Herold Advisors Inc. Has $221,000 Stake in ConocoPhillips (NYSE:COP)

Herold Advisors Inc. reduced its holdings in shares of ConocoPhillips (NYSE:COP) by 11.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,900 shares of the energy producer’s stock after selling 251 shares during the quarter. Herold Advisors Inc.’s holdings in ConocoPhillips were worth $221,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Orion Capital Management LLC acquired a new stake in ConocoPhillips during the third quarter worth approximately $27,000. West Branch Capital LLC grew its position in shares of ConocoPhillips by 87.8% during the 4th quarter. West Branch Capital LLC now owns 231 shares of the energy producer’s stock worth $27,000 after buying an additional 108 shares during the period. Oliver Lagore Vanvalin Investment Group increased its stake in shares of ConocoPhillips by 63.1% in the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 287 shares of the energy producer’s stock valued at $34,000 after acquiring an additional 111 shares in the last quarter. Spartan Planning & Wealth Management acquired a new position in shares of ConocoPhillips during the 3rd quarter valued at $40,000. Finally, Newbridge Financial Services Group Inc. bought a new position in ConocoPhillips during the third quarter worth $44,000. 82.36% of the stock is owned by institutional investors.

ConocoPhillips Stock Up 0.1 %

Shares of COP stock traded up $0.12 during mid-day trading on Friday, hitting $130.23. The company’s stock had a trading volume of 4,822,904 shares, compared to its average volume of 5,349,431. The stock has a market cap of $153.20 billion, a price-to-earnings ratio of 14.37, a PEG ratio of 2.70 and a beta of 1.24. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.43. ConocoPhillips has a 52-week low of $95.70 and a 52-week high of $135.18. The business has a 50-day moving average price of $122.49 and a 200 day moving average price of $117.64.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, February 8th. The energy producer reported $2.40 EPS for the quarter, topping the consensus estimate of $2.08 by $0.32. The company had revenue of $15.31 billion during the quarter, compared to the consensus estimate of $14.47 billion. ConocoPhillips had a return on equity of 22.08% and a net margin of 18.71%. During the same period last year, the company earned $2.71 EPS. Research analysts predict that ConocoPhillips will post 9.57 EPS for the current fiscal year.

ConocoPhillips Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 19th were given a dividend of $0.78 per share. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.58. The ex-dividend date was Thursday, February 15th. This represents a $3.12 dividend on an annualized basis and a yield of 2.40%. ConocoPhillips’s dividend payout ratio is 25.61%.

Wall Street Analyst Weigh In

A number of analysts recently commented on COP shares. UBS Group boosted their target price on ConocoPhillips from $138.00 to $143.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Truist Financial lowered their price target on shares of ConocoPhillips from $173.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Scotiabank boosted their target price on ConocoPhillips from $120.00 to $135.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Susquehanna increased their price target on ConocoPhillips from $133.00 to $154.00 and gave the stock a “positive” rating in a research note on Monday. Finally, Wells Fargo & Company boosted their price objective on ConocoPhillips from $141.00 to $149.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, ConocoPhillips presently has a consensus rating of “Moderate Buy” and an average target price of $143.24.

Insider Buying and Selling

In related news, VP Christopher P. Delk sold 8,505 shares of ConocoPhillips stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $112.06, for a total value of $953,070.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Christopher P. Delk sold 8,505 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $112.06, for a total value of $953,070.30. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Heather G. Hrap sold 4,548 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $110.55, for a total transaction of $502,781.40. Following the completion of the transaction, the senior vice president now directly owns 2,654 shares in the company, valued at approximately $293,399.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 700,775 shares of company stock worth $87,615,169. 0.34% of the stock is owned by insiders.

ConocoPhillips Company Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.