Janiczek Wealth Management LLC Sells 556 Shares of ConocoPhillips (NYSE:COP)

Janiczek Wealth Management LLC trimmed its position in shares of ConocoPhillips (NYSE:COP) by 16.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,887 shares of the energy producer’s stock after selling 556 shares during the period. Janiczek Wealth Management LLC’s holdings in ConocoPhillips were worth $299,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of COP. Jackson Grant Investment Advisers Inc. grew its stake in shares of ConocoPhillips by 398.1% in the 1st quarter. Jackson Grant Investment Advisers Inc. now owns 269 shares of the energy producer’s stock worth $27,000 after buying an additional 215 shares in the last quarter. Fairfield Bush & CO. purchased a new position in shares of ConocoPhillips in the 1st quarter worth $31,000. Financial Connections Group Inc. grew its stake in shares of ConocoPhillips by 383.3% in the 4th quarter. Financial Connections Group Inc. now owns 290 shares of the energy producer’s stock worth $34,000 after buying an additional 230 shares in the last quarter. NewSquare Capital LLC grew its stake in shares of ConocoPhillips by 335.4% in the 1st quarter. NewSquare Capital LLC now owns 344 shares of the energy producer’s stock worth $34,000 after buying an additional 265 shares in the last quarter. Finally, Horan Securities Inc. boosted its stake in shares of ConocoPhillips by 40.2% during the 1st quarter. Horan Securities Inc. now owns 349 shares of the energy producer’s stock worth $35,000 after purchasing an additional 100 shares during the period. 80.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

COP has been the subject of a number of recent analyst reports. Raymond James dropped their price target on shares of ConocoPhillips from $142.00 to $138.00 and set a “strong-buy” rating for the company in a research note on Monday, July 24th. Piper Sandler dropped their price target on shares of ConocoPhillips from $149.00 to $125.00 in a research note on Tuesday, June 13th. Citigroup dropped their price target on shares of ConocoPhillips from $145.00 to $140.00 in a research note on Wednesday, July 12th. UBS Group lifted their price objective on shares of ConocoPhillips from $127.00 to $147.00 and gave the company a “buy” rating in a report on Thursday, August 17th. Finally, StockNews.com initiated coverage on shares of ConocoPhillips in a report on Thursday, August 17th. They set a “hold” rating for the company. Five equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, ConocoPhillips currently has an average rating of “Moderate Buy” and an average price target of $134.42.

ConocoPhillips Trading Down 0.7 %

NYSE:COP traded down $0.93 on Friday, reaching $123.57. The stock had a trading volume of 12,440,960 shares, compared to its average volume of 3,823,348. The company has a market cap of $147.97 billion, a price-to-earnings ratio of 11.90, a P/E/G ratio of 0.78 and a beta of 1.30. 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’s fifty day moving average is $116.22 and its two-hundred day moving average is $107.24. ConocoPhillips has a 12-month low of $91.53 and a 12-month high of $138.49.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, August 3rd. The energy producer reported $1.84 earnings per share for the quarter, missing the consensus estimate of $1.94 by ($0.10). The company had revenue of $12.88 billion for the quarter, compared to analysts’ expectations 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 previous year, the company earned $3.91 earnings per share. Equities analysts expect that ConocoPhillips will post 8.74 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Thursday, September 28th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Wednesday, September 27th. ConocoPhillips’s dividend payout ratio (DPR) is presently 19.65%.

Insider Buying and Selling

In related news, CEO Ryan Michael Lance sold 569,400 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $122.14, for a total transaction of $69,546,516.00. Following the completion of the sale, the chief executive officer now owns 18,187 shares of the company’s stock, valued at approximately $2,221,360.18. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.37% of the company’s stock.

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 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.