DRW Securities LLC Buys Shares of 5,176 ConocoPhillips (NYSE:COP)

DRW Securities LLC bought a new position in ConocoPhillips (NYSE:COP - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,176 shares of the energy producer's stock, valued at approximately $513,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Orrstown Financial Services Inc. grew its position in ConocoPhillips by 3.0% during the fourth quarter. Orrstown Financial Services Inc. now owns 3,342 shares of the energy producer's stock valued at $331,000 after purchasing an additional 96 shares in the last quarter. Principle Wealth Partners LLC grew its stake in ConocoPhillips by 0.3% in the fourth quarter. Principle Wealth Partners LLC now owns 37,255 shares of the energy producer's stock valued at $3,695,000 after purchasing an additional 100 shares in the last quarter. Arlington Trust Co LLC lifted its holdings in shares of ConocoPhillips by 1.2% during the 4th quarter. Arlington Trust Co LLC now owns 8,640 shares of the energy producer's stock valued at $857,000 after buying an additional 102 shares during the last quarter. Courier Capital LLC grew its stake in shares of ConocoPhillips by 0.5% in the 4th quarter. Courier Capital LLC now owns 20,481 shares of the energy producer's stock valued at $2,031,000 after buying an additional 103 shares in the last quarter. Finally, Gray Wealth Management Inc. grew its position in ConocoPhillips by 5.0% in the fourth quarter. Gray Wealth Management Inc. now owns 2,171 shares of the energy producer's stock worth $215,000 after acquiring an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 82.36% of the company's stock.

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ConocoPhillips Stock Down 0.4 %

COP traded down $0.32 during trading on Monday, hitting $86.07. The stock had a trading volume of 2,295,601 shares, compared to its average volume of 7,047,979. The company has a market capitalization of $108.81 billion, a PE ratio of 11.05, a PEG ratio of 0.79 and a beta of 0.83. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $132.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29. The stock has a 50 day simple moving average of $96.51 and a two-hundred day simple moving average of $102.04.

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 analysts' consensus estimates of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. On average, research analysts predict that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 3.62%. The ex-dividend date was Friday, February 14th. ConocoPhillips's dividend payout ratio (DPR) is presently 40.05%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on COP shares. Royal Bank of Canada reduced their target price on ConocoPhillips from $133.00 to $120.00 and set an "outperform" rating for the company in a report on Monday. Morgan Stanley reduced their price objective on ConocoPhillips from $131.00 to $126.00 and set an "overweight" rating on the stock in a research note on Thursday, March 27th. Mizuho upgraded shares of ConocoPhillips from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $132.00 to $134.00 in a research report on Monday, December 16th. UBS Group lowered their price objective on shares of ConocoPhillips from $130.00 to $116.00 and set a "buy" rating for the company in a research report on Monday, April 7th. Finally, Truist Financial increased their price target on shares of ConocoPhillips from $138.00 to $139.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $129.74.

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.