Choreo LLC Grows Position in ConocoPhillips (NYSE:COP)

Choreo LLC increased its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 9.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,592 shares of the energy producer's stock after acquiring an additional 5,069 shares during the quarter. Choreo LLC's holdings in ConocoPhillips were worth $5,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Albion Financial Group UT raised its holdings in 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 purchasing an additional 228 shares in the last quarter. Values First Advisors Inc. purchased a new position in shares of ConocoPhillips during the third quarter valued at about $26,000. Reston Wealth Management LLC bought a new position in ConocoPhillips in the third quarter worth about $31,000. Truvestments Capital LLC purchased a new stake in ConocoPhillips in the third quarter worth about $31,000. Finally, Global Wealth Strategies & Associates boosted its position in 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 acquiring an additional 153 shares in the last quarter. Institutional investors own 82.36% of the company's stock.

ConocoPhillips Price Performance

NYSE COP traded down $0.28 during trading hours on Thursday, reaching $99.93. The company's stock had a trading volume of 8,540,671 shares, compared to its average volume of 5,874,656. ConocoPhillips has a 1 year low of $94.23 and a 1 year high of $135.18. The company has a quick ratio of 1.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $115.01 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 0.76 and a beta of 1.18. The firm's 50-day moving average price is $101.40 and its 200-day moving average price is $106.32.

ConocoPhillips (NYSE:COP - Get Free Report) last released its earnings results on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, topping the consensus estimate of $1.78 by $0.20. ConocoPhillips had a net margin of 17.29% and a return on equity of 19.53%. On average, equities research analysts predict that ConocoPhillips will post 7.64 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.12%. ConocoPhillips's payout ratio is 37.10%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Raymond James upped their price target on ConocoPhillips from $148.00 to $157.00 and gave the stock a "strong-buy" rating in a research note on Thursday, January 23rd. Susquehanna upped their target price on shares of ConocoPhillips from $144.00 to $148.00 and gave the stock a "positive" rating in a research report on Friday, November 1st. Piper Sandler lowered their price target on shares of ConocoPhillips from $135.00 to $114.00 and set an "overweight" rating for the company in a research report on Thursday, December 19th. Mizuho upgraded shares of ConocoPhillips from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $132.00 to $134.00 in a report on Monday, December 16th. Finally, Evercore ISI reaffirmed an "outperform" rating and set a $165.00 target price on shares of ConocoPhillips in a research note on Friday, December 6th. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $135.89.

Insider Transactions at ConocoPhillips

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

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.