Accurate Wealth Management LLC Has $1.25 Million Position in ConocoPhillips (NYSE:COP)

Accurate Wealth Management LLC grew its holdings in ConocoPhillips (NYSE:COP – Get Rating) by 75.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,608 shares of the energy producer’s stock after purchasing an additional 4,565 shares during the quarter. Accurate Wealth Management LLC’s holdings in ConocoPhillips were worth $1,253,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Whalerock Point Partners LLC acquired a new stake in shares of ConocoPhillips in the third quarter valued at about $204,680,000. Semmax Financial Advisors Inc. bought a new stake in shares of ConocoPhillips in the third quarter valued at about $33,000. Delos Wealth Advisors LLC lifted its stake in shares of ConocoPhillips by 102.0% in the third quarter. Delos Wealth Advisors LLC now owns 297 shares of the energy producer’s stock valued at $30,000 after buying an additional 150 shares during the period. Phocas Financial Corp. bought a new stake in shares of ConocoPhillips in the fourth quarter valued at about $35,000. Finally, Activest Wealth Management lifted its stake in shares of ConocoPhillips by 30,200.0% in the third quarter. Activest Wealth Management now owns 303 shares of the energy producer’s stock valued at $31,000 after buying an additional 302 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips Price Performance

Shares of ConocoPhillips stock traded down $2.01 during midday trading on Friday, reaching $94.39. The company had a trading volume of 17,056,186 shares, compared to its average volume of 6,760,684. The company has a current ratio of 1.46, a quick ratio of 1.36 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $115.04 billion, a price-to-earnings ratio of 6.51, a price-to-earnings-growth ratio of 0.51 and a beta of 1.29. The stock has a fifty day simple moving average of $111.37 and a 200 day simple moving average of $115.69. ConocoPhillips has a 1-year low of $78.30 and a 1-year high of $138.49.

ConocoPhillips (NYSE:COP – Get Rating) last issued its quarterly earnings results on Thursday, February 2nd. The energy producer reported $2.71 earnings per share for the quarter, missing analysts’ consensus estimates of $2.72 by ($0.01). The company had revenue of $19.26 billion during the quarter, compared to analyst estimates of $18.16 billion. ConocoPhillips had a net margin of 22.74% and a return on equity of 35.30%. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.27 EPS. As a group, equities research analysts forecast that ConocoPhillips will post 11.79 earnings per share for the current year.

ConocoPhillips Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Wednesday, March 29th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Tuesday, March 28th. ConocoPhillips’s dividend payout ratio is currently 14.06%.

Insider Activity at ConocoPhillips

In related news, Director R A. Walker purchased 4,800 shares of the stock in a transaction that occurred on Wednesday, February 22nd. The stock was acquired at an average price of $103.00 per share, with a total value of $494,400.00. Following the completion of the acquisition, the director now directly owns 27,600 shares in the company, valued at approximately $2,842,800. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Capital One Financial cut shares of ConocoPhillips from an “overweight” rating to an “equal weight” rating and set a $102.00 target price for the company. in a research note on Friday, February 3rd. Wolfe Research cut shares of ConocoPhillips from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 12th. Piper Sandler increased their target price on shares of ConocoPhillips from $155.00 to $157.00 and gave the company an “overweight” rating in a research note on Monday, December 19th. Societe Generale cut shares of ConocoPhillips from a “hold” rating to a “sell” rating and raised their price target for the stock from $106.00 to $114.00 in a research note on Monday, November 21st. They noted that the move was a valuation call. Finally, Raymond James cut their price target on shares of ConocoPhillips from $150.00 to $135.00 and set a “strong-buy” rating for the company in a research note on Thursday, January 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.86.

ConocoPhillips Company Profile

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ConocoPhillips engages in the exploration, production, transportation and marketing of crude oil, bitumen, natural gas, natural gas liquids, and liquefied natural gas on a worldwide basis. It operates through the following geographical segments: Alaska, Lower 48, Canada, Europe, Middle East and North Africa, Asia Pacific, and Other International.