Annis Gardner Whiting Capital Advisors LLC Acquires 464 Shares of ConocoPhillips (NYSE:COP)

Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of ConocoPhillips (NYSE:COP) by 35.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,776 shares of the energy producer’s stock after purchasing an additional 464 shares during the quarter. Annis Gardner Whiting Capital Advisors LLC’s holdings in ConocoPhillips were worth $206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Orion Capital Management LLC bought a new position in ConocoPhillips in the third quarter valued at about $27,000. West Branch Capital LLC lifted its holdings in ConocoPhillips by 87.8% in the fourth quarter. West Branch Capital LLC now owns 231 shares of the energy producer’s stock valued at $27,000 after acquiring an additional 108 shares during the period. Sachetta LLC bought a new position in ConocoPhillips in the fourth quarter valued at about $27,000. Oliver Lagore Vanvalin Investment Group lifted its holdings in ConocoPhillips by 63.1% in the third quarter. Oliver Lagore Vanvalin Investment Group now owns 287 shares of the energy producer’s stock valued at $34,000 after acquiring an additional 111 shares during the period. Finally, Frazier Financial Advisors LLC bought a new position in ConocoPhillips in the fourth quarter valued at about $34,000. 82.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Raymond James decreased their price objective on ConocoPhillips from $140.00 to $137.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 24th. Wells Fargo & Company increased their target price on ConocoPhillips from $149.00 to $151.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. UBS Group increased 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. Mizuho increased their target price on ConocoPhillips from $139.00 to $142.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Finally, Susquehanna increased their target price on ConocoPhillips from $133.00 to $154.00 and gave the stock a “positive” rating in a research report on Monday, April 22nd. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $143.24.

ConocoPhillips Trading Down 0.0 %

Shares of COP stock traded down $0.05 on Thursday, reaching $118.14. 934,197 shares of the company’s stock were exchanged, compared to its average volume of 5,256,325. ConocoPhillips has a 52 week low of $98.38 and a 52 week high of $135.18. The company’s fifty day simple moving average is $126.02 and its 200 day simple moving average is $117.74. The stock has a market capitalization of $138.17 billion, a PE ratio of 13.39, a P/E/G ratio of 2.65 and a beta of 1.25. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.35.

ConocoPhillips Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 13th will be paid a dividend of $0.78 per share. The ex-dividend date is Friday, May 10th. This represents a $3.12 annualized dividend and a yield of 2.64%. ConocoPhillips’s payout ratio is presently 26.27%.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, CFO William L. Jr. Bullock sold 45,200 shares of the business’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $123.32, for a total transaction of $5,574,064.00. Following the sale, the chief financial officer now owns 44,153 shares in the company, valued at approximately $5,444,947.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Ryan Michael Lance sold 607,000 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $125.91, for a total value of $76,427,370.00. Following the completion of the transaction, the chief executive officer now owns 6,780 shares of the company’s stock, valued at approximately $853,669.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO William L. Jr. Bullock sold 45,200 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $123.32, for a total value of $5,574,064.00. Following the completion of the transaction, the chief financial officer now directly owns 44,153 shares of the company’s stock, valued at approximately $5,444,947.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 664,350 shares of company stock worth $83,537,680. 0.34% of the stock is currently owned by insiders.

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.