Strategic Blueprint LLC Acquires 3,035 Shares of ConocoPhillips (NYSE:COP)

Strategic Blueprint LLC lifted its holdings in shares of ConocoPhillips (NYSE:COP) by 50.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,045 shares of the energy producer’s stock after purchasing an additional 3,035 shares during the period. Strategic Blueprint LLC’s holdings in ConocoPhillips were worth $897,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Iams Wealth Management LLC grew its holdings in ConocoPhillips by 13.7% during the 4th quarter. Iams Wealth Management LLC now owns 20,702 shares of the energy producer’s stock worth $2,053,000 after acquiring an additional 2,499 shares during the last quarter. Smith Group Asset Management LLC acquired a new position in shares of ConocoPhillips during the fourth quarter worth approximately $283,000. Asset Dedication LLC grew its stake in shares of ConocoPhillips by 8.6% during the fourth quarter. Asset Dedication LLC now owns 4,564 shares of the energy producer’s stock valued at $453,000 after purchasing an additional 362 shares during the last quarter. R Squared Ltd acquired a new stake in shares of ConocoPhillips in the fourth quarter valued at approximately $552,000. Finally, DiNuzzo Private Wealth Inc. raised its position in ConocoPhillips by 310.1% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 365 shares of the energy producer’s stock worth $36,000 after purchasing an additional 276 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Stock Down 0.1 %

ConocoPhillips stock opened at $101.41 on Friday. The company has a 50 day moving average of $102.29 and a 200-day moving average of $106.86. The company has a quick ratio of 1.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. ConocoPhillips has a twelve month low of $94.23 and a twelve month high of $135.18. The stock has a market capitalization of $116.71 billion, a PE ratio of 12.06, a price-to-earnings-growth ratio of 0.86 and a beta of 1.19.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, October 31st. The energy producer reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.10. ConocoPhillips had a return on equity of 19.53% and a net margin of 17.29%. The firm had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.97 billion. During the same quarter in the prior year, the company earned $2.16 EPS. The company’s revenue was down 8.5% on a year-over-year basis. On average, equities research analysts anticipate that ConocoPhillips will post 7.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on COP shares. Piper Sandler decreased their price objective on ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. TD Cowen assumed coverage on ConocoPhillips in a report on Friday, January 17th. They issued a “buy” rating and a $125.00 price target on the stock. Wells Fargo & Company dropped their price objective on ConocoPhillips from $134.00 to $132.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Raymond James raised their target price on shares of ConocoPhillips from $148.00 to $157.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Truist Financial boosted their price target on shares of ConocoPhillips from $138.00 to $139.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $135.89.

Insider Transactions at ConocoPhillips

In other ConocoPhillips news, Director R A. Walker bought 10,400 shares of ConocoPhillips stock in a transaction that occurred on Tuesday, December 17th. The stock was acquired 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 owns 38,000 shares of the company’s stock, valued at $3,716,400. This trade represents a 37.68 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Arjun N. Murti purchased 2,500 shares of the stock in a transaction on Friday, December 20th. The stock was acquired at an average price of $95.87 per share, for a total transaction of $239,675.00. Following the completion of the purchase, the director now directly owns 21,500 shares in the company, valued at approximately $2,061,205. The trade was 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.

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.