Wellington Shields & Co. LLC reduced its stake in shares of ConocoPhillips (NYSE:COP) by 10.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,601 shares of the energy producer’s stock after selling 1,200 shares during the quarter. Wellington Shields & Co. LLC’s holdings in ConocoPhillips were worth $424,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Stratos Wealth Advisors LLC lifted its holdings in shares of ConocoPhillips by 3.0% during the 4th quarter. Stratos Wealth Advisors LLC now owns 78,878 shares of the energy producer’s stock valued at $3,154,000 after purchasing an additional 2,270 shares in the last quarter. Cornerstone Investment Partners LLC lifted its holdings in shares of ConocoPhillips by 38.6% during the 4th quarter. Cornerstone Investment Partners LLC now owns 38,115 shares of the energy producer’s stock valued at $1,524,000 after purchasing an additional 10,610 shares in the last quarter. Janney Capital Management LLC lifted its holdings in shares of ConocoPhillips by 39.7% during the 4th quarter. Janney Capital Management LLC now owns 183,488 shares of the energy producer’s stock valued at $7,338,000 after purchasing an additional 52,112 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of ConocoPhillips during the 3rd quarter valued at about $8,962,000. Finally, Cambridge Trust Co. lifted its holdings in shares of ConocoPhillips by 4.8% during the 4th quarter. Cambridge Trust Co. now owns 9,493 shares of the energy producer’s stock valued at $380,000 after purchasing an additional 432 shares in the last quarter. Institutional investors and hedge funds own 72.87% of the company’s stock.
Shares of COP stock traded up $0.68 during trading on Tuesday, reaching $51.56. 277,237 shares of the company’s stock were exchanged, compared to its average volume of 11,478,711. The company has a quick ratio of 2.16, a current ratio of 2.38 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $55.31 billion, a PE ratio of -45.03, a PEG ratio of 10.03 and a beta of 1.85. ConocoPhillips has a twelve month low of $20.84 and a twelve month high of $56.94. The firm’s fifty day moving average price is $44.71 and its 200-day moving average price is $38.84.
ConocoPhillips (NYSE:COP) last posted its earnings results on Monday, February 1st. The energy producer reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.06. ConocoPhillips had a negative return on equity of 0.02% and a negative net margin of 5.66%. During the same quarter last year, the firm posted $0.76 EPS. As a group, analysts anticipate that ConocoPhillips will post -0.9 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 1st. Shareholders of record on Friday, February 12th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Thursday, February 11th. ConocoPhillips’s dividend payout ratio is 47.91%.
COP has been the topic of several research reports. BMO Capital Markets upgraded ConocoPhillips to a “buy” rating and set a $56.00 target price on the stock in a research note on Monday, January 11th. Smith Barney Citigroup boosted their target price on ConocoPhillips from $39.00 to $50.00 in a research note on Wednesday, December 9th. Mizuho upgraded ConocoPhillips from a “neutral” rating to a “buy” rating and boosted their target price for the company from $36.00 to $56.00 in a research note on Tuesday, January 12th. Bank of America upgraded ConocoPhillips from a “neutral” rating to a “buy” rating and boosted their target price for the company from $28.62 to $44.00 in a research note on Monday, November 2nd. Finally, Truist boosted their target price on ConocoPhillips from $40.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, December 31st. Three research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $51.32.
ConocoPhillips Company Profile
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations.
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