Certuity LLC Raises Stake in ConocoPhillips (NYSE:COP)

Certuity LLC boosted its holdings in ConocoPhillips (NYSE:COP) by 175.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,491 shares of the energy producer’s stock after acquiring an additional 7,318 shares during the quarter. Certuity LLC’s holdings in ConocoPhillips were worth $1,334,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of COP. Sloy Dahl & Holst LLC boosted its stake in ConocoPhillips by 3.3% in the third quarter. Sloy Dahl & Holst LLC now owns 2,629 shares of the energy producer’s stock valued at $315,000 after acquiring an additional 85 shares in the last quarter. KLCM Advisors Inc. grew its position in shares of ConocoPhillips by 2.8% in the third quarter. KLCM Advisors Inc. now owns 3,305 shares of the energy producer’s stock valued at $396,000 after purchasing an additional 89 shares during the last quarter. Evergreen Capital Management LLC grew its position in shares of ConocoPhillips by 0.5% in the third quarter. Evergreen Capital Management LLC now owns 18,944 shares of the energy producer’s stock valued at $2,270,000 after purchasing an additional 89 shares during the last quarter. Endowment Wealth Management Inc. boosted its position in ConocoPhillips by 4.6% during the third quarter. Endowment Wealth Management Inc. now owns 2,055 shares of the energy producer’s stock worth $246,000 after acquiring an additional 90 shares during the last quarter. Finally, Your Advocates Ltd. LLP boosted its holdings in shares of ConocoPhillips by 2.9% in the 3rd quarter. Your Advocates Ltd. LLP now owns 3,340 shares of the energy producer’s stock valued at $400,000 after purchasing an additional 93 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on COP. Morgan Stanley raised their target price on shares of ConocoPhillips from $123.00 to $129.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Barclays initiated coverage on shares of ConocoPhillips in a research note on Wednesday, April 10th. They set an “overweight” rating and a $158.00 target price for the company. Wells Fargo & Company increased their target price on shares of ConocoPhillips from $141.00 to $149.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Piper Sandler upped their price target on shares of ConocoPhillips from $145.00 to $157.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Finally, UBS Group increased their price target on shares of ConocoPhillips from $138.00 to $143.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $142.65.

ConocoPhillips Stock Performance

Shares of COP traded down $3.12 during trading hours on Tuesday, hitting $127.10. The stock had a trading volume of 2,841,223 shares, compared to its average volume of 5,300,580. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 1.29. ConocoPhillips has a 12 month low of $95.70 and a 12 month high of $135.18. The firm has a market capitalization of $149.52 billion, a PE ratio of 14.37, a PEG ratio of 2.72 and a beta of 1.24. The stock has a fifty day moving average price of $122.88 and a 200 day moving average price of $117.67.

ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, February 8th. The energy producer reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.32. ConocoPhillips had a return on equity of 22.08% and a net margin of 18.71%. The company had revenue of $15.31 billion for the quarter, compared to the consensus estimate of $14.47 billion. During the same period in the previous year, the business earned $2.71 earnings per share. Analysts anticipate that ConocoPhillips will post 9.57 EPS for the current year.

ConocoPhillips Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 19th were paid a $0.78 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $3.12 annualized dividend and a yield of 2.45%. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.58. ConocoPhillips’s dividend payout ratio is 25.61%.

Insider Buying and Selling at ConocoPhillips

In related news, VP Christopher P. Delk sold 8,505 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $112.06, for a total value of $953,070.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Christopher P. Delk sold 8,505 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $112.06, for a total transaction of $953,070.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Heather G. Hrap sold 4,548 shares of ConocoPhillips stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $110.55, for a total value of $502,781.40. Following the completion of the sale, the senior vice president now owns 2,654 shares in the company, valued at $293,399.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 700,775 shares of company stock valued at $87,615,169. 0.34% of the stock is currently owned by corporate 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.