Wick Capital Partners LLC Invests $577,000 in ConocoPhillips $COP

Wick Capital Partners LLC acquired a new position in shares of ConocoPhillips (NYSE:COP) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 6,159 shares of the energy producer’s stock, valued at approximately $577,000.

Other institutional investors also recently added to or reduced their stakes in the company. MidFirst Bank purchased a new position in shares of ConocoPhillips in the 4th quarter worth approximately $611,000. SG Trading Solutions LLC purchased a new stake in ConocoPhillips during the fourth quarter valued at approximately $1,270,000. Walser Wealth Management Company A Ltd Liability Co purchased a new stake in ConocoPhillips during the fourth quarter valued at approximately $1,094,000. MV Capital Management Inc. acquired a new stake in ConocoPhillips in the fourth quarter valued at approximately $180,000. Finally, Cambient Family Office LLC acquired a new stake in ConocoPhillips in the fourth quarter valued at approximately $401,000. Institutional investors own 82.36% of the company’s stock.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, SVP Kelly Brunetti Rose sold 7,700 shares of the business’s stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $130.03, for a total transaction of $1,001,231.00. Following the sale, the senior vice president owned 25,284 shares in the company, valued at approximately $3,287,678.52. The trade was a 23.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Nicholas G. Olds sold 6,994 shares of the stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $127.06, for a total value of $888,657.64. Following the completion of the transaction, the executive vice president directly owned 5,395 shares in the company, valued at $685,488.70. This represents a 56.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 127,915 shares of company stock worth $16,915,448. 0.09% of the stock is currently owned by insiders.

ConocoPhillips Trading Up 0.2%

NYSE COP opened at $107.92 on Friday. ConocoPhillips has a 12-month low of $85.57 and a 12-month high of $135.87. The company has a fifty day simple moving average of $118.65 and a two-hundred day simple moving average of $111.25. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.34. The stock has a market cap of $131.48 billion, a P/E ratio of 18.32, a P/E/G ratio of 1.19 and a beta of 0.11.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, April 30th. The energy producer reported $1.89 earnings per share 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 firm had revenue of $15.76 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same period in the previous year, the company earned $2.09 earnings per share. The business’s quarterly revenue was down 6.1% compared to the same quarter last year. On average, analysts forecast that ConocoPhillips will post 10.03 earnings per share for the current year.

ConocoPhillips Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 11th were given a dividend of $0.84 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $3.36 dividend on an annualized basis and a yield of 3.1%. ConocoPhillips’s payout ratio is currently 57.05%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on COP shares. Mizuho upped their price target on ConocoPhillips from $136.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Truist Financial set a $128.00 price objective on ConocoPhillips in a research report on Friday, May 1st. Zacks Research downgraded ConocoPhillips from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Raymond James Financial reduced their target price on ConocoPhillips from $145.00 to $142.00 and set an “outperform” rating on the stock in a research report on Monday, June 1st. Finally, Piper Sandler increased their price target on ConocoPhillips from $154.00 to $157.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Seventeen equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, ConocoPhillips has a consensus rating of “Moderate Buy” and a consensus price target of $134.48.

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.