ConocoPhillips $COP Shares Bought by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of ConocoPhillips (NYSE:COP) by 200.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,128 shares of the energy producer’s stock after acquiring an additional 5,424 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in ConocoPhillips were worth $1,072,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC raised its stake in shares of ConocoPhillips by 31.2% during the fourth quarter. Concurrent Investment Advisors LLC now owns 86,171 shares of the energy producer’s stock valued at $8,067,000 after purchasing an additional 20,501 shares in the last quarter. D.A. Davidson & CO. grew its position in ConocoPhillips by 10.5% in the 4th quarter. D.A. Davidson & CO. now owns 155,662 shares of the energy producer’s stock valued at $14,572,000 after buying an additional 14,833 shares in the last quarter. Czech National Bank increased its stake in ConocoPhillips by 2.7% during the 4th quarter. Czech National Bank now owns 325,841 shares of the energy producer’s stock valued at $30,502,000 after buying an additional 8,635 shares during the period. BXM Wealth LLC raised its position in shares of ConocoPhillips by 691.6% during the 4th quarter. BXM Wealth LLC now owns 40,016 shares of the energy producer’s stock worth $3,746,000 after buying an additional 34,961 shares in the last quarter. Finally, Assetmark Inc. raised its position in shares of ConocoPhillips by 17.6% during the 4th quarter. Assetmark Inc. now owns 410,229 shares of the energy producer’s stock worth $38,402,000 after buying an additional 61,361 shares in the last quarter. 82.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on COP shares. Roth Capital raised ConocoPhillips from a “neutral” rating to a “buy” rating and increased their price target for the company from $124.00 to $130.00 in a research note on Monday, June 22nd. Truist Financial cut their price objective on ConocoPhillips from $128.00 to $115.00 and set a “hold” rating for the company in a report on Wednesday, July 8th. Jefferies Financial Group raised their target price on ConocoPhillips from $160.00 to $161.00 and gave the company a “buy” rating in a research note on Monday, May 18th. BMO Capital Markets dropped their price target on shares of ConocoPhillips from $140.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. Finally, Royal Bank Of Canada set a $130.00 price target on shares of ConocoPhillips in a report on Monday, June 22nd. Eighteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $134.04.

ConocoPhillips Trading Down 0.3%

Shares of NYSE COP opened at $111.49 on Thursday. The business has a fifty day simple moving average of $113.50 and a 200-day simple moving average of $113.21. The company has a market cap of $135.82 billion, a price-to-earnings ratio of 18.93, a P/E/G ratio of 1.34 and a beta of 0.12. ConocoPhillips has a 12 month low of $85.57 and a 12 month high of $135.87. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.34.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, April 30th. The energy producer reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.17. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The company had revenue of $15.76 billion during the quarter, compared to analyst estimates of $15.62 billion. During the same period in the prior year, the firm earned $2.09 earnings per share. The business’s quarterly revenue was down 6.1% on a year-over-year basis. Sell-side analysts predict that ConocoPhillips will post 9.27 EPS for the current year.

ConocoPhillips Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 11th were paid a $0.84 dividend. The ex-dividend date was Monday, May 11th. This represents a $3.36 dividend on an annualized basis and a yield of 3.0%. ConocoPhillips’s payout ratio is 57.05%.

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.