ConocoPhillips (NYSE:COP) Holdings Lifted by Strategic Blueprint LLC

Strategic Blueprint LLC increased its holdings in ConocoPhillips (NYSE:COP) by 50.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,045 shares of the energy producer’s stock after acquiring an additional 3,035 shares during the period. Strategic Blueprint LLC’s holdings in ConocoPhillips were worth $897,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of COP. Cetera Investment Advisers lifted its position in ConocoPhillips by 7.4% in the 2nd quarter. Cetera Investment Advisers now owns 308,413 shares of the energy producer’s stock worth $35,276,000 after buying an additional 21,286 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in shares of ConocoPhillips during the second quarter worth $59,000. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of ConocoPhillips by 10.5% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 202,375 shares of the energy producer’s stock worth $23,148,000 after acquiring an additional 19,268 shares in the last quarter. Mattson Financial Services LLC acquired a new stake in ConocoPhillips during the second quarter valued at $2,142,000. Finally, Cascade Investment Advisors Inc. grew its stake in ConocoPhillips by 1.5% in the third quarter. Cascade Investment Advisors Inc. now owns 15,200 shares of the energy producer’s stock valued at $1,600,000 after purchasing an additional 225 shares in the last quarter. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Price Performance

NYSE:COP opened at $101.41 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 1.16. ConocoPhillips has a one year low of $94.23 and a one year high of $135.18. The company has a fifty day moving average price of $102.29 and a 200 day moving average price of $106.86. The stock has a market cap of $116.71 billion, a P/E ratio of 12.06, a PEG ratio of 0.86 and a beta of 1.19.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, October 31st. The energy producer reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.10. ConocoPhillips had a net margin of 17.29% and a return on equity of 19.53%. The business had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.97 billion. During the same quarter last year, the company earned $2.16 earnings per share. The firm’s revenue was down 8.5% on a year-over-year basis. Analysts anticipate that ConocoPhillips will post 7.65 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on COP shares. Susquehanna lifted their price target on ConocoPhillips from $144.00 to $148.00 and gave the company a “positive” rating in a report on Friday, November 1st. Morgan Stanley initiated coverage on shares of ConocoPhillips in a research note on Monday, December 16th. They issued an “overweight” rating and a $128.00 target price for the company. TD Cowen assumed coverage on shares of ConocoPhillips in a research note on Friday, January 17th. They set a “buy” rating and a $125.00 price target on the stock. Evercore ISI reaffirmed an “outperform” rating and issued a $165.00 price objective on shares of ConocoPhillips in a research note on Friday, December 6th. Finally, Wells Fargo & Company decreased their price objective on shares of ConocoPhillips from $134.00 to $132.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, ConocoPhillips currently has a consensus rating of “Buy” and an average price target of $135.89.

Insider Buying and Selling at ConocoPhillips

In other news, Director Arjun N. Murti bought 2,500 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was acquired 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 owns 21,500 shares of the company’s stock, valued at $2,061,205. This trade represents a 13.16 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director R A. Walker bought 10,400 shares of ConocoPhillips stock in a transaction that occurred on 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 completion of the transaction, the director now owns 38,000 shares of the company’s stock, valued at $3,716,400. This trade represents a 37.68 % 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.

About ConocoPhillips

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.