Nicolet Advisory Services LLC Cuts Position in ConocoPhillips (NYSE:COP)

Nicolet Advisory Services LLC decreased its holdings in ConocoPhillips (NYSE:COPGet Rating) by 3.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,962 shares of the energy producer’s stock after selling 118 shares during the quarter. Nicolet Advisory Services LLC’s holdings in ConocoPhillips were worth $214,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of COP. Morgan Stanley grew its stake in shares of ConocoPhillips by 1.9% in the second quarter. Morgan Stanley now owns 9,008,903 shares of the energy producer’s stock worth $548,643,000 after acquiring an additional 165,817 shares in the last quarter. Kovack Advisors Inc. acquired a new position in shares of ConocoPhillips during the third quarter worth $400,000. Segall Bryant & Hamill LLC boosted its stake in ConocoPhillips by 7.1% in the third quarter. Segall Bryant & Hamill LLC now owns 64,010 shares of the energy producer’s stock valued at $4,346,000 after acquiring an additional 4,226 shares in the last quarter. Herold Advisors Inc. acquired a new position in ConocoPhillips in the third quarter valued at $82,000. Finally, Versor Investments LP acquired a new position in ConocoPhillips in the third quarter valued at $279,000. Institutional investors and hedge funds own 79.36% of the company’s stock.

In other ConocoPhillips news, VP Heather G. Sirdashney sold 5,700 shares of the stock in a transaction that occurred on Friday, March 4th. The shares were sold at an average price of $98.71, for a total transaction of $562,647.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Heather G. Sirdashney sold 11,000 shares of the firm’s stock in a transaction on Monday, February 7th. The shares were sold at an average price of $92.43, for a total transaction of $1,016,730.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 167,800 shares of company stock worth $15,730,870. 0.08% of the stock is currently owned by insiders.

Shares of COP stock traded down $2.03 during trading hours on Friday, hitting $95.52. The company’s stock had a trading volume of 8,777,670 shares, compared to its average volume of 6,365,385. The business has a fifty day moving average of $98.40 and a 200-day moving average of $85.27. The stock has a market cap of $123.80 billion, a price-to-earnings ratio of 15.76, a P/E/G ratio of 0.34 and a beta of 1.41. ConocoPhillips has a twelve month low of $50.97 and a twelve month high of $107.52. The company has a current ratio of 1.34, a quick ratio of 1.23 and a debt-to-equity ratio of 0.41.

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

The business also recently declared a dividend, which was paid on Thursday, April 14th. Shareholders of record on Thursday, March 31st were paid a dividend of $0.30 per share. The ex-dividend date was Wednesday, March 30th. ConocoPhillips’s dividend payout ratio is currently 37.62%.

COP has been the subject of several research analyst reports. Truist Financial upped their price objective on shares of ConocoPhillips from $115.00 to $130.00 in a research note on Thursday, April 21st. Scotiabank upgraded shares of ConocoPhillips from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $110.00 to $115.00 in a research note on Monday, April 18th. Bank of America downgraded shares of ConocoPhillips from a “buy” rating to a “neutral” rating and upped their price objective for the company from $110.00 to $135.00 in a research note on Tuesday, March 8th. Barclays upped their target price on shares of ConocoPhillips from $93.00 to $131.00 in a report on Friday, March 18th. Finally, Royal Bank of Canada upped their target price on shares of ConocoPhillips from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Monday, March 7th. Four analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $105.79.

About ConocoPhillips (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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