ConocoPhillips (NYSE:COP) Shares Bought by Brown Financial Advisors

Brown Financial Advisors lifted its position in shares of ConocoPhillips (NYSE:COP) by 16.6% during the fourth quarter, HoldingsChannel reports. The firm owned 14,304 shares of the energy producer’s stock after purchasing an additional 2,038 shares during the quarter. Brown Financial Advisors’ holdings in ConocoPhillips were worth $1,418,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in COP. Transcendent Capital Group LLC boosted its position in ConocoPhillips by 88.3% in the 4th quarter. Transcendent Capital Group LLC now owns 2,441 shares of the energy producer’s stock valued at $242,000 after buying an additional 1,145 shares during the last quarter. CWS Financial Advisors LLC lifted its stake in shares of ConocoPhillips by 4.0% in the fourth quarter. CWS Financial Advisors LLC now owns 4,008 shares of the energy producer’s stock worth $398,000 after acquiring an additional 154 shares in the last quarter. Pine Valley Investments Ltd Liability Co lifted its stake in shares of ConocoPhillips by 9.8% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 8,525 shares of the energy producer’s stock worth $845,000 after acquiring an additional 758 shares in the last quarter. BankPlus Trust Department purchased a new position in ConocoPhillips in the fourth quarter valued at about $608,000. Finally, Edge Capital Group LLC grew its stake in ConocoPhillips by 3.2% during the 4th quarter. Edge Capital Group LLC now owns 20,898 shares of the energy producer’s stock valued at $2,072,000 after purchasing an additional 644 shares in the last quarter. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

ConocoPhillips Stock Performance

COP stock opened at $98.82 on Tuesday. The stock’s fifty day moving average is $100.09 and its two-hundred day moving average is $105.36. The stock has a market capitalization of $125.73 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 0.79 and a beta of 1.18. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29. ConocoPhillips has a 1 year low of $94.23 and a 1 year high of $135.18.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 earnings per share 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%. On average, research analysts predict that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Friday, February 14th. ConocoPhillips’s dividend payout ratio is currently 40.05%.

Wall Street Analyst Weigh In

COP has been the topic of a number of recent analyst reports. Evercore ISI reaffirmed an “outperform” rating and issued a $165.00 target price on shares of ConocoPhillips in a research report on Friday, December 6th. Piper Sandler reduced their price objective on shares of ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating on the stock in a research note on Thursday, December 19th. Raymond James lowered shares of ConocoPhillips from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the stock from $157.00 to $124.00 in a report on Monday, February 10th. JPMorgan Chase & Co. upgraded shares of ConocoPhillips from a “neutral” rating to an “overweight” rating and upped their target price for the company from $120.00 to $123.00 in a research note on Thursday, December 5th. Finally, Wells Fargo & Company reduced their price target on shares of ConocoPhillips from $132.00 to $128.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, ConocoPhillips currently has a consensus rating of “Moderate Buy” and an average price target of $133.47.

Insider Activity at ConocoPhillips

In other ConocoPhillips news, Director Arjun N. Murti purchased 2,500 shares of the stock in a transaction dated Friday, December 20th. The shares were bought at an average cost of $95.87 per share, with a total value of $239,675.00. Following the completion of the acquisition, the director now owns 21,500 shares of the company’s stock, valued at approximately $2,061,205. This trade represents a 13.16 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director R A. Walker acquired 10,400 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were bought at an average price of $97.80 per share, for a total transaction of $1,017,120.00. Following the completion of the purchase, the director now owns 38,000 shares of the company’s stock, 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 insiders.

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.