Nations Financial Group Inc. IA ADV Has $1.27 Million Stock Holdings in ConocoPhillips (NYSE:COP)

Nations Financial Group Inc. IA ADV grew its stake in ConocoPhillips (NYSE:COP) by 7.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,922 shares of the energy producer’s stock after buying an additional 772 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in ConocoPhillips were worth $1,268,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in COP. Orion Capital Management LLC acquired a new stake in shares of ConocoPhillips in the third quarter valued at about $27,000. West Branch Capital LLC boosted its position in shares of ConocoPhillips by 87.8% during the 4th quarter. West Branch Capital LLC now owns 231 shares of the energy producer’s stock valued at $27,000 after purchasing an additional 108 shares in the last quarter. Sachetta LLC bought a new stake in shares of ConocoPhillips during the 4th quarter valued at about $27,000. Oliver Lagore Vanvalin Investment Group boosted its position in shares of ConocoPhillips by 63.1% during the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 287 shares of the energy producer’s stock valued at $34,000 after purchasing an additional 111 shares in the last quarter. Finally, Private Wealth Management Group LLC bought a new stake in shares of ConocoPhillips during the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

Insider Activity at ConocoPhillips

In related news, EVP Nicholas G. Olds sold 12,150 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $126.44, for a total transaction of $1,536,246.00. Following the completion of the sale, the executive vice president now directly owns 14,522 shares of the company’s stock, valued at $1,836,161.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other ConocoPhillips news, CEO Ryan Michael Lance sold 607,000 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $125.91, for a total value of $76,427,370.00. Following the completion of the sale, the chief executive officer now directly owns 6,780 shares of the company’s stock, valued at $853,669.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Nicholas G. Olds sold 12,150 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $126.44, for a total value of $1,536,246.00. Following the completion of the sale, the executive vice president now directly owns 14,522 shares of the company’s stock, valued at $1,836,161.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 664,350 shares of company stock valued at $83,537,680. 0.34% of the stock is owned by insiders.

ConocoPhillips Stock Performance

Shares of COP traded down $0.40 on Friday, reaching $117.25. 2,851,146 shares of the company’s stock traded hands, compared to its average volume of 5,001,379. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.35. The stock has a market cap of $137.13 billion, a PE ratio of 13.28, a PEG ratio of 2.58 and a beta of 1.25. The stock’s 50 day simple moving average is $125.92 and its two-hundred day simple moving average is $117.75. ConocoPhillips has a 52-week low of $98.38 and a 52-week high of $135.18.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, May 2nd. The energy producer reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.04. The company had revenue of $14.48 billion during the quarter, compared to the consensus estimate of $14.72 billion. ConocoPhillips had a return on equity of 20.85% and a net margin of 18.40%. On average, analysts forecast that ConocoPhillips will post 9.12 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 13th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date is Friday, May 10th. ConocoPhillips’s payout ratio is 26.27%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on COP shares. Morgan Stanley upped their target price on ConocoPhillips from $123.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Susquehanna increased their price target on ConocoPhillips from $133.00 to $154.00 and gave the stock a “positive” rating in a report on Monday, April 22nd. Wells Fargo & Company increased their price target on ConocoPhillips from $149.00 to $151.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Mizuho increased their price target on ConocoPhillips from $139.00 to $142.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Finally, UBS Group increased their price target on ConocoPhillips from $138.00 to $143.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, ConocoPhillips currently has a consensus rating of “Moderate Buy” and an average target price of $143.24.

ConocoPhillips 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.