Harbour Investments Inc. Buys 3,491 Shares of ConocoPhillips (NYSE:COP)

Harbour Investments Inc. boosted its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 26.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,632 shares of the energy producer's stock after buying an additional 3,491 shares during the period. Harbour Investments Inc.'s holdings in ConocoPhillips were worth $1,649,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Atlanta Consulting Group Advisors LLC bought a new stake in ConocoPhillips during the third quarter worth $410,000. Claro Advisors LLC grew its stake in shares of ConocoPhillips by 23.5% in the 3rd quarter. Claro Advisors LLC now owns 4,215 shares of the energy producer's stock worth $444,000 after acquiring an additional 803 shares in the last quarter. Strengthening Families & Communities LLC raised its holdings in shares of ConocoPhillips by 11.2% in the third quarter. Strengthening Families & Communities LLC now owns 16,403 shares of the energy producer's stock valued at $1,727,000 after purchasing an additional 1,655 shares during the last quarter. Drive Wealth Management LLC raised its holdings in shares of ConocoPhillips by 3.2% in the third quarter. Drive Wealth Management LLC now owns 15,455 shares of the energy producer's stock valued at $1,627,000 after purchasing an additional 475 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC lifted its position in shares of ConocoPhillips by 6.3% during the third quarter. Cassaday & Co Wealth Management LLC now owns 4,328 shares of the energy producer's stock valued at $456,000 after purchasing an additional 255 shares in the last quarter. 82.36% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several research firms have commented on COP. Raymond James lowered shares of ConocoPhillips from a "strong-buy" rating to an "outperform" rating and decreased their price objective for the company from $157.00 to $124.00 in a research note on Monday, February 10th. Truist Financial increased their price target on ConocoPhillips from $138.00 to $139.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Mizuho upgraded 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 note on Monday, December 16th. Piper Sandler lowered their target price on ConocoPhillips from $135.00 to $114.00 and set an "overweight" rating on the stock in a research note on Thursday, December 19th. Finally, Evercore ISI reiterated an "outperform" rating and issued a $165.00 target price on shares of ConocoPhillips in a research note on Friday, December 6th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $133.05.

ConocoPhillips Price Performance

Shares of ConocoPhillips stock traded down $0.26 on Friday, reaching $102.05. The stock had a trading volume of 55,089,885 shares, compared to its average volume of 6,439,609. The business's 50 day moving average is $99.21 and its two-hundred day moving average is $103.53. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. ConocoPhillips has a 1 year low of $86.81 and a 1 year high of $135.18. The company has a market cap of $129.84 billion, a P/E ratio of 13.10, a price-to-earnings-growth ratio of 0.79 and a beta of 1.12.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts anticipate that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 3.06%. The ex-dividend date was Friday, February 14th. ConocoPhillips's dividend payout ratio is 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.