3,784 Shares in ConocoPhillips (NYSE:COP) Acquired by Carrera Capital Advisors

Carrera Capital Advisors acquired a new stake in ConocoPhillips (NYSE:COP) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,784 shares of the energy producer’s stock, valued at approximately $375,000.

Several other institutional investors and hedge funds have also bought and sold shares of COP. Chicago Partners Investment Group LLC grew its stake in shares of ConocoPhillips by 19.2% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 6,090 shares of the energy producer’s stock worth $636,000 after acquiring an additional 980 shares during the period. Janney Montgomery Scott LLC lifted its holdings in ConocoPhillips by 2.0% during the third quarter. Janney Montgomery Scott LLC now owns 297,777 shares of the energy producer’s stock valued at $31,350,000 after purchasing an additional 5,783 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in ConocoPhillips by 18.1% during the third quarter. Harbor Capital Advisors Inc. now owns 1,648 shares of the energy producer’s stock worth $174,000 after purchasing an additional 253 shares during the period. Intact Investment Management Inc. bought a new position in ConocoPhillips during the third quarter worth about $5,259,000. Finally, Quintet Private Bank Europe S.A. increased its stake in shares of ConocoPhillips by 14.2% in the third quarter. Quintet Private Bank Europe S.A. now owns 1,283 shares of the energy producer’s stock worth $135,000 after purchasing an additional 160 shares in the last quarter. 82.36% of the stock is owned by institutional investors.

ConocoPhillips Trading Down 2.2 %

Shares of NYSE:COP opened at $90.62 on Wednesday. ConocoPhillips has a 52-week low of $88.47 and a 52-week high of $135.18. The stock has a market capitalization of $115.31 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 0.79 and a beta of 1.18. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29. The stock’s 50-day simple moving average is $99.99 and its two-hundred day simple moving average is $104.75.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 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%. Analysts expect that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were paid a $0.78 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a yield of 3.44%. ConocoPhillips’s payout ratio is presently 40.05%.

Insider Buying and Selling at ConocoPhillips

In other news, Director Arjun N. Murti purchased 2,500 shares of the business’s stock in a transaction on Friday, December 20th. The stock was acquired at an average price of $95.87 per share, for a total transaction of $239,675.00. Following the acquisition, the director now directly owns 21,500 shares of the company’s stock, valued at $2,061,205. This represents a 13.16 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director R A. Walker bought 10,400 shares of the business’s stock in a transaction that occurred on 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 owns 38,000 shares of the company’s stock, valued at $3,716,400. This represents a 37.68 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on COP shares. Wells Fargo & Company cut 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. Evercore ISI reaffirmed an “outperform” rating and issued a $165.00 price target on shares of ConocoPhillips in a report on Friday, December 6th. Truist Financial boosted their price objective on ConocoPhillips from $138.00 to $139.00 and gave the company a “buy” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. upgraded ConocoPhillips from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $120.00 to $123.00 in a research note on Thursday, December 5th. Finally, Morgan Stanley began coverage on ConocoPhillips in a report on Monday, December 16th. They set an “overweight” rating and a $128.00 target price for the company. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $133.47.

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.