Capital Analysts LLC Acquires 5,335 Shares of ConocoPhillips (NYSE:COP)

Capital Analysts LLC raised its position in shares of ConocoPhillips (NYSE:COP - Free Report) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 124,882 shares of the energy producer's stock after acquiring an additional 5,335 shares during the quarter. Capital Analysts LLC's holdings in ConocoPhillips were worth $12,385,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of COP. Cheviot Value Management LLC boosted its position in shares of ConocoPhillips by 2.9% during the 4th quarter. Cheviot Value Management LLC now owns 95,979 shares of the energy producer's stock worth $9,518,000 after purchasing an additional 2,717 shares in the last quarter. Voya Financial Advisors Inc. boosted its position in shares of ConocoPhillips by 5.9% during the 4th quarter. Voya Financial Advisors Inc. now owns 12,224 shares of the energy producer's stock worth $1,187,000 after purchasing an additional 678 shares in the last quarter. Nebula Research & Development LLC boosted its position in shares of ConocoPhillips by 49.7% during the 4th quarter. Nebula Research & Development LLC now owns 11,982 shares of the energy producer's stock worth $1,188,000 after purchasing an additional 3,978 shares in the last quarter. Hancock Whitney Corp boosted its position in shares of ConocoPhillips by 4.7% during the 4th quarter. Hancock Whitney Corp now owns 123,820 shares of the energy producer's stock worth $12,279,000 after purchasing an additional 5,607 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. boosted its position in shares of ConocoPhillips by 9.0% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 100,218 shares of the energy producer's stock worth $9,901,000 after purchasing an additional 8,241 shares in the last quarter. Institutional investors own 82.36% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on COP shares. Susquehanna set a $136.00 price target on shares of ConocoPhillips in a research report on Tuesday, April 22nd. Truist Financial raised 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. Scotiabank dropped their price target on shares of ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Morgan Stanley reaffirmed an "overweight" rating and issued a $116.00 price target on shares of ConocoPhillips in a research report on Tuesday, April 15th. Finally, UBS Group dropped their price target on shares of ConocoPhillips from $116.00 to $111.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, ConocoPhillips has an average rating of "Moderate Buy" and an average target price of $126.89.

ConocoPhillips Stock Performance

Shares of NYSE COP traded up $1.20 during trading on Monday, reaching $92.92. 4,667,117 shares of the stock traded hands, compared to its average volume of 7,153,343. ConocoPhillips has a 52-week low of $79.88 and a 52-week high of $130.44. 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 company has a 50-day moving average of $94.43 and a 200-day moving average of $100.39. The stock has a market capitalization of $117.47 billion, a P/E ratio of 11.93, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, beating 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%. Analysts forecast that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were issued a dividend of $0.78 per share. The ex-dividend date was Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a yield of 3.36%. ConocoPhillips's dividend payout ratio (DPR) is 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.