Vantus Wealth LLC Invests $461,000 in ConocoPhillips $COP

Vantus Wealth LLC bought a new position in ConocoPhillips (NYSE:COP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,930 shares of the energy producer’s stock, valued at approximately $461,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COP. KERR FINANCIAL PLANNING Corp bought a new stake in ConocoPhillips during the 3rd quarter valued at about $28,000. Board of the Pension Protection Fund bought a new stake in ConocoPhillips during the 4th quarter valued at about $28,000. Strive Asset Management LLC bought a new stake in ConocoPhillips during the 3rd quarter valued at about $28,000. BNP Paribas bought a new stake in ConocoPhillips during the 2nd quarter valued at about $33,000. Finally, Optima Capital LLC bought a new stake in ConocoPhillips during the 4th quarter valued at about $34,000. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Stock Up 1.3%

Shares of ConocoPhillips stock opened at $115.42 on Tuesday. The firm’s 50 day moving average price is $122.88 and its 200-day moving average price is $108.78. 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. The company has a market cap of $140.62 billion, a P/E ratio of 19.60, a PEG ratio of 1.28 and a beta of 0.11.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, April 30th. The energy producer reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.17. The firm had revenue of $15.76 billion for the quarter, compared to the consensus estimate of $15.62 billion. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The company’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.09 EPS. On average, sell-side analysts predict that ConocoPhillips will post 9.92 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 11th were paid a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, May 11th. ConocoPhillips’s payout ratio is presently 57.05%.

ConocoPhillips News Roundup

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Several analysts have recently raised their price targets on ConocoPhillips, including Barclays and Raymond James, while maintaining bullish or positive ratings, signaling continued Wall Street confidence in the company’s valuation and long-term earnings potential. Barclays Raises PT on ConocoPhillips (COP) Stock
• Positive Sentiment: ConocoPhillips was highlighted by hedge-fund and market-screening articles as one of the better oil and gas names to own, with analysts pointing to its deep resource base and LNG portfolio as key strengths. ConocoPhillips (COP) – Among the 14 Best Oil and Gas Stocks to Buy According to Hedge Funds
• Positive Sentiment: Alaska lease-sale news is supportive for ConocoPhillips because the company was among the record bidders, and the expected boost in Alaskan oil production could improve future upstream opportunities for the industry. Alaskan frontier oil boom bodes well for energy industry
• Neutral Sentiment: Market commentary says ConocoPhillips has underperformed the Nasdaq over the past year, but this was balanced by the fact that analysts remain moderately optimistic and maintain a consensus “Moderate Buy” view. Is ConocoPhillips Stock Underperforming the Nasdaq?

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of ConocoPhillips from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Wells Fargo & Company lifted their price objective on shares of ConocoPhillips from $132.00 to $133.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Barclays lifted their price objective on shares of ConocoPhillips from $136.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Piper Sandler lifted their price objective on shares of ConocoPhillips from $154.00 to $157.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Finally, Wolfe Research raised their target price on shares of ConocoPhillips from $138.00 to $144.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Seventeen investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $134.48.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, SVP Kelly Brunetti Rose sold 7,700 shares of ConocoPhillips stock in a transaction that occurred on 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 in the company, valued at approximately $3,287,678.52. The trade was a 23.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Ryan Michael Lance sold 113,221 shares of the business’s 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 transaction, the chief executive officer owned 350,000 shares of the company’s stock, valued at approximately $46,448,500. This represents a 24.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 734,891 shares of company stock worth $93,345,692. Corporate 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.