MML Investors Services LLC Purchases 10,734 Shares of ConocoPhillips (NYSE:COP)

MML Investors Services LLC lifted its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 242,822 shares of the energy producer's stock after purchasing an additional 10,734 shares during the quarter. MML Investors Services LLC's holdings in ConocoPhillips were worth $24,081,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in COP. Albion Financial Group UT increased its holdings 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 purchased a new stake in ConocoPhillips during the fourth quarter valued at about $26,000. Centricity Wealth Management LLC bought a new stake in ConocoPhillips during the fourth quarter worth about $27,000. Crowley Wealth Management Inc. purchased a new position in shares of ConocoPhillips in the 4th quarter worth about $32,000. Finally, Global Wealth Strategies & Associates increased its position 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. Hedge funds and other institutional investors own 82.36% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on COP. TD Cowen assumed coverage on ConocoPhillips in a research note on Friday, January 17th. They issued a "buy" rating and a $125.00 target price for the company. Truist Financial lifted 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. Susquehanna set a $136.00 price target on shares of ConocoPhillips in a research report on Tuesday. JPMorgan Chase & Co. decreased their price objective on ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Finally, Wells Fargo & Company dropped their target price on ConocoPhillips from $131.00 to $116.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $126.89.

ConocoPhillips Stock Up 2.1 %

Shares of COP traded up $1.88 on Thursday, reaching $91.81. The stock had a trading volume of 6,517,979 shares, compared to its average volume of 7,136,513. The firm has a market capitalization of $116.06 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83. The company has a 50-day simple moving average of $94.76 and a 200-day simple moving average of $100.95. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $130.77. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29.

ConocoPhillips (NYSE:COP - Get Free Report) last released its 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 net margin of 16.23% and a return on equity of 17.26%. Sell-side analysts predict that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 3.40%. The ex-dividend date was Friday, February 14th. ConocoPhillips's dividend payout ratio is presently 40.05%.

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.