Brinker Capital Investments LLC Sells 15,348 Shares of ConocoPhillips (NYSE:COP)

Brinker Capital Investments LLC cut its position in ConocoPhillips (NYSE:COPGet Rating) by 9.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 140,525 shares of the energy producer’s stock after selling 15,348 shares during the quarter. Brinker Capital Investments LLC’s holdings in ConocoPhillips were worth $10,143,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bell Investment Advisors Inc acquired a new stake in ConocoPhillips in the 3rd quarter worth about $26,000. Tower View Investment Management & Research LLC acquired a new stake in shares of ConocoPhillips in the third quarter valued at approximately $34,000. Lenox Wealth Advisors LLC boosted its stake in shares of ConocoPhillips by 435.6% in the fourth quarter. Lenox Wealth Advisors LLC now owns 482 shares of the energy producer’s stock valued at $35,000 after buying an additional 392 shares during the period. Amplius Wealth Advisors LLC acquired a new position in ConocoPhillips in the 4th quarter valued at $53,000. Finally, Mascoma Wealth Management LLC lifted its position in ConocoPhillips by 117.7% during the fourth quarter. Mascoma Wealth Management LLC now owns 751 shares of the energy producer’s stock worth $54,000 after purchasing an additional 406 shares during the period. 79.36% of the stock is currently owned by hedge funds and other institutional investors.

Shares of COP stock opened at $95.52 on Friday. ConocoPhillips has a fifty-two week low of $50.97 and a fifty-two week high of $107.52. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.23 and a current ratio of 1.34. The stock has a 50 day simple moving average of $98.40 and a two-hundred day simple moving average of $85.27. The company has a market cap of $123.80 billion, a P/E ratio of 15.76, a PEG ratio of 0.34 and a beta of 1.41.

ConocoPhillips (NYSE:COPGet Rating) last released its quarterly earnings data on Thursday, February 3rd. The energy producer reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.07. The company had revenue of $15.96 billion during the quarter, compared to analyst estimates of $13.34 billion. ConocoPhillips had a net margin of 16.71% and a return on equity of 18.08%. During the same quarter in the previous year, the business posted ($0.19) EPS. On average, research analysts predict that ConocoPhillips will post 14.43 earnings per share for the current year.

The business also recently disclosed a dividend, which was paid on Thursday, April 14th. Stockholders of record on Thursday, March 31st were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, March 30th. ConocoPhillips’s dividend payout ratio (DPR) is presently 37.62%.

COP has been the topic of several analyst reports. Barclays increased their price target on shares of ConocoPhillips from $93.00 to $131.00 in a research report on Friday, March 18th. Raymond James raised their price objective on ConocoPhillips from $120.00 to $160.00 and gave the company a “strong-buy” rating in a research note on Monday, April 25th. Susquehanna Bancshares raised their price target on shares of ConocoPhillips from $108.00 to $129.00 in a research note on Monday, April 25th. The Goldman Sachs Group upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $78.00 to $101.00 in a research report on Tuesday, January 18th. Finally, UBS Group lowered shares of ConocoPhillips from a “buy” rating to a “neutral” rating and set a $50.00 target price on the stock. in a research report on Tuesday, February 1st. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $105.79.

In related news, VP Heather G. Sirdashney sold 11,000 shares of the stock in a transaction on Monday, February 7th. The stock was sold at an average price of $92.43, for a total value of $1,016,730.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Dominic E. Macklon sold 19,200 shares of the business’s stock in a transaction on Tuesday, February 8th. The shares were sold at an average price of $91.13, for a total transaction of $1,749,696.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 167,800 shares of company stock valued at $15,730,870. 0.08% of the stock is currently owned by company insiders.

ConocoPhillips Company Profile (Get Rating)

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. It primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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