Savant Capital LLC Has $4.70 Million Position in ConocoPhillips (NYSE:COP)

Savant Capital LLC lifted its stake in shares of ConocoPhillips (NYSE:COP) by 38.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,405 shares of the energy producer’s stock after purchasing an additional 13,199 shares during the quarter. Savant Capital LLC’s holdings in ConocoPhillips were worth $4,701,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Angeles Wealth Management LLC increased its holdings in shares of ConocoPhillips by 13.1% during the fourth quarter. Angeles Wealth Management LLC now owns 8,994 shares of the energy producer’s stock worth $892,000 after buying an additional 1,040 shares in the last quarter. Tevis Investment Management grew its position in ConocoPhillips by 24.3% during the 4th quarter. Tevis Investment Management now owns 2,782 shares of the energy producer’s stock worth $276,000 after acquiring an additional 544 shares during the last quarter. Legacy Financial Strategies LLC increased its holdings in ConocoPhillips by 11.4% in the 4th quarter. Legacy Financial Strategies LLC now owns 2,533 shares of the energy producer’s stock worth $253,000 after purchasing an additional 259 shares in the last quarter. Newbridge Financial Services Group Inc. raised its position in ConocoPhillips by 1,406.9% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 1,085 shares of the energy producer’s stock valued at $108,000 after purchasing an additional 1,013 shares during the last quarter. Finally, Stephens Inc. AR boosted its stake in shares of ConocoPhillips by 0.4% during the fourth quarter. Stephens Inc. AR now owns 60,998 shares of the energy producer’s stock valued at $6,049,000 after purchasing an additional 260 shares in the last quarter. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Stock Up 2.3 %

ConocoPhillips stock opened at $101.72 on Wednesday. The company has a market capitalization of $117.08 billion, a PE ratio of 13.06, a PEG ratio of 0.77 and a beta of 1.18. ConocoPhillips has a 12-month low of $94.23 and a 12-month high of $135.18. The firm’s fifty day moving average is $100.91 and its 200 day moving average is $106.03. 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 (NYSE:COP) last announced its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 earnings per share for the quarter, beating 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%. As a group, sell-side analysts predict that ConocoPhillips will post 8.3 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $3.12 annualized dividend and a dividend yield of 3.07%. ConocoPhillips’s dividend payout ratio is 40.05%.

Analysts Set New Price Targets

Several research firms have recently issued reports on COP. Raymond James downgraded ConocoPhillips from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the company from $157.00 to $124.00 in a research note on Monday. Piper Sandler decreased their price target on shares of ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. TD Cowen started coverage on shares of ConocoPhillips in a report on Friday, January 17th. They set a “buy” rating and a $125.00 price target on the stock. Evercore ISI reissued an “outperform” rating and issued a $165.00 price objective on shares of ConocoPhillips in a research note on Friday, December 6th. Finally, Morgan Stanley initiated coverage on ConocoPhillips in a research report on Monday, December 16th. They set an “overweight” rating and a $128.00 target price for the company. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $133.72.

Insider Transactions at ConocoPhillips

In related news, Director R A. Walker bought 10,400 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were bought at an average price of $97.80 per share, for a total transaction of $1,017,120.00. Following the completion of the acquisition, the director now directly owns 38,000 shares of the company’s stock, valued at $3,716,400. This trade represents a 37.68 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Arjun N. Murti purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were bought at an average price of $95.87 per share, with a total value of $239,675.00. Following the acquisition, the director now directly owns 21,500 shares of the company’s stock, valued at $2,061,205. This represents a 13.16 % increase in their position. The disclosure for this purchase can be found here. 0.34% of the stock is owned by insiders.

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.