Sustainable Insight Capital Management LLC Takes Position in ConocoPhillips (NYSE:COP)

Sustainable Insight Capital Management LLC bought a new position in ConocoPhillips (NYSE:COP) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 4,900 shares of the energy producer’s stock, valued at approximately $486,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Hengehold Capital Management LLC raised its position in shares of ConocoPhillips by 8.4% in the 4th quarter. Hengehold Capital Management LLC now owns 2,327 shares of the energy producer’s stock worth $231,000 after buying an additional 181 shares during the period. Montecito Bank & Trust increased its stake in ConocoPhillips by 5.2% during the fourth quarter. Montecito Bank & Trust now owns 13,804 shares of the energy producer’s stock worth $1,369,000 after acquiring an additional 684 shares during the last quarter. Cerro Pacific Wealth Advisors LLC raised its holdings in shares of ConocoPhillips by 0.7% in the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 15,523 shares of the energy producer’s stock worth $1,634,000 after purchasing an additional 105 shares during the period. Lifestyle Asset Management Inc. increased its position in ConocoPhillips by 8.5% during the 4th quarter. Lifestyle Asset Management Inc. now owns 8,846 shares of the energy producer’s stock worth $877,000 after purchasing an additional 691 shares in the last quarter. Finally, Secure Asset Management LLC acquired a new stake in shares of ConocoPhillips in the fourth quarter worth $1,854,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on COP shares. Truist Financial increased their target price on ConocoPhillips from $138.00 to $139.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Evercore ISI reaffirmed an “outperform” rating and issued a $165.00 target price on shares of ConocoPhillips in a research report on Friday, December 6th. JPMorgan Chase & Co. raised shares of ConocoPhillips from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $120.00 to $123.00 in a research report on Thursday, December 5th. Susquehanna upped their price target on shares of ConocoPhillips from $144.00 to $148.00 and gave the company a “positive” rating in a report on Friday, November 1st. Finally, Wells Fargo & Company dropped their target price on shares of ConocoPhillips from $134.00 to $132.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $135.89.

ConocoPhillips Trading Up 1.0 %

Shares of NYSE:COP opened at $104.07 on Friday. ConocoPhillips has a twelve month low of $94.23 and a twelve month high of $135.18. The company has a current ratio of 1.30, a quick ratio of 1.16 and a debt-to-equity ratio of 0.34. The firm has a market cap of $119.77 billion, a P/E ratio of 12.37, a P/E/G ratio of 0.86 and a beta of 1.19. The company has a 50 day moving average of $103.36 and a 200-day moving average of $107.22.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, October 31st. The energy producer reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.10. ConocoPhillips had a return on equity of 19.53% and a net margin of 17.29%. The firm had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.97 billion. During the same period last year, the company posted $2.16 EPS. The firm’s quarterly revenue was down 8.5% on a year-over-year basis. As a group, analysts anticipate that ConocoPhillips will post 7.65 earnings per share for the current fiscal year.

ConocoPhillips Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 11th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.00%. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.58. The ex-dividend date was Friday, November 8th. ConocoPhillips’s dividend payout ratio is presently 37.10%.

Insider Transactions at ConocoPhillips

In related news, Director R A. Walker bought 10,400 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were bought at an average cost of $97.80 per share, with a total value of $1,017,120.00. Following the completion of the transaction, the director now directly owns 38,000 shares of the company’s stock, valued at approximately $3,716,400. This trade represents a 37.68 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Arjun N. Murti purchased 2,500 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was bought at an average cost of $95.87 per share, for a total transaction of $239,675.00. Following the purchase, the director now directly owns 21,500 shares in the company, valued at $2,061,205. This represents a 13.16 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.34% of the company’s stock.

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.