ConocoPhillips (NYSE:COP) Stock Holdings Raised by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. boosted its position in ConocoPhillips (NYSE:COP) by 33.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,896 shares of the energy producer’s stock after buying an additional 7,937 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in ConocoPhillips were worth $3,163,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of COP. AMF Tjanstepension AB boosted its holdings in ConocoPhillips by 4.7% in the third quarter. AMF Tjanstepension AB now owns 1,163,724 shares of the energy producer’s stock worth $122,628,000 after purchasing an additional 52,334 shares during the period. Brookstone Capital Management boosted its holdings in shares of ConocoPhillips by 12.7% in the 3rd quarter. Brookstone Capital Management now owns 8,472 shares of the energy producer’s stock valued at $892,000 after buying an additional 957 shares during the period. Daymark Wealth Partners LLC boosted its holdings in shares of ConocoPhillips by 23.5% in the 3rd quarter. Daymark Wealth Partners LLC now owns 12,929 shares of the energy producer’s stock valued at $1,361,000 after buying an additional 2,459 shares during the period. CWM LLC raised its stake in ConocoPhillips by 6.4% during the third quarter. CWM LLC now owns 46,650 shares of the energy producer’s stock worth $4,911,000 after acquiring an additional 2,805 shares during the period. Finally, Perpetual Ltd lifted its holdings in ConocoPhillips by 40.1% in the third quarter. Perpetual Ltd now owns 16,097 shares of the energy producer’s stock worth $1,695,000 after acquiring an additional 4,609 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

COP has been the subject of several recent research reports. Evercore ISI reaffirmed an “outperform” rating and set a $165.00 target price on shares of ConocoPhillips in a report on Friday, December 6th. Scotiabank lowered their price objective on ConocoPhillips from $120.00 to $115.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Mizuho upgraded ConocoPhillips from a “neutral” rating to an “outperform” rating and raised their target price for the company from $132.00 to $134.00 in a research note on Monday, December 16th. Wells Fargo & Company reduced their price target on shares of ConocoPhillips from $134.00 to $132.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Finally, Raymond James increased their price objective on shares of ConocoPhillips from $148.00 to $157.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $135.89.

ConocoPhillips Trading Down 0.3 %

Shares of ConocoPhillips stock opened at $99.93 on Friday. The business has a fifty day simple moving average of $101.40 and a 200-day simple moving average of $106.32. ConocoPhillips has a fifty-two week low of $94.23 and a fifty-two week high of $135.18. The firm has a market cap of $115.01 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 0.76 and a beta of 1.18. The company has a quick ratio of 1.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.34.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.20. ConocoPhillips had a net margin of 17.29% and a return on equity of 19.53%. On average, equities analysts forecast that ConocoPhillips will post 7.64 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 3.12%. ConocoPhillips’s payout ratio is 37.10%.

ConocoPhillips Company 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.