ConocoPhillips (NYSE:COP) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC increased its holdings in shares of ConocoPhillips (NYSE:COP) by 5.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,706 shares of the energy producer’s stock after purchasing an additional 5,153 shares during the period. Tidal Investments LLC’s holdings in ConocoPhillips were worth $10,780,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of COP. Albion Financial Group UT boosted its stake in ConocoPhillips by 876.9% during the 4th quarter. Albion Financial Group UT now owns 254 shares of the energy producer’s stock worth $25,000 after purchasing an additional 228 shares during the period. Murphy & Mullick Capital Management Corp acquired a new stake in ConocoPhillips during the 4th quarter worth $26,000. Centricity Wealth Management LLC acquired a new stake in ConocoPhillips during the 4th quarter worth $27,000. Crowley Wealth Management Inc. acquired a new stake in ConocoPhillips during the 4th quarter worth $32,000. Finally, DiNuzzo Private Wealth Inc. boosted its stake in ConocoPhillips by 310.1% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 365 shares of the energy producer’s stock worth $36,000 after purchasing an additional 276 shares during the period. Institutional investors and hedge funds own 82.36% of the company’s stock.

Wall Street Analyst Weigh In

COP has been the subject of a number of recent research reports. Bank of America cut shares of ConocoPhillips from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $138.00 to $107.00 in a research note on Tuesday, April 29th. Mizuho cut their price objective on shares of ConocoPhillips from $127.00 to $125.00 and set an “outperform” rating for the company in a research report on Tuesday, May 13th. Royal Bank of Canada cut their price objective on shares of ConocoPhillips from $133.00 to $120.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. The Goldman Sachs Group set a $132.00 price objective on shares of ConocoPhillips in a research report on Thursday, January 30th. Finally, Piper Sandler cut their price objective on shares of ConocoPhillips from $114.00 to $107.00 and set an “overweight” rating for the company in a research report on Tuesday, May 13th. Three research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.74.

ConocoPhillips Stock Performance

Shares of COP opened at $92.34 on Monday. The company has a 50-day simple moving average of $93.24 and a 200-day simple moving average of $98.96. 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 company has a market capitalization of $116.73 billion, a PE ratio of 11.85, a P/E/G ratio of 0.79 and a beta of 0.64. ConocoPhillips has a 52-week low of $79.88 and a 52-week high of $122.11.

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

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be paid a $0.78 dividend. The ex-dividend date is Monday, May 19th. This represents a $3.12 dividend on an annualized basis and a yield of 3.38%. ConocoPhillips’s payout ratio is 39.64%.

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.