Huntleigh Advisors Inc. Has $1.09 Million Stock Position in ConocoPhillips $COP

Huntleigh Advisors Inc. reduced its position in shares of ConocoPhillips (NYSE:COPFree Report) by 36.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,678 shares of the energy producer’s stock after selling 6,653 shares during the period. Huntleigh Advisors Inc.’s holdings in ConocoPhillips were worth $1,093,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Cloud Capital Management LLC bought a new position in ConocoPhillips in the 3rd quarter valued at approximately $26,000. Strive Asset Management LLC bought a new position in ConocoPhillips in the 3rd quarter valued at approximately $28,000. KERR FINANCIAL PLANNING Corp bought a new position in ConocoPhillips in the 3rd quarter valued at approximately $28,000. Board of the Pension Protection Fund bought a new position in ConocoPhillips in the 4th quarter valued at approximately $28,000. Finally, Cedar Mountain Advisors LLC lifted its stake in ConocoPhillips by 58.0% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 316 shares of the energy producer’s stock valued at $30,000 after purchasing an additional 116 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Andrew D. Lundquist sold 34,500 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $119.68, for a total transaction of $4,128,960.00. Following the completion of the transaction, the senior vice president owned 17,469 shares of the company’s stock, valued at approximately $2,090,689.92. This trade represents a 66.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $1,733,345.92. Following the sale, the executive vice president owned 12,389 shares of the company’s stock, valued at approximately $1,478,751.04. This trade represents a 53.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 734,891 shares of company stock valued at $93,345,692. 0.09% of the stock is currently owned by company insiders.

ConocoPhillips Price Performance

COP stock opened at $121.63 on Friday. The company has a fifty day moving average price of $121.02 and a 200-day moving average price of $103.36. The company has a market capitalization of $148.25 billion, a P/E ratio of 19.18, a PEG ratio of 2.38 and a beta of 0.19. ConocoPhillips has a 52-week low of $84.28 and a 52-week high of $135.87. 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:COPGet Free Report) last released its quarterly earnings results on Thursday, February 5th. The energy producer reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.21). The business had revenue of $13.86 billion for the quarter, compared to the consensus estimate of $14.35 billion. ConocoPhillips had a net margin of 12.98% and a return on equity of 11.90%. ConocoPhillips’s revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.98 EPS. As a group, equities analysts expect that ConocoPhillips will post 7.3 EPS for the current year.

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Wednesday, February 18th were paid a dividend of $0.84 per share. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $3.36 annualized dividend and a dividend yield of 2.8%. ConocoPhillips’s dividend payout ratio (DPR) is presently 53.00%.

Key Stories Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

Analyst Upgrades and Downgrades

Several brokerages recently commented on COP. Morgan Stanley increased their price objective on shares of ConocoPhillips from $108.00 to $149.00 and gave the company an “overweight” rating in a research note on Friday, March 27th. Wall Street Zen raised shares of ConocoPhillips from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. The Goldman Sachs Group increased their price objective on shares of ConocoPhillips from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Wells Fargo & Company increased their price objective on shares of ConocoPhillips from $132.00 to $133.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Finally, Citigroup raised their price target on shares of ConocoPhillips from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $131.36.

Check Out Our Latest Analysis on COP

ConocoPhillips Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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