Ameritas Advisory Services LLC increased its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 126.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,354 shares of the energy producer's stock after acquiring an additional 8,572 shares during the period. Ameritas Advisory Services LLC's holdings in ConocoPhillips were worth $1,523,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of COP. Cypress Capital Group boosted its stake in shares of ConocoPhillips by 0.5% in the 3rd quarter. Cypress Capital Group now owns 18,790 shares of the energy producer's stock worth $1,978,000 after buying an additional 96 shares during the last quarter. Aprio Wealth Management LLC lifted its holdings in ConocoPhillips by 4.8% during the third quarter. Aprio Wealth Management LLC now owns 2,125 shares of the energy producer's stock worth $224,000 after acquiring an additional 97 shares during the period. Smithfield Trust Co boosted its position in ConocoPhillips by 3.3% in the third quarter. Smithfield Trust Co now owns 3,132 shares of the energy producer's stock worth $332,000 after purchasing an additional 100 shares during the last quarter. Ignite Planners LLC grew its stake in ConocoPhillips by 1.0% in the 3rd quarter. Ignite Planners LLC now owns 10,001 shares of the energy producer's stock valued at $1,053,000 after purchasing an additional 102 shares during the period. Finally, Asset Dedication LLC increased its position in shares of ConocoPhillips by 2.5% during the 3rd quarter. Asset Dedication LLC now owns 4,202 shares of the energy producer's stock valued at $442,000 after purchasing an additional 102 shares during the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.
COP opened at $105.76 on Tuesday. The firm has a market capitalization of $121.72 billion, a P/E ratio of 12.58, a price-to-earnings-growth ratio of 0.81 and a beta of 1.19. ConocoPhillips has a one year low of $94.23 and a one year high of $135.18. The company has a fifty day moving average price of $103.79 and a 200-day moving average price of $107.37. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 1.16.
ConocoPhillips (NYSE:COP - Get Free Report) last announced its earnings results on Thursday, October 31st. The energy producer reported $1.78 earnings per share for the quarter, topping analysts' consensus estimates of $1.68 by $0.10. The business had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.97 billion. ConocoPhillips had a return on equity of 19.53% and a net margin of 17.29%. The company's quarterly revenue was down 8.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.16 EPS. Equities research analysts expect that ConocoPhillips will post 7.7 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 11th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date was Friday, November 8th. This is a boost from ConocoPhillips's previous quarterly dividend of $0.58. ConocoPhillips's payout ratio is currently 37.10%.
Several equities analysts recently weighed in on COP shares. Piper Sandler reduced their price target on shares of ConocoPhillips from $135.00 to $114.00 and set an "overweight" rating for the company in a research report on Thursday, December 19th. Evercore ISI reiterated an "outperform" rating and issued a $165.00 target price on shares of ConocoPhillips in a research note on Friday, December 6th. JPMorgan Chase & Co. upgraded shares of ConocoPhillips from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $120.00 to $123.00 in a research note on Thursday, December 5th. Barclays upped their price objective on ConocoPhillips from $135.00 to $137.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Finally, Truist Financial increased their price objective on ConocoPhillips from $138.00 to $139.00 and gave the company a "buy" rating in a report on Monday, January 13th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $136.00.
Get Our Latest Stock Analysis on COP
In other news, Director R A. Walker acquired 10,400 shares of ConocoPhillips stock in a transaction dated Tuesday, December 17th. The shares were purchased at an average cost of $97.80 per share, for a total transaction of $1,017,120.00. Following the transaction, the director now owns 38,000 shares of the company's stock, valued at $3,716,400. This trade represents a 37.68 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Arjun N. Murti bought 2,500 shares of the company's stock in a transaction that occurred on Friday, December 20th. The stock was purchased at an average price of $95.87 per share, with a total value of $239,675.00. Following the transaction, the director now directly owns 21,500 shares in the company, valued at $2,061,205. The trade was a 13.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.34% of the company's stock.
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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