Dohj LLC Invests $666,000 in ConocoPhillips (NYSE:COP)

Dohj LLC purchased a new stake in shares of ConocoPhillips (NYSE:COP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,717 shares of the energy producer’s stock, valued at approximately $666,000.

Other hedge funds also recently added to or reduced their stakes in the company. Concord Wealth Partners increased its holdings in shares of ConocoPhillips by 94.1% in the 4th quarter. Concord Wealth Partners now owns 36,384 shares of the energy producer’s stock worth $3,608,000 after purchasing an additional 17,640 shares in the last quarter. Concord Asset Management LLC VA boosted its position in shares of ConocoPhillips by 90.9% during the fourth quarter. Concord Asset Management LLC VA now owns 36,451 shares of the energy producer’s stock valued at $3,615,000 after buying an additional 17,360 shares during the last quarter. Chicago Partners Investment Group LLC increased its holdings in ConocoPhillips by 12.1% in the 4th quarter. Chicago Partners Investment Group LLC now owns 6,827 shares of the energy producer’s stock worth $694,000 after buying an additional 737 shares in the last quarter. Waldron Private Wealth LLC raised its position in ConocoPhillips by 9.8% in the 4th quarter. Waldron Private Wealth LLC now owns 28,212 shares of the energy producer’s stock worth $2,798,000 after buying an additional 2,527 shares during the last quarter. Finally, Everett Harris & Co. CA lifted its stake in ConocoPhillips by 1.4% during the 4th quarter. Everett Harris & Co. CA now owns 8,438 shares of the energy producer’s stock valued at $837,000 after acquiring an additional 116 shares during the period. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

COP has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upgraded shares of ConocoPhillips from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $120.00 to $123.00 in a research note on Thursday, December 5th. Barclays lifted their target price on shares of ConocoPhillips from $135.00 to $137.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. TD Cowen started coverage on ConocoPhillips in a research note on Friday, January 17th. They issued a “buy” rating and a $125.00 price target on the stock. Wells Fargo & Company cut their price objective on ConocoPhillips from $134.00 to $132.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Finally, Susquehanna raised their target price on ConocoPhillips from $144.00 to $148.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Two investment 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. Based on data from MarketBeat.com, ConocoPhillips has a consensus rating of “Buy” and a consensus price target of $135.89.

ConocoPhillips Stock Down 2.7 %

Shares of COP stock opened at $98.70 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 1.16. ConocoPhillips has a one year low of $94.23 and a one year high of $135.18. The company’s fifty day moving average price is $101.82 and its 200-day moving average price is $106.71. The company has a market capitalization of $113.59 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 0.78 and a beta of 1.19.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, October 31st. The energy producer reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.10. ConocoPhillips had a return on equity of 19.53% and a net margin of 17.29%. The business had revenue of $13.60 billion for the quarter, compared to analysts’ expectations of $13.97 billion. During the same period last year, the firm earned $2.16 earnings per share. The business’s quarterly revenue was down 8.5% on a year-over-year basis. Sell-side analysts expect that ConocoPhillips will post 7.64 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Arjun N. Murti bought 2,500 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was bought at an average cost of $95.87 per share, with a total value of $239,675.00. Following the completion of the purchase, the director now owns 21,500 shares of the company’s stock, valued at approximately $2,061,205. The trade was 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 purchased 10,400 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was bought at an average price of $97.80 per share, for a total transaction of $1,017,120.00. Following the purchase, the director now 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 insiders.

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.