C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Sells 31,970 Shares of ConocoPhillips (NYSE:COP)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lowered its position in shares of ConocoPhillips (NYSE:COP - Free Report) by 82.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,970 shares of the energy producer's stock after selling 31,970 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors' holdings in ConocoPhillips were worth $691,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in COP. AMF Tjanstepension AB lifted its holdings in ConocoPhillips by 4.7% during the third quarter. AMF Tjanstepension AB now owns 1,163,724 shares of the energy producer's stock valued at $122,628,000 after purchasing an additional 52,334 shares in the last quarter. Whittier Trust Co. boosted its position in shares of ConocoPhillips by 3.1% during the third quarter. Whittier Trust Co. now owns 20,093 shares of the energy producer's stock worth $2,115,000 after acquiring an additional 596 shares during the last quarter. Foundations Investment Advisors LLC boosted its position in shares of ConocoPhillips by 2.1% during the third quarter. Foundations Investment Advisors LLC now owns 12,268 shares of the energy producer's stock worth $1,292,000 after acquiring an additional 256 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of ConocoPhillips by 61.5% during the third quarter. Sequoia Financial Advisors LLC now owns 62,472 shares of the energy producer's stock worth $6,577,000 after acquiring an additional 23,795 shares during the last quarter. Finally, Meadow Creek Wealth Advisors LLC boosted its position in shares of ConocoPhillips by 16.6% during the third quarter. Meadow Creek Wealth Advisors LLC now owns 2,063 shares of the energy producer's stock worth $217,000 after acquiring an additional 294 shares during the last quarter. Hedge funds and other institutional investors own 82.36% of the company's stock.

ConocoPhillips Trading Down 4.0 %

Shares of COP traded down $4.10 during midday trading on Friday, hitting $97.90. The stock had a trading volume of 8,561,843 shares, compared to its average volume of 6,987,319. ConocoPhillips has a 1 year low of $94.23 and a 1 year high of $135.18. The firm has a market cap of $124.57 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 0.79 and a beta of 1.18. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14. The stock's 50 day moving average is $100.11 and its 200 day moving average is $105.44.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, topping 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%. As a group, analysts forecast 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. Stockholders 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 dividend yield of 3.19%. The ex-dividend date is Friday, February 14th. ConocoPhillips's payout ratio is presently 40.05%.

Insider Transactions at ConocoPhillips

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. TD Cowen assumed coverage on shares of ConocoPhillips in a research report on Friday, January 17th. They set a "buy" rating and a $125.00 target price for the company. JPMorgan Chase & Co. upgraded shares of ConocoPhillips from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $120.00 to $123.00 in a research report on Thursday, December 5th. Susquehanna upped their price target on shares of ConocoPhillips from $144.00 to $148.00 and gave the company a "positive" rating in a research note on Friday, November 1st. Piper Sandler decreased 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. Finally, UBS Group decreased their price target on shares of ConocoPhillips from $140.00 to $137.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. 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's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $133.56.

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.