ConocoPhillips (NYSE:COP) Shares Purchased by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC boosted its holdings in shares of ConocoPhillips (NYSE:COP) by 59.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 118,287 shares of the energy producer’s stock after buying an additional 43,932 shares during the period. Steward Partners Investment Advisory LLC’s holdings in ConocoPhillips were worth $11,730,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC increased its holdings in ConocoPhillips by 19.2% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 6,090 shares of the energy producer’s stock worth $636,000 after purchasing an additional 980 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of ConocoPhillips by 2.0% during the third quarter. Janney Montgomery Scott LLC now owns 297,777 shares of the energy producer’s stock worth $31,350,000 after buying an additional 5,783 shares during the period. Harbor Capital Advisors Inc. lifted its stake in ConocoPhillips by 18.1% in the third quarter. Harbor Capital Advisors Inc. now owns 1,648 shares of the energy producer’s stock worth $174,000 after acquiring an additional 253 shares during the last quarter. Intact Investment Management Inc. acquired a new position in ConocoPhillips during the 3rd quarter worth approximately $5,259,000. Finally, Quintet Private Bank Europe S.A. raised its holdings in shares of ConocoPhillips by 14.2% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 1,283 shares of the energy producer’s stock valued at $135,000 after purchasing an additional 160 shares in the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Piper Sandler lowered their target price on shares of ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. TD Cowen initiated coverage on ConocoPhillips in a report on Friday, January 17th. They issued a “buy” rating and a $125.00 price objective on the stock. Morgan Stanley began coverage on ConocoPhillips in a research report on Monday, December 16th. They set an “overweight” rating and a $128.00 target price on the stock. Barclays dropped their price target on shares of ConocoPhillips from $137.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Finally, Raymond James downgraded shares of ConocoPhillips from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $157.00 to $124.00 in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $133.47.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, Director R A. Walker bought 10,400 shares of ConocoPhillips stock in a transaction on Tuesday, December 17th. The stock was bought at an average price 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 in the company, valued at $3,716,400. The trade was a 37.68 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Arjun N. Murti purchased 2,500 shares of the stock in a transaction dated Friday, December 20th. The shares were bought 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 in the company, valued at approximately $2,061,205. This trade represents a 13.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.34% of the stock is owned by corporate insiders.

ConocoPhillips Trading Down 2.2 %

Shares of COP stock opened at $90.62 on Wednesday. The company has a market capitalization of $115.31 billion, a P/E ratio of 11.63, a price-to-earnings-growth ratio of 0.79 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. The business’s 50 day moving average is $99.99 and its two-hundred day moving average is $104.75. ConocoPhillips has a twelve month low of $88.47 and a twelve month high of $135.18.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 earnings per share 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%. Equities analysts forecast that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The company 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. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a yield of 3.44%. ConocoPhillips’s payout ratio is currently 40.05%.

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.