Lyell Wealth Management LP Sells 14,582 Shares of ConocoPhillips (NYSE:COP)

Lyell Wealth Management LP cut its position in ConocoPhillips (NYSE:COP - Free Report) by 31.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,183 shares of the energy producer's stock after selling 14,582 shares during the quarter. Lyell Wealth Management LP's holdings in ConocoPhillips were worth $3,192,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Cypress Capital Group raised its holdings in ConocoPhillips by 0.5% in the 3rd quarter. Cypress Capital Group now owns 18,790 shares of the energy producer's stock valued at $1,978,000 after acquiring an additional 96 shares in the last quarter. Orrstown Financial Services Inc. raised its holdings in ConocoPhillips by 3.0% in the 4th quarter. Orrstown Financial Services Inc. now owns 3,342 shares of the energy producer's stock valued at $331,000 after acquiring an additional 96 shares in the last quarter. Smithfield Trust Co raised its holdings in ConocoPhillips by 3.3% in the 3rd quarter. Smithfield Trust Co now owns 3,132 shares of the energy producer's stock valued at $332,000 after acquiring an additional 100 shares in the last quarter. Principle Wealth Partners LLC raised its holdings in ConocoPhillips by 0.3% in the 4th quarter. Principle Wealth Partners LLC now owns 37,255 shares of the energy producer's stock valued at $3,695,000 after acquiring an additional 100 shares in the last quarter. Finally, Verus Capital Partners LLC raised its holdings in ConocoPhillips by 2.0% in the 3rd quarter. Verus Capital Partners LLC now owns 5,137 shares of the energy producer's stock valued at $541,000 after acquiring an additional 102 shares in the last quarter. 82.36% of the stock is currently owned by institutional investors.

Insider Activity at ConocoPhillips

In other ConocoPhillips news, Director Arjun N. Murti bought 2,500 shares of the business's stock in a transaction that occurred on Friday, December 20th. The shares were bought at an average price of $95.87 per share, for a total transaction of $239,675.00. Following the transaction, the director now directly owns 21,500 shares in the company, valued at approximately $2,061,205. This trade represents a 13.16 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director R A. Walker bought 10,400 shares of the business's stock in a transaction that occurred on 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 transaction, the director now owns 38,000 shares in the company, valued at $3,716,400. This represents a 37.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.34% of the stock is owned by corporate insiders.

ConocoPhillips Trading Down 4.0 %

Shares of NYSE COP traded down $4.10 during trading on Friday, reaching $97.90. The company had a trading volume of 8,561,843 shares, compared to its average volume of 6,987,319. The company's fifty day moving average price is $100.11 and its 200-day moving average price is $105.44. ConocoPhillips has a 12 month low of $94.23 and a 12 month high of $135.18. The stock has a market cap of $124.57 billion, a P/E ratio of 12.57, a PEG ratio of 0.79 and a beta of 1.18. 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 released its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, beating analysts' consensus estimates 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, research analysts expect that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend 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%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on COP. Morgan Stanley initiated coverage on ConocoPhillips in a report on Monday, December 16th. They issued an "overweight" rating and a $128.00 price objective for the company. Truist Financial boosted their price target on ConocoPhillips from $138.00 to $139.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Susquehanna upped their target price on ConocoPhillips from $144.00 to $148.00 and gave the stock a "positive" rating in a report on Friday, November 1st. Raymond James cut ConocoPhillips from a "strong-buy" rating to an "outperform" rating and lowered their target price for the stock from $157.00 to $124.00 in a report on Monday, February 10th. Finally, Barclays lowered their target price on ConocoPhillips from $137.00 to $135.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $133.47.

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.