SlateStone Wealth LLC Has $1.45 Million Holdings in ConocoPhillips (NYSE:COP)

SlateStone Wealth LLC raised its holdings in shares of ConocoPhillips (NYSE:COP) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,502 shares of the energy producer’s stock after purchasing an additional 220 shares during the period. SlateStone Wealth LLC’s holdings in ConocoPhillips were worth $1,451,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Illinois Municipal Retirement Fund lifted its position in ConocoPhillips by 8.9% during the 4th quarter. Illinois Municipal Retirement Fund now owns 182,835 shares of the energy producer’s stock valued at $21,222,000 after purchasing an additional 15,008 shares during the period. PDS Planning Inc lifted its position in ConocoPhillips by 10.1% during the 4th quarter. PDS Planning Inc now owns 9,136 shares of the energy producer’s stock valued at $1,060,000 after purchasing an additional 838 shares during the period. Aspire Private Capital LLC lifted its position in ConocoPhillips by 4.2% during the 4th quarter. Aspire Private Capital LLC now owns 6,331 shares of the energy producer’s stock valued at $735,000 after purchasing an additional 254 shares during the period. RWA Wealth Partners LLC lifted its position in ConocoPhillips by 42.9% during the 4th quarter. RWA Wealth Partners LLC now owns 10,003 shares of the energy producer’s stock valued at $1,161,000 after purchasing an additional 3,004 shares during the period. Finally, Sage Mountain Advisors LLC lifted its position in ConocoPhillips by 13.4% during the 4th quarter. Sage Mountain Advisors LLC now owns 6,111 shares of the energy producer’s stock valued at $709,000 after purchasing an additional 724 shares during the period. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at ConocoPhillips

In other news, SVP Heather G. Hrap sold 4,548 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $110.55, for a total value of $502,781.40. Following the completion of the sale, the senior vice president now owns 2,654 shares of the company’s stock, valued at approximately $293,399.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Heather G. Hrap sold 4,548 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $110.55, for a total value of $502,781.40. Following the completion of the sale, the senior vice president now owns 2,654 shares of the company’s stock, valued at approximately $293,399.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Christopher P. Delk sold 8,505 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $112.06, for a total value of $953,070.30. The disclosure for this sale can be found here. Insiders sold 700,775 shares of company stock valued at $87,615,169 in the last ninety days. 0.34% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Mizuho reiterated a “neutral” rating and issued a $139.00 price target (up from $132.00) on shares of ConocoPhillips in a research report on Friday, March 22nd. Scotiabank increased their price target on shares of ConocoPhillips from $120.00 to $135.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. UBS Group increased their price target on shares of ConocoPhillips from $138.00 to $143.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Barclays assumed coverage on shares of ConocoPhillips in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $158.00 price target on the stock. Finally, Piper Sandler increased their price target on shares of ConocoPhillips from $145.00 to $157.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $143.24.

ConocoPhillips Stock Up 0.6 %

NYSE COP traded up $0.78 during trading hours on Tuesday, reaching $130.11. 1,759,213 shares of the company’s stock were exchanged, compared to its average volume of 5,370,777. The company has a market capitalization of $153.06 billion, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 2.73 and a beta of 1.24. ConocoPhillips has a one year low of $95.70 and a one year high of $135.18. The company’s 50-day moving average is $120.93 and its two-hundred day moving average is $117.31. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.43.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, February 8th. The energy producer reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.32. The company had revenue of $15.31 billion during the quarter, compared to analysts’ expectations of $14.47 billion. ConocoPhillips had a net margin of 18.71% and a return on equity of 22.08%. During the same period last year, the business earned $2.71 EPS. On average, analysts forecast that ConocoPhillips will post 9.47 EPS for the current fiscal year.

ConocoPhillips Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 19th were paid a dividend of $0.78 per share. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.58. This represents a $3.12 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Thursday, February 15th. ConocoPhillips’s dividend payout ratio (DPR) is currently 25.61%.

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.