Hoylecohen LLC Purchases 349 Shares of ConocoPhillips (NYSE:COP)

Hoylecohen LLC raised its holdings in shares of ConocoPhillips (NYSE:COP) by 1.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,954 shares of the energy producer’s stock after purchasing an additional 349 shares during the quarter. Hoylecohen LLC’s holdings in ConocoPhillips were worth $2,432,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. KLCM Advisors Inc. boosted its holdings in shares of ConocoPhillips by 2.8% in the 3rd quarter. KLCM Advisors Inc. now owns 3,305 shares of the energy producer’s stock worth $396,000 after purchasing an additional 89 shares in the last quarter. Evergreen Capital Management LLC grew its position in ConocoPhillips by 0.5% during the third quarter. Evergreen Capital Management LLC now owns 18,944 shares of the energy producer’s stock valued at $2,270,000 after acquiring an additional 89 shares during the last quarter. Greenfield Savings Bank grew its position in ConocoPhillips by 1.3% during the fourth quarter. Greenfield Savings Bank now owns 7,520 shares of the energy producer’s stock valued at $873,000 after acquiring an additional 94 shares during the last quarter. Cyndeo Wealth Partners LLC raised its stake in shares of ConocoPhillips by 3.0% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 3,329 shares of the energy producer’s stock worth $386,000 after acquiring an additional 98 shares in the last quarter. Finally, Waverly Advisors LLC lifted its holdings in shares of ConocoPhillips by 2.1% in the 3rd quarter. Waverly Advisors LLC now owns 4,847 shares of the energy producer’s stock worth $581,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Stock Down 0.3 %

Shares of NYSE:COP traded down $0.40 during midday trading on Friday, reaching $117.25. The company’s stock had a trading volume of 2,851,146 shares, compared to its average volume of 5,001,379. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average of $125.92 and a 200-day moving average of $117.73. The firm has a market capitalization of $137.13 billion, a P/E ratio of 13.28, a PEG ratio of 2.59 and a beta of 1.25. ConocoPhillips has a 12-month low of $98.38 and a 12-month high of $135.18.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, May 2nd. The energy producer reported $2.03 EPS for the quarter, topping the consensus estimate of $1.99 by $0.04. ConocoPhillips had a net margin of 18.40% and a return on equity of 20.85%. The business had revenue of $14.48 billion for the quarter, compared to analyst estimates of $14.72 billion. On average, research analysts anticipate that ConocoPhillips will post 9.09 earnings per share for the current year.

ConocoPhillips Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 13th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $3.12 annualized dividend and a dividend yield of 2.66%. ConocoPhillips’s payout ratio is currently 26.27%.

Insider Activity at ConocoPhillips

In other ConocoPhillips news, EVP Nicholas G. Olds sold 12,150 shares of the business’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $126.44, for a total value of $1,536,246.00. Following the sale, the executive vice president now directly owns 14,522 shares of the company’s stock, valued at $1,836,161.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other ConocoPhillips news, EVP Nicholas G. Olds sold 12,150 shares of ConocoPhillips stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $126.44, for a total value of $1,536,246.00. Following the completion of the transaction, the executive vice president now directly owns 14,522 shares of the company’s stock, valued at $1,836,161.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO William L. Jr. Bullock sold 45,200 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $123.32, for a total transaction of $5,574,064.00. Following the sale, the chief financial officer now owns 44,153 shares in the company, valued at approximately $5,444,947.96. The disclosure for this sale can be found here. Insiders sold a total of 664,350 shares of company stock valued at $83,537,680 in the last 90 days. Corporate insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on COP. Scotiabank increased their target price on shares of ConocoPhillips from $120.00 to $135.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Truist Financial reduced their price objective on ConocoPhillips from $170.00 to $160.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Susquehanna boosted their target price on ConocoPhillips from $133.00 to $154.00 and gave the company a “positive” rating in a research note on Monday, April 22nd. Morgan Stanley raised their price target on ConocoPhillips from $123.00 to $129.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Finally, Wells Fargo & Company lifted their price target on ConocoPhillips from $149.00 to $151.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $143.24.

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.