Rothschild Investment LLC Sells 103 Shares of ConocoPhillips (NYSE:COP)

Rothschild Investment LLC trimmed its holdings in ConocoPhillips (NYSE:COP) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,613 shares of the energy producer’s stock after selling 103 shares during the quarter. Rothschild Investment LLC’s holdings in ConocoPhillips were worth $2,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Crestwood Advisors Group LLC increased its stake in shares of ConocoPhillips by 21.1% during the fourth quarter. Crestwood Advisors Group LLC now owns 7,777 shares of the energy producer’s stock valued at $771,000 after purchasing an additional 1,357 shares in the last quarter. IFP Advisors Inc grew its stake in shares of ConocoPhillips by 15.0% in the 4th quarter. IFP Advisors Inc now owns 12,636 shares of the energy producer’s stock worth $1,253,000 after buying an additional 1,645 shares during the last quarter. Rowlandmiller & PARTNERS.ADV increased its position in ConocoPhillips by 1.0% during the 4th quarter. Rowlandmiller & PARTNERS.ADV now owns 41,588 shares of the energy producer’s stock valued at $4,124,000 after buying an additional 416 shares in the last quarter. Capital Advisors Ltd. LLC raised its stake in ConocoPhillips by 14.6% during the fourth quarter. Capital Advisors Ltd. LLC now owns 1,309 shares of the energy producer’s stock valued at $130,000 after buying an additional 167 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in ConocoPhillips in the fourth quarter worth $2,062,000. 82.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on COP. Piper Sandler reduced their price target on ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Evercore ISI restated an “outperform” rating and set a $165.00 price objective on shares of ConocoPhillips in a research note on Friday, December 6th. JPMorgan Chase & Co. raised shares of ConocoPhillips from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $120.00 to $123.00 in a report on Thursday, December 5th. Barclays cut their price target on shares of ConocoPhillips from $137.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Finally, TD Cowen initiated coverage on shares of ConocoPhillips in a report on Friday, January 17th. They issued a “buy” rating and a $125.00 price objective for the company. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $133.47.

Insider Buying and Selling

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

ConocoPhillips Price Performance

NYSE COP opened at $98.82 on Tuesday. The company has a 50-day moving average price of $100.09 and a 200-day moving average price of $105.36. ConocoPhillips has a 52 week low of $94.23 and a 52 week high of $135.18. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $125.73 billion, a P/E ratio of 12.68, a PEG ratio of 0.79 and a beta of 1.18.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. Equities research analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $3.12 annualized dividend and a dividend yield of 3.16%. ConocoPhillips’s dividend payout ratio (DPR) is 40.05%.

About ConocoPhillips

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.