Allworth Financial LP Purchases 3,372 Shares of ConocoPhillips (NYSE:COP)

Allworth Financial LP raised its stake in ConocoPhillips (NYSE:COP - Free Report) by 17.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,056 shares of the energy producer's stock after buying an additional 3,372 shares during the quarter. Allworth Financial LP's holdings in ConocoPhillips were worth $2,376,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. bLong Financial LLC acquired a new position in ConocoPhillips in the 4th quarter valued at approximately $450,000. Legacy Capital Wealth Partners LLC increased its stake in ConocoPhillips by 5.8% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 2,206 shares of the energy producer's stock valued at $219,000 after buying an additional 121 shares during the period. Everhart Financial Group Inc. increased its stake in ConocoPhillips by 78.0% in the 4th quarter. Everhart Financial Group Inc. now owns 4,979 shares of the energy producer's stock valued at $494,000 after buying an additional 2,182 shares during the period. Beacon Capital Management LLC increased its stake in ConocoPhillips by 53.4% in the 4th quarter. Beacon Capital Management LLC now owns 3,451 shares of the energy producer's stock valued at $342,000 after buying an additional 1,201 shares during the period. Finally, Tanglewood Legacy Advisors LLC increased its stake in ConocoPhillips by 80.4% in the 4th quarter. Tanglewood Legacy Advisors LLC now owns 3,248 shares of the energy producer's stock valued at $322,000 after buying an additional 1,448 shares during the period. Institutional investors and hedge funds own 82.36% of the company's stock.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, Director R A. Walker acquired 10,400 shares of ConocoPhillips stock in a transaction dated Tuesday, December 17th. The stock was bought at an average cost of $97.80 per share, with a total value of $1,017,120.00. Following the acquisition, the director now owns 38,000 shares of the company's stock, valued at approximately $3,716,400. The trade was a 37.68 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Arjun N. Murti acquired 2,500 shares of ConocoPhillips stock in a transaction dated Friday, December 20th. The shares were acquired at an average cost of $95.87 per share, with a total value of $239,675.00. Following the completion of the acquisition, the director now directly owns 21,500 shares in the company, valued at $2,061,205. This trade represents a 13.16 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on COP. Evercore ISI restated an "outperform" rating and set a $165.00 price target on shares of ConocoPhillips in a research note on Friday, December 6th. Barclays dropped their price target on shares of ConocoPhillips from $137.00 to $135.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Piper Sandler dropped their price target on shares of ConocoPhillips from $135.00 to $114.00 and set an "overweight" rating on the stock 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 on the stock in a research note on Monday, February 10th. Finally, Raymond James lowered shares of ConocoPhillips from a "strong-buy" rating to an "outperform" rating and dropped their price target for the stock from $157.00 to $124.00 in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $133.56.

ConocoPhillips Stock Performance

ConocoPhillips stock traded down $4.10 during mid-day trading on Friday, reaching $97.90. The company had a trading volume of 8,561,843 shares, compared to its average volume of 6,781,136. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. ConocoPhillips has a 52 week low of $94.23 and a 52 week high of $135.18. The company has a 50 day moving average of $100.17 and a 200-day moving average of $105.48. The firm has a market cap of $124.57 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 0.78 and a beta of 1.18.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share for the quarter, beating analysts' consensus estimates of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. On average, sell-side analysts expect that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Friday, February 14th. ConocoPhillips's dividend payout ratio (DPR) is presently 40.05%.

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.