TCG Advisory Services LLC Has $2.39 Million Stake in ConocoPhillips (NYSE:COP)

TCG Advisory Services LLC lifted its holdings in shares of ConocoPhillips (NYSE:COP) by 39.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,562 shares of the energy producer’s stock after acquiring an additional 5,791 shares during the quarter. TCG Advisory Services LLC’s holdings in ConocoPhillips were worth $2,387,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Alphinity Investment Management Pty Ltd bought a new position in shares of ConocoPhillips in the third quarter worth about $310,102,000. Capital Wealth Planning LLC lifted its stake in shares of ConocoPhillips by 45,426.8% in the 3rd quarter. Capital Wealth Planning LLC now owns 1,429,085 shares of the energy producer’s stock valued at $171,204,000 after purchasing an additional 1,425,946 shares during the period. International Assets Investment Management LLC lifted its stake in ConocoPhillips by 13,905.3% in the fourth quarter. International Assets Investment Management LLC now owns 1,114,261 shares of the energy producer’s stock valued at $129,332,000 after buying an additional 1,106,305 shares during the period. J.P. Morgan Private Wealth Advisors LLC bought a new position in ConocoPhillips during the third quarter worth $99,676,000. Finally, Pacer Advisors Inc. boosted its position in shares of ConocoPhillips by 29.3% during the 4th quarter. Pacer Advisors Inc. now owns 3,422,834 shares of the energy producer’s stock worth $397,288,000 after purchasing an additional 776,107 shares in the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of ConocoPhillips from $123.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Truist Financial decreased their target price on ConocoPhillips from $170.00 to $160.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Piper Sandler lifted their price target on shares of ConocoPhillips from $145.00 to $157.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. UBS Group increased their target price on shares of ConocoPhillips from $138.00 to $143.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Finally, Mizuho reissued a “neutral” rating and issued a $139.00 price target (up previously from $132.00) on shares of ConocoPhillips in a research report on Friday, March 22nd. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, ConocoPhillips currently has an average rating of “Moderate Buy” and an average price target of $142.76.

ConocoPhillips Price Performance

Shares of NYSE:COP traded down $0.02 during trading on Friday, reaching $122.23. The company had a trading volume of 5,020,657 shares, compared to its average volume of 4,434,834. The company has a fifty day moving average of $123.85 and a two-hundred day moving average of $117.73. ConocoPhillips has a 12 month low of $95.81 and a 12 month high of $135.18. The company has a current ratio of 1.35, a quick ratio of 1.29 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $143.79 billion, a P/E ratio of 13.84, a price-to-earnings-growth ratio of 2.68 and a beta of 1.25.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, February 8th. The energy producer reported $2.40 EPS for the quarter, topping the consensus estimate of $2.08 by $0.32. ConocoPhillips had a net margin of 18.40% and a return on equity of 20.85%. The firm had revenue of $15.31 billion for the quarter, compared to the consensus estimate of $14.47 billion. During the same period last year, the firm posted $2.71 earnings per share. Equities research analysts forecast that ConocoPhillips will post 9.11 earnings per share for the current year.

ConocoPhillips Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 13th will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Friday, May 10th. ConocoPhillips’s dividend payout ratio is 26.27%.

Insiders Place Their Bets

In other news, 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 transaction of $953,070.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Nicholas G. Olds sold 12,150 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 14,522 shares of the company’s stock, valued at $1,836,161.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 disclosure for this sale can be found here. Insiders have sold a total of 700,775 shares of company stock valued at $87,615,169 in the last quarter. Insiders own 0.34% of the company’s stock.

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.