Value Holdings Management CO. LLC Takes Position in ConocoPhillips (NYSE:COP)

Value Holdings Management CO. LLC bought a new position in shares of ConocoPhillips (NYSE:COP - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 51,509 shares of the energy producer's stock, valued at approximately $5,108,000. ConocoPhillips makes up about 0.9% of Value Holdings Management CO. LLC's holdings, making the stock its 24th biggest holding.

A number of other hedge funds have also bought and sold shares of COP. Premier Path Wealth Partners LLC lifted its stake in ConocoPhillips by 33.6% in the 4th quarter. Premier Path Wealth Partners LLC now owns 4,774 shares of the energy producer's stock worth $473,000 after purchasing an additional 1,200 shares in the last quarter. Sanibel Captiva Trust Company Inc. boosted its position in shares of ConocoPhillips by 40.4% during the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 47,065 shares of the energy producer's stock valued at $4,667,000 after acquiring an additional 13,553 shares during the last quarter. Howard Financial Services LTD. increased its position in shares of ConocoPhillips by 25.7% in the fourth quarter. Howard Financial Services LTD. now owns 4,163 shares of the energy producer's stock worth $413,000 after purchasing an additional 850 shares during the last quarter. Alhambra Investment Management LLC raised its stake in ConocoPhillips by 38.9% in the fourth quarter. Alhambra Investment Management LLC now owns 2,815 shares of the energy producer's stock valued at $279,000 after purchasing an additional 788 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its position in ConocoPhillips by 50.7% during the fourth quarter. Arkadios Wealth Advisors now owns 22,257 shares of the energy producer's stock valued at $2,207,000 after purchasing an additional 7,491 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director R A. Walker purchased 10,400 shares of the business's stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average price of $97.80 per share, for a total transaction of $1,017,120.00. Following the completion of the purchase, the director now directly owns 38,000 shares of the company's stock, valued at $3,716,400. This trade represents a 37.68 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Arjun N. Murti bought 2,500 shares of ConocoPhillips stock in a transaction dated Friday, December 20th. The stock was purchased at an average price of $95.87 per share, with a total value of $239,675.00. Following the purchase, 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 position. The disclosure for this purchase can be found here. 0.34% of the stock is owned by company insiders.

ConocoPhillips Trading Up 0.1 %

Shares of ConocoPhillips stock traded up $0.15 on Friday, reaching $105.76. The company had a trading volume of 8,546,391 shares, compared to its average volume of 6,479,072. The firm's 50 day moving average price is $103.79 and its two-hundred day moving average price is $107.43. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.16 and a current ratio of 1.30. ConocoPhillips has a 52-week low of $94.23 and a 52-week high of $135.18. The firm has a market cap of $121.72 billion, a PE ratio of 12.58, a PEG ratio of 0.81 and a beta of 1.19.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The energy producer reported $1.78 EPS for the quarter, beating the consensus estimate of $1.68 by $0.10. The business had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.97 billion. ConocoPhillips had a net margin of 17.29% and a return on equity of 19.53%. The business's revenue for the quarter was down 8.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.16 earnings per share. Sell-side analysts predict that ConocoPhillips will post 7.7 earnings per share for the current fiscal year.

ConocoPhillips Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 11th were paid a $0.78 dividend. The ex-dividend date of this dividend was Friday, November 8th. This is a boost from ConocoPhillips's previous quarterly dividend of $0.58. This represents a $3.12 dividend on an annualized basis and a yield of 2.95%. ConocoPhillips's dividend payout ratio (DPR) is currently 37.10%.

Analysts Set New Price Targets

Several equities analysts have recently commented on COP shares. Barclays increased their price objective on ConocoPhillips from $135.00 to $137.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Piper Sandler decreased their price target on shares of ConocoPhillips from $135.00 to $114.00 and set an "overweight" rating on the stock in a research note on Thursday, December 19th. Evercore ISI reaffirmed an "outperform" rating and issued a $165.00 price objective on shares of ConocoPhillips in a research note on Friday, December 6th. JPMorgan Chase & Co. upgraded shares of ConocoPhillips from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $120.00 to $123.00 in a research report on Thursday, December 5th. Finally, TD Cowen initiated coverage on ConocoPhillips in a research note on Friday. They set a "buy" rating and a $125.00 price objective on the stock. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, ConocoPhillips currently has an average rating of "Buy" and a consensus price target of $136.00.

ConocoPhillips 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.