Valley National Advisers Inc. Has $121,000 Stock Position in ConocoPhillips (NYSE:COP)

Valley National Advisers Inc. boosted its stake in ConocoPhillips (NYSE:COP) by 64.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,224 shares of the energy producer’s stock after purchasing an additional 481 shares during the quarter. Valley National Advisers Inc.’s holdings in ConocoPhillips were worth $121,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of COP. McAdam LLC bought a new position in shares of ConocoPhillips in the fourth quarter worth about $416,000. Greenleaf Trust increased its position in ConocoPhillips by 5.1% during the 4th quarter. Greenleaf Trust now owns 27,678 shares of the energy producer’s stock worth $2,745,000 after purchasing an additional 1,335 shares in the last quarter. Golden State Equity Partners lifted its stake in ConocoPhillips by 79.1% in the 4th quarter. Golden State Equity Partners now owns 12,105 shares of the energy producer’s stock valued at $1,200,000 after purchasing an additional 5,346 shares during the last quarter. Avantra Family Wealth Inc. acquired a new stake in ConocoPhillips in the fourth quarter valued at approximately $331,000. Finally, Berry Wealth Group LP grew its stake in shares of ConocoPhillips by 5.5% during the fourth quarter. Berry Wealth Group LP now owns 2,260 shares of the energy producer’s stock worth $224,000 after buying an additional 117 shares during the last quarter. Institutional investors own 82.36% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. JPMorgan Chase & Co. upgraded ConocoPhillips from a “neutral” rating to an “overweight” rating and increased their target price for the company from $120.00 to $123.00 in a research report on Thursday, December 5th. Piper Sandler reduced their target price on shares of ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Raymond James raised their price target on shares of ConocoPhillips from $148.00 to $157.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Evercore ISI reissued an “outperform” rating and issued a $165.00 price objective on shares of ConocoPhillips in a research note on Friday, December 6th. Finally, Wells Fargo & Company lowered their target price on ConocoPhillips from $134.00 to $132.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Two equities research 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 company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $135.89.

Insider Buying and Selling

In other ConocoPhillips news, Director R A. Walker purchased 10,400 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average cost 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. The trade was a 37.68 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Arjun N. Murti acquired 2,500 shares of the business’s stock in a transaction 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 transaction, 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 disclosure for this purchase can be found here. 0.34% of the stock is currently owned by corporate insiders.

ConocoPhillips Trading Down 2.7 %

NYSE:COP opened at $98.70 on Monday. 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 has a market cap of $113.59 billion, a PE ratio of 11.74, a PEG ratio of 0.76 and a beta of 1.18. The firm has a 50-day moving average of $101.82 and a 200-day moving average of $106.65.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, October 31st. The energy producer reported $1.78 EPS for the quarter, topping 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 firm had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.97 billion. During the same period in the previous year, the company posted $2.16 EPS. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. As a group, equities research analysts expect that ConocoPhillips will post 7.64 EPS for the current fiscal year.

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.