ConocoPhillips (NYSE:COP) Shares Purchased by Catalyst Financial Partners LLC

Catalyst Financial Partners LLC boosted its holdings in shares of ConocoPhillips (NYSE:COP) by 6.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,203 shares of the energy producer’s stock after buying an additional 269 shares during the quarter. Catalyst Financial Partners LLC’s holdings in ConocoPhillips were worth $488,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Sloy Dahl & Holst LLC grew its holdings in ConocoPhillips by 3.3% in the third quarter. Sloy Dahl & Holst LLC now owns 2,629 shares of the energy producer’s stock valued at $315,000 after purchasing an additional 85 shares during the last quarter. KLCM Advisors Inc. lifted its position in shares of ConocoPhillips by 2.8% in the third quarter. KLCM Advisors Inc. now owns 3,305 shares of the energy producer’s stock valued at $396,000 after acquiring an additional 89 shares in the last quarter. Evergreen Capital Management LLC boosted its stake in shares of ConocoPhillips by 0.5% during the third quarter. Evergreen Capital Management LLC now owns 18,944 shares of the energy producer’s stock valued at $2,270,000 after acquiring an additional 89 shares during the last quarter. Endowment Wealth Management Inc. increased its position in ConocoPhillips by 4.6% during the 3rd quarter. Endowment Wealth Management Inc. now owns 2,055 shares of the energy producer’s stock worth $246,000 after purchasing an additional 90 shares in the last quarter. Finally, Your Advocates Ltd. LLP raised its position in shares of ConocoPhillips by 2.9% in the third quarter. Your Advocates Ltd. LLP now owns 3,340 shares of the energy producer’s stock valued at $400,000 after buying an additional 93 shares during the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Nicholas G. Olds sold 12,150 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 14,522 shares of the company’s stock, valued at approximately $1,836,161.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other ConocoPhillips news, SVP Heather G. Hrap sold 4,548 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $110.55, for a total value of $502,781.40. Following the sale, the senior vice president now directly owns 2,654 shares in the company, valued at $293,399.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Nicholas G. Olds sold 12,150 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were 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 owns 14,522 shares of the company’s stock, valued at approximately $1,836,161.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 700,775 shares of company stock worth $87,615,169. Insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Raymond James lowered their price target on ConocoPhillips from $140.00 to $137.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 24th. Piper Sandler boosted their price objective on shares of ConocoPhillips from $145.00 to $157.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Morgan Stanley increased their target price on ConocoPhillips from $123.00 to $129.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Truist Financial dropped their price target on ConocoPhillips from $170.00 to $160.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Finally, Scotiabank lifted their price objective on ConocoPhillips from $120.00 to $135.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $142.76.

ConocoPhillips Stock Performance

Shares of ConocoPhillips stock traded up $0.37 during trading hours on Thursday, reaching $123.43. The company’s stock had a trading volume of 5,430,489 shares, compared to its average volume of 5,355,957. ConocoPhillips has a one year low of $97.42 and a one year high of $135.18. The company’s 50 day simple moving average is $124.53 and its 200 day simple moving average is $117.63. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.21 and a current ratio of 1.35. The stock has a market cap of $144.36 billion, a P/E ratio of 13.97, a price-to-earnings-growth ratio of 2.69 and a beta of 1.25.

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

ConocoPhillips Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 13th will be issued a $0.78 dividend. The ex-dividend date is Friday, May 10th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.53%. ConocoPhillips’s dividend payout ratio (DPR) is presently 26.27%.

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.