Yousif Capital Management LLC Sells 21,693 Shares of ConocoPhillips (NYSE:COP)

Yousif Capital Management LLC cut its holdings in shares of ConocoPhillips (NYSE:COP) by 11.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 167,791 shares of the energy producer’s stock after selling 21,693 shares during the quarter. Yousif Capital Management LLC’s holdings in ConocoPhillips were worth $19,476,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Global Retirement Partners LLC grew its holdings in ConocoPhillips by 4.1% during the 3rd quarter. Global Retirement Partners LLC now owns 5,654 shares of the energy producer’s stock valued at $641,000 after buying an additional 225 shares in the last quarter. RFG Advisory LLC increased its holdings in ConocoPhillips by 14.4% in the 3rd quarter. RFG Advisory LLC now owns 5,077 shares of the energy producer’s stock valued at $608,000 after acquiring an additional 640 shares during the last quarter. Douglas Lane & Associates LLC lifted its stake in ConocoPhillips by 6.7% in the 3rd quarter. Douglas Lane & Associates LLC now owns 3,616 shares of the energy producer’s stock worth $433,000 after purchasing an additional 227 shares in the last quarter. Park Place Capital Corp boosted its holdings in shares of ConocoPhillips by 12.9% during the 3rd quarter. Park Place Capital Corp now owns 4,377 shares of the energy producer’s stock valued at $524,000 after purchasing an additional 499 shares during the last quarter. Finally, Eastern Bank grew its position in shares of ConocoPhillips by 0.6% during the third quarter. Eastern Bank now owns 165,048 shares of the energy producer’s stock valued at $19,773,000 after purchasing an additional 1,041 shares in the last quarter. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

ConocoPhillips Trading Up 0.4 %

Shares of NYSE:COP traded up $0.50 on Tuesday, hitting $129.83. 3,773,534 shares of the company’s stock were exchanged, compared to its average volume of 5,397,009. The stock has a market capitalization of $152.73 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 2.73 and a beta of 1.24. ConocoPhillips has a 12 month low of $95.70 and a 12 month high of $135.18. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 1.29. The business’s 50 day simple moving average is $121.33 and its two-hundred day simple moving average is $117.41.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, February 8th. The energy producer reported $2.40 EPS for the quarter, topping the consensus estimate of $2.08 by $0.32. The company had revenue of $15.31 billion for the quarter, compared to the consensus estimate of $14.47 billion. ConocoPhillips had a net margin of 18.71% and a return on equity of 22.08%. During the same quarter last year, the firm posted $2.71 EPS. Analysts anticipate that ConocoPhillips will post 9.47 EPS for the current fiscal year.

ConocoPhillips Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 19th were paid a $0.78 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $3.12 annualized dividend and a yield of 2.40%. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.58. ConocoPhillips’s dividend payout ratio is 25.61%.

Analysts Set New Price Targets

COP has been the subject of several research analyst reports. Barclays began coverage on ConocoPhillips in a report on Wednesday, April 10th. They set an “overweight” rating and a $158.00 price target for the company. Raymond James lowered their price objective on shares of ConocoPhillips from $140.00 to $137.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 24th. Scotiabank lifted their price objective on shares of ConocoPhillips from $120.00 to $135.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Piper Sandler upped their target price on shares of ConocoPhillips from $145.00 to $157.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Finally, Mizuho reiterated a “neutral” rating and issued a $139.00 price target (up previously from $132.00) on shares of ConocoPhillips in a research report on Friday, March 22nd. 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 company. According to data from MarketBeat, ConocoPhillips currently has an average rating of “Moderate Buy” and a consensus price target of $143.24.

Insiders Place Their Bets

In other ConocoPhillips news, VP Christopher P. Delk sold 8,505 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $112.06, for a total value of $953,070.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other ConocoPhillips news, VP Christopher P. Delk sold 8,505 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $112.06, for a total transaction of $953,070.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Heather G. Hrap sold 4,548 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $110.55, for a total transaction of $502,781.40. Following the completion of the sale, 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. Insiders have sold 700,775 shares of company stock worth $87,615,169 in the last ninety days. 0.34% of the stock is owned by company insiders.

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.