ConocoPhillips (NYSE:COP) Shares Purchased by Arkadios Wealth Advisors

Arkadios Wealth Advisors lifted its stake in ConocoPhillips (NYSE:COP) by 50.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 22,257 shares of the energy producer’s stock after acquiring an additional 7,491 shares during the quarter. Arkadios Wealth Advisors’ holdings in ConocoPhillips were worth $2,207,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Spring Capital Management LLC lifted its holdings in shares of ConocoPhillips by 11.6% in the 4th quarter. Spring Capital Management LLC now owns 2,066 shares of the energy producer’s stock worth $205,000 after acquiring an additional 214 shares during the last quarter. Dakota Community Bank & Trust NA lifted its holdings in ConocoPhillips by 23.1% during the 4th quarter. Dakota Community Bank & Trust NA now owns 932 shares of the energy producer’s stock worth $92,000 after buying an additional 175 shares in the last quarter. Retirement Wealth Solutions LLC acquired a new stake in ConocoPhillips during the 4th quarter worth approximately $35,000. Brooklyn Investment Group lifted its holdings in ConocoPhillips by 4.6% during the 4th quarter. Brooklyn Investment Group now owns 6,583 shares of the energy producer’s stock worth $653,000 after buying an additional 287 shares in the last quarter. Finally, Sax Wealth Advisors LLC lifted its holdings in ConocoPhillips by 9.8% during the 4th quarter. Sax Wealth Advisors LLC now owns 2,690 shares of the energy producer’s stock worth $267,000 after buying an additional 241 shares in the last quarter. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other ConocoPhillips news, Director Arjun N. Murti acquired 2,500 shares of the stock in a transaction on 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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director R A. Walker bought 10,400 shares of ConocoPhillips stock in a transaction dated Tuesday, December 17th. The stock was purchased at an average price of $97.80 per share, with a total value of $1,017,120.00. Following the purchase, the director now directly owns 38,000 shares in the company, valued at approximately $3,716,400. This trade represents a 37.68 % increase in their position. The disclosure for this purchase can be found here. 0.34% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

COP has been the topic of a number of research reports. JPMorgan Chase & Co. upgraded shares of ConocoPhillips from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $120.00 to $123.00 in a report on Thursday, December 5th. Barclays increased their target price on shares of ConocoPhillips from $135.00 to $137.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. TD Cowen initiated coverage on shares of ConocoPhillips in a report on Friday. They set a “buy” rating and a $125.00 target price on the stock. Truist Financial increased their target price on shares of ConocoPhillips from $138.00 to $139.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Finally, Evercore ISI restated an “outperform” rating and issued a $165.00 price objective on shares of ConocoPhillips in a report on Friday, December 6th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $136.00.

ConocoPhillips Trading Up 0.1 %

NYSE COP opened at $105.76 on Friday. ConocoPhillips has a 12 month low of $94.23 and a 12 month high of $135.18. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 1.16. The company has a market capitalization of $121.72 billion, a price-to-earnings ratio of 12.58, a price-to-earnings-growth ratio of 0.81 and a beta of 1.19. The firm’s fifty day moving average price is $103.79 and its 200 day moving average price is $107.47.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, October 31st. The energy producer reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.10. ConocoPhillips had a net margin of 17.29% and a return on equity of 19.53%. The company had revenue of $13.60 billion for the quarter, compared to the consensus estimate of $13.97 billion. During the same period last year, the firm posted $2.16 EPS. ConocoPhillips’s revenue for the quarter was down 8.5% on a year-over-year basis. On average, sell-side analysts expect that ConocoPhillips will post 7.7 earnings per share for the current fiscal year.

ConocoPhillips Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 11th were given a dividend of $0.78 per share. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.58. This represents a $3.12 annualized dividend and a yield of 2.95%. The ex-dividend date was Friday, November 8th. ConocoPhillips’s dividend payout ratio (DPR) is presently 37.10%.

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.