ConocoPhillips (NYSE:COP) Shares Bought by Platform Technology Partners

Platform Technology Partners increased its holdings in ConocoPhillips (NYSE:COP) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,907 shares of the energy producer’s stock after acquiring an additional 483 shares during the quarter. Platform Technology Partners’ holdings in ConocoPhillips were worth $1,379,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. AMF Tjanstepension AB increased its stake in shares of 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 buying an additional 52,334 shares during the last quarter. Brookstone Capital Management grew its holdings in ConocoPhillips by 12.7% during the 3rd quarter. Brookstone Capital Management now owns 8,472 shares of the energy producer’s stock worth $892,000 after acquiring an additional 957 shares in the last quarter. CWM LLC increased its position in shares of ConocoPhillips by 6.4% in the 3rd quarter. CWM LLC now owns 46,650 shares of the energy producer’s stock worth $4,911,000 after purchasing an additional 2,805 shares during the last quarter. Perpetual Ltd raised its stake in shares of ConocoPhillips by 40.1% in the 3rd quarter. Perpetual Ltd now owns 16,097 shares of the energy producer’s stock valued at $1,695,000 after purchasing an additional 4,609 shares in the last quarter. Finally, WealthBridge Investment Counsel Inc. lifted its position in shares of ConocoPhillips by 2.1% during the third quarter. WealthBridge Investment Counsel Inc. now owns 28,990 shares of the energy producer’s stock worth $3,052,000 after purchasing an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.

ConocoPhillips Trading Down 1.6 %

Shares of COP stock opened at $98.34 on Friday. ConocoPhillips has a 1 year low of $94.23 and a 1 year high of $135.18. The firm has a market capitalization of $113.18 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 0.76 and a beta of 1.18. The stock has a fifty day moving average of $101.25 and a two-hundred day moving average of $106.28. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.16 and a current ratio of 1.30.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.20. ConocoPhillips had a net margin of 17.29% and a return on equity of 19.53%. As a group, research analysts expect that ConocoPhillips will post 7.64 EPS for the current year.

ConocoPhillips Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.17%. ConocoPhillips’s dividend payout ratio is presently 40.05%.

Analyst Ratings Changes

COP has been the subject of several research analyst reports. Piper Sandler lowered their price objective on ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Mizuho upgraded ConocoPhillips from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $132.00 to $134.00 in a report on Monday, December 16th. Susquehanna raised their price objective on ConocoPhillips from $144.00 to $148.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. upgraded shares of ConocoPhillips from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $120.00 to $123.00 in a research note on Thursday, December 5th. Finally, TD Cowen initiated coverage on shares of ConocoPhillips in a research report on Friday, January 17th. They issued a “buy” rating and a $125.00 price target on the stock. Two 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 company’s stock. According to MarketBeat, ConocoPhillips has an average rating of “Buy” and a consensus target price of $135.89.

Insider Buying and Selling

In other ConocoPhillips news, Director Arjun N. Murti acquired 2,500 shares of ConocoPhillips stock in a transaction dated Friday, December 20th. The stock was bought at an average price of $95.87 per share, for a total transaction of $239,675.00. Following the transaction, the director now owns 21,500 shares in the company, valued at approximately $2,061,205. This trade represents a 13.16 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director R A. Walker bought 10,400 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was acquired at an average price of $97.80 per share, for a total transaction 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 represents a 37.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.34% of the stock is owned by corporate insiders.

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.