Courier Capital LLC Sells 15,945 Shares of ConocoPhillips (NYSE:COP)

Courier Capital LLC lowered its holdings in ConocoPhillips (NYSE:COP) by 44.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,544 shares of the energy producer’s stock after selling 15,945 shares during the period. Courier Capital LLC’s holdings in ConocoPhillips were worth $2,488,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA lifted its holdings in shares of ConocoPhillips by 0.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 27,672,104 shares of the energy producer’s stock worth $3,211,901,000 after acquiring an additional 108,956 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of ConocoPhillips by 24.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,712,617 shares of the energy producer’s stock worth $2,752,325,000 after acquiring an additional 4,726,952 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of ConocoPhillips by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 12,011,035 shares of the energy producer’s stock worth $1,394,162,000 after acquiring an additional 270,859 shares during the period. Ameriprise Financial Inc. lifted its stake in ConocoPhillips by 8.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,063,795 shares of the energy producer’s stock valued at $968,410,000 after purchasing an additional 659,632 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in ConocoPhillips by 2.8% in the 4th quarter. Fisher Asset Management LLC now owns 7,425,948 shares of the energy producer’s stock valued at $861,930,000 after purchasing an additional 204,714 shares during the last quarter. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Trading Up 0.3 %

Shares of COP traded up $0.39 during trading hours on Thursday, hitting $114.00. 3,846,496 shares of the stock were exchanged, compared to its average volume of 5,687,968. ConocoPhillips has a fifty-two week low of $99.35 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 business has a 50-day moving average of $118.87 and a 200-day moving average of $117.54. The firm has a market capitalization of $133.33 billion, a P/E ratio of 12.91, a price-to-earnings-growth ratio of 2.05 and a beta of 1.22.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, May 2nd. The energy producer reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.04. The business had revenue of $14.48 billion during the quarter, compared to analysts’ expectations of $14.72 billion. ConocoPhillips had a net margin of 18.40% and a return on equity of 20.85%. On average, research analysts expect that ConocoPhillips will post 8.89 EPS for the current year.

ConocoPhillips Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 13th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date was Friday, May 10th. ConocoPhillips’s payout ratio is 26.27%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on COP. Truist Financial increased their price objective on shares of ConocoPhillips from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, June 3rd. StockNews.com raised shares of ConocoPhillips from a “hold” rating to a “buy” rating in a research note on Thursday. Piper Sandler increased 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. Susquehanna increased their price objective on shares of ConocoPhillips from $133.00 to $154.00 and gave the company a “positive” rating in a research note on Monday, April 22nd. Finally, Bank of America reissued a “buy” rating and issued a $147.00 price objective on shares of ConocoPhillips in a research note on Friday, June 14th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $144.18.

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.