XML Financial LLC Acquires 149 Shares of ConocoPhillips (NYSE:COP)

XML Financial LLC boosted its holdings in ConocoPhillips (NYSE:COPFree Report) by 3.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,590 shares of the energy producer’s stock after acquiring an additional 149 shares during the quarter. XML Financial LLC’s holdings in ConocoPhillips were worth $533,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Orion Capital Management LLC purchased a new stake in ConocoPhillips in the 3rd quarter valued at about $27,000. West Branch Capital LLC increased its stake in ConocoPhillips by 87.8% in the 4th quarter. West Branch Capital LLC now owns 231 shares of the energy producer’s stock valued at $27,000 after buying an additional 108 shares during the last quarter. Sachetta LLC purchased a new stake in ConocoPhillips in the 4th quarter valued at about $27,000. Cape Investment Advisory Inc. increased its stake in ConocoPhillips by 96.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 247 shares of the energy producer’s stock valued at $29,000 after buying an additional 121 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group increased its stake in shares of ConocoPhillips by 63.1% during the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 287 shares of the energy producer’s stock worth $34,000 after purchasing an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Insider Buying and Selling

In related news, CFO William L. Jr. Bullock sold 45,200 shares of ConocoPhillips stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $123.32, for a total value of $5,574,064.00. Following the transaction, the chief financial officer now owns 44,153 shares in the company, valued at approximately $5,444,947.96. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other ConocoPhillips news, CFO William L. Jr. Bullock sold 45,200 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $123.32, for a total value of $5,574,064.00. Following the transaction, the chief financial officer now owns 44,153 shares in the company, valued at $5,444,947.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Nicholas G. Olds sold 12,150 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $126.44, for a total transaction of $1,536,246.00. Following the completion of the transaction, the executive vice president now owns 14,522 shares in the company, valued at approximately $1,836,161.68. The disclosure for this sale can be found here. Insiders have sold a total of 664,350 shares of company stock worth $83,537,680 in the last 90 days. 0.34% of the stock is owned by company insiders.

ConocoPhillips Stock Performance

NYSE COP opened at $113.32 on Tuesday. ConocoPhillips has a 52-week low of $99.35 and a 52-week high of $135.18. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.21 and a current ratio of 1.35. The company has a market capitalization of $132.53 billion, a P/E ratio of 12.83, a P/E/G ratio of 2.51 and a beta of 1.23. The company has a fifty day moving average of $123.60 and a 200-day moving average of $117.74.

ConocoPhillips (NYSE:COPGet Free Report) last issued its earnings results on Thursday, May 2nd. The energy producer reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.04. The company had revenue of $14.48 billion for the quarter, compared to analysts’ expectations of $14.72 billion. ConocoPhillips had a net margin of 18.40% and a return on equity of 20.85%. As a group, equities research analysts predict that ConocoPhillips will post 8.93 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 13th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend was Friday, May 10th. ConocoPhillips’s payout ratio is presently 26.27%.

Analyst Upgrades and Downgrades

COP has been the subject of several research analyst reports. Susquehanna raised their price target on shares of ConocoPhillips from $133.00 to $154.00 and gave the stock a “positive” rating in a research note on Monday, April 22nd. Mizuho decreased their price target on shares of ConocoPhillips from $142.00 to $132.00 and set a “neutral” rating for the company in a research note on Wednesday, June 5th. StockNews.com lowered shares of ConocoPhillips from a “buy” rating to a “hold” rating in a research note on Tuesday, June 4th. Wells Fargo & Company raised their price target on shares of ConocoPhillips from $149.00 to $151.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Finally, Truist Financial lifted their price objective on shares of ConocoPhillips from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, June 3rd. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $144.35.

Read Our Latest Stock Analysis on COP

About ConocoPhillips

(Free Report)

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.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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