Gulf International Bank UK Ltd Increases Stock Position in ConocoPhillips (NYSE:COP)

Gulf International Bank UK Ltd raised its holdings in ConocoPhillips (NYSE:COP) by 10.6% during the fourth quarter, HoldingsChannel reports. The firm owned 102,232 shares of the energy producer’s stock after buying an additional 9,804 shares during the period. Gulf International Bank UK Ltd’s holdings in ConocoPhillips were worth $10,138,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in COP. AMF Tjanstepension AB increased its holdings in shares of ConocoPhillips by 4.7% in the 3rd quarter. AMF Tjanstepension AB now owns 1,163,724 shares of the energy producer’s stock valued at $122,628,000 after purchasing an additional 52,334 shares in the last quarter. Pallas Capital Advisors LLC lifted its stake in ConocoPhillips by 27.8% in the 3rd quarter. Pallas Capital Advisors LLC now owns 7,325 shares of the energy producer’s stock valued at $765,000 after buying an additional 1,594 shares in the last quarter. Diversify Advisory Services LLC lifted its position in shares of ConocoPhillips by 754.9% in the third quarter. Diversify Advisory Services LLC now owns 23,587 shares of the energy producer’s stock valued at $2,477,000 after acquiring an additional 20,828 shares in the last quarter. Valmark Advisers Inc. raised its stake in ConocoPhillips by 12.5% in the 3rd quarter. Valmark Advisers Inc. now owns 5,289 shares of the energy producer’s stock valued at $557,000 after purchasing an additional 586 shares during the last quarter. Finally, Jacobsen Capital Management raised its position in shares of ConocoPhillips by 5.4% in the third quarter. Jacobsen Capital Management now owns 2,169 shares of the energy producer’s stock valued at $228,000 after buying an additional 111 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Evercore ISI restated an “outperform” rating and set a $165.00 price objective on shares of ConocoPhillips in a report on Friday, December 6th. Piper Sandler lowered their target price on ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Wells Fargo & Company dropped their price target on shares of ConocoPhillips from $132.00 to $128.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. UBS Group cut 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. Finally, TD Cowen started coverage on ConocoPhillips in a research note on Friday, January 17th. They issued a “buy” rating and a $125.00 target price for the company. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, ConocoPhillips currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.47.

Insider Activity

In other ConocoPhillips news, 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 acquired at an average cost of $97.80 per share, for a total transaction 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 represents a 37.68 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Arjun N. Murti acquired 2,500 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was acquired at an average price 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 $2,061,205. This trade represents a 13.16 % 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 Stock Down 1.0 %

Shares of COP stock opened at $96.06 on Thursday. The stock has a market cap of $122.23 billion, a P/E ratio of 12.33, a price-to-earnings-growth ratio of 0.79 and a beta of 1.18. ConocoPhillips has a one year low of $94.23 and a one year high of $135.18. The stock has a fifty day moving average price of $100.07 and a 200 day moving average price of $105.21. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14.

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, beating analysts’ consensus estimates of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. Analysts predict that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is Friday, February 14th. ConocoPhillips’s dividend payout ratio is presently 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.