Ieq Capital LLC Buys 17,342 Shares of ConocoPhillips (NYSE:COP)

Ieq Capital LLC lifted its holdings in ConocoPhillips (NYSE:COP - Free Report) by 24.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,027 shares of the energy producer's stock after buying an additional 17,342 shares during the period. Ieq Capital LLC's holdings in ConocoPhillips were worth $8,730,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of COP. Values First Advisors Inc. purchased a new position in ConocoPhillips during the 3rd quarter valued at about $26,000. Albion Financial Group UT lifted its position in shares of ConocoPhillips by 876.9% in the fourth quarter. Albion Financial Group UT now owns 254 shares of the energy producer's stock worth $25,000 after purchasing an additional 228 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in shares of ConocoPhillips during the third quarter worth approximately $31,000. Truvestments Capital LLC purchased a new position in ConocoPhillips during the third quarter valued at approximately $31,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in ConocoPhillips in the 3rd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 82.36% of the company's stock.

Insider Buying and Selling

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

ConocoPhillips Stock Performance

COP stock traded down $4.10 during mid-day trading on Friday, reaching $97.90. 8,561,843 shares of the stock traded hands, compared to its average volume of 6,781,136. The firm has a market capitalization of $124.57 billion, a PE ratio of 12.57, a P/E/G ratio of 0.78 and a beta of 1.18. The business has a 50-day moving average of $100.17 and a two-hundred day moving average of $105.48. ConocoPhillips has a 52 week low of $94.23 and a 52 week high of $135.18. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. As a group, equities analysts predict that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be paid a $0.78 dividend. The ex-dividend date is Friday, February 14th. This represents a $3.12 annualized dividend and a dividend yield of 3.19%. ConocoPhillips's payout ratio is 40.05%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on COP shares. Piper Sandler decreased their target price on shares of ConocoPhillips from $135.00 to $114.00 and set an "overweight" rating for the company in a research note on Thursday, December 19th. Barclays lowered their target price on ConocoPhillips from $137.00 to $135.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Raymond James downgraded ConocoPhillips from a "strong-buy" rating to an "outperform" rating and cut their price target for the stock from $157.00 to $124.00 in a research note on Monday, February 10th. Evercore ISI reissued an "outperform" rating and issued a $165.00 price target on shares of ConocoPhillips in a research note on Friday, December 6th. Finally, Susquehanna raised their price objective on shares of ConocoPhillips from $144.00 to $148.00 and gave the company a "positive" rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $133.56.

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.