Impact Partnership Wealth LLC Has $546,000 Stock Holdings in ConocoPhillips $COP

Impact Partnership Wealth LLC trimmed its holdings in shares of ConocoPhillips (NYSE:COP) by 60.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,769 shares of the energy producer’s stock after selling 8,797 shares during the quarter. Impact Partnership Wealth LLC’s holdings in ConocoPhillips were worth $546,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of COP. Howard Hughes Medical Institute acquired a new position in ConocoPhillips in the second quarter valued at about $25,000. Cloud Capital Management LLC bought a new stake in shares of ConocoPhillips during the 3rd quarter valued at approximately $26,000. Bogart Wealth LLC grew its stake in shares of ConocoPhillips by 136.8% during the second quarter. Bogart Wealth LLC now owns 315 shares of the energy producer’s stock worth $28,000 after buying an additional 182 shares during the last quarter. Activest Wealth Management grew its position in ConocoPhillips by 249.5% during the 2nd quarter. Activest Wealth Management now owns 325 shares of the energy producer’s stock worth $29,000 after acquiring an additional 232 shares during the last quarter. Finally, Cedar Mountain Advisors LLC grew its holdings in shares of ConocoPhillips by 58.0% during the third quarter. Cedar Mountain Advisors LLC now owns 316 shares of the energy producer’s stock worth $30,000 after purchasing an additional 116 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

Trending Headlines about ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Federal judge cleared ConocoPhillips to proceed with its winter drilling program in Alaska, reducing near-term legal uncertainty that could have delayed production and spending. Federal judge rules that ConocoPhillips can proceed with winter drilling program
• Positive Sentiment: Regulatory clearance was echoed in coverage that a judge “green-lit” COP’s Alaska drilling program, further lowering execution risk for Arctic activity. Judge green-lights ConocoPhillips Alaska oil drilling program
• Positive Sentiment: Geopolitical risk has pushed oil prices higher (Iran/strait-of-Hormuz concerns), which benefits integrated E&P names like ConocoPhillips through stronger commodity realizations and cash flow. Oil Rallies On Iran War Fears – 5 Integrated Energy Giants With Big Dividends
• Neutral Sentiment: ConocoPhillips says its plans for four new Arctic wells are unaffected by the toppled rig, which suggests management expects limited near-term disruption to the development schedule. ConocoPhillips’ plans for 4 new Arctic wells unaffected by toppled rig, company says
• Neutral Sentiment: Coverage notes the company called the Doyon rig destruction “a sad day” but downplayed major impacts; investors should watch for official damage/insurance updates. ConocoPhillips execs call Doyon oil rig destruction a ‘sad day,’ but no major impacts expected
• Negative Sentiment: An Arctic rig toppled and ignited a fire — an operational and reputational risk that could lead to added costs, regulatory scrutiny or delays if follow-up inspections or litigation arise. Monitor incident reports and any updates from regulators. As an Oil Rig Topples in the Alaskan Arctic and Ignites a Fire, Exploration There Continues
• Negative Sentiment: Analysts expect a year-over-year earnings decline for the upcoming quarter, which could cap near-term upside if results miss expectations or guidance is cautious. Analysts Estimate ConocoPhillips (COP) to Report a Decline in Earnings: What to Look Out for

Insiders Place Their Bets

In related news, CEO Ryan Michael Lance sold 500,708 shares of the firm’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $92.50, for a total transaction of $46,315,490.00. Following the transaction, the chief executive officer directly owned 325,972 shares of the company’s stock, valued at approximately $30,152,410. This trade represents a 60.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William H. Mcraven acquired 5,768 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was acquired at an average cost of $86.68 per share, with a total value of $499,970.24. Following the purchase, the director directly owned 5,768 shares in the company, valued at $499,970.24. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. 0.24% of the stock is owned by corporate insiders.

ConocoPhillips Stock Performance

ConocoPhillips stock opened at $104.25 on Friday. The firm has a market capitalization of $128.82 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 3.26 and a beta of 0.32. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $106.20. The firm’s 50 day simple moving average is $94.70 and its 200 day simple moving average is $93.25. The company has a current ratio of 1.32, a quick ratio of 1.18 and a debt-to-equity ratio of 0.35.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, November 6th. The energy producer reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.20. The company had revenue of $15.03 billion during the quarter, compared to analyst estimates of $14.51 billion. ConocoPhillips had a return on equity of 13.64% and a net margin of 14.25%.The firm’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the company earned $1.78 earnings per share. As a group, analysts expect that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were given a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 3.2%. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.78. The ex-dividend date was Monday, November 17th. ConocoPhillips’s dividend payout ratio (DPR) is currently 47.52%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on COP shares. UBS Group boosted their target price on shares of ConocoPhillips from $117.00 to $120.00 and gave the company a “buy” rating in a report on Friday, December 12th. Wells Fargo & Company started coverage on ConocoPhillips in a report on Friday, October 17th. They set an “equal weight” rating and a $100.00 price objective for the company. Evercore ISI decreased their target price on shares of ConocoPhillips from $115.00 to $111.00 and set an “outperform” rating for the company in a research report on Monday, October 6th. Barclays decreased their price target on ConocoPhillips from $122.00 to $118.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Finally, Sanford C. Bernstein decreased their price objective on shares of ConocoPhillips from $116.00 to $98.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Sixteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $110.96.

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.