Leisure Capital Management Has $1.82 Million Stock Holdings in ConocoPhillips (NYSE:COP)

Leisure Capital Management cut its holdings in ConocoPhillips (NYSE:COP) by 13.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,677 shares of the energy producer’s stock after selling 2,498 shares during the quarter. ConocoPhillips comprises 1.0% of Leisure Capital Management’s holdings, making the stock its 28th biggest position. Leisure Capital Management’s holdings in ConocoPhillips were worth $1,820,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of COP. Capital Investment Counsel Inc bought a new stake in ConocoPhillips in the 3rd quarter valued at approximately $228,000. Columbia Trust Co 01012016 raised its stake in shares of ConocoPhillips by 1.2% during the 4th quarter. Columbia Trust Co 01012016 now owns 9,463 shares of the energy producer’s stock worth $1,098,000 after purchasing an additional 112 shares in the last quarter. Raymond James & Associates raised its stake in shares of ConocoPhillips by 1.5% during the 4th quarter. Raymond James & Associates now owns 1,563,044 shares of the energy producer’s stock worth $181,422,000 after purchasing an additional 23,572 shares in the last quarter. Syon Capital LLC bought a new stake in shares of ConocoPhillips during the 3rd quarter worth approximately $2,262,000. Finally, PFG Investments LLC bought a new stake in shares of ConocoPhillips during the 3rd quarter worth approximately $233,000. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, EVP Nicholas G. Olds sold 12,150 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $126.44, for a total value of $1,536,246.00. Following the completion of the transaction, the executive vice president now directly owns 14,522 shares in the company, valued at $1,836,161.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other ConocoPhillips news, EVP Nicholas G. Olds sold 12,150 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $126.44, for a total value of $1,536,246.00. Following the completion of the transaction, the executive vice president now directly owns 14,522 shares in the company, valued at $1,836,161.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Heather G. Hrap sold 4,548 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $110.55, for a total value of $502,781.40. Following the completion of the transaction, the senior vice president now owns 2,654 shares of the company’s stock, valued at $293,399.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 700,775 shares of company stock worth $87,615,169. 0.34% of the stock is currently owned by insiders.

ConocoPhillips Price Performance

Shares of COP stock traded up $0.13 on Friday, hitting $130.24. 4,823,139 shares of the company’s stock were exchanged, compared to its average volume of 3,808,210. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 1.29. ConocoPhillips has a 12 month low of $95.70 and a 12 month high of $135.18. The stock has a market cap of $153.22 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 2.72 and a beta of 1.24. The company has a 50 day moving average of $122.49 and a 200 day moving average of $117.64.

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

ConocoPhillips Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 19th were given a $0.78 dividend. The ex-dividend date was Thursday, February 15th. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.58. This represents a $3.12 annualized dividend and a yield of 2.40%. ConocoPhillips’s dividend payout ratio (DPR) is currently 25.61%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Truist Financial dropped their price objective on ConocoPhillips from $173.00 to $170.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Susquehanna boosted their target price on ConocoPhillips from $133.00 to $154.00 and gave the stock a “positive” rating in a report on Monday, April 22nd. UBS Group boosted their target price on ConocoPhillips from $138.00 to $143.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Morgan Stanley upped their price objective on ConocoPhillips from $123.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Finally, Raymond James decreased their price objective on ConocoPhillips from $140.00 to $137.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 24th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, ConocoPhillips presently has a consensus rating of “Moderate Buy” and an average target price of $143.24.

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.