Rakuten Securities Inc. Has $38,000 Stake in ConocoPhillips (NYSE:COP)

Rakuten Securities Inc. grew its stake in ConocoPhillips (NYSE:COP) by 222.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 380 shares of the energy producer’s stock after purchasing an additional 262 shares during the period. Rakuten Securities Inc.’s holdings in ConocoPhillips were worth $38,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Avantax Advisory Services Inc. grew its position in ConocoPhillips by 6.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 154,511 shares of the energy producer’s stock worth $15,323,000 after purchasing an additional 9,824 shares during the last quarter. Securian Asset Management Inc. grew its position in ConocoPhillips by 8.2% in the 4th quarter. Securian Asset Management Inc. now owns 69,522 shares of the energy producer’s stock worth $6,894,000 after purchasing an additional 5,296 shares during the last quarter. Great Lakes Advisors LLC grew its position in ConocoPhillips by 2.2% in the 4th quarter. Great Lakes Advisors LLC now owns 1,037,325 shares of the energy producer’s stock worth $102,872,000 after purchasing an additional 21,886 shares during the last quarter. Truvestments Capital LLC grew its position in ConocoPhillips by 120.0% in the 4th quarter. Truvestments Capital LLC now owns 649 shares of the energy producer’s stock worth $64,000 after purchasing an additional 354 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of ConocoPhillips by 21.4% during the 4th quarter. Farther Finance Advisors LLC now owns 14,759 shares of the energy producer’s stock valued at $1,464,000 after acquiring an additional 2,606 shares in the last quarter. 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 acquired 10,400 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were acquired at an average cost of $97.80 per share, for a total transaction of $1,017,120.00. Following the completion of the acquisition, the director now directly owns 38,000 shares of the company’s stock, valued at approximately $3,716,400. This represents a 37.68 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Arjun N. Murti acquired 2,500 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was acquired at an average price 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 of the company’s stock, valued at $2,061,205. This trade represents a 13.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.34% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on COP shares. Mizuho upgraded shares of ConocoPhillips from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $132.00 to $134.00 in a research report on Monday, December 16th. Raymond James lowered shares of ConocoPhillips from a “strong-buy” rating to an “outperform” rating and decreased their target price for the company from $157.00 to $124.00 in a research report on Monday, February 10th. The Goldman Sachs Group set a $132.00 target price on shares of ConocoPhillips in a research report on Thursday, January 30th. Barclays decreased 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, February 10th. Finally, Piper Sandler decreased 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. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.05.

ConocoPhillips Price Performance

Shares of COP stock opened at $96.27 on Friday. ConocoPhillips has a 1 year low of $86.81 and a 1 year high of $135.18. The firm’s 50 day moving average is $99.26 and its 200-day moving average is $103.97. The firm has a market capitalization of $122.49 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 0.79 and a beta of 1.12. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. Sell-side analysts forecast that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.24%. ConocoPhillips’s payout ratio is 40.05%.

ConocoPhillips Company 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.