HUB Investment Partners LLC Has $3.25 Million Stock Holdings in ConocoPhillips (NYSE:COP)

HUB Investment Partners LLC boosted its holdings in shares of ConocoPhillips (NYSE:COP) by 23.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,774 shares of the energy producer’s stock after acquiring an additional 6,156 shares during the period. HUB Investment Partners LLC’s holdings in ConocoPhillips were worth $3,250,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Whittier Trust Co. lifted its holdings in ConocoPhillips by 1.7% during the fourth quarter. Whittier Trust Co. now owns 20,433 shares of the energy producer’s stock worth $2,026,000 after acquiring an additional 340 shares in the last quarter. OLD Point Trust & Financial Services N A boosted its holdings in shares of ConocoPhillips by 34.9% in the fourth quarter. OLD Point Trust & Financial Services N A now owns 103,109 shares of the energy producer’s stock valued at $10,225,000 after buying an additional 26,688 shares during the period. Viawealth LLC boosted its holdings in shares of ConocoPhillips by 0.9% in the fourth quarter. Viawealth LLC now owns 12,985 shares of the energy producer’s stock valued at $1,288,000 after buying an additional 115 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of ConocoPhillips by 8.8% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 275,049 shares of the energy producer’s stock valued at $27,277,000 after buying an additional 22,256 shares during the period. Finally, Berkeley Capital Partners LLC boosted its holdings in shares of ConocoPhillips by 79.2% in the fourth quarter. Berkeley Capital Partners LLC now owns 7,795 shares of the energy producer’s stock valued at $773,000 after buying an additional 3,445 shares during the period. 82.36% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other ConocoPhillips news, Director Arjun N. Murti bought 2,500 shares of the stock in a transaction on Friday, December 20th. The stock was purchased at an average price of $95.87 per share, with a total value of $239,675.00. Following the completion of the purchase, the director now owns 21,500 shares in the company, valued at $2,061,205. The trade was a 13.16 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Raymond James downgraded ConocoPhillips from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the stock from $157.00 to $124.00 in a report on Monday, February 10th. Barclays decreased their price objective on ConocoPhillips from $137.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Mizuho upgraded ConocoPhillips from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $132.00 to $134.00 in a report on Monday, December 16th. Wells Fargo & Company lowered their price target on shares of ConocoPhillips from $132.00 to $128.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Finally, Morgan Stanley began coverage on shares of ConocoPhillips in a research note on Monday, December 16th. They issued an “overweight” rating and a $128.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, ConocoPhillips has an average rating of “Moderate Buy” and an average target price of $133.05.

ConocoPhillips Stock Performance

NYSE COP opened at $101.33 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $128.93 billion, a P/E ratio of 13.01, a P/E/G ratio of 0.79 and a beta of 1.12. ConocoPhillips has a 12-month low of $86.81 and a 12-month high of $135.18. The firm has a 50-day moving average price of $99.19 and a two-hundred day moving average price of $103.54.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) 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%. Analysts anticipate that ConocoPhillips will post 8.16 earnings per share 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 paid 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 3.08%. ConocoPhillips’s dividend payout ratio (DPR) 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.