Jump Financial LLC Invests $1.13 Million in ConocoPhillips (NYSE:COP)

Jump Financial LLC purchased a new stake in shares of ConocoPhillips (NYSE:COP - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 11,370 shares of the energy producer's stock, valued at approximately $1,128,000.

Other large investors have also recently made changes to their positions in the company. Albion Financial Group UT grew its stake in shares of ConocoPhillips by 876.9% during the 4th quarter. Albion Financial Group UT now owns 254 shares of the energy producer's stock valued at $25,000 after acquiring an additional 228 shares during the period. Murphy & Mullick Capital Management Corp purchased a new position in ConocoPhillips during the fourth quarter valued at approximately $26,000. Centricity Wealth Management LLC purchased a new stake in shares of ConocoPhillips in the fourth quarter worth $27,000. Crowley Wealth Management Inc. bought a new stake in shares of ConocoPhillips during the 4th quarter valued at $32,000. Finally, Global Wealth Strategies & Associates lifted its stake in shares of ConocoPhillips by 80.5% during the 4th quarter. Global Wealth Strategies & Associates now owns 343 shares of the energy producer's stock valued at $34,000 after buying an additional 153 shares in the last quarter. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips Stock Up 1.8 %

Shares of COP traded up $1.66 during trading hours on Thursday, hitting $91.59. The company had a trading volume of 1,868,760 shares, compared to its average volume of 7,118,628. The company has a market capitalization of $115.78 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83. The company's fifty day moving average price is $94.76 and its two-hundred day moving average price is $100.95. ConocoPhillips has a one year low of $79.88 and a one year high of $130.77. 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 (NYSE:COP - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 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, equities analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently announced 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. The ex-dividend date was Friday, February 14th. This represents a $3.12 annualized dividend and a yield of 3.41%. ConocoPhillips's dividend payout ratio (DPR) is 40.05%.

Analysts Set New Price Targets

A number of research firms have commented on COP. Truist Financial raised their price target on ConocoPhillips from $138.00 to $139.00 and gave the company a "buy" rating in a report on Monday, January 13th. The Goldman Sachs Group set a $132.00 price target on ConocoPhillips in a research note on Thursday, January 30th. Barclays dropped their target price on ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating for the company in a report on Wednesday. UBS Group dropped their price target on shares of ConocoPhillips from $116.00 to $111.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, ConocoPhillips presently has a consensus rating of "Moderate Buy" and an average price target of $126.89.

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.