WCG Wealth Advisors LLC lifted its position in ConocoPhillips (NYSE:COP – Free Report) by 124.2% in the 4th quarter, HoldingsChannel reports. The firm owned 53,344 shares of the energy producer’s stock after purchasing an additional 29,553 shares during the quarter. WCG Wealth Advisors LLC’s holdings in ConocoPhillips were worth $4,994,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Strive Asset Management LLC purchased a new stake in ConocoPhillips in the third quarter valued at $28,000. Board of the Pension Protection Fund purchased a new stake in ConocoPhillips in the 4th quarter worth approximately $28,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of ConocoPhillips during the 3rd quarter worth approximately $28,000. Optima Capital LLC acquired a new stake in shares of ConocoPhillips during the 4th quarter worth approximately $34,000. Finally, BNP Paribas acquired a new position in shares of ConocoPhillips in the 2nd quarter valued at $33,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.
ConocoPhillips Stock Performance
Shares of COP stock opened at $119.03 on Friday. The firm has a 50 day moving average of $122.32 and a two-hundred day moving average of $109.38. The stock has a market capitalization of $145.01 billion, a PE ratio of 20.21, a P/E/G ratio of 1.32 and a beta of 0.11. 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 has a 52 week low of $85.23 and a 52 week high of $135.87.
ConocoPhillips Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 11th were given a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, May 11th. ConocoPhillips’s dividend payout ratio is currently 57.05%.
Analyst Ratings Changes
COP has been the subject of several recent analyst reports. Scotiabank boosted their price target on shares of ConocoPhillips from $100.00 to $125.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. UBS Group increased their price objective on ConocoPhillips from $130.00 to $144.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Piper Sandler lifted their target price on ConocoPhillips from $154.00 to $157.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Argus increased their price target on ConocoPhillips from $128.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of ConocoPhillips in a report on Wednesday. Seventeen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $134.48.
Check Out Our Latest Research Report on ConocoPhillips
Insider Activity at ConocoPhillips
In related news, CEO Ryan Michael Lance sold 113,221 shares of the stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $132.71, for a total transaction of $15,025,558.91. Following the completion of the sale, the chief executive officer owned 350,000 shares in the company, valued at $46,448,500. This represents a 24.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kelly Brunetti Rose sold 7,700 shares of the company’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $130.03, for a total transaction of $1,001,231.00. Following the completion of the sale, the senior vice president directly owned 25,284 shares of the company’s stock, valued at $3,287,678.52. The trade was a 23.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 694,891 shares of company stock valued at $88,594,092 in the last quarter. Company insiders own 0.09% of the company’s stock.
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.
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