New Age Alpha Advisors LLC Acquires 94,810 Shares of ConocoPhillips (NYSE:COP)

New Age Alpha Advisors LLC grew its holdings in ConocoPhillips (NYSE:COP) by 129,876.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 94,883 shares of the energy producer’s stock after buying an additional 94,810 shares during the period. New Age Alpha Advisors LLC’s holdings in ConocoPhillips were worth $9,410,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Easterly Investment Partners LLC bought a new stake in ConocoPhillips during the fourth quarter worth approximately $7,007,000. BCO Wealth Management LLC purchased a new stake in ConocoPhillips during the 4th quarter valued at $316,000. LM Advisors LLC bought a new stake in ConocoPhillips in the fourth quarter worth $262,000. Homestead Advisers Corp increased its position in ConocoPhillips by 3.9% during the fourth quarter. Homestead Advisers Corp now owns 935,400 shares of the energy producer’s stock valued at $92,764,000 after acquiring an additional 35,200 shares during the last quarter. Finally, Howe & Rusling Inc. raised its stake in shares of ConocoPhillips by 13.3% in the fourth quarter. Howe & Rusling Inc. now owns 4,971 shares of the energy producer’s stock valued at $493,000 after acquiring an additional 582 shares during the period. 82.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on COP shares. Evercore ISI reissued an “outperform” rating and issued a $165.00 price objective on shares of ConocoPhillips in a research report on Friday, December 6th. UBS Group decreased their price target on ConocoPhillips from $140.00 to $137.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Truist Financial upped their price objective on ConocoPhillips from $138.00 to $139.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Morgan Stanley decreased their target price on ConocoPhillips from $131.00 to $126.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, TD Cowen initiated coverage on shares of ConocoPhillips in a report on Friday, January 17th. They issued a “buy” rating and a $125.00 price target on the stock. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $132.95.

ConocoPhillips Price Performance

Shares of COP opened at $102.86 on Friday. The company has a 50 day moving average of $99.02 and a two-hundred day moving average of $103.30. The company has a market cap of $130.87 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 0.79 and a beta of 1.12. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. ConocoPhillips has a twelve month low of $86.81 and a twelve month high of $135.18.

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

ConocoPhillips Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 3.03%. The ex-dividend date was Friday, February 14th. ConocoPhillips’s payout ratio is currently 40.05%.

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.