Fidelis Capital Partners LLC Has $3.31 Million Stock Position in ConocoPhillips (NYSE:COP)

Fidelis Capital Partners LLC raised its position in ConocoPhillips (NYSE:COP) by 2.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,674 shares of the energy producer’s stock after purchasing an additional 705 shares during the quarter. Fidelis Capital Partners LLC’s holdings in ConocoPhillips were worth $3,310,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Claro Advisors LLC boosted its stake in shares of ConocoPhillips by 6.2% during the 1st quarter. Claro Advisors LLC now owns 2,646 shares of the energy producer’s stock worth $337,000 after acquiring an additional 155 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in ConocoPhillips by 3.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 702,917 shares of the energy producer’s stock valued at $89,467,000 after purchasing an additional 20,621 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in ConocoPhillips by 1.5% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,135,332 shares of the energy producer’s stock valued at $399,065,000 after acquiring an additional 46,252 shares in the last quarter. Azzad Asset Management Inc. ADV raised its holdings in shares of ConocoPhillips by 3.3% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 35,089 shares of the energy producer’s stock worth $4,466,000 after buying an additional 1,123 shares in the last quarter. Finally, Sivia Capital Partners LLC increased its holdings in ConocoPhillips by 13.3% during the 1st quarter. Sivia Capital Partners LLC now owns 2,212 shares of the energy producer’s stock valued at $282,000 after purchasing an additional 259 shares in the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.

ConocoPhillips Stock Performance

ConocoPhillips stock traded down $1.08 during midday trading on Tuesday, reaching $102.18. 1,638,023 shares of the company’s stock were exchanged, compared to its average volume of 5,859,073. ConocoPhillips has a 52 week low of $101.29 and a 52 week high of $135.18. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.19 and a current ratio of 1.33. The firm has a market cap of $118.66 billion, a price-to-earnings ratio of 11.51, a P/E/G ratio of 0.85 and a beta of 1.21. The stock’s 50-day simple moving average is $108.30 and its 200 day simple moving average is $113.48.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, August 1st. The energy producer reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.02. ConocoPhillips had a return on equity of 20.81% and a net margin of 18.18%. The company had revenue of $14.14 billion during the quarter, compared to analysts’ expectations of $14.96 billion. During the same quarter in the previous year, the company posted $1.84 earnings per share. The business’s revenue was up 9.7% on a year-over-year basis. On average, analysts expect that ConocoPhillips will post 7.85 earnings per share for the current fiscal year.

ConocoPhillips Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 12th were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Monday, August 12th. ConocoPhillips’s dividend payout ratio (DPR) is currently 25.86%.

Analyst Upgrades and Downgrades

COP has been the topic of several research analyst reports. Barclays dropped their price objective on ConocoPhillips from $156.00 to $135.00 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. Truist Financial dropped their price objective on ConocoPhillips from $145.00 to $138.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. StockNews.com downgraded ConocoPhillips from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Scotiabank dropped their price target on ConocoPhillips from $120.00 to $115.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Finally, UBS Group dropped their price target on ConocoPhillips from $153.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.94.

Insider Activity at ConocoPhillips

In related news, Director Timothy A. Leach sold 55,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $108.11, for a total value of $6,000,105.00. Following the completion of the sale, the director now directly owns 455,909 shares in the company, valued at approximately $49,288,321.99. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.34% of the stock is currently 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.