ConocoPhillips (NYSE:COP) Shares Bought by Greenwich Wealth Management LLC

Greenwich Wealth Management LLC increased its position in ConocoPhillips (NYSE:COP) by 21.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,598 shares of the energy producer’s stock after acquiring an additional 457 shares during the period. Greenwich Wealth Management LLC’s holdings in ConocoPhillips were worth $258,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of COP. Atlanta Consulting Group Advisors LLC purchased a new stake in shares of ConocoPhillips in the 3rd quarter worth about $410,000. Tower Bridge Advisors boosted its stake in shares of ConocoPhillips by 24.7% during the 3rd quarter. Tower Bridge Advisors now owns 7,479 shares of the energy producer’s stock worth $787,000 after purchasing an additional 1,481 shares during the last quarter. Concord Asset Management LLC VA grew its holdings in shares of ConocoPhillips by 11.7% during the third quarter. Concord Asset Management LLC VA now owns 19,091 shares of the energy producer’s stock worth $2,010,000 after buying an additional 1,998 shares in the last quarter. Claro Advisors LLC raised its position in shares of ConocoPhillips by 23.5% in the third quarter. Claro Advisors LLC now owns 4,215 shares of the energy producer’s stock valued at $444,000 after buying an additional 803 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in shares of ConocoPhillips by 0.3% during the third quarter. Thrivent Financial for Lutherans now owns 1,210,124 shares of the energy producer’s stock valued at $127,402,000 after buying an additional 3,877 shares during the period. 82.36% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, Director Arjun N. Murti purchased 2,500 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were acquired at an average price of $95.87 per share, for a total transaction of $239,675.00. Following the completion of the purchase, the director now owns 21,500 shares in the company, valued at $2,061,205. The trade was a 13.16 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director R A. Walker acquired 10,400 shares of the stock in a transaction on Tuesday, December 17th. The shares were acquired at an average price of $97.80 per share, with a total value of $1,017,120.00. Following the purchase, 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 corporate insiders.

ConocoPhillips Price Performance

Shares of NYSE COP opened at $99.10 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14. ConocoPhillips has a 1-year low of $86.81 and a 1-year high of $135.18. The company has a market capitalization of $126.09 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 0.79 and a beta of 1.12. The business has a 50-day moving average of $99.22 and a 200-day moving average of $103.75.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 earnings per share (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, equities analysts anticipate that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were issued a $0.78 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a yield of 3.15%. ConocoPhillips’s dividend payout ratio is currently 40.05%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Evercore ISI reiterated an “outperform” rating and issued a $165.00 price target on shares of ConocoPhillips in a report on Friday, December 6th. The Goldman Sachs Group set a $132.00 target price on ConocoPhillips in a research note on Thursday, January 30th. UBS Group decreased their price target on ConocoPhillips from $140.00 to $137.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Piper Sandler dropped 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. Finally, TD Cowen assumed coverage on shares of ConocoPhillips in a research report on Friday, January 17th. They issued a “buy” rating and a $125.00 target price on the stock. Two investment 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. According to data from MarketBeat.com, ConocoPhillips currently has an average rating of “Moderate Buy” and an average price target of $133.05.

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.