YHB Investment Advisors Inc. Buys 4,078 Shares of ConocoPhillips (NYSE:COP)

YHB Investment Advisors Inc. boosted its stake in ConocoPhillips (NYSE:COPGet Rating) by 159.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 6,634 shares of the energy producer’s stock after acquiring an additional 4,078 shares during the quarter. YHB Investment Advisors Inc.’s holdings in ConocoPhillips were worth $596,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in COP. Capital World Investors lifted its position in ConocoPhillips by 62.4% in the 1st quarter. Capital World Investors now owns 23,463,085 shares of the energy producer’s stock valued at $2,346,309,000 after acquiring an additional 9,014,700 shares in the last quarter. Diamond Hill Capital Management Inc. bought a new stake in ConocoPhillips during the 1st quarter worth about $702,569,000. BlackRock Inc. lifted its position in ConocoPhillips by 3.4% during the 4th quarter. BlackRock Inc. now owns 111,073,845 shares of the energy producer’s stock worth $8,017,310,000 after buying an additional 3,652,817 shares in the last quarter. Capital Research Global Investors lifted its position in ConocoPhillips by 28.2% during the 1st quarter. Capital Research Global Investors now owns 12,335,053 shares of the energy producer’s stock worth $1,233,506,000 after buying an additional 2,715,820 shares in the last quarter. Finally, Cowa LLC lifted its position in ConocoPhillips by 6,475.2% during the 1st quarter. Cowa LLC now owns 2,375,224 shares of the energy producer’s stock worth $2,383,000 after buying an additional 2,339,100 shares in the last quarter. 79.66% of the stock is owned by institutional investors.

Insider Transactions at ConocoPhillips

In other news, EVP Nicholas G. Olds sold 10,950 shares of the company’s stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $116.52, for a total transaction of $1,275,894.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.08% of the stock is currently owned by insiders.

ConocoPhillips Stock Performance

NYSE COP opened at $110.06 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.54 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $142.36 billion, a P/E ratio of 9.09, a P/E/G ratio of 0.39 and a beta of 1.31. ConocoPhillips has a 12-month low of $62.25 and a 12-month high of $124.08. The firm has a 50-day moving average price of $102.42 and a two-hundred day moving average price of $101.24.

ConocoPhillips (NYSE:COPGet Rating) last posted its quarterly earnings data on Thursday, August 4th. The energy producer reported $3.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.95 by ($0.04). ConocoPhillips had a net margin of 23.10% and a return on equity of 31.24%. During the same quarter in the prior year, the company posted $1.27 earnings per share. Analysts anticipate that ConocoPhillips will post 14.54 earnings per share for the current year.

ConocoPhillips Announces Dividend

The company also recently declared a None dividend, which was paid on Thursday, September 1st. Stockholders of record on Tuesday, August 16th were issued a dividend of $1.40 per share. The ex-dividend date of this dividend was Thursday, September 29th. ConocoPhillips’s dividend payout ratio (DPR) is presently 15.19%.

Wall Street Analyst Weigh In

COP has been the topic of several analyst reports. Truist Financial cut their price target on shares of ConocoPhillips from $126.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, July 13th. Barclays boosted their price objective on shares of ConocoPhillips from $142.00 to $153.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 31st. Piper Sandler boosted their price objective on shares of ConocoPhillips from $123.00 to $134.00 and gave the stock an “overweight” rating in a research note on Monday, September 12th. MKM Partners boosted their price objective on shares of ConocoPhillips from $110.00 to $118.00 and gave the stock a “buy” rating in a research note on Friday, August 26th. Finally, Mizuho lowered their price objective on shares of ConocoPhillips from $148.00 to $138.00 and set a “buy” rating on the stock in a research note on Thursday, August 18th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, ConocoPhillips currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.79.

ConocoPhillips Company Profile

(Get Rating)

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. It primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.

Further Reading

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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