ConocoPhillips (NYSE:COP) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. cut its stake in ConocoPhillips (NYSE:COP) by 6.6% during the 4th quarter, HoldingsChannel reports. The fund owned 121,958 shares of the energy producer’s stock after selling 8,559 shares during the period. D.A. Davidson & CO.’s holdings in ConocoPhillips were worth $12,095,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in COP. AMF Tjanstepension AB raised its holdings in ConocoPhillips by 4.7% in the third quarter. AMF Tjanstepension AB now owns 1,163,724 shares of the energy producer’s stock valued at $122,628,000 after acquiring an additional 52,334 shares in the last quarter. Vest Financial LLC raised its holdings in ConocoPhillips by 244.2% in the third quarter. Vest Financial LLC now owns 8,830 shares of the energy producer’s stock valued at $930,000 after acquiring an additional 6,265 shares in the last quarter. Whittier Trust Co. raised its holdings in ConocoPhillips by 3.1% in the third quarter. Whittier Trust Co. now owns 20,093 shares of the energy producer’s stock valued at $2,115,000 after acquiring an additional 596 shares in the last quarter. Foundations Investment Advisors LLC raised its holdings in ConocoPhillips by 2.1% in the third quarter. Foundations Investment Advisors LLC now owns 12,268 shares of the energy producer’s stock valued at $1,292,000 after acquiring an additional 256 shares in the last quarter. Finally, Home Federal Bank of Tennessee raised its holdings in ConocoPhillips by 1.8% in the third quarter. Home Federal Bank of Tennessee now owns 13,358 shares of the energy producer’s stock valued at $1,406,000 after acquiring an additional 235 shares in the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, Director Arjun N. Murti bought 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 acquisition, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, Director R A. Walker acquired 10,400 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average price of $97.80 per share, for a total transaction of $1,017,120.00. Following the acquisition, the director now directly owns 38,000 shares of the company’s stock, valued at $3,716,400. The trade was a 37.68 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.34% of the company’s stock.

ConocoPhillips Price Performance

Shares of NYSE COP opened at $97.35 on Wednesday. ConocoPhillips has a twelve month low of $94.23 and a twelve month high of $135.18. The company has a current ratio of 1.29, a quick ratio of 1.16 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $112.04 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 0.77 and a beta of 1.18. The firm has a 50-day moving average of $100.30 and a two-hundred day moving average of $105.61.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, beating 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, analysts expect that ConocoPhillips will post 8.3 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Friday, February 14th. ConocoPhillips’s dividend payout ratio is presently 40.05%.

Analyst Upgrades and Downgrades

COP has been the topic of several recent analyst reports. Barclays cut their price target on shares of ConocoPhillips from $137.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Susquehanna boosted their target price on shares of ConocoPhillips from $144.00 to $148.00 and gave the company a “positive” rating in a research note on Friday, November 1st. TD Cowen started coverage on shares of ConocoPhillips in a research note on Friday, January 17th. They set a “buy” rating and a $125.00 target price for the company. Truist Financial boosted their target price on shares of ConocoPhillips from $138.00 to $139.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Finally, Mizuho upgraded shares of ConocoPhillips from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $132.00 to $134.00 in a research note on Monday, December 16th. Two investment 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $133.56.

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.