Peterson Wealth Services Raises Stock Holdings in ConocoPhillips (NYSE:COP)

Peterson Wealth Services grew its stake in ConocoPhillips (NYSE:COP) by 20.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,496 shares of the energy producer’s stock after buying an additional 5,983 shares during the quarter. ConocoPhillips makes up 1.8% of Peterson Wealth Services’ portfolio, making the stock its 17th biggest holding. Peterson Wealth Services’ holdings in ConocoPhillips were worth $4,120,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Norris Perne & French LLP MI boosted its stake in shares of ConocoPhillips by 1.9% in the third quarter. Norris Perne & French LLP MI now owns 4,364 shares of the energy producer’s stock worth $523,000 after acquiring an additional 80 shares during the period. Sloy Dahl & Holst LLC boosted its stake in shares of ConocoPhillips by 3.3% in the third quarter. Sloy Dahl & Holst LLC now owns 2,629 shares of the energy producer’s stock worth $315,000 after acquiring an additional 85 shares during the period. Mascoma Wealth Management LLC boosted its stake in shares of ConocoPhillips by 35.9% in the third quarter. Mascoma Wealth Management LLC now owns 333 shares of the energy producer’s stock worth $40,000 after acquiring an additional 88 shares during the period. CRA Financial Services LLC boosted its stake in shares of ConocoPhillips by 1.9% in the third quarter. CRA Financial Services LLC now owns 4,702 shares of the energy producer’s stock worth $563,000 after acquiring an additional 89 shares during the period. Finally, KLCM Advisors Inc. boosted its stake in shares of ConocoPhillips by 2.8% in the third quarter. KLCM Advisors Inc. now owns 3,305 shares of the energy producer’s stock worth $396,000 after acquiring an additional 89 shares during the period. Institutional investors own 82.36% of the company’s stock.

Analysts Set New Price Targets

COP has been the subject of a number of recent analyst reports. Truist Financial dropped their price objective on ConocoPhillips from $173.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, April 5th. UBS Group increased their price target on ConocoPhillips from $138.00 to $143.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. Morgan Stanley increased their price target on ConocoPhillips from $123.00 to $129.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Mizuho reissued a “neutral” rating and set a $139.00 price target (up from $132.00) on shares of ConocoPhillips in a research note on Friday, March 22nd. Finally, Wells Fargo & Company increased their price target on ConocoPhillips from $141.00 to $149.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, ConocoPhillips presently has an average rating of “Moderate Buy” and a consensus price target of $142.00.

Insider Transactions at ConocoPhillips

In other news, VP Christopher P. Delk sold 8,505 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $112.06, for a total value of $953,070.30. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, VP Christopher P. Delk sold 8,505 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $112.06, for a total value of $953,070.30. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Heather G. Hrap sold 4,548 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $110.55, for a total value of $502,781.40. Following the transaction, the senior vice president now owns 2,654 shares in the company, valued at $293,399.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 700,775 shares of company stock worth $87,615,169. 0.34% of the stock is currently owned by company insiders.

ConocoPhillips Trading Down 0.3 %

Shares of NYSE:COP traded down $0.35 during trading on Thursday, hitting $127.98. The company had a trading volume of 580,520 shares, compared to its average volume of 5,410,835. The stock has a market cap of $150.56 billion, a price-to-earnings ratio of 14.14, a price-to-earnings-growth ratio of 2.77 and a beta of 1.24. ConocoPhillips has a one year low of $95.70 and a one year high of $135.18. The company has a fifty day simple moving average of $119.92 and a two-hundred day simple moving average of $117.01. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 1.29.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, February 8th. The energy producer reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.32. ConocoPhillips had a return on equity of 22.08% and a net margin of 18.71%. The firm had revenue of $15.31 billion for the quarter, compared to the consensus estimate of $14.47 billion. During the same period in the prior year, the business posted $2.71 earnings per share. As a group, equities analysts forecast that ConocoPhillips will post 9.35 earnings per share for the current year.

ConocoPhillips Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 19th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.44%. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.58. The ex-dividend date was Thursday, February 15th. ConocoPhillips’s dividend payout ratio is presently 25.61%.

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.