XML Financial LLC Has $1.09 Million Position in ConocoPhillips (NYSE:COP)

XML Financial LLC increased its stake in ConocoPhillips (NYSE:COP) by 72.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,981 shares of the energy producer’s stock after purchasing an additional 4,614 shares during the period. XML Financial LLC’s holdings in ConocoPhillips were worth $1,089,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Values First Advisors Inc. acquired a new position in shares of ConocoPhillips during the third quarter valued at $26,000. Reston Wealth Management LLC acquired a new position in ConocoPhillips during the 3rd quarter valued at about $31,000. Truvestments Capital LLC bought a new position in shares of ConocoPhillips in the 3rd quarter valued at about $31,000. Global Wealth Strategies & Associates grew its position in shares of ConocoPhillips by 80.5% during the 4th quarter. Global Wealth Strategies & Associates now owns 343 shares of the energy producer’s stock worth $34,000 after buying an additional 153 shares during the period. Finally, RPg Family Wealth Advisory LLC acquired a new stake in shares of ConocoPhillips during the 3rd quarter worth approximately $35,000. 82.36% of the stock is currently owned by institutional investors.

Insider Transactions at ConocoPhillips

In related news, Director R A. Walker acquired 10,400 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was bought at an average price of $97.80 per share, with a total value of $1,017,120.00. Following the acquisition, the director now owns 38,000 shares in the company, valued at $3,716,400. This represents a 37.68 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Arjun N. Murti bought 2,500 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were purchased at an average price of $95.87 per share, for a total transaction of $239,675.00. Following the completion of the acquisition, the director now owns 21,500 shares of the company’s stock, valued at $2,061,205. The trade was a 13.16 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on COP shares. Wells Fargo & Company reduced their price objective on shares of ConocoPhillips from $134.00 to $132.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Piper Sandler decreased their price objective on ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. TD Cowen initiated coverage on ConocoPhillips in a report on Friday, January 17th. They issued a “buy” rating and a $125.00 price objective for the company. BMO Capital Markets raised their target price on ConocoPhillips from $123.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Finally, Evercore ISI reaffirmed an “outperform” rating and issued a $165.00 price target on shares of ConocoPhillips in a research note on Friday, December 6th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $136.00.

ConocoPhillips Stock Down 1.2 %

NYSE:COP opened at $103.02 on Thursday. The stock has a 50-day simple moving average of $103.54 and a 200 day simple moving average of $107.25. ConocoPhillips has a 52-week low of $94.23 and a 52-week high of $135.18. The company has a market cap of $118.57 billion, a PE ratio of 12.25, a PEG ratio of 0.88 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.16 and a current ratio of 1.30.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, October 31st. The energy producer reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.10. ConocoPhillips had a net margin of 17.29% and a return on equity of 19.53%. The company had revenue of $13.60 billion for the quarter, compared to the consensus estimate of $13.97 billion. During the same period last year, the company earned $2.16 earnings per share. The firm’s revenue was down 8.5% compared to the same quarter last year. On average, sell-side analysts expect that ConocoPhillips will post 7.68 EPS for the current fiscal year.

ConocoPhillips Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 11th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, November 8th. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.58. This represents a $3.12 annualized dividend and a yield of 3.03%. ConocoPhillips’s payout ratio is 37.10%.

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.