ConocoPhillips (NYSE:COP) Shares Bought by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. boosted its position in shares of ConocoPhillips (NYSE:COP) by 60.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 919 shares of the energy producer’s stock after buying an additional 345 shares during the quarter. GHP Investment Advisors Inc.’s holdings in ConocoPhillips were worth $107,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in COP. Orion Capital Management LLC acquired a new stake in shares of ConocoPhillips in the third quarter valued at about $27,000. West Branch Capital LLC lifted its stake in shares of ConocoPhillips by 87.8% in the fourth quarter. West Branch Capital LLC now owns 231 shares of the energy producer’s stock worth $27,000 after buying an additional 108 shares in the last quarter. RVW Wealth LLC purchased a new position in shares of ConocoPhillips in the third quarter worth about $28,000. Fairfield Bush & CO. purchased a new position in shares of ConocoPhillips in the first quarter worth about $31,000. Finally, Oliver Lagore Vanvalin Investment Group lifted its stake in shares of ConocoPhillips by 63.1% in the third quarter. Oliver Lagore Vanvalin Investment Group now owns 287 shares of the energy producer’s stock worth $34,000 after buying an additional 111 shares in the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

Insider Transactions at ConocoPhillips

In related news, SVP Heather G. Hrap sold 4,548 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $110.55, for a total value of $502,781.40. Following the completion of the sale, the senior vice president now owns 2,654 shares in the company, valued at approximately $293,399.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, VP Christopher P. Delk sold 8,505 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $112.06, for a total value of $953,070.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Heather G. Hrap sold 4,548 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $110.55, for a total transaction of $502,781.40. Following the completion of the sale, the senior vice president now owns 2,654 shares of the company’s stock, valued at approximately $293,399.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 700,775 shares of company stock worth $87,615,169. 0.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on COP shares. Scotiabank raised their price target on shares of ConocoPhillips from $120.00 to $135.00 and gave the stock a “sector perform” rating in a research note on Thursday. Piper Sandler decreased their price target on shares of ConocoPhillips from $139.00 to $133.00 and set an “overweight” rating on the stock in a research note on Thursday, March 14th. Susquehanna reduced their target price on shares of ConocoPhillips from $152.00 to $133.00 and set a “positive” rating on the stock in a research note on Friday, January 26th. Mizuho reaffirmed a “neutral” rating and set a $139.00 target price (up from $132.00) on shares of ConocoPhillips in a research note on Friday, March 22nd. Finally, Barclays started coverage on shares of ConocoPhillips in a research note on Wednesday. They set an “overweight” rating and a $158.00 target price on the stock. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.59.

ConocoPhillips Stock Down 1.3 %

Shares of NYSE:COP opened at $131.20 on Friday. The company has a market capitalization of $154.34 billion, a PE ratio of 14.48, a P/E/G ratio of 2.85 and a beta of 1.24. The company has a current ratio of 1.43, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36. ConocoPhillips has a twelve month low of $95.70 and a twelve month high of $135.18. The firm has a 50 day simple moving average of $118.84 and a 200-day simple moving average of $116.85.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, February 8th. The energy producer reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.32. The business had revenue of $15.31 billion during the quarter, compared to the consensus estimate of $14.47 billion. ConocoPhillips had a net margin of 18.71% and a return on equity of 22.08%. During the same quarter in the previous year, the firm earned $2.71 EPS. On average, equities analysts predict that ConocoPhillips will post 9.21 EPS for the current fiscal year.

ConocoPhillips Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 19th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.38%. The ex-dividend date was Thursday, February 15th. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.58. ConocoPhillips’s payout ratio is currently 25.61%.

ConocoPhillips 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.