Howard Financial Services LTD. Buys 105 Shares of ConocoPhillips (NYSE:COP)

Howard Financial Services LTD. lifted its stake in shares of ConocoPhillips (NYSE:COPFree Report) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,037 shares of the energy producer’s stock after acquiring an additional 105 shares during the quarter. Howard Financial Services LTD.’s holdings in ConocoPhillips were worth $469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC increased its holdings in ConocoPhillips by 98,832.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,584,373 shares of the energy producer’s stock worth $1,012,956,000 after purchasing an additional 8,575,696 shares in the last quarter. Morgan Stanley increased its holdings in ConocoPhillips by 26.6% in the fourth quarter. Morgan Stanley now owns 16,647,723 shares of the energy producer’s stock worth $1,964,432,000 after purchasing an additional 3,497,750 shares in the last quarter. Alphinity Investment Management Pty Ltd bought a new stake in ConocoPhillips in the third quarter worth approximately $310,102,000. Cowa LLC increased its holdings in ConocoPhillips by 6,475.2% in the first quarter. Cowa LLC now owns 2,375,224 shares of the energy producer’s stock worth $2,383,000 after purchasing an additional 2,339,100 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. bought a new stake in ConocoPhillips in the fourth quarter worth approximately $186,330,000. 80.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

COP has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their target price on ConocoPhillips from $153.00 to $141.00 and set a “neutral” rating for the company in a report on Friday, December 8th. Susquehanna reduced their price objective on ConocoPhillips from $152.00 to $133.00 and set a “positive” rating for the company in a research note on Friday, January 26th. UBS Group raised their price objective on ConocoPhillips from $138.00 to $143.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. Johnson Rice cut ConocoPhillips from an “accumulate” rating to a “hold” rating in a research note on Thursday, December 14th. Finally, Mizuho reduced their price objective on ConocoPhillips from $139.00 to $132.00 and set a “neutral” rating for the company in a research note on Wednesday, January 3rd. Six investment 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 stock. According to data from MarketBeat, ConocoPhillips has a consensus rating of “Moderate Buy” and a consensus price target of $134.61.

Get Our Latest Research Report on ConocoPhillips

ConocoPhillips Stock Performance

COP stock traded up $0.26 during midday trading on Friday, hitting $120.04. The company’s stock had a trading volume of 17,549,004 shares, compared to its average volume of 5,937,875. The stock’s 50-day moving average price is $111.85 and its 200 day moving average price is $115.96. The company has a quick ratio of 1.29, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. ConocoPhillips has a 1 year low of $91.53 and a 1 year high of $127.35. The stock has a market cap of $141.22 billion, a price-to-earnings ratio of 13.25, a PEG ratio of 0.73 and a beta of 1.23.

ConocoPhillips (NYSE:COPGet Free Report) last posted its quarterly earnings data on Thursday, February 8th. The energy producer reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.32. ConocoPhillips had a return on equity of 22.08% and a net margin of 18.71%. The business had revenue of $15.31 billion for the quarter, compared to analysts’ expectations of $14.47 billion. During the same quarter in the previous year, the firm earned $2.71 earnings per share. On average, equities analysts forecast that ConocoPhillips will post 8.82 EPS for the current year.

ConocoPhillips Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 19th were given 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 2.60%. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.58. ConocoPhillips’s payout ratio is currently 25.61%.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, VP Christopher P. Delk sold 8,505 shares of the business’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 SEC, which can be accessed through this hyperlink. In other ConocoPhillips news, VP Christopher P. Delk sold 8,505 shares of the business’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 SEC, which can be accessed through this hyperlink. Also, EVP Dominic E. Macklon sold 23,372 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $112.17, for a total value of $2,621,637.24. The disclosure for this sale can be found here. Insiders have sold a total of 36,425 shares of company stock worth $4,077,489 over the last ninety days. 0.37% of the stock is currently owned by company insiders.

ConocoPhillips Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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