Signature Resources Capital Management LLC Has $78,000 Stake in ConocoPhillips (NYSE:COP)

Signature Resources Capital Management LLC increased its stake in ConocoPhillips (NYSE:COP) by 31.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 790 shares of the energy producer’s stock after purchasing an additional 188 shares during the period. Signature Resources Capital Management LLC’s holdings in ConocoPhillips were worth $78,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board boosted its stake in shares of ConocoPhillips by 49.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 117,623 shares of the energy producer’s stock worth $13,454,000 after buying an additional 39,016 shares during the last quarter. AE Wealth Management LLC boosted its position in ConocoPhillips by 6.6% during the second quarter. AE Wealth Management LLC now owns 32,342 shares of the energy producer’s stock valued at $3,699,000 after purchasing an additional 1,995 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in ConocoPhillips by 135.4% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 14,378 shares of the energy producer’s stock valued at $1,645,000 after purchasing an additional 8,270 shares in the last quarter. Frank Rimerman Advisors LLC increased its position in shares of ConocoPhillips by 18,028.9% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 6,889 shares of the energy producer’s stock worth $788,000 after purchasing an additional 6,851 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its holdings in shares of ConocoPhillips by 3.1% in the 2nd quarter. 1832 Asset Management L.P. now owns 53,008 shares of the energy producer’s stock valued at $6,063,000 after buying an additional 1,576 shares during the last quarter. Institutional investors own 82.36% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on COP shares. TD Cowen began coverage on shares of ConocoPhillips in a report on Friday. They set a “buy” rating and a $125.00 target price on the stock. JPMorgan Chase & Co. raised shares of ConocoPhillips from a “neutral” rating to an “overweight” rating and upped their target price for the company from $120.00 to $123.00 in a report on Thursday, December 5th. Morgan Stanley assumed coverage on ConocoPhillips in a report on Monday, December 16th. They set an “overweight” rating and a $128.00 price target for the company. Wells Fargo & Company lowered their price target on ConocoPhillips from $134.00 to $132.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Finally, Piper Sandler cut their price objective on ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $136.00.

ConocoPhillips Stock Performance

Shares of NYSE:COP opened at $105.76 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. ConocoPhillips has a 12-month low of $94.23 and a 12-month high of $135.18. The company’s 50 day moving average price is $103.67 and its two-hundred day moving average price is $107.31. The firm has a market cap of $121.72 billion, a PE ratio of 12.58, a PEG ratio of 0.88 and a beta of 1.19.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, October 31st. The energy producer reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.10. The firm 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 revenue was down 8.5% on a year-over-year basis. During the same quarter last year, the company earned $2.16 EPS. Equities research analysts predict that ConocoPhillips will post 7.68 earnings per share for the current year.

ConocoPhillips Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 11th were given a dividend of $0.78 per share. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.58. The ex-dividend date was Friday, November 8th. This represents a $3.12 annualized dividend and a yield of 2.95%. ConocoPhillips’s dividend payout ratio is currently 37.10%.

Insiders Place Their Bets

In other ConocoPhillips 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 cost of $97.80 per share, with a total value of $1,017,120.00. Following the completion of the purchase, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Arjun N. Murti bought 2,500 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was acquired at an average price of $95.87 per share, for a total transaction of $239,675.00. Following the transaction, the director now owns 21,500 shares of the company’s stock, valued at approximately $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. 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.