Lmcg Investments LLC Sells 2,538 Shares of ConocoPhillips (NYSE:COP)

Lmcg Investments LLC decreased its stake in ConocoPhillips (NYSE:COP - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,007 shares of the energy producer's stock after selling 2,538 shares during the quarter. Lmcg Investments LLC's holdings in ConocoPhillips were worth $8,728,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of COP. Values First Advisors Inc. bought a new stake in shares of ConocoPhillips in the 3rd quarter worth about $26,000. Reston Wealth Management LLC bought a new stake in ConocoPhillips during the third quarter worth about $31,000. Truvestments Capital LLC bought a new position in shares of ConocoPhillips in the third quarter valued at approximately $31,000. Global Wealth Strategies & Associates boosted its holdings in shares of ConocoPhillips by 80.5% in the 4th quarter. Global Wealth Strategies & Associates now owns 343 shares of the energy producer's stock worth $34,000 after acquiring an additional 153 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC acquired a new stake in ConocoPhillips during the 3rd quarter valued at $35,000. 82.36% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director R A. Walker purchased 10,400 shares of the stock in a transaction on Tuesday, December 17th. The shares were purchased at an average cost of $97.80 per share, with a total value of $1,017,120.00. Following the acquisition, the director now directly 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 acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Arjun N. Murti acquired 2,500 shares of ConocoPhillips stock in a transaction dated Friday, December 20th. The shares were purchased at an average price of $95.87 per share, with a total value of $239,675.00. Following the acquisition, the director now 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 disclosure for this purchase can be found here. Company insiders own 0.34% of the company's stock.

ConocoPhillips Stock Down 1.5 %

Shares of NYSE:COP traded down $1.60 during mid-day trading on Tuesday, reaching $104.25. 7,142,830 shares of the stock were exchanged, compared to its average volume of 5,972,967. The company has a market cap of $119.98 billion, a P/E ratio of 12.40, a P/E/G ratio of 0.88 and a beta of 1.19. The stock's 50 day simple moving average is $103.67 and its 200-day simple moving average is $107.31. The company has a quick ratio of 1.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. ConocoPhillips has a one year low of $94.23 and a one year high of $135.18.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The energy producer reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.10. The company had revenue of $13.60 billion during the quarter, compared to analysts' expectations of $13.97 billion. ConocoPhillips had a return on equity of 19.53% and a net margin of 17.29%. ConocoPhillips's revenue for the quarter was down 8.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.16 EPS. As a group, equities research analysts predict that ConocoPhillips will post 7.68 EPS for the current year.

ConocoPhillips Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 11th were paid a $0.78 dividend. This is an increase from ConocoPhillips's previous quarterly dividend of $0.58. This represents a $3.12 annualized dividend and a yield of 2.99%. The ex-dividend date was Friday, November 8th. ConocoPhillips's dividend payout ratio (DPR) is 37.10%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on COP. Susquehanna increased their target price on ConocoPhillips from $144.00 to $148.00 and gave the stock a "positive" rating in a report on Friday, November 1st. Morgan Stanley assumed coverage on shares of ConocoPhillips in a research report on Monday, December 16th. They issued an "overweight" rating and a $128.00 price objective for the company. Wells Fargo & Company decreased their price objective on ConocoPhillips from $134.00 to $132.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 14th. Truist Financial upped their price target on ConocoPhillips from $138.00 to $139.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. raised shares of ConocoPhillips from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $120.00 to $123.00 in a research note on Thursday, December 5th. Two research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $136.00.

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.