Texas Yale Capital Corp. Cuts Position in ConocoPhillips (NYSE:COP)

Texas Yale Capital Corp. trimmed its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 79.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,871 shares of the energy producer's stock after selling 11,057 shares during the period. Texas Yale Capital Corp.'s holdings in ConocoPhillips were worth $285,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in COP. Orrstown Financial Services Inc. boosted its stake in shares of ConocoPhillips by 3.0% in the fourth quarter. Orrstown Financial Services Inc. now owns 3,342 shares of the energy producer's stock valued at $331,000 after purchasing an additional 96 shares during the period. Principle Wealth Partners LLC boosted its position 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 buying an additional 100 shares during the period. Arlington Trust Co LLC grew its stake in shares of ConocoPhillips by 1.2% in the fourth quarter. Arlington Trust Co LLC now owns 8,640 shares of the energy producer's stock worth $857,000 after acquiring an additional 102 shares in the last quarter. Courier Capital LLC increased its position in shares of ConocoPhillips by 0.5% during the fourth quarter. Courier Capital LLC now owns 20,481 shares of the energy producer's stock worth $2,031,000 after acquiring an additional 103 shares during the period. Finally, Gray Wealth Management Inc. raised its stake in shares of ConocoPhillips by 5.0% in the fourth quarter. Gray Wealth Management Inc. now owns 2,171 shares of the energy producer's stock valued at $215,000 after acquiring an additional 104 shares in the last quarter. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

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ConocoPhillips Stock Performance

Shares of COP stock traded up $0.05 during midday trading on Monday, hitting $86.44. The company had a trading volume of 2,009,814 shares, compared to its average volume of 8,792,308. ConocoPhillips has a 52-week low of $79.88 and a 52-week high of $132.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14. The company's 50 day simple moving average is $96.51 and its 200 day simple moving average is $102.04. The stock has a market cap of $109.27 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 0.79 and a beta of 0.83.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings data 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%. Research analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were given a $0.78 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a yield of 3.61%. ConocoPhillips's payout ratio is currently 40.05%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on COP. Morgan Stanley cut their price target on ConocoPhillips from $131.00 to $126.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. The Goldman Sachs Group set a $132.00 target price on shares of ConocoPhillips in a research note on Thursday, January 30th. Barclays decreased their price target on shares of ConocoPhillips from $137.00 to $135.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. UBS Group reduced their price objective on shares of ConocoPhillips from $130.00 to $116.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Finally, Piper Sandler lowered 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. Two 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 stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $129.74.

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.