Wealthcare Advisory Partners LLC Has $2 Million Stock Holdings in ConocoPhillips (NYSE:COP)

Wealthcare Advisory Partners LLC reduced its position in ConocoPhillips (NYSE:COP) by 5.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,260 shares of the energy producer’s stock after selling 933 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in ConocoPhillips were worth $2,003,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Northern Trust Corp increased its stake in ConocoPhillips by 3.2% in the third quarter. Northern Trust Corp now owns 12,486,871 shares of the energy producer’s stock valued at $1,495,927,000 after purchasing an additional 386,276 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in ConocoPhillips by 8.9% in the third quarter. Ameriprise Financial Inc. now owns 8,063,795 shares of the energy producer’s stock worth $968,410,000 after acquiring an additional 659,632 shares in the last quarter. Fisher Asset Management LLC grew its stake in ConocoPhillips by 2.8% in the fourth quarter. Fisher Asset Management LLC now owns 7,425,948 shares of the energy producer’s stock valued at $861,930,000 after acquiring an additional 204,714 shares during the period. Lazard Asset Management LLC grew its position in ConocoPhillips by 1.1% in the 3rd quarter. Lazard Asset Management LLC now owns 7,086,681 shares of the energy producer’s stock valued at $848,984,000 after purchasing an additional 74,278 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in ConocoPhillips by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,472,590 shares of the energy producer’s stock worth $775,416,000 after buying an additional 33,466 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Price Performance

Shares of NYSE:COP traded up $0.98 on Tuesday, hitting $124.53. The company’s stock had a trading volume of 1,094,546 shares, compared to its average volume of 5,312,350. ConocoPhillips has a 1 year low of $97.42 and a 1 year high of $135.18. The company has a market capitalization of $145.64 billion, a PE ratio of 13.99, a PEG ratio of 2.69 and a beta of 1.25. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.35 and a quick ratio of 1.21. The company has a 50-day simple moving average of $124.07 and a 200 day simple moving average of $117.59.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, February 8th. The energy producer reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.32. The firm had revenue of $15.31 billion for the quarter, compared to analysts’ expectations of $14.47 billion. ConocoPhillips had a net margin of 18.40% and a return on equity of 20.85%. During the same quarter last year, the company posted $2.71 EPS. Sell-side analysts forecast that ConocoPhillips will post 9.1 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 13th will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Friday, May 10th. ConocoPhillips’s dividend payout ratio is currently 26.27%.

Insider Buying and Selling

In other news, SVP Heather G. Hrap sold 4,548 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $110.55, for a total value of $502,781.40. Following the transaction, the senior vice president now owns 2,654 shares in the company, valued at $293,399.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Heather G. Hrap sold 4,548 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $110.55, for a total value of $502,781.40. Following the sale, the senior vice president now directly owns 2,654 shares of the company’s stock, valued at $293,399.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Nicholas G. Olds sold 12,150 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $126.44, for a total value of $1,536,246.00. Following the transaction, the executive vice president now directly owns 14,522 shares of the company’s stock, valued at approximately $1,836,161.68. The disclosure for this sale can be found here. Insiders have sold a total of 700,775 shares of company stock worth $87,615,169 in the last 90 days. 0.34% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Susquehanna upped their target price on shares of ConocoPhillips from $133.00 to $154.00 and gave the stock a “positive” rating in a report on Monday, April 22nd. Raymond James dropped their price target on shares of ConocoPhillips from $140.00 to $137.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 24th. Scotiabank increased their price objective on shares of ConocoPhillips from $120.00 to $135.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Barclays initiated coverage on ConocoPhillips in a research report on Wednesday, April 10th. They issued an “overweight” rating and a $158.00 price objective 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 research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, ConocoPhillips has an average rating of “Moderate Buy” and an average price target of $142.76.

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.