Uncommon Cents Investing LLC Sells 1,930 Shares of ConocoPhillips (NYSE:COP)

Uncommon Cents Investing LLC cut its holdings in shares of ConocoPhillips (NYSE:COPGet Rating) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,955 shares of the energy producer’s stock after selling 1,930 shares during the quarter. ConocoPhillips comprises 2.9% of Uncommon Cents Investing LLC’s portfolio, making the stock its 5th biggest holding. Uncommon Cents Investing LLC’s holdings in ConocoPhillips were worth $7,360,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in COP. Gotham Asset Management LLC grew its holdings in ConocoPhillips by 635.6% in the 4th quarter. Gotham Asset Management LLC now owns 32,255 shares of the energy producer’s stock valued at $2,328,000 after buying an additional 27,870 shares in the last quarter. Mutual Advisors LLC lifted its position in shares of ConocoPhillips by 22.7% during the 4th quarter. Mutual Advisors LLC now owns 13,876 shares of the energy producer’s stock worth $1,002,000 after buying an additional 2,566 shares during the last quarter. Liberty Capital Management Inc. bought a new stake in shares of ConocoPhillips during the 4th quarter worth $202,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of ConocoPhillips by 1.5% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 55,443 shares of the energy producer’s stock worth $4,002,000 after buying an additional 799 shares during the last quarter. Finally, Navellier & Associates Inc. bought a new stake in shares of ConocoPhillips during the 4th quarter worth $3,899,000. 79.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Mizuho dropped their price objective on ConocoPhillips from $148.00 to $138.00 and set a “buy” rating for the company in a research report on Thursday, August 18th. MKM Partners upped their price objective on ConocoPhillips from $110.00 to $118.00 and gave the stock a “buy” rating in a research report on Friday, August 26th. Piper Sandler increased their target price on ConocoPhillips from $123.00 to $134.00 and gave the company an “overweight” rating in a research report on Monday, September 12th. Bank of America increased their target price on ConocoPhillips from $134.00 to $140.00 and gave the company a “buy” rating in a research report on Monday. Finally, Truist Financial dropped their target price on ConocoPhillips from $126.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, July 13th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $121.79.

ConocoPhillips Stock Down 8.1 %

ConocoPhillips stock traded down $8.88 during mid-day trading on Friday, reaching $101.18. The stock had a trading volume of 368,813 shares, compared to its average volume of 6,914,243. ConocoPhillips has a fifty-two week low of $62.25 and a fifty-two week high of $124.08. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.54. The stock’s 50-day simple moving average is $102.42 and its 200-day simple moving average is $101.24. The firm has a market capitalization of $130.87 billion, a PE ratio of 8.30, a price-to-earnings-growth ratio of 0.39 and a beta of 1.31.

ConocoPhillips (NYSE:COPGet Rating) last posted its earnings results on Thursday, August 4th. The energy producer reported $3.91 earnings per share for the quarter, missing analysts’ consensus estimates of $3.95 by ($0.04). ConocoPhillips had a net margin of 23.10% and a return on equity of 31.24%. During the same period in the prior year, the business posted $1.27 earnings per share. On average, sell-side analysts forecast that ConocoPhillips will post 14.54 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently announced a None dividend, which was paid on Thursday, September 1st. Stockholders of record on Tuesday, August 16th were issued a $1.40 dividend. The ex-dividend date was Thursday, September 29th. ConocoPhillips’s dividend payout ratio is presently 15.19%.

Insider Buying and Selling

In related news, EVP Nicholas G. Olds sold 10,950 shares of ConocoPhillips stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $116.52, for a total transaction of $1,275,894.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.08% of the stock is currently owned by corporate insiders.

About ConocoPhillips

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ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. It primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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