Free Trial

Sendero Wealth Management LLC Has $5.08 Million Holdings in ConocoPhillips (NYSE:COP)

ConocoPhillips logo with Oils/Energy background

Sendero Wealth Management LLC lessened its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 42.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 51,203 shares of the energy producer's stock after selling 37,538 shares during the quarter. ConocoPhillips makes up approximately 0.8% of Sendero Wealth Management LLC's portfolio, making the stock its 29th largest holding. Sendero Wealth Management LLC's holdings in ConocoPhillips were worth $5,078,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Tidal Investments LLC boosted its stake in shares of ConocoPhillips by 42.7% during the 3rd quarter. Tidal Investments LLC now owns 103,553 shares of the energy producer's stock worth $10,902,000 after acquiring an additional 31,011 shares in the last quarter. Alpha DNA Investment Management LLC lifted its holdings in ConocoPhillips by 83.8% in the 2nd quarter. Alpha DNA Investment Management LLC now owns 16,427 shares of the energy producer's stock worth $1,879,000 after purchasing an additional 7,490 shares during the last quarter. Prospera Financial Services Inc boosted its position in ConocoPhillips by 23.6% during the third quarter. Prospera Financial Services Inc now owns 71,097 shares of the energy producer's stock worth $7,488,000 after purchasing an additional 13,595 shares during the period. The Manufacturers Life Insurance Company boosted its position in ConocoPhillips by 1.9% during the third quarter. The Manufacturers Life Insurance Company now owns 2,489,514 shares of the energy producer's stock worth $262,094,000 after purchasing an additional 46,621 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in ConocoPhillips by 5,422.3% during the third quarter. Pacer Advisors Inc. now owns 4,587,729 shares of the energy producer's stock valued at $482,996,000 after purchasing an additional 4,504,653 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Price Performance

Shares of ConocoPhillips stock traded up $0.14 during trading on Thursday, hitting $105.62. 5,272,235 shares of the company's stock traded hands, compared to its average volume of 5,594,242. The company has a market cap of $121.56 billion, a PE ratio of 12.56, a PEG ratio of 0.81 and a beta of 1.19. The firm's fifty day moving average price is $104.05 and its 200 day moving average price is $107.54. ConocoPhillips has a twelve month low of $94.23 and a twelve month high of $135.18. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 1.16.

ConocoPhillips (NYSE:COP - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The energy producer reported $1.78 earnings per share for the quarter, beating analysts' consensus estimates of $1.68 by $0.10. ConocoPhillips had a return on equity of 19.53% and a net margin of 17.29%. The company had revenue of $13.60 billion for the quarter, compared to the consensus estimate of $13.97 billion. During the same period in the previous year, the business earned $2.16 earnings per share. The company's quarterly revenue was down 8.5% on a year-over-year basis. Analysts forecast that ConocoPhillips will post 7.7 earnings per share for the current year.

ConocoPhillips Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 11th were paid a dividend of $0.78 per share. This is a positive change from ConocoPhillips's previous quarterly dividend of $0.58. This represents a $3.12 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend was Friday, November 8th. ConocoPhillips's dividend payout ratio is currently 37.10%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on COP shares. Mizuho raised shares of ConocoPhillips from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $132.00 to $134.00 in a report on Monday, December 16th. Morgan Stanley initiated coverage on ConocoPhillips in a research report on Monday, December 16th. They issued an "overweight" rating and a $128.00 price target on the stock. Piper Sandler dropped their price objective on ConocoPhillips from $135.00 to $114.00 and set an "overweight" rating on the stock in a research note on Thursday, December 19th. Truist Financial raised their target price on ConocoPhillips from $138.00 to $139.00 and gave the company a "buy" rating in a report on Monday. Finally, Susquehanna lifted their price target on ConocoPhillips from $144.00 to $148.00 and gave the stock a "positive" rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $136.65.

Read Our Latest Stock Report on COP

Insider Buying and Selling at ConocoPhillips

In other news, Director Arjun N. Murti acquired 2,500 shares of the company's stock in a transaction dated Friday, December 20th. The stock was bought at an average price of $95.87 per share, with a total value of $239,675.00. Following the completion of the acquisition, the director now owns 21,500 shares in the company, valued at approximately $2,061,205. This represents a 13.16 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director R A. Walker bought 10,400 shares of ConocoPhillips stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average cost of $97.80 per share, for a total transaction of $1,017,120.00. Following the completion of the acquisition, the director now directly 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. Company insiders own 0.34% of the company's stock.

ConocoPhillips Company Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

Should You Invest $1,000 in ConocoPhillips Right Now?

Before you consider ConocoPhillips, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ConocoPhillips wasn't on the list.

While ConocoPhillips currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

A Beginner's Guide to Investing in Cannabis Cover

Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Transportation Stocks to Watch in 2025: Top Picks for Growth
Crypto Boom 2025: Bitcoin’s Rise and Trump’s Impact on the Market
Goldman Sachs’ 2025 Market Outlook: Top 3 Stock Picks

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines