Annex Advisory Services LLC Sells 11,017 Shares of ConocoPhillips (NYSE:COP)

Annex Advisory Services LLC lowered its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 19.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,075 shares of the energy producer's stock after selling 11,017 shares during the quarter. Annex Advisory Services LLC's holdings in ConocoPhillips were worth $4,569,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Values First Advisors Inc. bought a new position in shares of ConocoPhillips in the third quarter valued at approximately $26,000. Reston Wealth Management LLC bought a new position in ConocoPhillips during the third quarter valued at $31,000. Truvestments Capital LLC bought a new stake in ConocoPhillips in the 3rd quarter valued at about $31,000. Global Wealth Strategies & Associates lifted its holdings in ConocoPhillips by 80.5% during the fourth quarter. Global Wealth Strategies & Associates now owns 343 shares of the energy producer's stock valued at $34,000 after purchasing an additional 153 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC purchased a new position in shares of ConocoPhillips in the third quarter worth about $35,000. Institutional investors own 82.36% of the company's stock.

ConocoPhillips Stock Performance

Shares of NYSE COP traded up $0.15 during trading on Monday, hitting $105.76. The company had a trading volume of 8,546,391 shares, compared to its average volume of 6,479,072. 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 quick ratio of 1.16 and a current ratio of 1.30. The firm has a market capitalization of $121.72 billion, a P/E ratio of 12.58, a price-to-earnings-growth ratio of 0.81 and a beta of 1.19. The stock has a 50 day simple moving average of $103.79 and a 200 day simple moving average of $107.37.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The energy producer reported $1.78 EPS for the quarter, beating the consensus estimate of $1.68 by $0.10. The firm had revenue of $13.60 billion for the quarter, compared to the consensus estimate of $13.97 billion. ConocoPhillips had a net margin of 17.29% and a return on equity of 19.53%. The company's revenue was down 8.5% on a year-over-year basis. During the same period last year, the firm earned $2.16 EPS. As a group, analysts anticipate that ConocoPhillips will post 7.7 earnings per share for the current year.

ConocoPhillips Increases Dividend

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

Insider Buying and Selling at ConocoPhillips

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

Wall Street Analyst Weigh In

Several research firms recently commented on COP. JPMorgan Chase & Co. raised shares of ConocoPhillips from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $120.00 to $123.00 in a report on Thursday, December 5th. Evercore ISI reiterated an "outperform" rating and set a $165.00 price objective on shares of ConocoPhillips in a research note on Friday, December 6th. BMO Capital Markets upped their price target on ConocoPhillips from $123.00 to $125.00 and gave the company an "outperform" rating in a research report on Friday, October 4th. TD Cowen began coverage on shares of ConocoPhillips in a report on Friday. They set a "buy" rating and a $125.00 target price on the stock. Finally, Wells Fargo & Company decreased their price target on shares of ConocoPhillips from $134.00 to $132.00 and set an "overweight" rating on the stock in a report on Tuesday, January 14th. Two research 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 stock. According to data from MarketBeat, ConocoPhillips currently has a consensus rating of "Buy" and a consensus price target of $136.00.

ConocoPhillips Company 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.