB now owns 1,163,724 shares of the energy producer’s stock valued at $122,628,000 after purchasing an additional 52,334 shares during the period. Czech National Bank boosted its stake in ConocoPhillips by 6.2% in the 3rd quarter. Czech National Bank now owns 236,559 shares of the energy producer’s stock worth $24,905,000 after purchasing an additional 13,707 shares in the last quarter. Smith Anglin Financial LLC boosted its stake in ConocoPhillips by 17.1% in the 3rd quarter. Smith Anglin Financial LLC now owns 3,023 shares of the energy producer’s stock worth $318,000 after purchasing an additional 442 shares in the last quarter. Miracle Mile Advisors LLC boosted its stake in ConocoPhillips by 1.8% in the 3rd quarter. Miracle Mile Advisors LLC now owns 26,224 shares of the energy producer’s stock worth $2,761,000 after purchasing an additional 462 shares in the last quarter. Finally, Greenfield Savings Bank boosted its stake in ConocoPhillips by 6.7% in the 3rd quarter. Greenfield Savings Bank now owns 8,412 shares of the energy producer’s stock worth $886,000 after purchasing an additional 530 shares in the last quarter. Institutional investors own 82.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Wells Fargo & Company lowered their target price on shares of ConocoPhillips from $134.00 to $132.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Piper Sandler decreased their price objective on shares of ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Raymond James boosted their target price on shares of ConocoPhillips from $148.00 to $157.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Scotiabank decreased their target price on shares of ConocoPhillips from $120.00 to $115.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Finally, Truist Financial increased their target price on ConocoPhillips from $138.00 to $139.00 and gave the company a “buy” rating in a report on Monday, January 13th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, ConocoPhillips has a consensus rating of “Buy” and an average price target of $135.89.

ConocoPhillips Stock Performance

Shares of COP stock opened at $100.61 on Wednesday. The business has a 50 day moving average of $101.67 and a two-hundred day moving average of $106.46. The company has a market cap of $115.80 billion, a P/E ratio of 11.96, a PEG ratio of 0.76 and a beta of 1.18. The company has a quick ratio of 1.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. ConocoPhillips has a 52 week low of $94.23 and a 52 week high of $135.18.

Insiders Place Their Bets

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

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.