Compass Capital Corp MA ADV Takes Position in ConocoPhillips (NYSE:COP)

Compass Capital Corp MA ADV purchased a new position in ConocoPhillips (NYSE:COP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 4,972 shares of the energy producer's stock, valued at approximately $504,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of COP. Peoples Bank OH raised its stake in ConocoPhillips by 21.0% during the 4th quarter. Peoples Bank OH now owns 3,678 shares of the energy producer's stock valued at $365,000 after purchasing an additional 639 shares during the period. Cordatus Wealth Management LLC grew its holdings in shares of ConocoPhillips by 6.5% during the fourth quarter. Cordatus Wealth Management LLC now owns 6,305 shares of the energy producer's stock valued at $625,000 after buying an additional 384 shares in the last quarter. Centricity Wealth Management LLC purchased a new position in shares of ConocoPhillips during the fourth quarter valued at $27,000. Kentucky Retirement Systems raised its position in ConocoPhillips by 10.8% during the fourth quarter. Kentucky Retirement Systems now owns 89,602 shares of the energy producer's stock valued at $8,886,000 after buying an additional 8,703 shares during the period. Finally, One Day In July LLC lifted its stake in ConocoPhillips by 11.3% in the 4th quarter. One Day In July LLC now owns 2,618 shares of the energy producer's stock worth $260,000 after acquiring an additional 266 shares in the last quarter. Institutional investors and hedge funds own 82.36% of the company's stock.

ConocoPhillips Stock Performance

Shares of NYSE COP traded down $4.10 during trading hours on Friday, hitting $97.90. 8,561,843 shares of the stock were exchanged, compared to its average volume of 6,781,136. ConocoPhillips has a one year low of $94.23 and a one year high of $135.18. The company's 50 day moving average is $100.17 and its 200 day moving average is $105.48. 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 firm has a market capitalization of $124.57 billion, a P/E ratio of 12.57, a P/E/G 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 (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. On average, research analysts expect that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Friday, February 14th. ConocoPhillips's dividend payout ratio is currently 40.05%.

Wall Street Analyst Weigh In

COP has been the topic of a number of research reports. Piper Sandler dropped their target price on ConocoPhillips from $135.00 to $114.00 and set an "overweight" rating on the stock in a report on Thursday, December 19th. Susquehanna upped their price objective 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. Barclays decreased their target price on shares of ConocoPhillips from $137.00 to $135.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Raymond James downgraded 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. Finally, Evercore ISI reissued an "outperform" rating and set a $165.00 price objective on shares of ConocoPhillips in a research report on Friday, December 6th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $133.56.

Insider Transactions at ConocoPhillips

In other news, Director Arjun N. Murti purchased 2,500 shares of the stock in a transaction that occurred on 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 purchase, the director now directly owns 21,500 shares of the company's stock, valued at approximately $2,061,205. The trade was a 13.16 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director R A. Walker purchased 10,400 shares of the business's stock in a transaction on Tuesday, December 17th. The stock was purchased 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 in the company, valued at approximately $3,716,400. This represents a 37.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.34% of the company's stock.

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.