Cantor Fitzgerald Investment Advisors L.P. Buys Shares of 183,182 ConocoPhillips (NYSE:COP)

Cantor Fitzgerald Investment Advisors L.P. purchased a new position in ConocoPhillips (NYSE:COP) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 183,182 shares of the energy producer’s stock, valued at approximately $21,262,000. ConocoPhillips makes up about 1.6% of Cantor Fitzgerald Investment Advisors L.P.’s holdings, making the stock its 16th biggest position.

A number of other large investors also recently modified their holdings of the company. Cape Investment Advisory Inc. lifted its stake in ConocoPhillips by 96.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 247 shares of the energy producer’s stock worth $29,000 after purchasing an additional 121 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its stake in ConocoPhillips by 7.6% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 10,922 shares of the energy producer’s stock valued at $1,268,000 after buying an additional 772 shares during the period. Westfield Capital Management Co. LP grew its position in ConocoPhillips by 6.1% during the fourth quarter. Westfield Capital Management Co. LP now owns 43,368 shares of the energy producer’s stock worth $5,034,000 after buying an additional 2,492 shares in the last quarter. Johnson Financial Group Inc. increased its stake in ConocoPhillips by 215.7% in the 4th quarter. Johnson Financial Group Inc. now owns 6,447 shares of the energy producer’s stock worth $748,000 after acquiring an additional 4,405 shares during the last quarter. Finally, Founders Financial Alliance LLC raised its holdings in shares of ConocoPhillips by 11.6% in the 4th quarter. Founders Financial Alliance LLC now owns 4,503 shares of the energy producer’s stock valued at $523,000 after acquiring an additional 467 shares in the last quarter. 82.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on COP shares. Truist Financial decreased their price objective 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. Wells Fargo & Company raised their price objective on shares of ConocoPhillips from $149.00 to $151.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Susquehanna upped their target price on shares of ConocoPhillips from $133.00 to $154.00 and gave the stock a “positive” rating in a research report on Monday, April 22nd. Barclays initiated coverage on ConocoPhillips in a research note on Wednesday, April 10th. They set an “overweight” rating and a $158.00 price target for the company. Finally, Piper Sandler increased 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. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, ConocoPhillips has a consensus rating of “Moderate Buy” and a consensus price target of $143.24.

Insiders Place Their Bets

In other news, CEO Ryan Michael Lance sold 607,000 shares of ConocoPhillips stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $125.91, for a total transaction of $76,427,370.00. Following the sale, 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 Securities & Exchange Commission, which is available at the SEC website. In related news, CFO William L. Jr. Bullock sold 45,200 shares of the 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 in the company, valued at approximately $5,444,947.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Michael Lance sold 607,000 shares of ConocoPhillips stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $125.91, for a total transaction of $76,427,370.00. Following the transaction, the chief executive officer now owns 6,780 shares of the company’s stock, valued at $853,669.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 664,350 shares of company stock worth $83,537,680. 0.34% of the stock is currently owned by corporate insiders.

ConocoPhillips Trading Down 0.3 %

Shares of ConocoPhillips stock traded down $0.40 during trading on Friday, reaching $117.25. 2,851,146 shares of the stock were exchanged, compared to its average volume of 5,001,379. ConocoPhillips has a 1 year low of $98.38 and a 1 year high of $135.18. The firm has a market cap of $137.13 billion, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 2.58 and a beta of 1.25. 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’s fifty day moving average is $125.92 and its 200 day moving average is $117.77.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, May 2nd. The energy producer reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.04. ConocoPhillips had a return on equity of 20.85% and a net margin of 18.40%. The firm had revenue of $14.48 billion for the quarter, compared to analyst estimates of $14.72 billion. As a group, equities research analysts expect that ConocoPhillips will post 9.12 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 13th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Friday, May 10th. ConocoPhillips’s payout ratio is currently 26.27%.

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.