AJOVista LLC Buys Shares of 1,660 ConocoPhillips (NYSE:COP)

AJOVista LLC purchased a new position in ConocoPhillips (NYSE:COP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,660 shares of the energy producer’s stock, valued at approximately $193,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Brookstone Capital Management boosted its holdings in shares of ConocoPhillips by 6.6% in the 3rd quarter. Brookstone Capital Management now owns 7,509 shares of the energy producer’s stock worth $949,000 after purchasing an additional 464 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in ConocoPhillips by 1.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 357,367 shares of the energy producer’s stock worth $42,813,000 after buying an additional 3,893 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in ConocoPhillips by 7.0% during the third quarter. Stratos Wealth Partners LTD. now owns 24,607 shares of the energy producer’s stock valued at $2,948,000 after acquiring an additional 1,610 shares during the last quarter. Channel Wealth LLC purchased a new position in shares of ConocoPhillips during the third quarter worth approximately $205,000. Finally, Horst & Graben Wealth Management LLC lifted its holdings in shares of ConocoPhillips by 29.1% in the 3rd quarter. Horst & Graben Wealth Management LLC now owns 3,431 shares of the energy producer’s stock worth $411,000 after acquiring an additional 774 shares during the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.

ConocoPhillips Stock Down 0.0 %

COP traded down $0.02 on Friday, hitting $122.23. The company had a trading volume of 5,020,657 shares, compared to its average volume of 4,434,834. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.35 and a quick ratio of 1.29. ConocoPhillips has a 52-week low of $95.81 and a 52-week high of $135.18. The stock has a fifty day simple moving average of $123.85 and a 200-day simple moving average of $117.73. The firm has a market capitalization of $143.79 billion, a P/E ratio of 13.84, a P/E/G ratio of 2.68 and a beta of 1.25.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, February 8th. The energy producer reported $2.40 EPS for the quarter, topping the consensus estimate of $2.08 by $0.32. ConocoPhillips had a net margin of 18.40% and a return on equity of 20.85%. The business had revenue of $15.31 billion during the quarter, compared to analyst estimates of $14.47 billion. During the same period last year, the business posted $2.71 earnings per share. As a group, equities analysts expect that ConocoPhillips will post 9.1 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 13th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $3.12 annualized dividend and a yield of 2.55%. ConocoPhillips’s dividend payout ratio (DPR) is presently 26.27%.

Insiders Place Their Bets

In other news, SVP Heather G. Hrap sold 4,548 shares of ConocoPhillips stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $110.55, for a total transaction of $502,781.40. Following the completion of the transaction, the senior vice president now directly owns 2,654 shares in the company, valued at $293,399.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Christopher P. Delk sold 8,505 shares of the business’s 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 legal filing with the SEC, which can be accessed through this link. Also, SVP Heather G. Hrap sold 4,548 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 2,654 shares in the company, valued at $293,399.70. The disclosure for this sale can be found here. Insiders sold 700,775 shares of company stock worth $87,615,169 over the last three months. Company insiders own 0.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on COP. Mizuho reiterated a “neutral” rating and issued a $139.00 target price (up previously from $132.00) on shares of ConocoPhillips in a research report on Friday, March 22nd. Truist Financial reduced their price objective on ConocoPhillips from $170.00 to $160.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Raymond James reduced their price objective on ConocoPhillips from $140.00 to $137.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 24th. Barclays started coverage on ConocoPhillips in a research note on Wednesday, April 10th. They set an “overweight” rating and a $158.00 price objective on the stock. Finally, Wells Fargo & Company raised their price objective on ConocoPhillips from $149.00 to $151.00 and gave the company an “overweight” rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $142.76.

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.