Integris Wealth Management LLC Has $253,000 Stake in ConocoPhillips (NYSE:COP)

Integris Wealth Management LLC boosted its stake in shares of ConocoPhillips (NYSE:COP) by 10.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,550 shares of the energy producer’s stock after buying an additional 232 shares during the quarter. Integris Wealth Management LLC’s holdings in ConocoPhillips were worth $253,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. AA Financial Advisors LLC raised its holdings in ConocoPhillips by 11.3% during 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 increased its position in shares of ConocoPhillips by 8.0% during the fourth quarter. Hunter Associates Investment Management LLC now owns 3,221 shares of the energy producer’s stock worth $322,000 after buying an additional 238 shares during the period. Sonora Investment Management Group LLC raised its stake in ConocoPhillips by 59.6% during the fourth quarter. Sonora Investment Management Group LLC now owns 9,771 shares of the energy producer’s stock worth $969,000 after buying an additional 3,649 shares during the last quarter. Oak Harvest Investment Services acquired a new position in ConocoPhillips in the fourth quarter valued at $363,000. Finally, Cibc World Market Inc. boosted its position in ConocoPhillips by 543.0% during the fourth quarter. Cibc World Market Inc. now owns 146,843 shares of the energy producer’s stock valued at $14,562,000 after acquiring an additional 124,006 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors.

Insider Activity

In other ConocoPhillips news, Director Arjun N. Murti acquired 2,500 shares of ConocoPhillips stock in a transaction that occurred on Friday, December 20th. The stock was acquired at an average cost of $95.87 per share, for a total transaction of $239,675.00. Following the purchase, the director now owns 21,500 shares of the company’s stock, valued at approximately $2,061,205. This represents a 13.16 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director R A. Walker purchased 10,400 shares of ConocoPhillips stock in a transaction dated Tuesday, December 17th. The stock was bought at an average price of $97.80 per share, with a total value of $1,017,120.00. Following the completion of the transaction, 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.

ConocoPhillips Stock Performance

Shares of ConocoPhillips stock opened at $101.41 on Friday. ConocoPhillips has a 12 month low of $94.23 and a 12 month high of $135.18. The firm has a market capitalization of $116.72 billion, a P/E ratio of 12.06, a price-to-earnings-growth ratio of 0.78 and a beta of 1.19. The business’s fifty day simple moving average is $102.29 and its 200 day simple moving average is $106.86. 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 (NYSE:COP) last posted its quarterly earnings results on Thursday, October 31st. The energy producer reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.10. The company had revenue of $13.60 billion during 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 firm’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.16 earnings per share. As a group, analysts anticipate that ConocoPhillips will post 7.64 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on COP shares. JPMorgan Chase & Co. raised ConocoPhillips from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $120.00 to $123.00 in a research note on Thursday, December 5th. Susquehanna raised their price objective 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. Scotiabank dropped their target price on shares of ConocoPhillips from $120.00 to $115.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Truist Financial increased their target price on shares of ConocoPhillips from $138.00 to $139.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Finally, Piper Sandler decreased their price target on shares of ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $135.89.

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.