Sapient Capital LLC Acquires Shares of 6,240 ConocoPhillips (NYSE:COP)

Sapient Capital LLC acquired a new stake in ConocoPhillips (NYSE:COP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,240 shares of the energy producer’s stock, valued at approximately $724,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sloy Dahl & Holst LLC grew its position in shares of ConocoPhillips by 3.3% during the third quarter. Sloy Dahl & Holst LLC now owns 2,629 shares of the energy producer’s stock worth $315,000 after buying an additional 85 shares in the last quarter. KLCM Advisors Inc. lifted its stake in ConocoPhillips by 2.8% during the third quarter. KLCM Advisors Inc. now owns 3,305 shares of the energy producer’s stock worth $396,000 after purchasing an additional 89 shares during the last quarter. Evergreen Capital Management LLC lifted its stake in ConocoPhillips by 0.5% during the third quarter. Evergreen Capital Management LLC now owns 18,944 shares of the energy producer’s stock worth $2,270,000 after purchasing an additional 89 shares during the last quarter. Endowment Wealth Management Inc. boosted its position in ConocoPhillips by 4.6% during the 3rd quarter. Endowment Wealth Management Inc. now owns 2,055 shares of the energy producer’s stock worth $246,000 after acquiring an additional 90 shares during the period. Finally, Your Advocates Ltd. LLP boosted its position in ConocoPhillips by 2.9% during the 3rd quarter. Your Advocates Ltd. LLP now owns 3,340 shares of the energy producer’s stock worth $400,000 after acquiring an additional 93 shares during the period. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Insider Buying and Selling

In related news, SVP Heather G. Hrap sold 4,548 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $110.55, for a total transaction of $502,781.40. Following the sale, the senior vice president now owns 2,654 shares of the company’s stock, valued at approximately $293,399.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Christopher P. Delk sold 8,505 shares of ConocoPhillips stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $112.06, for a total transaction of $953,070.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Heather G. Hrap sold 4,548 shares of ConocoPhillips stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $110.55, for a total value of $502,781.40. Following the transaction, the senior vice president now owns 2,654 shares of the company’s stock, valued at approximately $293,399.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 700,775 shares of company stock valued at $87,615,169. 0.34% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Barclays assumed coverage on ConocoPhillips in a research report on Wednesday, April 10th. They set an “overweight” rating and a $158.00 target price on the stock. UBS Group boosted 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. Wells Fargo & Company upped their price target on ConocoPhillips from $149.00 to $151.00 and gave the company an “overweight” rating in a research report on Friday. Scotiabank upped their price target on ConocoPhillips from $120.00 to $135.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Finally, Piper Sandler increased their target price on ConocoPhillips from $145.00 to $157.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, ConocoPhillips presently has an average rating of “Moderate Buy” and an average target price of $142.76.

ConocoPhillips Trading Down 0.0 %

Shares of NYSE:COP traded down $0.02 during midday trading on Friday, hitting $122.23. The company had a trading volume of 5,020,657 shares, compared to its average volume of 4,434,834. ConocoPhillips has a 12 month low of $95.81 and a 12 month high of $135.18. The company has a current ratio of 1.35, a quick ratio of 1.29 and a debt-to-equity ratio of 0.35. The stock has a market cap of $143.79 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 2.68 and a beta of 1.25. The firm has a fifty day simple moving average of $123.85 and a 200 day simple moving average of $117.73.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, February 8th. The energy producer reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.32. The business had revenue of $15.31 billion for the quarter, compared to analyst estimates of $14.47 billion. ConocoPhillips had a return on equity of 20.85% and a net margin of 18.40%. During the same period last year, the company earned $2.71 EPS. On average, analysts predict that ConocoPhillips will post 9.1 EPS for the current year.

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 13th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 2.55%. The ex-dividend date is Friday, May 10th. ConocoPhillips’s payout ratio is presently 26.27%.

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.