ConocoPhillips (NYSE:COP) Shares Bought by Moody Lynn & Lieberson LLC

Moody Lynn & Lieberson LLC grew its holdings in shares of ConocoPhillips (NYSE:COP) by 23.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,473 shares of the energy producer’s stock after purchasing an additional 1,037 shares during the period. Moody Lynn & Lieberson LLC’s holdings in ConocoPhillips were worth $576,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brookstone Capital Management lifted its stake in shares of ConocoPhillips by 41.2% in the 1st quarter. Brookstone Capital Management now owns 10,158 shares of the energy producer’s stock worth $1,293,000 after acquiring an additional 2,963 shares during the period. Sovereign Financial Group Inc. bought a new position in ConocoPhillips during the 1st quarter valued at $240,000. Wealth Enhancement Advisory Services LLC increased its position in shares of ConocoPhillips by 0.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 248,009 shares of the energy producer’s stock valued at $31,567,000 after purchasing an additional 1,243 shares during the period. Hennessy Advisors Inc. raised its stake in shares of ConocoPhillips by 7.7% in the 1st quarter. Hennessy Advisors Inc. now owns 32,045 shares of the energy producer’s stock worth $4,079,000 after buying an additional 2,300 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its holdings in shares of ConocoPhillips by 64.5% in the first quarter. Fifth Third Wealth Advisors LLC now owns 6,278 shares of the energy producer’s stock valued at $799,000 after buying an additional 2,461 shares during the period. 82.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on COP shares. Truist Financial lowered their target price on ConocoPhillips from $145.00 to $138.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Royal Bank of Canada reiterated an “outperform” rating and issued a $140.00 target price on shares of ConocoPhillips in a report on Friday, September 13th. StockNews.com cut shares of ConocoPhillips from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Wolfe Research initiated coverage on ConocoPhillips in a report on Thursday, July 18th. They issued an “outperform” rating and a $145.00 price target on the stock. Finally, UBS Group reduced their price objective on ConocoPhillips from $153.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Six research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, ConocoPhillips has a consensus rating of “Moderate Buy” and a consensus target price of $136.94.

Insider Activity at ConocoPhillips

In other ConocoPhillips news, Director Timothy A. Leach sold 55,500 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $108.11, for a total value of $6,000,105.00. Following the transaction, the director now directly owns 455,909 shares of the company’s stock, valued at $49,288,321.99. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.34% of the company’s stock.

ConocoPhillips Trading Down 0.1 %

NYSE:COP opened at $104.36 on Friday. The stock has a market cap of $121.19 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 0.84 and a beta of 1.21. ConocoPhillips has a fifty-two week low of $101.29 and a fifty-two week high of $135.18. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.33 and a quick ratio of 1.19. The stock’s 50-day moving average is $108.74 and its two-hundred day moving average is $114.21.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, August 1st. The energy producer reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.02. ConocoPhillips had a net margin of 18.18% and a return on equity of 20.81%. The firm had revenue of $14.14 billion for the quarter, compared to the consensus estimate of $14.96 billion. During the same period in the previous year, the firm posted $1.84 earnings per share. The firm’s revenue was up 9.7% on a year-over-year basis. As a group, equities research analysts forecast that ConocoPhillips will post 7.95 earnings per share for the current fiscal year.

ConocoPhillips Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 12th were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date was Monday, August 12th. ConocoPhillips’s dividend payout ratio (DPR) is presently 25.86%.

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.