Everpar Advisors LLC Purchases Shares of 2,428 ConocoPhillips (NYSE:COP)

Everpar Advisors LLC purchased a new stake in ConocoPhillips (NYSE:COP) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,428 shares of the energy producer’s stock, valued at approximately $282,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Patrick M Sweeney & Associates Inc. bought a new stake in ConocoPhillips in the 4th quarter valued at $255,000. Charles Schwab Investment Management Inc. boosted its holdings in ConocoPhillips by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,623,535 shares of the energy producer’s stock valued at $768,782,000 after purchasing an additional 150,945 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in ConocoPhillips by 28.3% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 10,709 shares of the energy producer’s stock valued at $1,243,000 after purchasing an additional 2,360 shares during the period. Apollon Wealth Management LLC raised its stake in shares of ConocoPhillips by 98.6% in the 4th quarter. Apollon Wealth Management LLC now owns 24,510 shares of the energy producer’s stock valued at $2,845,000 after buying an additional 12,170 shares in the last quarter. Finally, Fielder Capital Group LLC acquired a new position in shares of ConocoPhillips in the 4th quarter valued at $591,000. 82.36% of the stock is owned by institutional investors.

ConocoPhillips Trading Down 0.4 %

Shares of NYSE COP traded down $0.48 during midday trading on Wednesday, hitting $123.06. The stock had a trading volume of 4,170,122 shares, compared to its average volume of 5,355,125. ConocoPhillips has a fifty-two week low of $97.42 and a fifty-two week high of $135.18. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.35 and a quick ratio of 1.21. The firm has a market cap of $143.92 billion, a P/E ratio of 13.94, a price-to-earnings-growth ratio of 2.69 and a beta of 1.25. The company’s 50-day simple moving average is $124.31 and its 200 day simple moving average is $117.59.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, February 8th. The energy producer reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.32. ConocoPhillips had a return on equity of 20.85% and a net margin of 18.40%. The business had revenue of $15.31 billion for the quarter, compared to analyst estimates of $14.47 billion. During the same period last year, the company earned $2.71 EPS. Research analysts anticipate that ConocoPhillips will post 9.1 EPS for the current year.

ConocoPhillips Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 13th will be given a $0.78 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $3.12 annualized dividend and a dividend yield of 2.54%. ConocoPhillips’s dividend payout ratio is currently 26.27%.

Analyst Upgrades and Downgrades

COP has been the subject of a number of recent research reports. Truist Financial dropped their price objective on shares of ConocoPhillips from $170.00 to $160.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Raymond James dropped their price objective on shares of ConocoPhillips from $140.00 to $137.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 24th. Piper Sandler lifted their price target on shares of ConocoPhillips from $145.00 to $157.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. UBS Group upped their price objective on shares of ConocoPhillips from $138.00 to $143.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Finally, Scotiabank raised their price target on ConocoPhillips from $120.00 to $135.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $142.76.

Insider Transactions at ConocoPhillips

In other news, EVP Nicholas G. Olds sold 12,150 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $126.44, for a total value of $1,536,246.00. Following the transaction, the executive vice president now directly owns 14,522 shares in the company, valued at approximately $1,836,161.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other ConocoPhillips news, EVP Nicholas G. Olds sold 12,150 shares of ConocoPhillips stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $126.44, for a total transaction of $1,536,246.00. Following the transaction, the executive vice president now directly owns 14,522 shares in the company, valued at $1,836,161.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Christopher P. Delk sold 8,505 shares of ConocoPhillips stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $112.06, for a total value of $953,070.30. The disclosure for this sale can be found here. Insiders have sold 700,775 shares of company stock worth $87,615,169 in the last three months. Insiders own 0.34% of the company’s stock.

ConocoPhillips Company 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.