ConocoPhillips (NYSE:COP) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC boosted its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 26.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 337,878 shares of the energy producer's stock after buying an additional 70,549 shares during the quarter. Cerity Partners LLC's holdings in ConocoPhillips were worth $33,808,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Albion Financial Group UT grew its position in shares of ConocoPhillips by 876.9% in the 4th quarter. Albion Financial Group UT now owns 254 shares of the energy producer's stock worth $25,000 after buying an additional 228 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in ConocoPhillips in the fourth quarter valued at approximately $26,000. Centricity Wealth Management LLC purchased a new position in ConocoPhillips in the fourth quarter worth $27,000. Crowley Wealth Management Inc. acquired a new position in shares of ConocoPhillips during the fourth quarter worth $32,000. Finally, Global Wealth Strategies & Associates lifted its holdings in shares of ConocoPhillips by 80.5% during the 4th 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. Institutional investors own 82.36% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Morgan Stanley reduced their target price on ConocoPhillips from $131.00 to $126.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. Barclays cut their price objective on shares of ConocoPhillips from $137.00 to $135.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Wells Fargo & Company lowered their target price on shares of ConocoPhillips from $132.00 to $128.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Truist Financial boosted their target price on shares of ConocoPhillips from $138.00 to $139.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Finally, TD Cowen initiated coverage on shares of ConocoPhillips in a report on Friday, January 17th. They issued a "buy" rating and a $125.00 price target for the company. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, ConocoPhillips currently has a consensus rating of "Moderate Buy" and a consensus target price of $130.79.

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ConocoPhillips Price Performance

Shares of ConocoPhillips stock traded up $3.07 during trading hours on Friday, reaching $86.36. The stock had a trading volume of 9,231,132 shares, compared to its average volume of 7,066,449. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $132.61. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $109.17 billion, a PE ratio of 11.09, a PEG ratio of 0.79 and a beta of 0.83. The stock's 50 day moving average is $96.51 and its 200 day moving average is $102.04.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. Equities analysts expect that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 3.61%. The ex-dividend date was Friday, February 14th. ConocoPhillips's payout ratio 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.