White Pine Capital LLC Has $362,000 Position in ConocoPhillips (NYSE:COP)

White Pine Capital LLC lowered its holdings in ConocoPhillips (NYSE:COP) by 16.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,121 shares of the energy producer’s stock after selling 600 shares during the quarter. White Pine Capital LLC’s holdings in ConocoPhillips were worth $362,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Ropes Wealth Advisors LLC grew its stake in shares of ConocoPhillips by 48.7% in the 3rd quarter. Ropes Wealth Advisors LLC now owns 3,776 shares of the energy producer’s stock worth $452,000 after acquiring an additional 1,237 shares in the last quarter. Golden State Equity Partners grew its stake in shares of ConocoPhillips by 11.3% in the 3rd quarter. Golden State Equity Partners now owns 5,782 shares of the energy producer’s stock worth $693,000 after acquiring an additional 587 shares in the last quarter. Signet Investment Advisory Group Inc. grew its stake in shares of ConocoPhillips by 1.7% in the 3rd quarter. Signet Investment Advisory Group Inc. now owns 21,650 shares of the energy producer’s stock worth $2,594,000 after acquiring an additional 369 shares in the last quarter. One Day In July LLC bought a new stake in shares of ConocoPhillips in the 3rd quarter worth $266,000. Finally, Meridian Financial Partners LLC bought a new stake in shares of ConocoPhillips in the 3rd quarter worth $218,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

Insider Activity at ConocoPhillips

In related news, VP Christopher P. Delk sold 8,505 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $112.06, for a total value of $953,070.30. The sale was disclosed in a filing with the SEC, which is available through this link. In other ConocoPhillips news, VP Christopher P. Delk sold 8,505 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $112.06, for a total transaction of $953,070.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Heather G. Hrap sold 4,548 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were 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 in the company, valued at $293,399.70. The disclosure for this sale can be found here. Insiders have sold 700,775 shares of company stock valued at $87,615,169 over the last three months. 0.34% of the stock is owned by corporate insiders.

ConocoPhillips Price Performance

Shares of ConocoPhillips stock traded up $0.13 on Friday, reaching $130.24. The stock had a trading volume of 4,823,139 shares, compared to its average volume of 3,808,210. ConocoPhillips has a 1 year low of $95.70 and a 1 year high of $135.18. The company has a market cap of $153.22 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 2.72 and a beta of 1.24. The company has a current ratio of 1.43, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average is $122.49 and its two-hundred day moving average is $117.62.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, February 8th. The energy producer reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.32. The firm had revenue of $15.31 billion for the quarter, compared to the consensus estimate of $14.47 billion. ConocoPhillips had a net margin of 18.71% and a return on equity of 22.08%. During the same period in the prior year, the firm posted $2.71 earnings per share. As a group, research analysts anticipate that ConocoPhillips will post 9.57 EPS for the current year.

ConocoPhillips Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 19th were paid a $0.78 dividend. This is an increase 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%. The ex-dividend date was Thursday, February 15th. ConocoPhillips’s dividend payout ratio (DPR) is currently 25.61%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on COP shares. Wells Fargo & Company increased their price target on shares of ConocoPhillips from $141.00 to $149.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Barclays started coverage on shares of ConocoPhillips in a research report on Wednesday, April 10th. They set an “overweight” rating and a $158.00 price target for the company. Morgan Stanley increased their price target on shares of ConocoPhillips from $123.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Mizuho restated a “neutral” rating and set a $139.00 price target (up previously from $132.00) on shares of ConocoPhillips in a research report on Friday, March 22nd. Finally, Susquehanna increased their price target on shares of ConocoPhillips from $133.00 to $154.00 and gave the company a “positive” rating in a research report on Monday, April 22nd. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $143.24.

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.