Mather Group LLC. Boosts Stake in ConocoPhillips (NYSE:COP)

Mather Group LLC. grew its stake in shares of ConocoPhillips (NYSE:COP) by 11.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,847 shares of the energy producer’s stock after buying an additional 4,306 shares during the period. Mather Group LLC.’s holdings in ConocoPhillips were worth $4,741,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Alphinity Investment Management Pty Ltd purchased a new position in shares of ConocoPhillips during the 3rd quarter worth $310,102,000. Capital Wealth Planning LLC increased its stake in ConocoPhillips by 45,426.8% in the third quarter. Capital Wealth Planning LLC now owns 1,429,085 shares of the energy producer’s stock valued at $171,204,000 after purchasing an additional 1,425,946 shares during the last quarter. Bank of New York Mellon Corp lifted its position in ConocoPhillips by 10.6% during the third quarter. Bank of New York Mellon Corp now owns 12,028,061 shares of the energy producer’s stock worth $1,440,962,000 after buying an additional 1,152,907 shares during the period. International Assets Investment Management LLC boosted its stake in ConocoPhillips by 13,905.3% in the 4th quarter. International Assets Investment Management LLC now owns 1,114,261 shares of the energy producer’s stock worth $129,332,000 after buying an additional 1,106,305 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new stake in ConocoPhillips in the 3rd quarter valued at about $99,676,000. 82.36% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips Trading Down 0.0 %

Shares of NYSE COP opened at $130.22 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 1.29. ConocoPhillips has a fifty-two week low of $95.70 and a fifty-two week high of $135.18. The company’s 50 day simple moving average is $122.88 and its 200 day simple moving average is $117.67. The firm has a market capitalization of $153.19 billion, a P/E ratio of 14.37, a P/E/G ratio of 2.72 and a beta of 1.24.

ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, February 8th. The energy producer reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.32. ConocoPhillips had a net margin of 18.71% and a return on equity of 22.08%. The company had revenue of $15.31 billion for the quarter, compared to analyst estimates of $14.47 billion. During the same period last year, the business posted $2.71 earnings per share. On average, analysts predict that ConocoPhillips will post 9.57 EPS for the current year.

ConocoPhillips Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 19th were paid a $0.78 dividend. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.58. The ex-dividend date was Thursday, February 15th. This represents a $3.12 annualized dividend and a yield of 2.40%. ConocoPhillips’s payout ratio is presently 25.61%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on COP. Susquehanna increased their price objective on shares of ConocoPhillips from $133.00 to $154.00 and gave the stock a “positive” rating in a report on Monday, April 22nd. Truist Financial cut their price target on shares of ConocoPhillips from $170.00 to $160.00 and set a “buy” rating on the stock in a research note on Monday. Morgan Stanley boosted their price objective on shares of ConocoPhillips from $123.00 to $129.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Piper Sandler raised their price objective on ConocoPhillips from $145.00 to $157.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Finally, UBS Group lifted their target price on ConocoPhillips from $138.00 to $143.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, ConocoPhillips has an average rating of “Moderate Buy” and an average target price of $142.65.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, VP Christopher P. Delk sold 8,505 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $112.06, for a total transaction of $953,070.30. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other ConocoPhillips news, SVP Heather G. Hrap sold 4,548 shares of ConocoPhillips stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $110.55, for a total transaction of $502,781.40. Following the completion of the transaction, the senior vice president now directly owns 2,654 shares of the company’s stock, valued at $293,399.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Christopher P. Delk sold 8,505 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $112.06, for a total transaction of $953,070.30. 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. Insiders own 0.34% of the company’s stock.

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.