ConocoPhillips (NYSE:COP) Shares Acquired by Ieq Capital LLC

Ieq Capital LLC increased its stake in shares of ConocoPhillips (NYSE:COP) by 24.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 88,027 shares of the energy producer’s stock after purchasing an additional 17,342 shares during the period. Ieq Capital LLC’s holdings in ConocoPhillips were worth $8,730,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Private Advisor Group LLC lifted its position in shares of ConocoPhillips by 18.0% during the fourth quarter. Private Advisor Group LLC now owns 79,380 shares of the energy producer’s stock worth $7,872,000 after purchasing an additional 12,103 shares in the last quarter. Good Life Advisors LLC grew its holdings in ConocoPhillips by 9.3% during the 4th quarter. Good Life Advisors LLC now owns 10,788 shares of the energy producer’s stock valued at $1,070,000 after purchasing an additional 914 shares in the last quarter. Legacy Solutions LLC purchased a new stake in ConocoPhillips during the 4th quarter worth $271,000. Werba Rubin Papier Wealth Management lifted its holdings in ConocoPhillips by 4.3% in the 4th quarter. Werba Rubin Papier Wealth Management now owns 3,949 shares of the energy producer’s stock worth $392,000 after buying an additional 164 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its position in ConocoPhillips by 11.4% in the 4th quarter. Global Retirement Partners LLC now owns 9,580 shares of the energy producer’s stock valued at $950,000 after buying an additional 981 shares during the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on COP. Truist Financial lifted their target price on ConocoPhillips from $138.00 to $139.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Evercore ISI restated an “outperform” rating and set a $165.00 price objective on shares of ConocoPhillips in a report on Friday, December 6th. TD Cowen started coverage on ConocoPhillips in a research note on Friday, January 17th. They set a “buy” rating and a $125.00 target price for the company. Barclays decreased their price target on shares of ConocoPhillips from $137.00 to $135.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Finally, Wells Fargo & Company cut their price target on shares of ConocoPhillips from $132.00 to $128.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.56.

Insider Buying and Selling

In other ConocoPhillips news, Director Arjun N. Murti acquired 2,500 shares of ConocoPhillips stock in a transaction dated Friday, December 20th. The stock was bought at an average price of $95.87 per share, for a total transaction of $239,675.00. Following the transaction, the director now owns 21,500 shares in the company, valued at approximately $2,061,205. This trade represents 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 bought 10,400 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was acquired at an average price of $97.80 per share, for a total transaction of $1,017,120.00. Following the completion of the acquisition, the director now directly 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 corporate insiders.

ConocoPhillips Price Performance

Shares of COP opened at $102.05 on Friday. ConocoPhillips has a one year low of $94.23 and a one year high of $135.18. The stock’s fifty day moving average is $100.17 and its 200-day moving average is $105.48. 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 firm has a market capitalization of $117.45 billion, a price-to-earnings ratio of 13.10, a price-to-earnings-growth ratio of 0.76 and a beta of 1.18.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, beating the consensus estimate of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. Equities analysts anticipate that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be issued a dividend of $0.78 per share. The ex-dividend date is Friday, February 14th. This represents a $3.12 annualized dividend and a yield of 3.06%. ConocoPhillips’s payout ratio is 40.05%.

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.