Texas Yale Capital Corp. Boosts Stock Position in ConocoPhillips $COP

Texas Yale Capital Corp. lifted its stake in shares of ConocoPhillips (NYSE:COP) by 502.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,031 shares of the energy producer’s stock after acquiring an additional 12,537 shares during the quarter. Texas Yale Capital Corp.’s holdings in ConocoPhillips were worth $1,422,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COP. Tema Etfs LLC bought a new stake in ConocoPhillips in the third quarter worth $1,804,000. D.A. Davidson & CO. raised its stake in shares of ConocoPhillips by 12.1% in the third quarter. D.A. Davidson & CO. now owns 140,829 shares of the energy producer’s stock valued at $13,321,000 after acquiring an additional 15,202 shares during the period. Chilton Capital Management LLC raised its stake in shares of ConocoPhillips by 3.2% in the third quarter. Chilton Capital Management LLC now owns 389,995 shares of the energy producer’s stock valued at $36,890,000 after acquiring an additional 11,958 shares during the period. AE Wealth Management LLC lifted its holdings in shares of ConocoPhillips by 107.5% in the 3rd quarter. AE Wealth Management LLC now owns 103,430 shares of the energy producer’s stock worth $9,783,000 after acquiring an additional 53,587 shares during the last quarter. Finally, StoneX Group Inc. lifted its holdings in shares of ConocoPhillips by 510.5% in the 2nd quarter. StoneX Group Inc. now owns 29,285 shares of the energy producer’s stock worth $2,628,000 after acquiring an additional 24,488 shares during the last quarter. Institutional investors own 82.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on COP shares. Susquehanna upped their price target on shares of ConocoPhillips from $115.00 to $121.00 and gave the company a “positive” rating in a report on Friday, February 6th. Raymond James Financial boosted their target price on ConocoPhillips from $113.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Bank of America reiterated an “underperform” rating and issued a $102.00 price target on shares of ConocoPhillips in a report on Friday, January 16th. Wells Fargo & Company boosted their price objective on ConocoPhillips from $132.00 to $133.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of ConocoPhillips in a research note on Monday, December 29th. Sixteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $115.54.

ConocoPhillips Stock Up 0.6%

Shares of NYSE COP opened at $111.51 on Tuesday. ConocoPhillips has a 52-week low of $79.88 and a 52-week high of $112.07. The firm has a market capitalization of $137.79 billion, a price-to-earnings ratio of 17.59 and a beta of 0.32. The stock has a 50 day moving average price of $98.71 and a 200 day moving average price of $94.30. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.14 and a current ratio of 1.30.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, February 5th. The energy producer reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.21). ConocoPhillips had a net margin of 12.98% and a return on equity of 11.90%. The firm had revenue of $13.86 billion for the quarter, compared to the consensus estimate of $14.35 billion. During the same period last year, the firm earned $1.98 earnings per share. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. Sell-side analysts expect that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Wednesday, February 18th will be issued a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Wednesday, February 18th. ConocoPhillips’s payout ratio is presently 53.00%.

Insiders Place Their Bets

In other news, CEO Ryan Michael Lance sold 500,708 shares of the business’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $92.50, for a total value of $46,315,490.00. Following the completion of the sale, the chief executive officer owned 325,972 shares in the company, valued at approximately $30,152,410. The trade was a 60.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.24% of the stock is currently owned by company insiders.

ConocoPhillips Company Profile

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.