361 Shares in ConocoPhillips (NYSE:COP) Bought by Wingate Wealth Advisors Inc.

Wingate Wealth Advisors Inc. purchased a new stake in shares of ConocoPhillips (NYSE:COP) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 361 shares of the energy producer’s stock, valued at approximately $36,000.

A number of other large investors have also recently bought and sold shares of COP. Savant Capital LLC boosted its position in shares of ConocoPhillips by 38.6% during the 4th quarter. Savant Capital LLC now owns 47,405 shares of the energy producer’s stock valued at $4,701,000 after purchasing an additional 13,199 shares in the last quarter. Angeles Wealth Management LLC increased its holdings in ConocoPhillips by 13.1% in the fourth quarter. Angeles Wealth Management LLC now owns 8,994 shares of the energy producer’s stock worth $892,000 after purchasing an additional 1,040 shares in the last quarter. Tevis Investment Management lifted its stake in ConocoPhillips by 24.3% in the fourth quarter. Tevis Investment Management now owns 2,782 shares of the energy producer’s stock valued at $276,000 after buying an additional 544 shares during the period. Legacy Financial Strategies LLC boosted its holdings in shares of ConocoPhillips by 11.4% during the 4th quarter. Legacy Financial Strategies LLC now owns 2,533 shares of the energy producer’s stock worth $253,000 after buying an additional 259 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. grew its position in shares of ConocoPhillips by 1,406.9% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 1,085 shares of the energy producer’s stock worth $108,000 after buying an additional 1,013 shares during the period. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at ConocoPhillips

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

ConocoPhillips Trading Up 2.3 %

NYSE COP opened at $101.72 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 1.16 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $117.08 billion, a P/E ratio of 13.06, a PEG ratio of 0.77 and a beta of 1.18. The business has a fifty day simple moving average of $100.91 and a 200 day simple moving average of $106.03. ConocoPhillips has a 12 month low of $94.23 and a 12 month high of $135.18.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, beating the consensus estimate of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. On average, analysts predict that ConocoPhillips will post 8.3 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $3.12 annualized dividend and a dividend yield of 3.07%. ConocoPhillips’s dividend payout ratio is currently 40.05%.

Analyst Ratings Changes

COP has been the topic of a number of research reports. Barclays dropped their target price on shares of ConocoPhillips from $137.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday. TD Cowen initiated coverage on shares of ConocoPhillips in a report on Friday, January 17th. They set a “buy” rating and a $125.00 price objective on the stock. Piper Sandler reduced their target price on ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Wells Fargo & Company dropped their price target on ConocoPhillips from $132.00 to $128.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Mizuho raised ConocoPhillips from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $132.00 to $134.00 in a research note on Monday, December 16th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $133.72.

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.