Texas Yale Capital Corp. Has $2.21 Million Stock Holdings in ConocoPhillips $COP

Texas Yale Capital Corp. lifted its holdings in ConocoPhillips (NYSE:COP) by 56.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,550 shares of the energy producer’s stock after buying an additional 8,519 shares during the period. Texas Yale Capital Corp.’s holdings in ConocoPhillips were worth $2,205,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of ConocoPhillips in the third quarter worth $28,000. Board of the Pension Protection Fund acquired a new stake in shares of ConocoPhillips in the fourth quarter worth $28,000. Strive Asset Management LLC acquired a new stake in shares of ConocoPhillips in the third quarter worth $28,000. BNP Paribas acquired a new stake in shares of ConocoPhillips in the second quarter worth $33,000. Finally, Optima Capital LLC acquired a new stake in shares of ConocoPhillips in the fourth quarter worth $34,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

Analysts Set New Price Targets

COP has been the subject of a number of research reports. BMO Capital Markets reduced their price objective on ConocoPhillips from $140.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. Truist Financial set a $128.00 price objective on ConocoPhillips in a research report on Friday, May 1st. The Goldman Sachs Group lifted their price objective on ConocoPhillips from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Susquehanna lifted their price objective on ConocoPhillips from $149.00 to $152.00 in a research report on Friday, May 1st. Finally, UBS Group lifted their price objective on ConocoPhillips from $130.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Seventeen research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $134.60.

ConocoPhillips Stock Performance

COP opened at $114.01 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.14 and a current ratio of 1.29. The company has a market cap of $138.90 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 1.28 and a beta of 0.11. The stock has a 50-day moving average of $123.09 and a 200-day moving average of $108.61. ConocoPhillips has a 52-week low of $84.33 and a 52-week high of $135.87.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, April 30th. The energy producer reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.17. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The business had revenue of $15.76 billion for the quarter, compared to the consensus estimate of $15.62 billion. During the same period last year, the business earned $2.09 EPS. The firm’s revenue was down 6.1% compared to the same quarter last year. As a group, equities research analysts forecast that ConocoPhillips will post 9.92 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 11th will be given a $0.84 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.9%. ConocoPhillips’s dividend payout ratio (DPR) is currently 57.05%.

Insider Buying and Selling

In related news, CEO Ryan Michael Lance sold 506,800 shares of the firm’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $127.26, for a total value of $64,495,368.00. Following the transaction, the chief executive officer directly owned 6,835 shares in the company, valued at approximately $869,822.10. This trade represents a 98.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Nicholas G. Olds sold 14,522 shares of ConocoPhillips stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $119.36, for a total transaction of $1,733,345.92. Following the completion of the transaction, the executive vice president owned 12,389 shares in the company, valued at $1,478,751.04. This trade represents a 53.96% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 734,891 shares of company stock valued at $93,345,692. 0.09% of the stock is owned by corporate insiders.

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.