Hantz Financial Services Inc. Sells 12,592 Shares of ConocoPhillips (NYSE:COP)

Hantz Financial Services Inc. lowered its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 14.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 77,568 shares of the energy producer's stock after selling 12,592 shares during the period. Hantz Financial Services Inc.'s holdings in ConocoPhillips were worth $7,692,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in COP. Tidal Investments LLC boosted its stake in shares of ConocoPhillips by 42.7% during the third quarter. Tidal Investments LLC now owns 103,553 shares of the energy producer's stock valued at $10,902,000 after purchasing an additional 31,011 shares during the period. Brookstone Capital Management grew its holdings in ConocoPhillips by 4.5% in the 4th quarter. Brookstone Capital Management now owns 8,855 shares of the energy producer's stock worth $878,000 after acquiring an additional 383 shares during the last quarter. Prospera Financial Services Inc increased its position in shares of ConocoPhillips by 23.6% in the third quarter. Prospera Financial Services Inc now owns 71,097 shares of the energy producer's stock valued at $7,488,000 after acquiring an additional 13,595 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of ConocoPhillips by 1.9% during the third quarter. The Manufacturers Life Insurance Company now owns 2,489,514 shares of the energy producer's stock valued at $262,094,000 after acquiring an additional 46,621 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of ConocoPhillips by 5,422.3% during the third quarter. Pacer Advisors Inc. now owns 4,587,729 shares of the energy producer's stock worth $482,996,000 after purchasing an additional 4,504,653 shares during the period. Hedge funds and other institutional investors own 82.36% of the company's stock.

ConocoPhillips Stock Down 0.2 %

COP traded down $0.25 during trading on Thursday, hitting $101.32. 864,601 shares of the company's stock traded hands, compared to its average volume of 5,506,607. The stock has a market capitalization of $116.60 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 0.86 and a beta of 1.19. The company's 50 day simple moving average is $102.29 and its two-hundred day simple moving average is $106.86. ConocoPhillips has a 12-month low of $94.23 and a 12-month high of $135.18. The company has a current ratio of 1.30, a quick ratio of 1.16 and a debt-to-equity ratio of 0.34.

ConocoPhillips (NYSE:COP - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The energy producer reported $1.78 EPS for the quarter, beating the consensus estimate of $1.68 by $0.10. The company had revenue of $13.60 billion for 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 was down 8.5% compared to the same quarter last year. During the same period last year, the firm posted $2.16 earnings per share. Analysts predict that ConocoPhillips will post 7.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

COP has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised ConocoPhillips from a "neutral" rating to an "overweight" rating and upped their price target for the company from $120.00 to $123.00 in a research report on Thursday, December 5th. TD Cowen initiated coverage on shares of ConocoPhillips in a report on Friday, January 17th. They issued a "buy" rating and a $125.00 price target on the stock. Barclays upped their price objective on shares of ConocoPhillips from $135.00 to $137.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Mizuho upgraded shares of ConocoPhillips from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $132.00 to $134.00 in a research report on Monday, December 16th. Finally, Evercore ISI reaffirmed an "outperform" rating and set a $165.00 price objective on shares of ConocoPhillips in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, ConocoPhillips presently has a consensus rating of "Buy" and a consensus target price of $135.89.

Insider Activity

In other ConocoPhillips news, Director R A. Walker purchased 10,400 shares of the company's stock in a transaction dated Tuesday, December 17th. The shares were acquired at an average price of $97.80 per share, for a total transaction of $1,017,120.00. Following the purchase, the director now directly owns 38,000 shares of the company's stock, valued at $3,716,400. The trade was a 37.68 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Arjun N. Murti bought 2,500 shares of the firm's stock in a transaction that occurred on Friday, December 20th. The stock was bought at an average cost of $95.87 per share, for a total transaction of $239,675.00. Following the completion of the acquisition, the director now owns 21,500 shares in the company, valued at $2,061,205. This trade represents a 13.16 % increase in their position. The disclosure for this purchase can be found here. 0.34% of the stock is owned by corporate insiders.

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.