Tradewinds LLC. Makes New $335,000 Investment in ConocoPhillips (NYSE:COP)

Tradewinds LLC. acquired a new stake in ConocoPhillips (NYSE:COP) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 3,273 shares of the energy producer’s stock, valued at approximately $335,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mosaic Financial Group LLC boosted its holdings in ConocoPhillips by 2.1% during the 4th quarter. Mosaic Financial Group LLC now owns 14,972 shares of the energy producer’s stock valued at $1,485,000 after acquiring an additional 314 shares during the period. HighPoint Advisor Group LLC grew its holdings in shares of ConocoPhillips by 12.9% in the fourth quarter. HighPoint Advisor Group LLC now owns 32,425 shares of the energy producer’s stock worth $3,293,000 after purchasing an additional 3,716 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of ConocoPhillips by 6.4% in the fourth quarter. Franklin Resources Inc. now owns 14,420,058 shares of the energy producer’s stock worth $1,430,034,000 after buying an additional 862,707 shares during the period. Rodgers Brothers Inc. raised its holdings in ConocoPhillips by 25.8% during the 4th quarter. Rodgers Brothers Inc. now owns 7,449 shares of the energy producer’s stock valued at $739,000 after buying an additional 1,529 shares during the last quarter. Finally, Seven Mile Advisory purchased a new stake in ConocoPhillips during the 4th quarter valued at $257,000. Institutional investors own 82.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of ConocoPhillips from $127.00 to $115.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. UBS Group cut their price objective on ConocoPhillips from $140.00 to $137.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Piper Sandler decreased their target price on ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Raymond James cut shares of ConocoPhillips from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $157.00 to $124.00 in a report on Monday, February 10th. Finally, Wells Fargo & Company decreased their price objective on shares of ConocoPhillips from $132.00 to $128.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, ConocoPhillips presently has an average rating of “Moderate Buy” and an average price target of $132.95.

ConocoPhillips Stock Up 0.3 %

COP stock opened at $105.35 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. The business has a 50 day moving average of $98.96 and a 200 day moving average of $103.31. ConocoPhillips has a twelve month low of $86.81 and a twelve month high of $135.18. The firm has a market cap of $134.05 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 0.79 and a beta of 1.12.

ConocoPhillips (NYSE:COP) last posted its quarterly 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, research analysts forecast that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend was Friday, February 14th. ConocoPhillips’s payout ratio is 40.05%.

About ConocoPhillips

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.