Everpar Advisors LLC Has $281,000 Stock Holdings in ConocoPhillips (NYSE:COP)

Everpar Advisors LLC decreased its holdings in ConocoPhillips (NYSE:COP) by 20.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,832 shares of the energy producer’s stock after selling 719 shares during the period. Everpar Advisors LLC’s holdings in ConocoPhillips were worth $281,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in COP. Tompkins Financial Corp raised its stake in ConocoPhillips by 14.4% in the 4th quarter. Tompkins Financial Corp now owns 3,992 shares of the energy producer’s stock valued at $396,000 after acquiring an additional 503 shares during the period. RDA Financial Network raised its position in shares of ConocoPhillips by 9.3% in the fourth quarter. RDA Financial Network now owns 2,476 shares of the energy producer’s stock valued at $246,000 after purchasing an additional 210 shares during the period. Hennessy Advisors Inc. lifted its stake in shares of ConocoPhillips by 17.0% during the 4th quarter. Hennessy Advisors Inc. now owns 36,324 shares of the energy producer’s stock worth $3,602,000 after buying an additional 5,279 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in shares of ConocoPhillips by 12.4% during the 4th quarter. Ritholtz Wealth Management now owns 29,358 shares of the energy producer’s stock worth $2,911,000 after buying an additional 3,232 shares during the period. Finally, Carnegie Investment Counsel grew its stake in ConocoPhillips by 127.4% in the 4th quarter. Carnegie Investment Counsel now owns 17,105 shares of the energy producer’s stock valued at $1,696,000 after buying an additional 9,583 shares during the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on COP. BMO Capital Markets boosted their price objective on ConocoPhillips from $123.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Wells Fargo & Company lowered their price objective on ConocoPhillips from $134.00 to $132.00 and set an “overweight” rating on the stock in a research report on Tuesday. Scotiabank reduced their target price on shares of ConocoPhillips from $120.00 to $115.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Evercore ISI reaffirmed an “outperform” rating and set a $165.00 price target on shares of ConocoPhillips in a research report on Friday, December 6th. Finally, Morgan Stanley initiated coverage on shares of ConocoPhillips in a report on Monday, December 16th. They issued an “overweight” rating and a $128.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $136.00.

Insider Activity at ConocoPhillips

In other news, Director R A. Walker acquired 10,400 shares of the stock in a transaction dated Tuesday, December 17th. The stock was bought at an average price of $97.80 per share, with a total value of $1,017,120.00. Following the completion of the purchase, the director now directly owns 38,000 shares of the company’s stock, valued at $3,716,400. This represents a 37.68 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Arjun N. Murti acquired 2,500 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was acquired at an average price of $95.87 per share, with a total value of $239,675.00. Following the acquisition, the director now owns 21,500 shares in the company, valued at $2,061,205. The trade was 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 Trading Up 0.1 %

Shares of COP stock opened at $105.76 on Friday. ConocoPhillips has a fifty-two week low of $94.23 and a fifty-two week high of $135.18. The stock’s fifty day moving average price is $103.91 and its two-hundred day moving average price is $107.53. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.16 and a current ratio of 1.30. The company has a market cap of $121.72 billion, a PE ratio of 12.58, a P/E/G ratio of 0.81 and a beta of 1.19.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, October 31st. The energy producer reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.10. The business had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.97 billion. ConocoPhillips had a return on equity of 19.53% and a net margin of 17.29%. ConocoPhillips’s revenue was down 8.5% compared to the same quarter last year. During the same period last year, the firm posted $2.16 earnings per share. Equities analysts predict that ConocoPhillips will post 7.7 EPS for the current fiscal year.

ConocoPhillips Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 11th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.95%. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Friday, November 8th. ConocoPhillips’s dividend payout ratio is currently 37.10%.

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.