Lynx Investment Advisory Sells 148 Shares of ConocoPhillips (NYSE:COP)

Lynx Investment Advisory decreased its position in shares of ConocoPhillips (NYSE:COP) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,585 shares of the energy producer’s stock after selling 148 shares during the period. Lynx Investment Advisory’s holdings in ConocoPhillips were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Corebridge Financial Inc. lifted its position in shares of ConocoPhillips by 4.4% during the fourth quarter. Corebridge Financial Inc. now owns 297,300 shares of the energy producer’s stock worth $29,483,000 after purchasing an additional 12,420 shares in the last quarter. United Services Automobile Association lifted its holdings in ConocoPhillips by 1.6% during the 4th quarter. United Services Automobile Association now owns 162,762 shares of the energy producer’s stock worth $16,141,000 after buying an additional 2,528 shares in the last quarter. Twin City Private Wealth LLC boosted its position in ConocoPhillips by 3.4% in the 4th quarter. Twin City Private Wealth LLC now owns 7,591 shares of the energy producer’s stock valued at $753,000 after buying an additional 250 shares during the last quarter. Crowley Wealth Management Inc. acquired a new stake in shares of ConocoPhillips in the 4th quarter valued at $32,000. Finally, Vanguard Group Inc. raised its position in shares of ConocoPhillips by 11.7% during the fourth quarter. Vanguard Group Inc. now owns 121,826,062 shares of the energy producer’s stock worth $12,081,491,000 after acquiring an additional 12,751,120 shares during the last quarter. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Stock Performance

COP stock opened at $102.05 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14. ConocoPhillips has a 1 year low of $86.81 and a 1 year high of $135.18. The company has a market cap of $129.84 billion, a P/E ratio of 13.10, a price-to-earnings-growth ratio of 0.79 and a beta of 1.12. The stock’s fifty day moving average price is $99.21 and its 200-day moving average price is $103.37.

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

ConocoPhillips Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date was Friday, February 14th. ConocoPhillips’s payout ratio is presently 40.05%.

Analyst Upgrades and Downgrades

COP has been the topic of several recent research reports. Raymond James lowered shares of ConocoPhillips from a “strong-buy” rating to an “outperform” rating and reduced their target price for the company from $157.00 to $124.00 in a research note on Monday, February 10th. Morgan Stanley began coverage on ConocoPhillips in a research note on Monday, December 16th. They issued an “overweight” rating and a $128.00 price target on the stock. Wells Fargo & Company decreased their price target on shares of ConocoPhillips from $132.00 to $128.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. TD Cowen began coverage on ConocoPhillips in a research note on Friday, January 17th. They set a “buy” rating and a $125.00 price objective on the stock. Finally, JPMorgan Chase & Co. lowered their price target on ConocoPhillips from $127.00 to $115.00 and set an “overweight” rating on the stock in a research report on Thursday, March 13th. Two equities research 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $133.05.

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.