Atria Wealth Solutions Inc. Has $6.23 Million Holdings in ConocoPhillips (NYSE:COP)

Atria Wealth Solutions Inc. lessened its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 13.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 62,788 shares of the energy producer's stock after selling 9,685 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in ConocoPhillips were worth $6,227,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Cypress Capital Group increased its position in ConocoPhillips by 0.5% during the 3rd quarter. Cypress Capital Group now owns 18,790 shares of the energy producer's stock worth $1,978,000 after purchasing an additional 96 shares in the last quarter. Orrstown Financial Services Inc. increased its position in ConocoPhillips by 3.0% during the 4th quarter. Orrstown Financial Services Inc. now owns 3,342 shares of the energy producer's stock worth $331,000 after purchasing an additional 96 shares in the last quarter. Smithfield Trust Co increased 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 purchasing an additional 100 shares in the last quarter. Principle Wealth Partners LLC increased its position in ConocoPhillips by 0.3% during the 4th quarter. Principle Wealth Partners LLC now owns 37,255 shares of the energy producer's stock worth $3,695,000 after purchasing an additional 100 shares in the last quarter. Finally, Verus Capital Partners LLC increased its position in ConocoPhillips by 2.0% during the 3rd quarter. Verus Capital Partners LLC now owns 5,137 shares of the energy producer's stock worth $541,000 after purchasing an additional 102 shares in the last quarter. Institutional investors and hedge funds own 82.36% of the company's stock.

ConocoPhillips Stock Performance

Shares of COP traded down $4.10 during trading hours on Friday, reaching $97.90. 8,561,843 shares of the company's stock traded hands, compared to its average volume of 6,987,319. The firm has a market capitalization of $124.57 billion, a price-to-earnings ratio of 12.57, a P/E/G ratio of 0.79 and a beta of 1.18. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14. ConocoPhillips has a twelve month low of $94.23 and a twelve month high of $135.18. The business's fifty day simple moving average is $100.11 and its two-hundred day simple moving average is $105.44.

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 predict that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Friday, February 14th. ConocoPhillips's dividend payout ratio (DPR) is 40.05%.

Wall Street Analyst Weigh In

COP has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised shares of ConocoPhillips from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $120.00 to $123.00 in a research report on Thursday, December 5th. Wells Fargo & Company decreased their price target on shares of ConocoPhillips from $132.00 to $128.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. UBS Group decreased their price target on shares of ConocoPhillips from $140.00 to $137.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. Barclays decreased their price target on shares of ConocoPhillips from $137.00 to $135.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Finally, Susquehanna raised their price target 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. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $133.56.

Insider Activity

In other ConocoPhillips news, Director Arjun N. Murti acquired 2,500 shares of the firm's stock in a transaction on Friday, December 20th. The stock was 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 of the company's stock, valued at $2,061,205. The trade was a 13.16 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director R A. Walker purchased 10,400 shares of ConocoPhillips stock in a transaction dated Tuesday, December 17th. The shares were purchased at an average price of $97.80 per share, with a total value of $1,017,120.00. Following the completion of the acquisition, the director now owns 38,000 shares in the company, 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. Corporate 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.