Manning & Napier Advisors LLC Purchases 12,081 Shares of ConocoPhillips (NYSE:COP)

Manning & Napier Advisors LLC raised its holdings in ConocoPhillips (NYSE:COP - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 268,605 shares of the energy producer's stock after acquiring an additional 12,081 shares during the period. Manning & Napier Advisors LLC's holdings in ConocoPhillips were worth $26,638,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Cypress Capital Group lifted its stake in ConocoPhillips by 0.5% in the 3rd quarter. Cypress Capital Group now owns 18,790 shares of the energy producer's stock valued at $1,978,000 after purchasing an additional 96 shares during the last quarter. Orrstown Financial Services Inc. lifted its stake in shares of ConocoPhillips by 3.0% in the 4th quarter. Orrstown Financial Services Inc. now owns 3,342 shares of the energy producer's stock valued at $331,000 after acquiring an additional 96 shares during the last quarter. Aprio Wealth Management LLC boosted its holdings in shares of ConocoPhillips by 4.8% during the 3rd quarter. Aprio Wealth Management LLC now owns 2,125 shares of the energy producer's stock valued at $224,000 after acquiring an additional 97 shares in the last quarter. Smithfield Trust Co grew its position in ConocoPhillips by 3.3% during the 3rd quarter. Smithfield Trust Co now owns 3,132 shares of the energy producer's stock worth $332,000 after acquiring an additional 100 shares during the last quarter. Finally, Ignite Planners LLC increased its holdings in ConocoPhillips by 1.0% in the 3rd quarter. Ignite Planners LLC now owns 10,001 shares of the energy producer's stock worth $1,053,000 after purchasing an additional 102 shares in the last quarter. Institutional investors and hedge funds own 82.36% of the company's stock.

Insider Activity at ConocoPhillips

In other news, Director R A. Walker bought 10,400 shares of the stock in a transaction dated Tuesday, December 17th. The stock was bought 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 directly owns 38,000 shares in the company, valued at approximately $3,716,400. This trade represents a 37.68 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Arjun N. Murti bought 2,500 shares of the company's stock in a transaction 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 transaction, the director now owns 21,500 shares in the company, valued at approximately $2,061,205. This represents a 13.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.34% of the stock is owned by insiders.

ConocoPhillips Stock Down 0.1 %

ConocoPhillips stock traded down $0.15 during midday trading on Thursday, reaching $101.41. The stock had a trading volume of 4,046,791 shares, compared to its average volume of 5,682,248. The company has a current ratio of 1.30, a quick ratio of 1.16 and a debt-to-equity ratio of 0.34. ConocoPhillips has a 12 month low of $94.23 and a 12 month high of $135.18. The company has a fifty day moving average price of $102.29 and a two-hundred day moving average price of $106.86. The company has a market capitalization of $116.71 billion, a P/E ratio of 12.06, a PEG ratio of 0.86 and a beta of 1.19.

ConocoPhillips (NYSE:COP - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The energy producer reported $1.78 earnings per share for the quarter, topping 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 business's revenue was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.16 earnings per share. As a group, equities analysts expect that ConocoPhillips will post 7.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Morgan Stanley assumed coverage on ConocoPhillips in a report on Monday, December 16th. They set an "overweight" rating and a $128.00 price target on the stock. Truist Financial upped their price target on shares of ConocoPhillips from $138.00 to $139.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Barclays lifted their price target on shares of ConocoPhillips from $135.00 to $137.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Wells Fargo & Company decreased their price objective on ConocoPhillips from $134.00 to $132.00 and set an "overweight" rating for the company in a report on Tuesday, January 14th. Finally, Scotiabank cut their target price on ConocoPhillips from $120.00 to $115.00 and set a "sector perform" rating on the stock in a report on Thursday, October 10th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $135.89.

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.