ConocoPhillips (NYSE:COP) Stock Holdings Increased by Fiduciary Alliance LLC

Fiduciary Alliance LLC grew its holdings in ConocoPhillips (NYSE:COP) by 13.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 186,535 shares of the energy producer’s stock after acquiring an additional 22,378 shares during the period. ConocoPhillips comprises 1.9% of Fiduciary Alliance LLC’s holdings, making the stock its 9th biggest position. Fiduciary Alliance LLC’s holdings in ConocoPhillips were worth $18,499,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in COP. Aprio Wealth Management LLC boosted its holdings in ConocoPhillips by 5.8% during the fourth quarter. Aprio Wealth Management LLC now owns 2,249 shares of the energy producer’s stock worth $223,000 after buying an additional 124 shares in the last quarter. Czech National Bank boosted its holdings in ConocoPhillips by 18.6% during the fourth quarter. Czech National Bank now owns 280,469 shares of the energy producer’s stock worth $27,814,000 after buying an additional 43,910 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in ConocoPhillips by 8.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 1,790 shares of the energy producer’s stock worth $178,000 after buying an additional 142 shares in the last quarter. ST Germain D J Co. Inc. raised its position in ConocoPhillips by 13.7% during the fourth quarter. ST Germain D J Co. Inc. now owns 3,608 shares of the energy producer’s stock worth $358,000 after acquiring an additional 436 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in ConocoPhillips by 1.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 168,719 shares of the energy producer’s stock worth $17,763,000 after acquiring an additional 1,838 shares during the period. 82.36% of the stock is owned by hedge funds and other institutional investors.

ConocoPhillips Trading Up 2.2 %

COP stock traded up $2.28 during mid-day trading on Monday, hitting $104.20. 1,175,257 shares of the company were exchanged, compared to its average volume of 4,961,910. The business has a fifty day simple moving average of $104.39 and a 200-day simple moving average of $107.70. The company has a quick ratio of 1.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. ConocoPhillips has a 12-month low of $94.23 and a 12-month high of $135.18. The firm has a market capitalization of $119.93 billion, a P/E ratio of 12.39, a PEG ratio of 0.83 and a beta of 1.19.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, October 31st. The energy producer reported $1.78 EPS for the quarter, beating the consensus estimate of $1.68 by $0.10. ConocoPhillips had a net margin of 17.29% and a return on equity of 19.53%. The business had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.97 billion. During the same quarter last year, the firm posted $2.16 earnings per share. The business’s revenue for the quarter was down 8.5% compared to the same quarter last year. On average, equities research analysts predict that ConocoPhillips will post 7.77 earnings per share for the current fiscal year.

ConocoPhillips Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 11th were issued a $0.78 dividend. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.58. The ex-dividend date was Friday, November 8th. This represents a $3.12 annualized dividend and a yield of 2.99%. ConocoPhillips’s dividend payout ratio (DPR) is 37.10%.

Insider Activity at ConocoPhillips

In related news, Director Arjun N. Murti acquired 2,500 shares of the business’s stock in a transaction on Friday, December 20th. The shares were bought at an average price of $95.87 per share, with a total value of $239,675.00. Following the completion of the acquisition, the director now owns 21,500 shares in the company, valued at $2,061,205. This trade represents a 13.16 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director R A. Walker acquired 10,400 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were bought at an average cost of $97.80 per share, for a total transaction of $1,017,120.00. Following the acquisition, the director now owns 38,000 shares of the company’s stock, valued at $3,716,400. This represents a 37.68 % increase in their position. The disclosure for this purchase can be found here. 0.34% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on COP shares. Truist Financial upped their price objective on shares of ConocoPhillips from $138.00 to $139.00 and gave the stock a “buy” rating in a research report on Monday. Scotiabank reduced their price objective on shares of ConocoPhillips from $120.00 to $115.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Susquehanna upped their price objective on shares of ConocoPhillips from $144.00 to $148.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. BMO Capital Markets upped their price objective on shares of ConocoPhillips from $123.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Finally, Mizuho upgraded shares of ConocoPhillips from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $132.00 to $134.00 in a research report on Monday, December 16th. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, ConocoPhillips currently has an average rating of “Buy” and an average price target of $136.76.

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.