Legacy Solutions LLC Invests $271,000 in ConocoPhillips (NYSE:COP)

Legacy Solutions LLC purchased a new stake in shares of ConocoPhillips (NYSE:COP - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 2,729 shares of the energy producer's stock, valued at approximately $271,000.

Several other institutional investors have also recently made changes to their positions in the company. Albion Financial Group UT raised its position 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 buying an additional 228 shares in the last quarter. Values First Advisors Inc. bought a new position in ConocoPhillips in the third quarter valued at $26,000. Reston Wealth Management LLC purchased a new stake in ConocoPhillips during the third quarter valued at about $31,000. Truvestments Capital LLC bought a new stake in ConocoPhillips during the third quarter worth about $31,000. Finally, Global Wealth Strategies & Associates boosted its holdings in shares of ConocoPhillips by 80.5% in the 4th quarter. Global Wealth Strategies & Associates now owns 343 shares of the energy producer's stock worth $34,000 after purchasing an additional 153 shares in the last quarter. Institutional investors own 82.36% of the company's stock.

Insider Activity

In other news, Director Arjun N. Murti purchased 2,500 shares of the business's stock in a transaction dated Friday, December 20th. The shares were purchased at an average price of $95.87 per share, for a total transaction of $239,675.00. Following the completion of 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 purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director R A. Walker acquired 10,400 shares of the firm's stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average price of $97.80 per share, with a total value of $1,017,120.00. Following the completion of the acquisition, the director now owns 38,000 shares in the company, valued at $3,716,400. The trade was a 37.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.34% of the company's stock.

ConocoPhillips Stock Down 4.0 %

Shares of ConocoPhillips stock traded down $4.10 during trading on Friday, hitting $97.90. The company's stock had a trading volume of 8,561,843 shares, compared to its average volume of 6,781,136. ConocoPhillips has a 52 week low of $94.23 and a 52 week high of $135.18. 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 company has a fifty day simple moving average of $100.11 and a two-hundred day simple moving average of $105.44. The company 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.

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

ConocoPhillips Dividend Announcement

The business also recently announced 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 of this dividend is Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.19%. ConocoPhillips's dividend payout ratio is currently 40.05%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on COP shares. Mizuho raised ConocoPhillips from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $132.00 to $134.00 in a report on Monday, December 16th. Wells Fargo & Company cut their price target on shares of ConocoPhillips from $132.00 to $128.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Truist Financial upped their price objective 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. Susquehanna boosted their price target on ConocoPhillips from $144.00 to $148.00 and gave the company a "positive" rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. upgraded ConocoPhillips from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $120.00 to $123.00 in a report on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, ConocoPhillips has an average rating of "Moderate Buy" and a consensus price target of $133.56.

About ConocoPhillips

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.