ConocoPhillips $COP Shares Acquired by Sapient Capital LLC

Sapient Capital LLC increased its holdings in ConocoPhillips (NYSE:COP) by 99.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,203 shares of the energy producer’s stock after buying an additional 5,100 shares during the quarter. Sapient Capital LLC’s holdings in ConocoPhillips were worth $1,347,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in COP. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in ConocoPhillips during the 4th quarter worth $25,000. Strive Asset Management LLC acquired a new position in shares of ConocoPhillips during the third quarter valued at $28,000. Frazier Financial Advisors LLC increased its holdings in shares of ConocoPhillips by 151.0% during the first quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer’s stock valued at $32,000 after purchasing an additional 145 shares during the period. BNP Paribas bought a new stake in shares of ConocoPhillips during the second quarter valued at about $33,000. Finally, Optima Capital LLC bought a new stake in shares of ConocoPhillips during the fourth quarter valued at about $34,000. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Price Performance

NYSE:COP opened at $119.21 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.34. The business’s 50-day moving average price is $112.96 and its 200 day moving average price is $115.23. ConocoPhillips has a 52-week low of $85.57 and a 52-week high of $135.87. The firm has a market cap of $145.24 billion, a P/E ratio of 20.24, a PEG ratio of 1.45 and a beta of 0.11.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on COP. Roth Capital upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and increased their target price for the company from $124.00 to $130.00 in a research report on Monday, June 22nd. Royal Bank Of Canada set a $130.00 price target on shares of ConocoPhillips in a research report on Monday, June 22nd. Susquehanna upped their price target on shares of ConocoPhillips from $152.00 to $155.00 and gave the stock a “positive” rating in a research note on Tuesday, July 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of ConocoPhillips in a report on Wednesday, June 3rd. Finally, Raymond James Financial lowered their price objective on shares of ConocoPhillips from $145.00 to $142.00 and set an “outperform” rating on the stock in a research note on Monday, June 1st. Eighteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.16.

About ConocoPhillips

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.