Rowlandmiller & PARTNERS.ADV Boosts Stock Position in ConocoPhillips (NYSE:COP)

Rowlandmiller & PARTNERS.ADV boosted its holdings in ConocoPhillips (NYSE:COP) by 1.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,588 shares of the energy producer’s stock after buying an additional 416 shares during the quarter. Rowlandmiller & PARTNERS.ADV’s holdings in ConocoPhillips were worth $4,124,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of COP. AMF Tjanstepension AB increased its holdings in ConocoPhillips by 4.7% in the third quarter. AMF Tjanstepension AB now owns 1,163,724 shares of the energy producer’s stock valued at $122,628,000 after buying an additional 52,334 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of ConocoPhillips by 7.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 166,451 shares of the energy producer’s stock worth $17,431,000 after purchasing an additional 11,120 shares during the last quarter. Arkadios Wealth Advisors grew its holdings in shares of ConocoPhillips by 5.2% during the third quarter. Arkadios Wealth Advisors now owns 14,766 shares of the energy producer’s stock worth $1,555,000 after purchasing an additional 725 shares during the last quarter. Mattern Capital Management LLC grew its holdings in shares of ConocoPhillips by 16.0% during the third quarter. Mattern Capital Management LLC now owns 7,637 shares of the energy producer’s stock worth $804,000 after purchasing an additional 1,051 shares during the last quarter. Finally, Bristlecone Advisors LLC grew its holdings in shares of ConocoPhillips by 38.5% during the third quarter. Bristlecone Advisors LLC now owns 7,253 shares of the energy producer’s stock worth $764,000 after purchasing an additional 2,018 shares during the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Wall Street Analysts Forecast Growth

COP has been the topic of several research reports. The Goldman Sachs Group set a $132.00 price objective on ConocoPhillips in a report on Thursday, January 30th. Mizuho raised ConocoPhillips from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $132.00 to $134.00 in a report on Monday, December 16th. Morgan Stanley initiated coverage on ConocoPhillips in a report on Monday, December 16th. They set an “overweight” rating and a $128.00 price objective on the stock. Piper Sandler dropped their price objective on ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Finally, Evercore ISI reiterated an “outperform” rating and set a $165.00 target price on shares of ConocoPhillips in a research note on Friday, December 6th. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $133.47.

ConocoPhillips Price Performance

Shares of NYSE:COP opened at $97.90 on Monday. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. The company has a market cap of $124.57 billion, a P/E ratio of 12.57, a PEG ratio of 0.79 and a beta of 1.18. ConocoPhillips has a 52 week low of $94.23 and a 52 week high of $135.18. The company has a 50-day moving average price of $100.11 and a 200 day moving average price of $105.43.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. Research analysts predict that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Friday, February 14th. ConocoPhillips’s dividend payout ratio (DPR) is 40.05%.

Insider Transactions at ConocoPhillips

In other news, Director R A. Walker purchased 10,400 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were acquired at an average price of $97.80 per share, with a total value of $1,017,120.00. Following the purchase, the director now directly owns 38,000 shares of the company’s stock, valued at $3,716,400. The trade was 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 this link. Also, Director Arjun N. Murti purchased 2,500 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were purchased at an average cost of $95.87 per share, for a total transaction of $239,675.00. Following the purchase, the director now directly owns 21,500 shares in the company, valued at approximately $2,061,205. This represents a 13.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.34% 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, 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.