MRP Capital Investments LLC Sells 255 Shares of ConocoPhillips (NYSE:COP)

MRP Capital Investments LLC decreased its holdings in ConocoPhillips (NYSE:COP) by 10.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,125 shares of the energy producer’s stock after selling 255 shares during the quarter. MRP Capital Investments LLC’s holdings in ConocoPhillips were worth $211,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Albion Financial Group UT raised its stake in ConocoPhillips by 876.9% in the fourth quarter. Albion Financial Group UT now owns 254 shares of the energy producer’s stock worth $25,000 after buying an additional 228 shares in the last quarter. Centricity Wealth Management LLC bought a new position in ConocoPhillips in the fourth quarter worth approximately $27,000. Truvestments Capital LLC bought a new position in ConocoPhillips in the third quarter worth approximately $31,000. RPg Family Wealth Advisory LLC acquired a new position in shares of ConocoPhillips during the third quarter worth $35,000. Finally, Marshall Investment Management LLC purchased a new stake in shares of ConocoPhillips during the 4th quarter valued at $36,000. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Trading Up 0.9 %

ConocoPhillips stock opened at $102.25 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. The firm has a market cap of $130.09 billion, a PE ratio of 13.13, a P/E/G ratio of 0.79 and a beta of 1.12. The stock’s 50 day simple moving average is $99.21 and its two-hundred day simple moving average is $103.53. ConocoPhillips has a 12 month low of $86.81 and a 12 month 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 for the quarter, topping 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%. Analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Friday, February 14th. ConocoPhillips’s payout ratio is 40.05%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on COP shares. Piper Sandler decreased their price objective on ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Truist Financial boosted their price target on ConocoPhillips from $138.00 to $139.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Barclays dropped their price target on ConocoPhillips from $137.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Morgan Stanley began coverage on ConocoPhillips in a research note on Monday, December 16th. They set an “overweight” rating and a $128.00 price target on the stock. Finally, JPMorgan Chase & Co. dropped their price target on ConocoPhillips from $127.00 to $115.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Two research 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.05.

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.