ConocoPhillips $COP Stock Holdings Decreased by Yousif Capital Management LLC

Yousif Capital Management LLC lowered its stake in ConocoPhillips (NYSE:COP) by 6.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 150,319 shares of the energy producer’s stock after selling 10,973 shares during the period. Yousif Capital Management LLC’s holdings in ConocoPhillips were worth $14,358,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of COP. Master S Wealth Management Inc. increased its holdings in shares of ConocoPhillips by 5.3% in the 4th quarter. Master S Wealth Management Inc. now owns 3,630 shares of the energy producer’s stock valued at $340,000 after acquiring an additional 183 shares during the last quarter. 4WEALTH Advisors Inc. increased its holdings in shares of ConocoPhillips by 11.4% in the 4th quarter. 4WEALTH Advisors Inc. now owns 4,276 shares of the energy producer’s stock valued at $400,000 after acquiring an additional 437 shares during the last quarter. Perfromance Wealth Partners LLC bought a new stake in shares of ConocoPhillips in the 4th quarter valued at approximately $284,000. Crux Wealth Advisors grew its position in shares of ConocoPhillips by 1.3% during the 4th quarter. Crux Wealth Advisors now owns 13,565 shares of the energy producer’s stock valued at $1,270,000 after buying an additional 170 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV grew its position in shares of ConocoPhillips by 4.0% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 36,473 shares of the energy producer’s stock valued at $3,414,000 after buying an additional 1,407 shares during the last quarter. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Price Performance

NYSE COP opened at $131.45 on Wednesday. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $135.87. The company has a current ratio of 1.30, a quick ratio of 1.14 and a debt-to-equity ratio of 0.35. The stock has a market cap of $160.22 billion, a price-to-earnings ratio of 20.73, a price-to-earnings-growth ratio of 2.53 and a beta of 0.19. The company has a 50-day moving average price of $117.22 and a two-hundred day moving average price of $101.02.

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

ConocoPhillips Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Wednesday, February 18th were given a $0.84 dividend. The ex-dividend date was Wednesday, February 18th. This represents a $3.36 annualized dividend and a yield of 2.6%. ConocoPhillips’s dividend payout ratio is 53.00%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Capital One Financial boosted their price objective on shares of ConocoPhillips from $116.00 to $156.00 and gave the company an “equal weight” rating in a research report on Thursday, March 26th. Piper Sandler boosted their price objective on shares of ConocoPhillips from $111.00 to $154.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ConocoPhillips in a research report on Monday, December 29th. Susquehanna boosted their price objective on shares of ConocoPhillips from $115.00 to $121.00 and gave the company a “positive” rating in a research report on Friday, February 6th. Finally, Morgan Stanley upped their price objective on ConocoPhillips from $108.00 to $149.00 and gave the stock an “overweight” rating in a research note on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $125.60.

Insider Buying and Selling

In other news, SVP Kelly Brunetti Rose sold 8,500 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $118.04, for a total value of $1,003,340.00. Following the completion of the transaction, the senior vice president owned 32,984 shares of the company’s stock, valued at approximately $3,893,431.36. This represents a 20.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Nicholas G. Olds sold 14,522 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $119.36, for a total value of $1,733,345.92. Following the completion of the transaction, the executive vice president directly owned 12,389 shares of the company’s stock, valued at approximately $1,478,751.04. The trade was a 53.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 734,891 shares of company stock valued at $93,345,692. Company insiders own 0.24% of the company’s stock.

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.