Annis Gardner Whiting Capital Advisors LLC Has $1.15 Million Holdings in ConocoPhillips (NYSE:COP)

Annis Gardner Whiting Capital Advisors LLC raised its holdings in ConocoPhillips (NYSE:COP) by 16.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,632 shares of the energy producer’s stock after buying an additional 1,664 shares during the period. Annis Gardner Whiting Capital Advisors LLC’s holdings in ConocoPhillips were worth $1,154,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Benjamin Edwards Inc. boosted its position in ConocoPhillips by 489.8% during the third quarter. Benjamin Edwards Inc. now owns 26,711 shares of the energy producer’s stock worth $2,814,000 after purchasing an additional 22,182 shares during the period. Integrated Wealth Concepts LLC lifted its stake in shares of ConocoPhillips by 9.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 29,896 shares of the energy producer’s stock worth $3,147,000 after buying an additional 2,692 shares during the last quarter. IHT Wealth Management LLC boosted its holdings in shares of ConocoPhillips by 36.4% during the 3rd quarter. IHT Wealth Management LLC now owns 9,276 shares of the energy producer’s stock worth $985,000 after buying an additional 2,473 shares during the period. Resurgent Financial Advisors LLC grew its stake in ConocoPhillips by 3.9% in the 3rd quarter. Resurgent Financial Advisors LLC now owns 21,266 shares of the energy producer’s stock valued at $2,239,000 after buying an additional 805 shares during the last quarter. Finally, Royal London Asset Management Ltd. raised its holdings in ConocoPhillips by 1.2% in the 3rd quarter. Royal London Asset Management Ltd. now owns 589,687 shares of the energy producer’s stock valued at $62,082,000 after acquiring an additional 6,951 shares during the period. 82.36% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips Stock Performance

Shares of NYSE:COP opened at $95.27 on Friday. ConocoPhillips has a 1 year low of $86.81 and a 1 year high of $135.18. The stock has a market capitalization of $121.22 billion, a price-to-earnings ratio of 12.23, a price-to-earnings-growth ratio of 0.79 and a beta of 1.12. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14. The company’s 50 day simple moving average is $98.85 and its 200 day simple moving average is $103.27.

ConocoPhillips (NYSE:COP) last issued its quarterly 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 predict that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 3.27%. The ex-dividend date was Friday, February 14th. ConocoPhillips’s payout ratio is 40.05%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on COP. Mizuho upgraded ConocoPhillips from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $132.00 to $134.00 in a report on Monday, December 16th. JPMorgan Chase & Co. reduced their price target on ConocoPhillips from $127.00 to $115.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Piper Sandler decreased their price objective on ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. TD Cowen began coverage on ConocoPhillips in a report on Friday, January 17th. They set a “buy” rating and a $125.00 target price for the company. Finally, Raymond James cut shares of ConocoPhillips from a “strong-buy” rating to an “outperform” rating and reduced their target price for the company from $157.00 to $124.00 in a research report on Monday, February 10th. Two investment 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $132.95.

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.