ConocoPhillips (NYSE:COP) Shares Acquired by Heritage Investors Management Corp

Heritage Investors Management Corp increased its position in shares of ConocoPhillips (NYSE:COP) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 206,515 shares of the energy producer’s stock after acquiring an additional 7,935 shares during the quarter. Heritage Investors Management Corp’s holdings in ConocoPhillips were worth $20,480,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of COP. Whipplewood Advisors LLC acquired a new position in ConocoPhillips in the 4th quarter valued at about $64,000. NewEdge Wealth LLC raised its position in shares of ConocoPhillips by 3.2% during the 4th quarter. NewEdge Wealth LLC now owns 167,892 shares of the energy producer’s stock valued at $16,650,000 after buying an additional 5,282 shares during the period. Carlson Capital L.P. acquired a new position in ConocoPhillips in the fourth quarter valued at approximately $1,299,000. Oregon Public Employees Retirement Fund grew its position in ConocoPhillips by 11.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 110,875 shares of the energy producer’s stock worth $10,995,000 after acquiring an additional 11,471 shares during the period. Finally, Oakwell Private Wealth Management LLC increased its stake in ConocoPhillips by 6.2% during the fourth quarter. Oakwell Private Wealth Management LLC now owns 8,730 shares of the energy producer’s stock worth $866,000 after acquiring an additional 508 shares during the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on COP. Susquehanna upped their price target on ConocoPhillips from $144.00 to $148.00 and gave the company a “positive” rating in a research note on Friday, November 1st. The Goldman Sachs Group set a $132.00 target price on shares of ConocoPhillips in a research report on Thursday, January 30th. Truist Financial lifted their price target on shares of ConocoPhillips from $138.00 to $139.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Evercore ISI restated an “outperform” rating and issued a $165.00 price objective on shares of ConocoPhillips in a report on Friday, December 6th. Finally, TD Cowen initiated coverage on shares of ConocoPhillips in a research report on Friday, January 17th. They set a “buy” rating and a $125.00 price objective for the company. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, ConocoPhillips has a consensus rating of “Moderate Buy” and an average price target of $133.47.

Insider Buying and Selling at ConocoPhillips

In other news, Director Arjun N. Murti bought 2,500 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was purchased at an average price of $95.87 per share, for a total transaction of $239,675.00. Following the completion of the purchase, the director now owns 21,500 shares in the company, valued at approximately $2,061,205. This trade represents a 13.16 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director R A. Walker bought 10,400 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was acquired at an average cost of $97.80 per share, for a total transaction of $1,017,120.00. Following the acquisition, 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 disclosure for this purchase can be found here. Insiders own 0.34% of the company’s stock.

ConocoPhillips Trading Down 1.0 %

NYSE:COP opened at $96.06 on Thursday. ConocoPhillips has a 12-month low of $94.23 and a 12-month high of $135.18. The firm has a market cap of $122.23 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 0.79 and a beta of 1.18. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. The stock has a fifty day moving average price of $100.07 and a 200 day moving average price of $105.21.

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

ConocoPhillips Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend is Friday, February 14th. ConocoPhillips’s dividend payout ratio (DPR) is presently 40.05%.

About ConocoPhillips

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.