2,846 Shares in ConocoPhillips (NYSE:COP) Acquired by Wayfinding Financial LLC

Wayfinding Financial LLC bought a new stake in ConocoPhillips (NYSE:COP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,846 shares of the energy producer's stock, valued at approximately $282,000.

Several other large investors have also modified their holdings of COP. Tidal Investments LLC raised its position in 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 buying an additional 31,011 shares during the last quarter. Leavell Investment Management Inc. increased its stake in shares of ConocoPhillips by 59.8% during the fourth quarter. Leavell Investment Management Inc. now owns 19,166 shares of the energy producer's stock worth $1,901,000 after acquiring an additional 7,174 shares during the period. Brookstone Capital Management raised its holdings in ConocoPhillips by 4.5% during the fourth quarter. Brookstone Capital Management now owns 8,855 shares of the energy producer's stock worth $878,000 after purchasing an additional 383 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings 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 in the last quarter. Finally, Pacer Advisors Inc. lifted its position in ConocoPhillips by 5,422.3% in 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 period. Hedge funds and other institutional investors own 82.36% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on COP shares. Truist Financial increased their target price on ConocoPhillips from $138.00 to $139.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Piper Sandler cut their price objective on ConocoPhillips from $135.00 to $114.00 and set an "overweight" rating for the company in a research report on Thursday, December 19th. UBS Group decreased their target price on shares of ConocoPhillips from $140.00 to $137.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. Raymond James cut shares of ConocoPhillips from a "strong-buy" rating to an "outperform" rating and lowered their price target for the stock from $157.00 to $124.00 in a research note on Monday, February 10th. Finally, The Goldman Sachs Group set a $132.00 price objective on shares of ConocoPhillips in a research note on Thursday, January 30th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $133.05.

ConocoPhillips Price Performance

COP stock traded up $0.25 during trading on Tuesday, hitting $102.44. The stock had a trading volume of 6,556,167 shares, compared to its average volume of 6,428,560. The stock has a market cap of $130.34 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth ratio of 0.79 and a beta of 1.12. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29. The company's 50 day moving average price is $99.12 and its two-hundred day moving average price is $103.31. ConocoPhillips has a 1-year low of $86.81 and a 1-year high of $135.18.

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%. On average, sell-side analysts forecast that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend was Friday, February 14th. ConocoPhillips's dividend payout ratio is currently 40.05%.

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.