ConocoPhillips (NYSE:COP) Shares Sold by Investors Asset Management of Georgia Inc. GA ADV

Investors Asset Management of Georgia Inc. GA ADV reduced its position in ConocoPhillips (NYSE:COP) by 1.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 13,196 shares of the energy producer’s stock after selling 147 shares during the quarter. Investors Asset Management of Georgia Inc. GA ADV’s holdings in ConocoPhillips were worth $1,309,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. One Day In July LLC raised its holdings in ConocoPhillips by 11.3% during the fourth quarter. One Day In July LLC now owns 2,618 shares of the energy producer’s stock worth $260,000 after purchasing an additional 266 shares in the last quarter. Cromwell Holdings LLC increased its position in ConocoPhillips by 14.5% during the 4th quarter. Cromwell Holdings LLC now owns 4,149 shares of the energy producer’s stock worth $411,000 after purchasing an additional 526 shares during the period. Mattern Capital Management LLC raised its stake in shares of ConocoPhillips by 6.3% during the 4th quarter. Mattern Capital Management LLC now owns 8,119 shares of the energy producer’s stock worth $805,000 after buying an additional 482 shares in the last quarter. ING Groep NV lifted its holdings in shares of ConocoPhillips by 642.4% in the 4th quarter. ING Groep NV now owns 270,234 shares of the energy producer’s stock valued at $26,799,000 after buying an additional 233,833 shares during the period. Finally, Boston Financial Mangement LLC boosted its stake in shares of ConocoPhillips by 31.7% in the fourth quarter. Boston Financial Mangement LLC now owns 4,469 shares of the energy producer’s stock valued at $443,000 after buying an additional 1,075 shares in the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Insider Buying and Selling

In other news, Director Arjun N. Murti acquired 2,500 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were bought 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 directly owns 21,500 shares of the company’s stock, valued at approximately $2,061,205. This trade represents a 13.16 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 price of $97.80 per share, with a total value of $1,017,120.00. Following the completion of the purchase, the director now directly owns 38,000 shares of the company’s stock, valued at approximately $3,716,400. This trade represents a 37.68 % increase in their position. The disclosure for this purchase can be found here. 0.34% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on COP. TD Cowen initiated coverage on ConocoPhillips in a report on Friday, January 17th. They issued a “buy” rating and a $125.00 target price for the company. Morgan Stanley began coverage on shares of ConocoPhillips in a report on Monday, December 16th. They set an “overweight” rating and a $128.00 price objective on the stock. Wells Fargo & Company dropped their target price on shares of ConocoPhillips from $132.00 to $128.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Raymond James lowered ConocoPhillips from a “strong-buy” rating to an “outperform” rating and decreased their price target for the stock from $157.00 to $124.00 in a research note on Monday, February 10th. Finally, Susquehanna upped their price target on ConocoPhillips from $144.00 to $148.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Two 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $133.56.

ConocoPhillips Price Performance

COP stock opened at $102.05 on Friday. The stock has a 50-day moving average price of $100.17 and a two-hundred day moving average price of $105.48. The company has a market cap of $129.85 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 0.78 and a beta of 1.18. 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 has a 12-month low of $94.23 and a 12-month high of $135.18.

ConocoPhillips (NYSE:COP) last posted 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%. As a group, research analysts predict that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be issued 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 3.06%. 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.