Nilsine Partners LLC Acquires 3,386 Shares of ConocoPhillips (NYSE:COP)

Nilsine Partners LLC boosted its holdings in ConocoPhillips (NYSE:COP) by 22.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,579 shares of the energy producer’s stock after purchasing an additional 3,386 shares during the quarter. Nilsine Partners LLC’s holdings in ConocoPhillips were worth $1,842,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. AXA S.A. increased its stake in shares of ConocoPhillips by 7.1% in the 2nd quarter. AXA S.A. now owns 32,046 shares of the energy producer’s stock valued at $3,665,000 after acquiring an additional 2,116 shares in the last quarter. Ascent Group LLC grew its holdings in ConocoPhillips by 7.5% in the second quarter. Ascent Group LLC now owns 19,623 shares of the energy producer’s stock worth $2,244,000 after purchasing an additional 1,367 shares during the period. Creative Planning increased its stake in ConocoPhillips by 7.3% in the second quarter. Creative Planning now owns 244,225 shares of the energy producer’s stock valued at $27,934,000 after purchasing an additional 16,612 shares in the last quarter. Magnolia Capital Advisors LLC raised its holdings in shares of ConocoPhillips by 193.0% during the second quarter. Magnolia Capital Advisors LLC now owns 16,626 shares of the energy producer’s stock valued at $1,902,000 after purchasing an additional 10,951 shares during the period. Finally, Silver Lake Advisory LLC bought a new position in shares of ConocoPhillips during the 2nd quarter worth about $337,000. 82.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on COP shares. Morgan Stanley initiated coverage on shares of ConocoPhillips in a research report on Monday, December 16th. They issued an “overweight” rating and a $128.00 price objective for the company. Barclays upped their price target on ConocoPhillips from $135.00 to $137.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Susquehanna lifted their price objective on shares of ConocoPhillips from $144.00 to $148.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Raymond James increased their target price on ConocoPhillips from $148.00 to $157.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Piper Sandler dropped their price target on ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. 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. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $135.89.

Insider Activity at ConocoPhillips

In other news, Director R A. Walker acquired 10,400 shares of ConocoPhillips stock in a transaction that occurred on 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 completion of the purchase, the director now owns 38,000 shares of the company’s stock, valued at approximately $3,716,400. This represents a 37.68 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Arjun N. Murti purchased 2,500 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were bought at an average cost of $95.87 per share, with a total value of $239,675.00. Following the transaction, the director now directly owns 21,500 shares of the company’s stock, valued at $2,061,205. The trade was a 13.16 % increase in their position. The disclosure for this purchase can be found here. 0.34% of the stock is currently owned by insiders.

ConocoPhillips Trading Up 0.9 %

Shares of COP stock opened at $102.73 on Tuesday. The company has a 50 day moving average price of $102.98 and a 200 day moving average price of $107.06. The stock has a market capitalization of $118.23 billion, a P/E ratio of 12.21, a price-to-earnings-growth ratio of 0.86 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.16 and a current ratio of 1.30. ConocoPhillips has a fifty-two week low of $94.23 and a fifty-two week high of $135.18.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, October 31st. The energy producer reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.10. The business had revenue of $13.60 billion for the quarter, compared to the consensus estimate of $13.97 billion. ConocoPhillips had a return on equity of 19.53% and a net margin of 17.29%. The business’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.16 EPS. Equities research analysts predict that ConocoPhillips will post 7.65 EPS for the current fiscal year.

ConocoPhillips Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 11th were paid a $0.78 dividend. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.58. This represents a $3.12 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend was Friday, November 8th. ConocoPhillips’s dividend payout ratio (DPR) is 37.10%.

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.