ConocoPhillips (NYSE:COP) Shares Sold by Barings LLC

Barings LLC lowered its holdings in ConocoPhillips (NYSE:COPFree Report) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 130,986 shares of the energy producer’s stock after selling 547 shares during the quarter. ConocoPhillips accounts for 0.5% of Barings LLC’s holdings, making the stock its 26th biggest position. Barings LLC’s holdings in ConocoPhillips were worth $15,204,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in COP. Wade G W & Inc. grew its position in ConocoPhillips by 103.2% during the fourth quarter. Wade G W & Inc. now owns 7,363 shares of the energy producer’s stock valued at $855,000 after buying an additional 3,739 shares during the period. Eudaimonia Partners LLC grew its position in ConocoPhillips by 7.8% during the fourth quarter. Eudaimonia Partners LLC now owns 24,862 shares of the energy producer’s stock valued at $2,886,000 after buying an additional 1,809 shares during the period. Facet Wealth Inc. grew its position in ConocoPhillips by 33.0% during the fourth quarter. Facet Wealth Inc. now owns 2,248 shares of the energy producer’s stock valued at $251,000 after buying an additional 558 shares during the period. Wealth Group Ltd acquired a new stake in ConocoPhillips during the fourth quarter valued at $204,000. Finally, Lmcg Investments LLC grew its position in ConocoPhillips by 1.1% during the fourth quarter. Lmcg Investments LLC now owns 91,508 shares of the energy producer’s stock valued at $10,621,000 after buying an additional 1,006 shares during the period. Institutional investors and hedge funds own 82.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Scotiabank lifted their target price on shares of ConocoPhillips from $120.00 to $135.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Morgan Stanley lifted their target price on shares of ConocoPhillips from $123.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Truist Financial dropped their target price on shares of ConocoPhillips from $170.00 to $160.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Susquehanna lifted their target price on shares of ConocoPhillips from $133.00 to $154.00 and gave the company a “positive” rating in a research report on Monday, April 22nd. Finally, Raymond James dropped their target price on shares of ConocoPhillips from $140.00 to $137.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 24th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.94.

Check Out Our Latest Report on ConocoPhillips

Insider Transactions at ConocoPhillips

In other news, CEO Ryan Michael Lance sold 607,000 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $125.91, for a total value of $76,427,370.00. Following the transaction, the chief executive officer now directly owns 6,780 shares in the company, valued at approximately $853,669.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, VP Christopher P. Delk sold 8,505 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $112.06, for a total value of $953,070.30. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Ryan Michael Lance sold 607,000 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $125.91, for a total transaction of $76,427,370.00. Following the completion of the transaction, the chief executive officer now owns 6,780 shares in the company, valued at $853,669.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 700,775 shares of company stock worth $87,615,169. 0.34% of the stock is currently owned by insiders.

ConocoPhillips Trading Down 0.5 %

NYSE:COP traded down $0.55 on Tuesday, hitting $121.04. The stock had a trading volume of 5,159,950 shares, compared to its average volume of 5,360,772. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.35. The stock has a market cap of $141.56 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 2.67 and a beta of 1.25. The company has a fifty day moving average price of $125.10 and a two-hundred day moving average price of $117.66. ConocoPhillips has a 1-year low of $97.42 and a 1-year high of $135.18.

ConocoPhillips Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 13th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $3.12 annualized dividend and a yield of 2.58%. ConocoPhillips’s payout ratio is 26.27%.

About ConocoPhillips

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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