ConocoPhillips (NYSE:COP) Position Increased by AIA Group Ltd

AIA Group Ltd increased its holdings in shares of ConocoPhillips (NYSE:COP) by 43.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 25,898 shares of the energy producer’s stock after buying an additional 7,824 shares during the period. AIA Group Ltd’s holdings in ConocoPhillips were worth $3,006,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of COP. Investors Asset Management of Georgia Inc. GA ADV grew its position in ConocoPhillips by 4.3% in the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 14,562 shares of the energy producer’s stock worth $1,694,000 after purchasing an additional 600 shares during the last quarter. Twin Capital Management Inc. raised its holdings in shares of ConocoPhillips by 6.0% during the fourth quarter. Twin Capital Management Inc. now owns 42,696 shares of the energy producer’s stock worth $4,956,000 after acquiring an additional 2,400 shares in the last quarter. Peterson Wealth Services boosted its position in ConocoPhillips by 20.3% during the fourth quarter. Peterson Wealth Services now owns 35,496 shares of the energy producer’s stock valued at $4,120,000 after purchasing an additional 5,983 shares during the last quarter. HF Advisory Group LLC grew its stake in ConocoPhillips by 9.5% in the fourth quarter. HF Advisory Group LLC now owns 8,033 shares of the energy producer’s stock valued at $932,000 after purchasing an additional 694 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of ConocoPhillips by 2.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 130,355 shares of the energy producer’s stock valued at $15,130,000 after buying an additional 2,503 shares during the last quarter. Institutional investors own 82.36% of the company’s stock.

Insider Activity at ConocoPhillips

In other ConocoPhillips news, CEO Ryan Michael Lance sold 607,000 shares of ConocoPhillips stock in a transaction 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 completion of the sale, the chief executive officer now owns 6,780 shares of the company’s stock, valued at approximately $853,669.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other ConocoPhillips news, CFO William L. Jr. Bullock sold 45,200 shares of the stock in a transaction on 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 sale, the chief financial officer now owns 44,153 shares in the company, valued at $5,444,947.96. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $76,427,370.00. Following the transaction, the chief executive officer now owns 6,780 shares in the company, valued at $853,669.80. The disclosure for this sale can be found here. Insiders have sold 700,775 shares of company stock worth $87,615,169 over the last ninety days. Company insiders own 0.34% of the company’s stock.

ConocoPhillips Trading Down 0.6 %

NYSE:COP traded down $0.72 during trading hours on Thursday, hitting $127.61. 2,279,992 shares of the stock were exchanged, compared to its average volume of 5,435,498. The company’s 50 day moving average is $119.92 and its two-hundred day moving average is $117.01. The company has a market capitalization of $150.12 billion, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 2.77 and a beta of 1.24. ConocoPhillips has a twelve month low of $95.70 and a twelve month high of $135.18. The company has a quick ratio of 1.29, a current ratio of 1.43 and a debt-to-equity ratio of 0.36.

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, beating the consensus estimate of $2.08 by $0.32. The business had revenue of $15.31 billion for the quarter, compared to analysts’ expectations of $14.47 billion. ConocoPhillips had a return on equity of 22.08% and a net margin of 18.71%. During the same quarter last year, the business earned $2.71 earnings per share. On average, sell-side analysts anticipate that ConocoPhillips will post 9.35 earnings per share for the current fiscal year.

ConocoPhillips Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 19th were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.44%. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Thursday, February 15th. ConocoPhillips’s payout ratio is 25.61%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on COP shares. Scotiabank raised their price objective on shares of ConocoPhillips from $120.00 to $135.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Truist Financial reduced their price objective on shares of ConocoPhillips from $173.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, April 5th. Wells Fargo & Company increased their target price on shares of ConocoPhillips from $141.00 to $149.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. UBS Group boosted their price target on ConocoPhillips from $138.00 to $143.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Finally, Mizuho reissued a “neutral” rating and set a $139.00 price objective (up previously from $132.00) on shares of ConocoPhillips in a report on Friday, March 22nd. Five 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $142.00.

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.