Your Advocates Ltd. LLP Buys 1,069 Shares of ConocoPhillips (NYSE:COP)

Your Advocates Ltd. LLP increased its stake in ConocoPhillips (NYSE:COP) by 14.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,309 shares of the energy producer’s stock after purchasing an additional 1,069 shares during the quarter. ConocoPhillips makes up approximately 0.3% of Your Advocates Ltd. LLP’s portfolio, making the stock its 16th biggest holding. Your Advocates Ltd. LLP’s holdings in ConocoPhillips were worth $824,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Values First Advisors Inc. bought a new stake in ConocoPhillips during the 3rd quarter valued at $26,000. Albion Financial Group UT raised its holdings in ConocoPhillips by 876.9% during the 4th quarter. Albion Financial Group UT now owns 254 shares of the energy producer’s stock valued at $25,000 after acquiring an additional 228 shares during the period. Centricity Wealth Management LLC bought a new stake in ConocoPhillips during the 4th quarter valued at $27,000. Reston Wealth Management LLC bought a new stake in ConocoPhillips during the 3rd quarter valued at $31,000. Finally, Truvestments Capital LLC bought a new stake in ConocoPhillips during the 3rd quarter valued at $31,000. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Stock Down 4.0 %

COP opened at $97.90 on Friday. The stock has a market cap of $124.57 billion, a PE ratio of 12.57, a P/E/G ratio of 0.79 and a beta of 1.18. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. ConocoPhillips has a 52 week low of $94.23 and a 52 week high of $135.18. The business’s fifty day simple moving average is $100.11 and its 200 day simple moving average is $105.44.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. As a group, research analysts expect that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.19%. ConocoPhillips’s dividend payout ratio (DPR) is currently 40.05%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on COP. Evercore ISI reissued an “outperform” rating and set a $165.00 target price on shares of ConocoPhillips in a report on Friday, December 6th. JPMorgan Chase & Co. raised shares of ConocoPhillips from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $120.00 to $123.00 in a report on Thursday, December 5th. Piper Sandler decreased their price target on shares of ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Barclays lowered their price objective on ConocoPhillips from $137.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Finally, Susquehanna increased their price objective on ConocoPhillips from $144.00 to $148.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, ConocoPhillips currently has an average rating of “Moderate Buy” and a consensus target price of $133.47.

Insider Activity

In other ConocoPhillips news, Director R A. Walker bought 10,400 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were bought at an average cost of $97.80 per share, with a total value of $1,017,120.00. Following the completion of the purchase, the director now directly owns 38,000 shares of the company’s stock, valued at $3,716,400. This trade represents a 37.68 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Arjun N. Murti bought 2,500 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was acquired at an average cost of $95.87 per share, for a total transaction of $239,675.00. Following the completion of the purchase, the director now directly owns 21,500 shares of the company’s stock, valued at $2,061,205. The trade was a 13.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.34% of the company’s stock.

ConocoPhillips 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.