Americana Partners LLC Has $5.75 Million Stock Holdings in ConocoPhillips (NYSE:COP)

Americana Partners LLC lessened its stake in shares of ConocoPhillips (NYSE:COP) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,932 shares of the energy producer’s stock after selling 947 shares during the period. Americana Partners LLC’s holdings in ConocoPhillips were worth $5,745,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Sierra Ocean LLC acquired a new position in ConocoPhillips during the fourth quarter valued at approximately $78,000. WBH Advisory Inc. grew its holdings in ConocoPhillips by 15.1% during the fourth quarter. WBH Advisory Inc. now owns 3,170 shares of the energy producer’s stock valued at $314,000 after purchasing an additional 415 shares during the last quarter. JFS Wealth Advisors LLC grew its holdings in ConocoPhillips by 106.5% during the fourth quarter. JFS Wealth Advisors LLC now owns 1,361 shares of the energy producer’s stock valued at $135,000 after purchasing an additional 702 shares during the last quarter. Keystone Financial Services grew its stake in shares of ConocoPhillips by 9.0% in the fourth quarter. Keystone Financial Services now owns 5,130 shares of the energy producer’s stock worth $509,000 after acquiring an additional 422 shares during the last quarter. Finally, J.W. Cole Advisors Inc. grew its stake in shares of ConocoPhillips by 0.7% in the fourth quarter. J.W. Cole Advisors Inc. now owns 30,597 shares of the energy producer’s stock worth $3,034,000 after acquiring an additional 210 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Stock Down 0.5 %

Shares of NYSE COP opened at $96.39 on Monday. The stock has a market cap of $110.93 billion, a PE ratio of 12.37, a PEG ratio of 0.77 and a beta of 1.18. The business has a fifty day moving average of $100.44 and a two-hundred day moving average of $105.73. ConocoPhillips has a 52-week low of $94.23 and a 52-week high of $135.18. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.16 and a current ratio of 1.29.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. As a group, equities research analysts expect that ConocoPhillips will post 8.3 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.24%. ConocoPhillips’s dividend payout ratio is 40.05%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. TD Cowen assumed coverage on shares of ConocoPhillips in a research note on Friday, January 17th. They issued a “buy” rating and a $125.00 price objective on the stock. Susquehanna raised their price objective on shares of ConocoPhillips from $144.00 to $148.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. Truist Financial raised their price objective on shares of ConocoPhillips from $138.00 to $139.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. Mizuho upgraded shares of 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 research note on Monday, December 16th. Finally, UBS Group lowered their price objective on shares of ConocoPhillips from $140.00 to $137.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, ConocoPhillips has an average rating of “Moderate Buy” and a consensus price target of $133.56.

Insider Activity at ConocoPhillips

In other ConocoPhillips news, Director R A. Walker purchased 10,400 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was acquired at an average cost of $97.80 per share, with a total value of $1,017,120.00. Following the completion of the acquisition, the director now directly owns 38,000 shares of the company’s stock, valued at $3,716,400. This represents a 37.68 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Arjun N. Murti acquired 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, with a total value of $239,675.00. Following the completion of the transaction, the director now owns 21,500 shares of the company’s stock, valued at approximately $2,061,205. This trade represents a 13.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.34% of the stock is currently owned by company insiders.

ConocoPhillips Company 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.