Texas Yale Capital Corp. boosted its position in shares of ConocoPhillips (NYSE:COP – Free Report) by 56.7% in the fourth quarter, Holdings Channel reports. The fund owned 23,550 shares of the energy producer’s stock after acquiring an additional 8,519 shares during the period. Texas Yale Capital Corp.’s holdings in ConocoPhillips were worth $2,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of COP. KERR FINANCIAL PLANNING Corp acquired a new position in ConocoPhillips during the 3rd quarter worth $28,000. Board of the Pension Protection Fund acquired a new position in ConocoPhillips during the 4th quarter worth $28,000. Strive Asset Management LLC acquired a new position in ConocoPhillips during the 3rd quarter worth $28,000. BNP Paribas acquired a new position in ConocoPhillips during the 2nd quarter worth $33,000. Finally, Optima Capital LLC acquired a new stake in ConocoPhillips in the 4th quarter worth $34,000. Institutional investors and hedge funds own 82.36% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the stock. Piper Sandler increased their target price on shares of ConocoPhillips from $154.00 to $157.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Freedom Capital lowered ConocoPhillips from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. UBS Group upped their price target on ConocoPhillips from $130.00 to $144.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Wells Fargo & Company raised their price objective on ConocoPhillips from $132.00 to $133.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Finally, Wall Street Zen raised ConocoPhillips from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Seventeen equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $134.60.
Insider Transactions at ConocoPhillips
In other news, EVP Nicholas G. Olds sold 6,994 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $127.06, for a total value of $888,657.64. Following the sale, the executive vice president owned 5,395 shares in the company, valued at approximately $685,488.70. The trade was a 56.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Andrew D. Lundquist sold 34,500 shares of the company’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $119.68, for a total transaction of $4,128,960.00. Following the completion of the sale, the senior vice president directly owned 17,469 shares in the company, valued at approximately $2,090,689.92. The trade was a 66.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 734,891 shares of company stock valued at $93,345,692. 0.09% of the stock is owned by insiders.
ConocoPhillips Stock Performance
NYSE COP opened at $114.01 on Monday. The stock has a market cap of $138.90 billion, a P/E ratio of 19.36, a PEG ratio of 1.28 and a beta of 0.11. The company’s 50-day simple moving average is $123.09 and its 200 day simple moving average is $108.61. ConocoPhillips has a twelve month low of $84.33 and a twelve month high of $135.87. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.34.
ConocoPhillips (NYSE:COP – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The energy producer reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.17. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The company had revenue of $15.76 billion for the quarter, compared to the consensus estimate of $15.62 billion. During the same period in the previous year, the business earned $2.09 earnings per share. The company’s quarterly revenue was down 6.1% on a year-over-year basis. As a group, research analysts forecast that ConocoPhillips will post 9.92 earnings per share for the current fiscal year.
ConocoPhillips Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 11th will be given a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, May 11th. ConocoPhillips’s dividend payout ratio is 57.05%.
About ConocoPhillips
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.
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