ConocoPhillips (NYSE:COP) Shares Sold by Sunbelt Securities Inc.

Sunbelt Securities Inc. lessened its holdings in shares of ConocoPhillips (NYSE:COP) by 8.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,021 shares of the energy producer’s stock after selling 1,415 shares during the quarter. Sunbelt Securities Inc.’s holdings in ConocoPhillips were worth $1,555,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new stake in ConocoPhillips during the 4th quarter worth approximately $26,000. Centricity Wealth Management LLC purchased a new stake in shares of ConocoPhillips during the fourth quarter worth $27,000. 10Elms LLP acquired a new stake in shares of ConocoPhillips in the fourth quarter valued at $28,000. Crowley Wealth Management Inc. acquired a new stake in shares of ConocoPhillips in the fourth quarter valued at $32,000. Finally, DiNuzzo Private Wealth Inc. boosted its holdings in ConocoPhillips by 310.1% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 365 shares of the energy producer’s stock valued at $36,000 after purchasing an additional 276 shares during the period. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Analysts Set New Price Targets

COP has been the topic of several recent research reports. Raymond James restated an “outperform” rating and set a $109.00 price target (up previously from $103.00) on shares of ConocoPhillips in a report on Tuesday. Piper Sandler lowered their price objective on ConocoPhillips from $114.00 to $107.00 and set an “overweight” rating for the company in a research report on Tuesday, May 13th. Susquehanna cut their target price on shares of ConocoPhillips from $120.00 to $114.00 and set a “positive” rating on the stock in a research note on Monday, May 12th. Bank of America decreased their price target on shares of ConocoPhillips from $107.00 to $106.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Mizuho dropped their price objective on shares of ConocoPhillips from $127.00 to $125.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 13th. Three analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $121.89.

ConocoPhillips Stock Performance

NYSE COP opened at $85.19 on Friday. The company has a fifty day moving average of $92.15 and a two-hundred day moving average of $98.37. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14. ConocoPhillips has a 1 year low of $79.88 and a 1 year high of $119.23. The company has a market capitalization of $107.69 billion, a PE ratio of 10.94, a P/E/G ratio of 0.79 and a beta of 0.64.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, May 8th. The energy producer reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.04. The firm had revenue of $16.18 billion during the quarter, compared to analysts’ expectations of $15.74 billion. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. During the same period in the prior year, the firm earned $2.05 EPS. As a group, analysts expect that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be issued a $0.78 dividend. The ex-dividend date is Monday, May 19th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.66%. ConocoPhillips’s payout ratio is 39.64%.

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.