Fiduciary Alliance LLC Sells 13,417 Shares of ConocoPhillips $COP

Fiduciary Alliance LLC cut its stake in ConocoPhillips (NYSE:COP) by 7.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 163,920 shares of the energy producer’s stock after selling 13,417 shares during the quarter. ConocoPhillips accounts for about 1.0% of Fiduciary Alliance LLC’s portfolio, making the stock its 17th biggest position. Fiduciary Alliance LLC’s holdings in ConocoPhillips were worth $15,505,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Heartland Bank & Trust Co grew its position in ConocoPhillips by 97.2% in the 2nd quarter. Heartland Bank & Trust Co now owns 6,861 shares of the energy producer’s stock worth $616,000 after purchasing an additional 3,381 shares in the last quarter. Everpar Advisors LLC boosted its stake in shares of ConocoPhillips by 138.7% in the 2nd quarter. Everpar Advisors LLC now owns 10,413 shares of the energy producer’s stock worth $934,000 after buying an additional 6,051 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of ConocoPhillips by 17.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 154,360 shares of the energy producer’s stock valued at $13,927,000 after acquiring an additional 22,827 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of ConocoPhillips by 2.4% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,395,546 shares of the energy producer’s stock valued at $304,716,000 after acquiring an additional 78,642 shares during the last quarter. Finally, StoneX Group Inc. lifted its holdings in ConocoPhillips by 510.5% during the second quarter. StoneX Group Inc. now owns 29,285 shares of the energy producer’s stock worth $2,628,000 after acquiring an additional 24,488 shares during the period. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Insider Buying and Selling at ConocoPhillips

In related news, Director William H. Mcraven acquired 5,768 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were bought at an average cost of $86.68 per share, for a total transaction of $499,970.24. Following the purchase, the director owned 5,768 shares in the company, valued at $499,970.24. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.24% of the company’s stock.

ConocoPhillips Price Performance

NYSE COP opened at $94.71 on Thursday. The company has a quick ratio of 1.18, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. The company has a market cap of $117.04 billion, a PE ratio of 13.40, a price-to-earnings-growth ratio of 2.05 and a beta of 0.32. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $106.20. The firm’s 50-day simple moving average is $89.49 and its two-hundred day simple moving average is $92.29.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, November 6th. The energy producer reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.20. The company had revenue of $15.03 billion for the quarter, compared to analysts’ expectations of $14.51 billion. ConocoPhillips had a net margin of 14.25% and a return on equity of 13.64%. ConocoPhillips’s revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.78 EPS. Research analysts predict that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were given a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 3.5%. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.78. The ex-dividend date was Monday, November 17th. ConocoPhillips’s dividend payout ratio (DPR) is presently 47.52%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Roth Capital decreased their target price on ConocoPhillips from $108.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, October 15th. BMO Capital Markets reduced their price target on shares of ConocoPhillips from $110.00 to $105.00 and set an “outperform” rating for the company in a research report on Monday. JPMorgan Chase & Co. decreased their price objective on shares of ConocoPhillips from $112.00 to $102.00 and set an “overweight” rating for the company in a report on Monday, December 8th. Wells Fargo & Company initiated coverage on shares of ConocoPhillips in a research note on Friday, October 17th. They issued an “equal weight” rating and a $100.00 target price on the stock. Finally, Mizuho increased their target price on shares of ConocoPhillips from $120.00 to $121.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Nineteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, ConocoPhillips presently has an average rating of “Moderate Buy” and a consensus target price of $114.08.

About ConocoPhillips

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.