HighPoint Advisor Group LLC Has $3.29 Million Holdings in ConocoPhillips (NYSE:COP)

HighPoint Advisor Group LLC boosted its stake in ConocoPhillips (NYSE:COP) by 12.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 32,425 shares of the energy producer’s stock after buying an additional 3,716 shares during the period. HighPoint Advisor Group LLC’s holdings in ConocoPhillips were worth $3,293,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of COP. Albion Financial Group UT increased its stake in shares of ConocoPhillips by 876.9% in the fourth quarter. Albion Financial Group UT now owns 254 shares of the energy producer’s stock valued at $25,000 after buying an additional 228 shares during the period. Murphy & Mullick Capital Management Corp bought a new stake in ConocoPhillips in the fourth quarter valued at approximately $26,000. Centricity Wealth Management LLC acquired a new stake in ConocoPhillips during the 4th quarter valued at approximately $27,000. Crowley Wealth Management Inc. bought a new position in ConocoPhillips during the 4th quarter worth approximately $32,000. Finally, Global Wealth Strategies & Associates lifted its position in shares of ConocoPhillips by 80.5% in the 4th quarter. Global Wealth Strategies & Associates now owns 343 shares of the energy producer’s stock worth $34,000 after purchasing an additional 153 shares during the period. 82.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on COP. Evercore ISI reissued an “outperform” rating and set a $165.00 target price on shares of ConocoPhillips in a research note on Friday, December 6th. UBS Group dropped their price objective on ConocoPhillips from $140.00 to $137.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Truist Financial raised their target price on ConocoPhillips from $138.00 to $139.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Piper Sandler dropped their price target on ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Finally, Barclays reduced their price objective 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. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $132.95.

ConocoPhillips Price Performance

Shares of NYSE COP opened at $105.04 on Tuesday. 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’s 50-day simple moving average is $98.94 and its 200 day simple moving average is $103.29. The stock has a market cap of $133.65 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 0.79 and a beta of 1.12. ConocoPhillips has a fifty-two week low of $86.81 and a fifty-two week high of $135.18.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were issued a $0.78 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.12 annualized dividend and a dividend yield of 2.97%. ConocoPhillips’s dividend payout ratio is currently 40.05%.

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.