Imprint Wealth LLC Grows Holdings in ConocoPhillips (NYSE:COP)

Imprint Wealth LLC raised its position in shares of ConocoPhillips (NYSE:COP) by 1.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,334 shares of the energy producer’s stock after purchasing an additional 101 shares during the period. Imprint Wealth LLC’s holdings in ConocoPhillips were worth $734,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Orion Capital Management LLC purchased a new position in ConocoPhillips in the 3rd quarter worth approximately $27,000. West Branch Capital LLC boosted its position in shares of ConocoPhillips by 87.8% during the fourth quarter. West Branch Capital LLC now owns 231 shares of the energy producer’s stock worth $27,000 after acquiring an additional 108 shares during the last quarter. RVW Wealth LLC purchased a new position in ConocoPhillips during the third quarter valued at $28,000. Fairfield Bush & CO. purchased a new position in ConocoPhillips during the first quarter valued at $31,000. Finally, Oliver Lagore Vanvalin Investment Group increased its holdings in ConocoPhillips by 63.1% in the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 287 shares of the energy producer’s stock valued at $34,000 after acquiring an additional 111 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Heather G. Hrap sold 4,548 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $110.55, for a total value of $502,781.40. Following the completion of the sale, the senior vice president now owns 2,654 shares in the company, valued at approximately $293,399.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Dominic E. Macklon sold 23,372 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $112.17, for a total value of $2,621,637.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Heather G. Hrap sold 4,548 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $110.55, for a total transaction of $502,781.40. Following the transaction, the senior vice president now owns 2,654 shares of the company’s stock, valued at approximately $293,399.70. The disclosure for this sale can be found here. Insiders have sold a total of 700,775 shares of company stock worth $87,615,169 in the last three months. Corporate insiders own 0.34% of the company’s stock.

ConocoPhillips Trading Down 0.3 %

Shares of NYSE:COP traded down $0.33 during trading on Tuesday, reaching $129.92. 1,171,279 shares of the company were exchanged, compared to its average volume of 5,462,787. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 1.29. The firm has a market capitalization of $152.84 billion, a PE ratio of 14.38, a P/E/G ratio of 2.85 and a beta of 1.24. The business’s fifty day simple moving average is $119.24 and its 200-day simple moving average is $116.86. ConocoPhillips has a 12-month low of $95.70 and a 12-month high of $135.18.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, February 8th. The energy producer reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.32. ConocoPhillips had a return on equity of 22.08% and a net margin of 18.71%. The business had revenue of $15.31 billion during the quarter, compared to analyst estimates of $14.47 billion. During the same period in the previous year, the company posted $2.71 EPS. On average, research analysts anticipate that ConocoPhillips will post 9.21 EPS for the current year.

ConocoPhillips Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 19th were paid a $0.78 dividend. The ex-dividend date was Thursday, February 15th. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.58. This represents a $3.12 dividend on an annualized basis and a yield of 2.40%. ConocoPhillips’s dividend payout ratio is 25.61%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Truist Financial cut their price objective on ConocoPhillips from $173.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Mizuho reaffirmed a “neutral” rating and issued a $139.00 price objective (up previously from $132.00) on shares of ConocoPhillips in a research note on Friday, March 22nd. Scotiabank increased their target price on ConocoPhillips from $120.00 to $135.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Susquehanna reduced their target price on shares of ConocoPhillips from $152.00 to $133.00 and set a “positive” rating on the stock in a report on Friday, January 26th. Finally, Piper Sandler decreased their target price on shares of ConocoPhillips from $139.00 to $133.00 and set an “overweight” rating on the stock in a research report on Thursday, March 14th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, ConocoPhillips presently has a consensus rating of “Moderate Buy” and an average target price of $140.59.

About ConocoPhillips

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.