ConocoPhillips (NYSE:COP) Shares Sold by Conservest Capital Advisors Inc.

Conservest Capital Advisors Inc. trimmed its position in ConocoPhillips (NYSE:COP) by 11.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,165 shares of the energy producer’s stock after selling 662 shares during the period. Conservest Capital Advisors Inc.’s holdings in ConocoPhillips were worth $600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Ropes Wealth Advisors LLC boosted its stake in shares of ConocoPhillips by 48.7% during the 3rd quarter. Ropes Wealth Advisors LLC now owns 3,776 shares of the energy producer’s stock worth $452,000 after acquiring an additional 1,237 shares in the last quarter. Golden State Equity Partners boosted its stake in shares of ConocoPhillips by 11.3% during the 3rd quarter. Golden State Equity Partners now owns 5,782 shares of the energy producer’s stock worth $693,000 after acquiring an additional 587 shares in the last quarter. Signet Investment Advisory Group Inc. boosted its stake in shares of ConocoPhillips by 1.7% during the 3rd quarter. Signet Investment Advisory Group Inc. now owns 21,650 shares of the energy producer’s stock worth $2,594,000 after acquiring an additional 369 shares in the last quarter. One Day In July LLC purchased a new stake in shares of ConocoPhillips during the 3rd quarter worth about $266,000. Finally, Meridian Financial Partners LLC purchased a new stake in shares of ConocoPhillips during the 3rd quarter worth about $218,000. 82.36% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips Trading Up 0.1 %

Shares of NYSE COP traded up $0.13 during midday trading on Friday, reaching $130.24. 4,823,139 shares of the stock were exchanged, compared to its average volume of 3,808,210. The company has a 50 day simple moving average of $122.49 and a 200 day simple moving average of $117.62. The stock has a market capitalization of $153.22 billion, a P/E ratio of 14.38, a PEG ratio of 2.72 and a beta of 1.24. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.43. ConocoPhillips has a twelve month low of $95.70 and a twelve month high of $135.18.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, February 8th. The energy producer reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.32. The business had revenue of $15.31 billion during the quarter, compared to the consensus estimate of $14.47 billion. ConocoPhillips had a net margin of 18.71% and a return on equity of 22.08%. During the same quarter last year, the firm earned $2.71 EPS. As a group, equities analysts expect that ConocoPhillips will post 9.57 earnings per share for the current year.

ConocoPhillips Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 19th were issued a dividend of $0.78 per share. The ex-dividend date was Thursday, February 15th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.40%. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.58. ConocoPhillips’s dividend payout ratio (DPR) is currently 25.61%.

Insider Transactions at ConocoPhillips

In related news, VP Christopher P. Delk sold 8,505 shares of ConocoPhillips 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 filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Christopher P. Delk sold 8,505 shares of ConocoPhillips 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William L. Jr. Bullock sold 45,200 shares of ConocoPhillips stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $123.32, for a total transaction of $5,574,064.00. Following the completion of the sale, the chief financial officer now owns 44,153 shares of the company’s stock, valued at approximately $5,444,947.96. The disclosure for this sale can be found here. Insiders sold 700,775 shares of company stock worth $87,615,169 in the last 90 days. Insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on COP. Wells Fargo & Company raised their price target on shares of ConocoPhillips from $141.00 to $149.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Piper Sandler raised their price target on shares of ConocoPhillips from $145.00 to $157.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Barclays began coverage on shares of ConocoPhillips in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $158.00 price target on the stock. Mizuho reaffirmed a “neutral” rating and issued a $139.00 price target (up from $132.00) on shares of ConocoPhillips in a research note on Friday, March 22nd. Finally, Susquehanna raised their price target on shares of ConocoPhillips from $133.00 to $154.00 and gave the company a “positive” rating in a research note on Monday, April 22nd. Five 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 company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $143.24.

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.