Sargent Investment Group LLC Has $2.24 Million Stock Position in ConocoPhillips (NYSE:COP)

Sargent Investment Group LLC boosted its stake in shares of ConocoPhillips (NYSE:COP) by 71.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,501 shares of the energy producer’s stock after purchasing an additional 8,945 shares during the period. Sargent Investment Group LLC’s holdings in ConocoPhillips were worth $2,241,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of COP. Albion Financial Group UT grew its stake in ConocoPhillips by 876.9% in the 4th quarter. Albion Financial Group UT now owns 254 shares of the energy producer’s stock valued at $25,000 after buying an additional 228 shares during the last quarter. Values First Advisors Inc. acquired a new stake in ConocoPhillips in the 3rd quarter valued at $26,000. Reston Wealth Management LLC bought a new position in ConocoPhillips during the 3rd quarter valued at about $31,000. Truvestments Capital LLC acquired a new position in shares of ConocoPhillips in the 3rd quarter worth approximately $31,000. Finally, Global Wealth Strategies & Associates increased its stake in shares of ConocoPhillips by 80.5% in the fourth quarter. Global Wealth Strategies & Associates now owns 343 shares of the energy producer’s stock valued at $34,000 after buying an additional 153 shares in the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

Insider Buying and Selling

In related news, Director Arjun N. Murti acquired 2,500 shares of ConocoPhillips stock in a transaction dated Friday, December 20th. The stock was bought at an average price of $95.87 per share, with a total value of $239,675.00. Following the transaction, the director now directly owns 21,500 shares in the company, valued at $2,061,205. This represents a 13.16 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director R A. Walker bought 10,400 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were bought at an average price of $97.80 per share, for a total transaction of $1,017,120.00. Following the transaction, the director now directly owns 38,000 shares in the company, valued at $3,716,400. This trade represents a 37.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.34% of the stock is owned by insiders.

ConocoPhillips Stock Performance

NYSE COP opened at $100.61 on Wednesday. The company has a market capitalization of $115.80 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 0.76 and a beta of 1.18. The company has a quick ratio of 1.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. ConocoPhillips has a twelve month low of $94.23 and a twelve month high of $135.18. The stock has a fifty day simple moving average of $101.67 and a 200 day simple moving average of $106.46.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wells Fargo & Company cut their target price on shares of ConocoPhillips from $134.00 to $132.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Scotiabank reduced their target price on shares of ConocoPhillips from $120.00 to $115.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Piper Sandler decreased their price target on ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Raymond James raised their price target on ConocoPhillips from $148.00 to $157.00 and gave the company a “strong-buy” rating in a report on Thursday, January 23rd. Finally, TD Cowen began coverage on ConocoPhillips in a report on Friday, January 17th. They set a “buy” rating and a $125.00 target price for the company. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $135.89.

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.