Vestor Capital LLC Sells 128,269 Shares of ConocoPhillips (NYSE:COP)

Vestor Capital LLC cut its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 66.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,294 shares of the energy producer's stock after selling 128,269 shares during the period. Vestor Capital LLC's holdings in ConocoPhillips were worth $6,376,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Albion Financial Group UT lifted its position in shares of ConocoPhillips by 876.9% during the fourth quarter. Albion Financial Group UT now owns 254 shares of the energy producer's stock valued at $25,000 after purchasing an additional 228 shares in the last quarter. Centricity Wealth Management LLC purchased a new stake in ConocoPhillips in the 4th quarter valued at about $27,000. Truvestments Capital LLC bought a new position in shares of ConocoPhillips during the 3rd quarter worth approximately $31,000. RPg Family Wealth Advisory LLC purchased a new position in shares of ConocoPhillips in the 3rd quarter worth approximately $35,000. Finally, Marshall Investment Management LLC bought a new position in shares of ConocoPhillips in the fourth quarter valued at approximately $36,000. 82.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on COP. Mizuho upgraded ConocoPhillips from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $132.00 to $134.00 in a report on Monday, December 16th. 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 research note on Monday, February 10th. Piper Sandler cut their price target on shares of ConocoPhillips from $135.00 to $114.00 and set an "overweight" rating on the stock in a report on Thursday, December 19th. Barclays decreased their price objective on shares of ConocoPhillips from $137.00 to $135.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Finally, Wells Fargo & Company dropped their target price on shares of ConocoPhillips from $132.00 to $128.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, ConocoPhillips currently has a consensus rating of "Moderate Buy" and a consensus target price of $133.05.

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ConocoPhillips Price Performance

Shares of COP stock traded down $0.45 during trading hours on Tuesday, reaching $101.74. The stock had a trading volume of 2,047,205 shares, compared to its average volume of 6,431,063. The stock's fifty day simple moving average is $99.17 and its 200 day simple moving average is $103.33. The firm has a market capitalization of $129.46 billion, a PE ratio of 13.04, a PEG ratio of 0.79 and a beta of 1.12. ConocoPhillips has a 12 month low of $86.81 and a 12 month high of $135.18. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 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%. On average, equities research analysts predict that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Friday, February 14th. ConocoPhillips's payout ratio is 40.05%.

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.