Checchi Capital Advisers LLC Has $1.44 Million Stock Holdings in ConocoPhillips (NYSE:COP)

Checchi Capital Advisers LLC lifted its holdings in ConocoPhillips (NYSE:COP) by 11.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,466 shares of the energy producer’s stock after purchasing an additional 1,540 shares during the period. Checchi Capital Advisers LLC’s holdings in ConocoPhillips were worth $1,435,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Sabal Trust CO acquired a new stake in ConocoPhillips in the 4th quarter worth approximately $209,000. National Pension Service grew its holdings in ConocoPhillips by 1.3% in the 4th quarter. National Pension Service now owns 2,379,969 shares of the energy producer’s stock valued at $236,022,000 after buying an additional 31,554 shares during the last quarter. Argonautica Private Wealth Management Inc. grew its stake in shares of ConocoPhillips by 20.7% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 22,214 shares of the energy producer’s stock worth $2,203,000 after acquiring an additional 3,814 shares during the last quarter. Advisor OS LLC increased its holdings in shares of ConocoPhillips by 13.1% during the 4th quarter. Advisor OS LLC now owns 4,123 shares of the energy producer’s stock worth $409,000 after purchasing an additional 477 shares during the period. Finally, Richard Bernstein Advisors LLC raised its position in shares of ConocoPhillips by 45.1% during the fourth quarter. Richard Bernstein Advisors LLC now owns 45,539 shares of the energy producer’s stock valued at $4,516,000 after buying an additional 14,151 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips Stock Down 1.9 %

COP opened at $96.99 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29. The company has a market capitalization of $123.41 billion, a P/E ratio of 12.45, a P/E/G ratio of 0.79 and a beta of 1.18. ConocoPhillips has a fifty-two week low of $94.23 and a fifty-two week high of $135.18. The stock has a fifty day moving average of $100.07 and a 200-day moving average of $105.28.

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

ConocoPhillips Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $3.12 annualized dividend and a dividend yield of 3.22%. ConocoPhillips’s dividend payout ratio (DPR) is presently 40.05%.

Insider Activity

In other news, Director Arjun N. Murti purchased 2,500 shares of the stock in a transaction on Friday, December 20th. The stock was purchased at an average price of $95.87 per share, for a total transaction of $239,675.00. Following the acquisition, the director now owns 21,500 shares in the company, valued at $2,061,205. This trade represents a 13.16 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director R A. Walker acquired 10,400 shares of ConocoPhillips stock in a transaction dated Tuesday, December 17th. The stock was purchased at an average cost of $97.80 per share, for a total transaction of $1,017,120.00. Following the completion of the purchase, the director now owns 38,000 shares in the company, valued at approximately $3,716,400. The trade was a 37.68 % increase in their position. The disclosure for this purchase can be found here. 0.34% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on COP shares. Truist Financial upped their price target on ConocoPhillips from $138.00 to $139.00 and gave the company a “buy” rating in a report on Monday, January 13th. Susquehanna upped their target price on ConocoPhillips from $144.00 to $148.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Evercore ISI reiterated an “outperform” rating and set a $165.00 price target on shares of ConocoPhillips in a research note on Friday, December 6th. UBS Group dropped their price objective on shares of ConocoPhillips from $140.00 to $137.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. raised shares of ConocoPhillips from a “neutral” rating to an “overweight” rating and upped their target price for the company from $120.00 to $123.00 in a research note on Thursday, December 5th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $133.47.

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.