Ayrshire Capital Management LLC Has $953,000 Position in ConocoPhillips (NYSE:COP)

Ayrshire Capital Management LLC boosted its holdings in shares of ConocoPhillips (NYSE:COP – Get Rating) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,080 shares of the energy producer’s stock after buying an additional 267 shares during the period. Ayrshire Capital Management LLC’s holdings in ConocoPhillips were worth $953,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Whalerock Point Partners LLC acquired a new stake in ConocoPhillips during the third quarter worth $204,680,000. Semmax Financial Advisors Inc. acquired a new stake in ConocoPhillips during the third quarter worth $33,000. Delos Wealth Advisors LLC boosted its stake in ConocoPhillips by 102.0% during the third quarter. Delos Wealth Advisors LLC now owns 297 shares of the energy producer’s stock worth $30,000 after buying an additional 150 shares in the last quarter. Phocas Financial Corp. acquired a new stake in ConocoPhillips during the fourth quarter worth $35,000. Finally, Activest Wealth Management boosted its stake in shares of ConocoPhillips by 30,200.0% in the 3rd quarter. Activest Wealth Management now owns 303 shares of the energy producer’s stock valued at $31,000 after purchasing an additional 302 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Analysts Set New Price Targets

COP has been the topic of several recent analyst reports. Scotiabank downgraded shares of ConocoPhillips from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the company from $145.00 to $140.00 in a research note on Tuesday, January 17th. Truist Financial boosted their target price on shares of ConocoPhillips from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, February 3rd. Capital One Financial downgraded shares of ConocoPhillips from an “overweight” rating to an “equal weight” rating and set a $102.00 target price on the stock. in a research note on Friday, February 3rd. StockNews.com initiated coverage on shares of ConocoPhillips in a research note on Thursday. They issued a “hold” rating on the stock. Finally, Citigroup reduced their target price on shares of ConocoPhillips from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, February 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, ConocoPhillips has a consensus rating of “Moderate Buy” and a consensus price target of $136.86.

Insider Transactions at ConocoPhillips

In other ConocoPhillips news, Director R A. Walker bought 4,800 shares of ConocoPhillips stock in a transaction dated Wednesday, February 22nd. The stock was bought at an average cost of $103.00 per share, with a total value of $494,400.00. Following the completion of the acquisition, the director now directly owns 27,600 shares in the company, valued at approximately $2,842,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.08% of the company’s stock.

ConocoPhillips Price Performance

Shares of NYSE:COP opened at $94.39 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 1.36. ConocoPhillips has a one year low of $78.30 and a one year high of $138.49. The company has a market cap of $115.04 billion, a price-to-earnings ratio of 6.51, a PEG ratio of 0.45 and a beta of 1.29. The firm has a 50 day simple moving average of $111.37 and a 200 day simple moving average of $115.73.

ConocoPhillips (NYSE:COP – Get Rating) last released its quarterly earnings results on Thursday, February 2nd. The energy producer reported $2.71 EPS for the quarter, missing analysts’ consensus estimates of $2.72 by ($0.01). The company had revenue of $19.26 billion during the quarter, compared to the consensus estimate of $18.16 billion. ConocoPhillips had a net margin of 22.74% and a return on equity of 35.30%. The company’s quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.27 EPS. Research analysts predict that ConocoPhillips will post 11.79 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Wednesday, March 29th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Tuesday, March 28th. ConocoPhillips’s dividend payout ratio (DPR) is currently 14.06%.

ConocoPhillips Company Profile

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ConocoPhillips engages in the exploration, production, transportation and marketing of crude oil, bitumen, natural gas, natural gas liquids, and liquefied natural gas on a worldwide basis. It operates through the following geographical segments: Alaska, Lower 48, Canada, Europe, Middle East and North Africa, Asia Pacific, and Other International.