Geller Advisors LLC Acquires Shares of 2,068 ConocoPhillips (NYSE:COP)

Geller Advisors LLC bought a new stake in ConocoPhillips (NYSE:COP) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,068 shares of the energy producer’s stock, valued at approximately $206,000.

A number of other institutional investors have also recently made changes to their positions in COP. Ten Capital Wealth Advisors LLC raised its position in shares of ConocoPhillips by 205.8% in the fourth quarter. Ten Capital Wealth Advisors LLC now owns 211 shares of the energy producer’s stock valued at $25,000 after purchasing an additional 142 shares during the period. Jackson Grant Investment Advisers Inc. lifted its position in shares of ConocoPhillips by 398.1% during the first quarter. Jackson Grant Investment Advisers Inc. now owns 269 shares of the energy producer’s stock worth $27,000 after acquiring an additional 215 shares in the last quarter. Financial Connections Group Inc. grew its position in shares of ConocoPhillips by 383.3% in the fourth quarter. Financial Connections Group Inc. now owns 290 shares of the energy producer’s stock valued at $34,000 after purchasing an additional 230 shares in the last quarter. Fairfield Bush & CO. bought a new stake in shares of ConocoPhillips during the 1st quarter valued at $31,000. Finally, NewSquare Capital LLC lifted its holdings in ConocoPhillips by 335.4% during the 1st quarter. NewSquare Capital LLC now owns 344 shares of the energy producer’s stock worth $34,000 after purchasing an additional 265 shares in the last quarter. Hedge funds and other institutional investors own 80.36% of the company’s stock.

ConocoPhillips Trading Down 1.1 %

Shares of NYSE COP opened at $121.71 on Friday. ConocoPhillips has a 1 year low of $91.53 and a 1 year high of $138.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.41 and a quick ratio of 1.28. The firm has a 50-day moving average of $113.88 and a 200 day moving average of $106.48. The stock has a market cap of $145.75 billion, a P/E ratio of 11.73, a price-to-earnings-growth ratio of 0.76 and a beta of 1.30.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, August 3rd. The energy producer reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.94 by ($0.10). The firm had revenue of $12.88 billion during the quarter, compared to the consensus estimate of $14.64 billion. ConocoPhillips had a return on equity of 27.27% and a net margin of 18.66%. During the same quarter in the prior year, the company posted $3.91 EPS. As a group, sell-side analysts expect that ConocoPhillips will post 8.87 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Wednesday, August 16th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Wednesday, September 27th. This represents a $2.04 dividend on an annualized basis and a yield of 1.68%. ConocoPhillips’s dividend payout ratio is presently 19.65%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on COP. Truist Financial upped their price target on ConocoPhillips from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Citigroup lowered their price target on ConocoPhillips from $145.00 to $140.00 in a report on Wednesday, July 12th. Jefferies Financial Group dropped their target price on shares of ConocoPhillips from $143.00 to $141.00 and set a “buy” rating for the company in a research report on Monday, August 28th. Wells Fargo & Company lifted their price objective on shares of ConocoPhillips from $134.00 to $138.00 and gave the stock an “overweight” rating in a report on Friday, August 4th. Finally, Mizuho upped their price objective on ConocoPhillips from $127.00 to $135.00 and gave the stock a “neutral” rating in a report on Wednesday, August 16th. Five analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $134.42.

Insider Activity

In other ConocoPhillips news, CEO Ryan Michael Lance sold 569,400 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $122.14, for a total value of $69,546,516.00. Following the transaction, the chief executive officer now directly owns 18,187 shares of the company’s stock, valued at $2,221,360.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.37% of the company’s stock.

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 and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.