ConocoPhillips (NYSE:COP) Shares Sold by apricus wealth LLC

apricus wealth LLC cut its position in shares of ConocoPhillips (NYSE:COP) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,682 shares of the energy producer’s stock after selling 135 shares during the quarter. ConocoPhillips accounts for 1.5% of apricus wealth LLC’s investment portfolio, making the stock its 29th biggest holding. apricus wealth LLC’s holdings in ConocoPhillips were worth $2,349,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of COP. Pflug Koory LLC lifted its holdings in shares of ConocoPhillips by 2.3% in the fourth quarter. Pflug Koory LLC now owns 8,165 shares of the energy producer’s stock valued at $810,000 after purchasing an additional 180 shares in the last quarter. Gradient Investments LLC boosted its stake in shares of ConocoPhillips by 17.1% during the fourth quarter. Gradient Investments LLC now owns 236,549 shares of the energy producer’s stock valued at $23,459,000 after acquiring an additional 34,577 shares during the last quarter. Curated Wealth Partners LLC increased its position in ConocoPhillips by 10.6% during the 4th quarter. Curated Wealth Partners LLC now owns 15,367 shares of the energy producer’s stock worth $1,524,000 after purchasing an additional 1,478 shares in the last quarter. CX Institutional raised its stake in ConocoPhillips by 19.5% in the 4th quarter. CX Institutional now owns 63,992 shares of the energy producer’s stock valued at $6,346,000 after purchasing an additional 10,445 shares during the last quarter. Finally, Encompass More Asset Management raised its position in shares of ConocoPhillips by 6.6% in the fourth quarter. Encompass More Asset Management now owns 5,484 shares of the energy producer’s stock valued at $544,000 after buying an additional 338 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

Insider Activity at ConocoPhillips

In other news, Director Arjun N. Murti acquired 2,500 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were acquired at an average price of $95.87 per share, with a total value of $239,675.00. Following the acquisition, the director now directly owns 21,500 shares in the company, valued at approximately $2,061,205. The trade was a 13.16 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director R A. Walker bought 10,400 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was purchased at an average price of $97.80 per share, with a total value of $1,017,120.00. Following the transaction, the director now owns 38,000 shares in the company, valued at $3,716,400. The trade was a 37.68 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Barclays raised their price objective on ConocoPhillips from $135.00 to $137.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Wells Fargo & Company dropped their price objective on shares of ConocoPhillips from $134.00 to $132.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. TD Cowen began coverage on shares of ConocoPhillips in a report on Friday, January 17th. They issued a “buy” rating and a $125.00 price target on the stock. Mizuho raised ConocoPhillips from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $132.00 to $134.00 in a research report on Monday, December 16th. Finally, Raymond James lifted their price objective on ConocoPhillips from $148.00 to $157.00 and gave the company a “strong-buy” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $135.89.

ConocoPhillips Stock Down 2.0 %

COP stock opened at $101.88 on Friday. ConocoPhillips has a twelve month low of $94.23 and a twelve month high of $135.18. The company has a current ratio of 1.30, a quick ratio of 1.16 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $117.26 billion, a P/E ratio of 12.11, a PEG ratio of 0.86 and a beta of 1.19. The firm has a 50 day simple moving average of $103.19 and a 200-day simple moving average of $107.20.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, October 31st. The energy producer reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.10. The business had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.97 billion. ConocoPhillips had a net margin of 17.29% and a return on equity of 19.53%. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.16 EPS. On average, equities research analysts predict that ConocoPhillips will post 7.65 earnings per share for the current fiscal year.

ConocoPhillips Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 11th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date was Friday, November 8th. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.58. ConocoPhillips’s payout ratio is currently 37.10%.

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.