FAS Wealth Partners Inc. Buys 5,257 Shares of ConocoPhillips (NYSE:COP)

FAS Wealth Partners Inc. increased its holdings in shares of ConocoPhillips (NYSE:COPFree Report) by 41.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,041 shares of the energy producer’s stock after acquiring an additional 5,257 shares during the period. FAS Wealth Partners Inc.’s holdings in ConocoPhillips were worth $2,094,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. West Tower Group LLC bought a new stake in ConocoPhillips during the second quarter worth about $27,000. Orion Capital Management LLC bought a new stake in ConocoPhillips during the third quarter worth about $27,000. West Branch Capital LLC boosted its stake in ConocoPhillips by 87.8% during the fourth quarter. West Branch Capital LLC now owns 231 shares of the energy producer’s stock worth $27,000 after acquiring an additional 108 shares in the last quarter. RVW Wealth LLC bought a new stake in ConocoPhillips during the third quarter worth about $28,000. Finally, Fairfield Bush & CO. bought a new stake in ConocoPhillips during the first quarter worth about $31,000. Institutional investors own 82.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on COP shares. JPMorgan Chase & Co. dropped their price objective on shares of ConocoPhillips from $153.00 to $141.00 and set a “neutral” rating on the stock in a research note on Friday, December 8th. Morgan Stanley lifted their target price on shares of ConocoPhillips from $123.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Scotiabank lifted their target price on shares of ConocoPhillips from $115.00 to $120.00 and gave the stock a “sector perform” rating in a report on Friday, February 9th. Piper Sandler decreased their target price on shares of ConocoPhillips from $139.00 to $133.00 and set an “overweight” rating for the company in a report on Thursday, March 14th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $139.00 target price (up from $132.00) on shares of ConocoPhillips in a report on Friday, March 22nd. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.35.

Get Our Latest Stock Analysis on COP

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, VP Christopher P. Delk sold 8,505 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $112.06, for a total transaction of $953,070.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other ConocoPhillips news, EVP Nicholas G. Olds sold 12,150 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $126.44, for a total transaction of $1,536,246.00. Following the completion of the sale, the executive vice president now directly owns 14,522 shares of the company’s stock, valued at $1,836,161.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Christopher P. Delk sold 8,505 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $112.06, for a total transaction of $953,070.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 700,775 shares of company stock valued at $87,615,169. Insiders own 0.37% of the company’s stock.

ConocoPhillips Stock Up 1.6 %

COP opened at $130.69 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. The firm has a 50 day moving average price of $115.08 and a 200-day moving average price of $116.15. ConocoPhillips has a twelve month low of $95.70 and a twelve month high of $130.84. The stock has a market capitalization of $153.74 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 2.92 and a beta of 1.24.

ConocoPhillips (NYSE:COPGet Free Report) last announced its earnings results on Thursday, February 8th. The energy producer reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.32. ConocoPhillips had a net margin of 18.71% and a return on equity of 22.08%. The business had revenue of $15.31 billion during the quarter, compared to analysts’ expectations of $14.47 billion. During the same period in the prior year, the company earned $2.71 earnings per share. Equities research analysts forecast that ConocoPhillips will post 8.81 earnings per share for the current year.

ConocoPhillips Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 19th were issued a dividend of $0.78 per share. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.58. This represents a $3.12 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date was Thursday, February 15th. ConocoPhillips’s dividend payout ratio is currently 25.61%.

About ConocoPhillips

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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