Compound Planning Inc. Has $1.78 Million Stock Position in ConocoPhillips $COP

Compound Planning Inc. raised its holdings in ConocoPhillips (NYSE:COP) by 45.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,865 shares of the energy producer’s stock after purchasing an additional 5,936 shares during the quarter. Compound Planning Inc.’s holdings in ConocoPhillips were worth $1,784,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Howard Hughes Medical Institute bought a new stake in shares of ConocoPhillips during the 2nd quarter worth $25,000. Cloud Capital Management LLC bought a new position in shares of ConocoPhillips in the third quarter worth about $26,000. Cedar Mountain Advisors LLC lifted its holdings in shares of ConocoPhillips by 58.0% in the third quarter. Cedar Mountain Advisors LLC now owns 316 shares of the energy producer’s stock worth $30,000 after acquiring an additional 116 shares during the last quarter. BNP Paribas acquired a new stake in shares of ConocoPhillips in the 2nd quarter valued at approximately $33,000. Finally, Bfsg LLC bought a new stake in shares of ConocoPhillips during the 3rd quarter valued at approximately $36,000. Institutional investors own 82.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on COP shares. Johnson Rice downgraded shares of ConocoPhillips from an “accumulate” rating to a “hold” rating and dropped their price objective for the company from $108.00 to $105.00 in a research note on Friday, December 5th. Bank of America reiterated an “underperform” rating and set a $102.00 price target on shares of ConocoPhillips in a report on Friday, January 16th. Susquehanna increased their price target on ConocoPhillips from $115.00 to $121.00 and gave the company a “positive” rating in a research note on Friday, February 6th. Capital One Financial boosted their price objective on ConocoPhillips from $111.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 20th. Finally, Piper Sandler increased their target price on ConocoPhillips from $108.00 to $111.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $115.92.

ConocoPhillips Stock Performance

NYSE COP opened at $110.64 on Wednesday. The company has a market capitalization of $136.71 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 2.79 and a beta of 0.32. The company has a quick ratio of 1.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.35. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $113.80. The stock has a fifty day simple moving average of $100.60 and a 200 day simple moving average of $95.03.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, February 5th. The energy producer reported $1.02 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.21). The company had revenue of $13.86 billion for the quarter, compared to analyst estimates of $14.35 billion. ConocoPhillips had a return on equity of 11.90% and a net margin of 12.98%.The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.98 earnings per share. Sell-side analysts expect that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Wednesday, February 18th will be issued a $0.84 dividend. The ex-dividend date is Wednesday, February 18th. This represents a $3.36 annualized dividend and a yield of 3.0%. ConocoPhillips’s dividend payout ratio is presently 53.00%.

Insiders Place Their Bets

In other ConocoPhillips news, CEO Ryan Michael Lance sold 500,708 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $92.50, for a total transaction of $46,315,490.00. Following the completion of the transaction, the chief executive officer owned 325,972 shares in the company, valued at approximately $30,152,410. This trade represents a 60.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.24% of the company’s stock.

ConocoPhillips Company Profile

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.