LexAurum Advisors LLC Acquires 658 Shares of ConocoPhillips (NYSE:COP)

LexAurum Advisors LLC boosted its holdings in shares of ConocoPhillips (NYSE:COP) by 18.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,250 shares of the energy producer’s stock after acquiring an additional 658 shares during the quarter. LexAurum Advisors LLC’s holdings in ConocoPhillips were worth $421,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. RFG Advisory LLC lifted its position in shares of ConocoPhillips by 72.0% in the 4th quarter. RFG Advisory LLC now owns 7,251 shares of the energy producer’s stock worth $719,000 after purchasing an additional 3,035 shares during the period. Cornerstone Wealth Management LLC lifted its position in shares of ConocoPhillips by 9.7% in the 4th quarter. Cornerstone Wealth Management LLC now owns 13,949 shares of the energy producer’s stock worth $1,383,000 after purchasing an additional 1,239 shares during the period. Sustainable Insight Capital Management LLC acquired a new position in shares of ConocoPhillips in the 4th quarter worth approximately $486,000. Hengehold Capital Management LLC lifted its position in shares of ConocoPhillips by 8.4% in the 4th quarter. Hengehold Capital Management LLC now owns 2,327 shares of the energy producer’s stock worth $231,000 after purchasing an additional 181 shares during the period. Finally, Montecito Bank & Trust lifted its position in shares of ConocoPhillips by 5.2% in the 4th quarter. Montecito Bank & Trust now owns 13,804 shares of the energy producer’s stock worth $1,369,000 after purchasing an additional 684 shares during the period. 82.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Evercore ISI restated an “outperform” rating and issued a $165.00 price target on shares of ConocoPhillips in a research report on Friday, December 6th. Susquehanna boosted their target price on shares of ConocoPhillips from $144.00 to $148.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Wells Fargo & Company dropped their target price on shares of ConocoPhillips from $134.00 to $132.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. TD Cowen assumed coverage on shares of ConocoPhillips in a research report on Friday, January 17th. They set a “buy” rating and a $125.00 target price on the stock. Finally, BMO Capital Markets boosted their target price on shares of ConocoPhillips from $123.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $135.89.

ConocoPhillips Stock Performance

NYSE COP opened at $101.88 on Friday. ConocoPhillips has a 1 year low of $94.23 and a 1 year high of $135.18. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 1.16. The firm has a market cap of $117.26 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 0.86 and a beta of 1.19. The company has a fifty day moving average price of $103.19 and a 200-day moving average price of $107.20.

ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, October 31st. The energy producer reported $1.78 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.97 billion. During the same quarter in the prior year, the business posted $2.16 EPS. The business’s revenue was down 8.5% compared to the same quarter last year. As a group, equities research analysts predict that ConocoPhillips will post 7.65 EPS for the current fiscal year.

ConocoPhillips Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 11th were paid a $0.78 dividend. This is a positive change 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 dividend yield of 3.06%. ConocoPhillips’s dividend payout ratio is presently 37.10%.

Insider Transactions at ConocoPhillips

In related news, Director R A. Walker purchased 10,400 shares of ConocoPhillips stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average price of $97.80 per share, for a total transaction of $1,017,120.00. Following the completion of the transaction, the director now owns 38,000 shares in the company, valued at $3,716,400. This represents a 37.68 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Arjun N. Murti purchased 2,500 shares of ConocoPhillips stock in a transaction that occurred 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 transaction, the director now owns 21,500 shares of the company’s stock, valued at $2,061,205. This trade represents a 13.16 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.34% of the company’s stock.

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.