BOK Financial Private Wealth Inc. Sells 583 Shares of ConocoPhillips (NYSE:COP)

BOK Financial Private Wealth Inc. lowered its stake in ConocoPhillips (NYSE:COP) by 13.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,625 shares of the energy producer’s stock after selling 583 shares during the quarter. BOK Financial Private Wealth Inc.’s holdings in ConocoPhillips were worth $359,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COP. Confluence Investment Management LLC raised its holdings in shares of ConocoPhillips by 6.7% during the third quarter. Confluence Investment Management LLC now owns 5,555 shares of the energy producer’s stock valued at $585,000 after acquiring an additional 348 shares in the last quarter. Summit Global Investments raised its holdings in shares of ConocoPhillips by 150.4% during the third quarter. Summit Global Investments now owns 10,473 shares of the energy producer’s stock valued at $1,103,000 after acquiring an additional 6,290 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in ConocoPhillips in the third quarter worth $60,000. Equitable Trust Co. grew its stake in ConocoPhillips by 11.8% in the third quarter. Equitable Trust Co. now owns 9,595 shares of the energy producer’s stock worth $1,010,000 after purchasing an additional 1,015 shares during the period. Finally, CWA Asset Management Group LLC purchased a new stake in ConocoPhillips in the third quarter worth $337,000. Institutional investors own 82.36% of the company’s stock.

Analyst Upgrades and Downgrades

COP has been the topic of several recent research reports. JPMorgan Chase & Co. raised ConocoPhillips from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $120.00 to $123.00 in a research note on Thursday, December 5th. TD Cowen assumed coverage on ConocoPhillips in a research note on Friday, January 17th. They issued a “buy” rating and a $125.00 target price on the stock. Evercore ISI reaffirmed an “outperform” rating and set a $165.00 price target on shares of ConocoPhillips in a report on Friday, December 6th. Wells Fargo & Company lowered their price target on ConocoPhillips from $132.00 to $128.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Finally, UBS Group lowered their price target on ConocoPhillips from $140.00 to $137.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $133.47.

ConocoPhillips Stock Up 2.4 %

NYSE COP opened at $90.70 on Monday. The stock’s 50-day moving average price is $99.53 and its 200-day moving average price is $104.31. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. ConocoPhillips has a 52 week low of $86.81 and a 52 week high of $135.18. The company has a market capitalization of $115.40 billion, a P/E ratio of 11.64, a price-to-earnings-growth ratio of 0.79 and a beta of 1.12.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, topping the consensus estimate of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. On average, equities research analysts predict that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend was Friday, February 14th. ConocoPhillips’s dividend payout ratio is currently 40.05%.

Insider Buying and Selling

In other ConocoPhillips news, Director R A. Walker bought 10,400 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average price of $97.80 per share, for a total transaction 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 trade represents a 37.68 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Arjun N. Murti bought 2,500 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were acquired at an average price of $95.87 per share, with a total value of $239,675.00. Following the transaction, the director now directly owns 21,500 shares of the company’s stock, valued at $2,061,205. This represents 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 company insiders.

About ConocoPhillips

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.