SRS Capital Advisors Inc. Sells 207 Shares of ConocoPhillips (NYSE:COP)

SRS Capital Advisors Inc. trimmed its position in shares of ConocoPhillips (NYSE:COP) by 16.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,062 shares of the energy producer’s stock after selling 207 shares during the period. SRS Capital Advisors Inc.’s holdings in ConocoPhillips were worth $123,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in COP. Alphinity Investment Management Pty Ltd bought a new position in ConocoPhillips in the third quarter worth $310,102,000. Capital Wealth Planning LLC boosted its stake in ConocoPhillips by 45,426.8% during the third quarter. Capital Wealth Planning LLC now owns 1,429,085 shares of the energy producer’s stock worth $171,204,000 after acquiring an additional 1,425,946 shares in the last quarter. International Assets Investment Management LLC grew its holdings in ConocoPhillips by 13,905.3% in the fourth quarter. International Assets Investment Management LLC now owns 1,114,261 shares of the energy producer’s stock worth $129,332,000 after purchasing an additional 1,106,305 shares during the period. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of ConocoPhillips during the third quarter valued at approximately $99,676,000. Finally, Pacer Advisors Inc. lifted its holdings in shares of ConocoPhillips by 29.3% during the fourth quarter. Pacer Advisors Inc. now owns 3,422,834 shares of the energy producer’s stock valued at $397,288,000 after purchasing an additional 776,107 shares during the last quarter. Institutional investors own 82.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on COP. Scotiabank upped their price target on ConocoPhillips from $120.00 to $135.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Wells Fargo & Company upped their price target on shares of ConocoPhillips from $149.00 to $151.00 and gave the stock an “overweight” rating in a research note on Friday. Truist Financial cut their price target on shares of ConocoPhillips from $170.00 to $160.00 and set a “buy” rating on the stock in a report on Monday, April 29th. Susquehanna upped their price objective on ConocoPhillips from $133.00 to $154.00 and gave the company a “positive” rating in a research report on Monday, April 22nd. Finally, UBS Group lifted their target price on ConocoPhillips from $138.00 to $143.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $142.76.

Insider Transactions at ConocoPhillips

In related news, VP Christopher P. Delk sold 8,505 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $112.06, for a total transaction of $953,070.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Christopher P. Delk sold 8,505 shares of ConocoPhillips stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $112.06, for a total transaction of $953,070.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Dominic E. Macklon sold 23,372 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $112.17, for a total transaction of $2,621,637.24. 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 quarter. 0.34% of the stock is currently owned by company insiders.

ConocoPhillips Stock Performance

Shares of COP traded down $0.02 on Friday, reaching $122.23. The company’s stock had a trading volume of 5,020,657 shares, compared to its average volume of 4,434,834. The stock’s 50 day simple moving average is $123.63 and its two-hundred day simple moving average is $117.75. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.35 and a quick ratio of 1.29. The stock has a market capitalization of $143.79 billion, a P/E ratio of 13.84, a PEG ratio of 2.68 and a beta of 1.25. ConocoPhillips has a 12-month low of $95.81 and a 12-month high of $135.18.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, February 8th. The energy producer reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.32. The business had revenue of $15.31 billion for the quarter, compared to analysts’ expectations of $14.47 billion. ConocoPhillips had a net margin of 18.40% and a return on equity of 20.85%. During the same quarter last year, the company posted $2.71 EPS. Research analysts forecast that ConocoPhillips will post 9.11 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 13th will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Friday, May 10th. ConocoPhillips’s payout ratio is 26.27%.

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.