ConocoPhillips (NYSE:COP) Shares Sold by Peterson Wealth Services

Peterson Wealth Services decreased its holdings in ConocoPhillips (NYSE:COP) by 10.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 35,808 shares of the energy producer’s stock after selling 4,258 shares during the quarter. ConocoPhillips accounts for about 1.1% of Peterson Wealth Services’ investment portfolio, making the stock its 23rd largest position. Peterson Wealth Services’ holdings in ConocoPhillips were worth $3,551,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in COP. AMF Tjanstepension AB grew its position in ConocoPhillips by 4.7% in the third quarter. AMF Tjanstepension AB now owns 1,163,724 shares of the energy producer’s stock worth $122,628,000 after buying an additional 52,334 shares during the last quarter. Exchange Traded Concepts LLC grew its position in ConocoPhillips by 23.0% in the third quarter. Exchange Traded Concepts LLC now owns 92,618 shares of the energy producer’s stock worth $9,751,000 after buying an additional 17,329 shares during the last quarter. Willis Investment Counsel grew its position in ConocoPhillips by 0.5% in the third quarter. Willis Investment Counsel now owns 222,144 shares of the energy producer’s stock worth $23,387,000 after buying an additional 1,041 shares during the last quarter. Paladin Wealth LLC acquired a new position in ConocoPhillips in the third quarter worth approximately $692,000. Finally, ORG Wealth Partners LLC acquired a new position in ConocoPhillips in the third quarter worth approximately $73,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Trading Up 1.0 %

Shares of NYSE:COP opened at $99.39 on Tuesday. The stock has a market capitalization of $114.39 billion, a PE ratio of 12.76, a P/E/G ratio of 0.77 and a beta of 1.18. ConocoPhillips has a 1 year low of $94.23 and a 1 year high of $135.18. The firm has a fifty day moving average price of $101.05 and a 200 day moving average price of $106.11. The company has a current ratio of 1.29, a quick ratio of 1.16 and a debt-to-equity ratio of 0.36.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. Analysts expect that ConocoPhillips will post 8.3 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date is Friday, February 14th. ConocoPhillips’s dividend payout ratio is presently 40.05%.

Insider Buying and Selling

In other news, Director Arjun N. Murti purchased 2,500 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was bought at an average cost of $95.87 per share, for a total transaction of $239,675.00. Following the completion of the acquisition, the director now directly owns 21,500 shares of the company’s stock, valued at approximately $2,061,205. The trade was a 13.16 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 shares were purchased at an average price of $97.80 per share, with a total value of $1,017,120.00. Following the completion of the acquisition, the director now directly owns 38,000 shares of the company’s stock, valued at approximately $3,716,400. This trade 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 currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Piper Sandler decreased their price target on shares of ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. TD Cowen began coverage on shares of ConocoPhillips in a research report on Friday, January 17th. They set a “buy” rating and a $125.00 price objective on the stock. Morgan Stanley began coverage on shares of ConocoPhillips in a research report on Monday, December 16th. They set an “overweight” rating and a $128.00 price objective on the stock. Wells Fargo & Company lowered their price objective on shares of ConocoPhillips from $132.00 to $128.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Truist Financial lifted their price objective on shares of ConocoPhillips from $138.00 to $139.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $133.72.

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.