ConocoPhillips (NYSE:COP) Stock Holdings Lessened by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. reduced its stake in shares of ConocoPhillips (NYSE:COP) by 12.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,682 shares of the energy producer’s stock after selling 1,522 shares during the quarter. Institute for Wealth Management LLC.’s holdings in ConocoPhillips were worth $1,059,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Kennebec Savings Bank grew its holdings in shares of ConocoPhillips by 31.1% during the 4th quarter. Kennebec Savings Bank now owns 5,490 shares of the energy producer’s stock valued at $572,000 after acquiring an additional 1,301 shares in the last quarter. Integris Wealth Management LLC grew its stake in ConocoPhillips by 10.0% in the fourth quarter. Integris Wealth Management LLC now owns 2,550 shares of the energy producer’s stock valued at $253,000 after purchasing an additional 232 shares in the last quarter. AA Financial Advisors LLC increased its position in ConocoPhillips by 11.3% in the 4th quarter. AA Financial Advisors LLC now owns 7,681 shares of the energy producer’s stock worth $762,000 after purchasing an additional 777 shares during the last quarter. Hunter Associates Investment Management LLC raised its stake in shares of ConocoPhillips by 8.0% during the 4th quarter. Hunter Associates Investment Management LLC now owns 3,221 shares of the energy producer’s stock worth $322,000 after purchasing an additional 238 shares in the last quarter. Finally, Sonora Investment Management Group LLC lifted its holdings in shares of ConocoPhillips by 59.6% during the 4th quarter. Sonora Investment Management Group LLC now owns 9,771 shares of the energy producer’s stock valued at $969,000 after buying an additional 3,649 shares during the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Analyst Ratings Changes

COP has been the topic of a number of research reports. Wells Fargo & Company dropped their price objective on ConocoPhillips from $134.00 to $132.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Raymond James raised their price target on shares of ConocoPhillips from $148.00 to $157.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. TD Cowen initiated coverage on shares of ConocoPhillips in a research note on Friday, January 17th. They issued a “buy” rating and a $125.00 price objective for the company. Susquehanna increased their target price on shares of ConocoPhillips from $144.00 to $148.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Finally, Mizuho raised ConocoPhillips from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $132.00 to $134.00 in a research report on Monday, December 16th. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, ConocoPhillips presently has a consensus rating of “Buy” and an average price target of $135.89.

ConocoPhillips Price Performance

Shares of COP stock opened at $101.41 on Friday. The company has a market capitalization of $116.72 billion, a P/E ratio of 12.06, a P/E/G ratio of 0.78 and a beta of 1.19. The company has a current ratio of 1.30, a quick ratio of 1.16 and a debt-to-equity ratio of 0.34. ConocoPhillips has a 12 month low of $94.23 and a 12 month high of $135.18. The stock has a 50 day moving average of $102.29 and a two-hundred day moving average of $106.86.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, October 31st. The energy producer reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.10. The firm had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.97 billion. ConocoPhillips had a net margin of 17.29% and a return on equity of 19.53%. The business’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.16 EPS. As a group, equities analysts expect that ConocoPhillips will post 7.64 EPS for the current year.

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.