ConocoPhillips (NYSE:COP) Shares Sold by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC lowered its position in ConocoPhillips (NYSE:COP) by 0.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 41,189 shares of the energy producer’s stock after selling 389 shares during the quarter. Quotient Wealth Partners LLC’s holdings in ConocoPhillips were worth $4,085,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. AMF Tjanstepension AB lifted 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 worth $122,628,000 after purchasing an additional 52,334 shares during the period. Brookstone Capital Management lifted its stake in shares of ConocoPhillips by 12.7% in the 3rd quarter. Brookstone Capital Management now owns 8,472 shares of the energy producer’s stock worth $892,000 after acquiring an additional 957 shares during the period. CWM LLC boosted its holdings in shares of ConocoPhillips by 6.4% in the third quarter. CWM LLC now owns 46,650 shares of the energy producer’s stock valued at $4,911,000 after acquiring an additional 2,805 shares in the last quarter. Independence Bank of Kentucky increased its stake in shares of ConocoPhillips by 5.2% during the third quarter. Independence Bank of Kentucky now owns 6,808 shares of the energy producer’s stock valued at $717,000 after acquiring an additional 338 shares during the period. Finally, HCR Wealth Advisors lifted its position in ConocoPhillips by 0.8% in the third quarter. HCR Wealth Advisors now owns 35,882 shares of the energy producer’s stock worth $3,778,000 after purchasing an additional 280 shares during the period. Institutional investors own 82.36% of the company’s stock.

Insider Buying and Selling

In related news, Director Arjun N. Murti acquired 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 owns 21,500 shares in the company, valued at $2,061,205. This trade represents a 13.16 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director R A. Walker bought 10,400 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were purchased at an average cost of $97.80 per share, for a total transaction of $1,017,120.00. Following the completion of the transaction, 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. 0.34% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. upgraded ConocoPhillips from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $120.00 to $123.00 in a report on Thursday, December 5th. Raymond James raised their price objective on shares of ConocoPhillips from $148.00 to $157.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. Wells Fargo & Company dropped their target price on shares of ConocoPhillips from $134.00 to $132.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. TD Cowen began coverage on shares of ConocoPhillips in a report on Friday, January 17th. They set a “buy” rating and a $125.00 target price for the company. Finally, Piper Sandler dropped their price target on ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, ConocoPhillips currently has a consensus rating of “Buy” and a consensus target price of $135.89.

ConocoPhillips Trading Down 1.6 %

Shares of COP stock opened at $98.34 on Friday. The business’s 50 day moving average is $101.05 and its two-hundred day moving average is $106.18. The company has a quick ratio of 1.16, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. ConocoPhillips has a 12 month low of $94.23 and a 12 month high of $135.18. The company has a market cap of $113.18 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 0.77 and a beta of 1.18.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, topping the consensus estimate of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. Equities analysts predict that ConocoPhillips will post 8.3 EPS for the current year.

ConocoPhillips Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be paid a $0.78 dividend. The ex-dividend date is Friday, February 14th. This represents a $3.12 annualized dividend and a dividend yield of 3.17%. ConocoPhillips’s payout ratio is 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.