Hyman Charles D Lowers Stock Holdings in ConocoPhillips (NYSE:COP)

Hyman Charles D trimmed its stake in shares of ConocoPhillips (NYSE:COP) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 143,568 shares of the energy producer’s stock after selling 1,855 shares during the quarter. Hyman Charles D’s holdings in ConocoPhillips were worth $16,664,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Sloy Dahl & Holst LLC raised its position in ConocoPhillips by 3.3% during the 3rd quarter. Sloy Dahl & Holst LLC now owns 2,629 shares of the energy producer’s stock worth $315,000 after buying an additional 85 shares during the last quarter. KLCM Advisors Inc. lifted its holdings in shares of ConocoPhillips by 2.8% in the 3rd quarter. KLCM Advisors Inc. now owns 3,305 shares of the energy producer’s stock valued at $396,000 after buying an additional 89 shares during the period. Evergreen Capital Management LLC grew its holdings in ConocoPhillips by 0.5% during the third quarter. Evergreen Capital Management LLC now owns 18,944 shares of the energy producer’s stock worth $2,270,000 after acquiring an additional 89 shares during the period. Endowment Wealth Management Inc. raised its position in ConocoPhillips by 4.6% in the third quarter. Endowment Wealth Management Inc. now owns 2,055 shares of the energy producer’s stock worth $246,000 after acquiring an additional 90 shares in the last quarter. Finally, Your Advocates Ltd. LLP lifted its holdings in ConocoPhillips by 2.9% in the third quarter. Your Advocates Ltd. LLP now owns 3,340 shares of the energy producer’s stock valued at $400,000 after acquiring an additional 93 shares during the period. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Scotiabank upped 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, April 11th. Mizuho reaffirmed a “neutral” rating and issued a $139.00 price objective (up from $132.00) on shares of ConocoPhillips in a research note on Friday, March 22nd. UBS Group boosted their target price on ConocoPhillips from $138.00 to $143.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Piper Sandler raised their price target on ConocoPhillips from $145.00 to $157.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Finally, Wells Fargo & Company boosted their price objective on shares of ConocoPhillips from $149.00 to $151.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, ConocoPhillips presently has an average rating of “Moderate Buy” and an average price target of $142.76.

Insider Transactions at ConocoPhillips

In related news, VP Christopher P. Delk sold 8,505 shares of the firm’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 value of $953,070.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Ryan Michael Lance sold 607,000 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $125.91, for a total value of $76,427,370.00. Following the completion of the sale, the chief executive officer now owns 6,780 shares in the company, valued at $853,669.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Christopher P. Delk sold 8,505 shares of the business’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 value of $953,070.30. The disclosure for this sale can be found here. Insiders have sold a total of 700,775 shares of company stock worth $87,615,169 in the last three months. 0.34% of the stock is currently owned by company insiders.

ConocoPhillips Trading Down 0.4 %

Shares of COP traded down $0.48 during mid-day trading on Wednesday, hitting $123.06. The company had a trading volume of 4,170,122 shares, compared to its average volume of 5,355,125. ConocoPhillips has a 1-year low of $97.42 and a 1-year high of $135.18. The business’s 50-day simple moving average is $124.31 and its 200-day simple moving average is $117.59. The stock has a market cap of $143.92 billion, a PE ratio of 13.94, a P/E/G ratio of 2.69 and a beta of 1.25. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.35.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, February 8th. The energy producer reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.32. The company had revenue of $15.31 billion for the quarter, compared to analyst estimates of $14.47 billion. ConocoPhillips had a net margin of 18.40% and a return on equity of 20.85%. During the same quarter last year, the business earned $2.71 EPS. Sell-side analysts forecast that ConocoPhillips will post 9.1 earnings per share for the current year.

ConocoPhillips Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 13th will be paid a dividend of $0.78 per share. The ex-dividend date is Friday, May 10th. This represents a $3.12 annualized dividend and a yield of 2.54%. ConocoPhillips’s dividend payout ratio is presently 26.27%.

ConocoPhillips Company 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.