ConocoPhillips (NYSE:COP) Shares Sold by Wrapmanager Inc.

Wrapmanager Inc. lowered its position in shares of ConocoPhillips (NYSE:COP) by 6.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,681 shares of the energy producer’s stock after selling 254 shares during the quarter. Wrapmanager Inc.’s holdings in ConocoPhillips were worth $365,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of COP. Transcendent Capital Group LLC raised its stake in shares of ConocoPhillips by 88.3% during the fourth quarter. Transcendent Capital Group LLC now owns 2,441 shares of the energy producer’s stock valued at $242,000 after purchasing an additional 1,145 shares during the period. CWS Financial Advisors LLC boosted its holdings in ConocoPhillips by 4.0% in the fourth quarter. CWS Financial Advisors LLC now owns 4,008 shares of the energy producer’s stock worth $398,000 after purchasing an additional 154 shares during the period. Pine Valley Investments Ltd Liability Co grew its position in shares of ConocoPhillips by 9.8% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 8,525 shares of the energy producer’s stock valued at $845,000 after buying an additional 758 shares during the last quarter. BankPlus Trust Department bought a new stake in shares of ConocoPhillips in the 4th quarter worth approximately $608,000. Finally, Edge Capital Group LLC boosted its holdings in shares of ConocoPhillips by 3.2% during the fourth quarter. Edge Capital Group LLC now owns 20,898 shares of the energy producer’s stock valued at $2,072,000 after acquiring an additional 644 shares during the period. Institutional investors and hedge funds own 82.36% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on COP. Susquehanna boosted their price target on shares of ConocoPhillips from $144.00 to $148.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. UBS Group lowered their price objective on shares of ConocoPhillips from $140.00 to $137.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Truist Financial lifted their target price on ConocoPhillips from $138.00 to $139.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Raymond James downgraded ConocoPhillips from a “strong-buy” rating to an “outperform” rating and cut their price target for the stock from $157.00 to $124.00 in a research note on Monday, February 10th. Finally, TD Cowen initiated coverage on shares of ConocoPhillips in a research report on Friday, January 17th. They set a “buy” rating and a $125.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, ConocoPhillips currently has an average rating of “Moderate Buy” and a consensus target price of $133.47.

Insider Transactions at ConocoPhillips

In related news, Director R A. Walker purchased 10,400 shares of ConocoPhillips stock in a transaction 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 transaction, the director now directly owns 38,000 shares in the company, valued at $3,716,400. This represents a 37.68 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Arjun N. Murti acquired 2,500 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were purchased at an average price of $95.87 per share, for a total transaction of $239,675.00. Following the completion of the transaction, the director now directly 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 insiders.

ConocoPhillips Stock Up 0.9 %

Shares of NYSE:COP opened at $98.82 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14. The firm has a fifty day moving average price of $100.09 and a two-hundred day moving average price of $105.36. The company has a market cap of $125.73 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 0.79 and a beta of 1.18. ConocoPhillips has a one year low of $94.23 and a one year high of $135.18.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, topping analysts’ consensus estimates 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 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date is Friday, February 14th. ConocoPhillips’s dividend payout ratio (DPR) is presently 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.