Prudent Man Advisors LLC Sells 444 Shares of ConocoPhillips (NYSE:COP)

Prudent Man Advisors LLC lowered its stake in ConocoPhillips (NYSE:COP) by 6.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,434 shares of the energy producer’s stock after selling 444 shares during the period. Prudent Man Advisors LLC’s holdings in ConocoPhillips were worth $638,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of COP. Hamel Associates Inc. increased its stake in shares of ConocoPhillips by 5.8% during the fourth quarter. Hamel Associates Inc. now owns 93,525 shares of the energy producer’s stock worth $9,275,000 after purchasing an additional 5,107 shares during the period. Jacobi Capital Management LLC lifted its holdings in shares of ConocoPhillips by 5.7% during the fourth quarter. Jacobi Capital Management LLC now owns 28,072 shares of the energy producer’s stock worth $2,784,000 after buying an additional 1,524 shares in the last quarter. Proffitt & Goodson Inc. boosted its position in shares of ConocoPhillips by 813.8% in the fourth quarter. Proffitt & Goodson Inc. now owns 859 shares of the energy producer’s stock valued at $85,000 after acquiring an additional 765 shares during the period. Metis Global Partners LLC grew its position in shares of ConocoPhillips by 14.0% during the 4th quarter. Metis Global Partners LLC now owns 56,936 shares of the energy producer’s stock worth $5,646,000 after purchasing an additional 7,004 shares in the last quarter. Finally, West Michigan Advisors LLC bought a new position in ConocoPhillips during the 4th quarter worth $356,000. 82.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on COP. Truist Financial upped their target price on ConocoPhillips from $138.00 to $139.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Susquehanna increased their target price on shares of ConocoPhillips from $144.00 to $148.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Wells Fargo & Company lowered their price objective on shares of ConocoPhillips from $132.00 to $128.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. JPMorgan Chase & Co. raised shares of ConocoPhillips from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $120.00 to $123.00 in a research note on Thursday, December 5th. Finally, The Goldman Sachs Group set a $132.00 price target on ConocoPhillips in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $133.47.

ConocoPhillips Stock Up 1.8 %

Shares of NYSE:COP opened at $99.12 on Friday. The business’s 50-day moving average is $100.19 and its 200-day moving average is $105.08. ConocoPhillips has a 1 year low of $94.23 and a 1 year high of $135.18. The company has a market capitalization of $126.12 billion, a price-to-earnings ratio of 12.72, a P/E/G ratio of 0.79 and a beta of 1.18. 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 (NYSE:COP) last posted its quarterly 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 return on equity of 17.26% and a net margin of 16.23%. Equities research analysts predict that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 3.15%. The ex-dividend date is Friday, February 14th. ConocoPhillips’s dividend payout ratio (DPR) is currently 40.05%.

Insiders Place Their Bets

In other news, Director Arjun N. Murti purchased 2,500 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were bought at an average cost of $95.87 per share, with a total value of $239,675.00. Following the completion of the transaction, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director R A. Walker bought 10,400 shares of ConocoPhillips stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average cost of $97.80 per share, with a total value of $1,017,120.00. Following the completion of the acquisition, the director now owns 38,000 shares of the company’s stock, 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. Corporate insiders own 0.34% of the company’s stock.

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.