4,313 Shares in ConocoPhillips $COP Purchased by Clear Trail Advisors LLC

Clear Trail Advisors LLC bought a new position in ConocoPhillips (NYSE:COP) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 4,313 shares of the energy producer’s stock, valued at approximately $404,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. SG Americas Securities LLC boosted its position in shares of ConocoPhillips by 505.9% during the 4th quarter. SG Americas Securities LLC now owns 589,980 shares of the energy producer’s stock valued at $55,228,000 after acquiring an additional 735,319 shares during the last quarter. S.E.E.D. Planning Group LLC purchased a new position in shares of ConocoPhillips during the fourth quarter worth about $434,000. Charles Schwab Trust Co increased its position in shares of ConocoPhillips by 13.0% in the fourth quarter. Charles Schwab Trust Co now owns 7,639 shares of the energy producer’s stock worth $715,000 after purchasing an additional 881 shares during the last quarter. Aull & Monroe Investment Management Corp raised its stake in ConocoPhillips by 1.2% in the fourth quarter. Aull & Monroe Investment Management Corp now owns 16,880 shares of the energy producer’s stock valued at $1,580,000 after purchasing an additional 200 shares in the last quarter. Finally, 180 Wealth Advisors LLC raised its stake in ConocoPhillips by 4.9% in the fourth quarter. 180 Wealth Advisors LLC now owns 3,790 shares of the energy producer’s stock valued at $355,000 after purchasing an additional 177 shares in the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on COP. Raymond James Financial boosted their price target on shares of ConocoPhillips from $113.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. UBS Group raised their price objective on shares of ConocoPhillips from $130.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Citigroup lifted their price objective on shares of ConocoPhillips from $125.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Susquehanna increased their target price on ConocoPhillips from $115.00 to $121.00 and gave the company a “positive” rating in a research note on Friday, February 6th. Finally, The Goldman Sachs Group raised their price target on ConocoPhillips from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $120.38.

ConocoPhillips Stock Up 0.2%

Shares of NYSE:COP opened at $127.16 on Tuesday. The stock’s 50-day moving average price is $109.93 and its 200-day moving average price is $98.07. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $128.36. The stock has a market capitalization of $157.13 billion, a P/E ratio of 20.06, a price-to-earnings-growth ratio of 3.49 and a beta of 0.27. The company has a current ratio of 1.30, a quick ratio of 1.14 and a debt-to-equity ratio of 0.35.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, February 5th. The energy producer reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.21). The company had revenue of $13.86 billion during the quarter, compared to the consensus estimate of $14.35 billion. ConocoPhillips had a net margin of 12.98% and a return on equity of 11.90%. The company’s revenue was down 3.7% on a year-over-year basis. During the same period last year, the firm posted $1.98 EPS. On average, equities analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Wednesday, February 18th were given a $0.84 dividend. The ex-dividend date was Wednesday, February 18th. This represents a $3.36 annualized dividend and a yield of 2.6%. ConocoPhillips’s payout ratio is presently 53.00%.

Insider Activity

In related news, SVP Heather G. Hrap sold 2,654 shares of the company’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $119.68, for a total transaction of $317,630.72. Following the completion of the sale, the senior vice president directly owned 5,663 shares in the company, valued at $677,747.84. This represents a 31.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Kelly Brunetti Rose sold 8,500 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $118.04, for a total transaction of $1,003,340.00. Following the sale, the senior vice president directly owned 32,984 shares of the company’s stock, valued at $3,893,431.36. The trade was a 20.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 613,970 shares of company stock valued at $77,318,902. Corporate insiders own 0.24% of the company’s stock.

About ConocoPhillips

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.