ConocoPhillips (NYSE:COP) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its position in shares of ConocoPhillips (NYSE:COP) by 1.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 173,165 shares of the energy producer’s stock after selling 2,543 shares during the period. Yousif Capital Management LLC’s holdings in ConocoPhillips were worth $18,186,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Principle Wealth Partners LLC boosted its holdings in ConocoPhillips by 0.3% in the fourth quarter. Principle Wealth Partners LLC now owns 37,255 shares of the energy producer’s stock valued at $3,695,000 after acquiring an additional 100 shares during the last quarter. Arlington Trust Co LLC raised its position in shares of ConocoPhillips by 1.2% during the fourth quarter. Arlington Trust Co LLC now owns 8,640 shares of the energy producer’s stock worth $857,000 after purchasing an additional 102 shares during the period. Gray Wealth Management Inc. raised its position in shares of ConocoPhillips by 5.0% during the fourth quarter. Gray Wealth Management Inc. now owns 2,171 shares of the energy producer’s stock worth $215,000 after purchasing an additional 104 shares during the period. Plancorp LLC boosted its holdings in ConocoPhillips by 2.7% during the 4th quarter. Plancorp LLC now owns 4,018 shares of the energy producer’s stock worth $399,000 after acquiring an additional 104 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in ConocoPhillips by 3.7% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,912 shares of the energy producer’s stock worth $289,000 after acquiring an additional 105 shares during the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on COP. Royal Bank of Canada decreased their target price on ConocoPhillips from $120.00 to $115.00 and set an “outperform” rating for the company in a research report on Friday, May 30th. Piper Sandler cut their target price on ConocoPhillips from $114.00 to $107.00 and set an “overweight” rating for the company in a research note on Tuesday, May 13th. JPMorgan Chase & Co. lowered their price target on ConocoPhillips from $127.00 to $115.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Morgan Stanley raised their price objective on ConocoPhillips from $116.00 to $118.00 and gave the company an “overweight” rating in a report on Friday, May 9th. Finally, Raymond James reissued an “outperform” rating and set a $109.00 price objective (up from $103.00) on shares of ConocoPhillips in a report on Tuesday, May 20th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $121.63.

ConocoPhillips Price Performance

Shares of ConocoPhillips stock opened at $88.03 on Tuesday. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $118.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14. The stock has a market capitalization of $111.29 billion, a P/E ratio of 11.30, a PEG ratio of 0.79 and a beta of 0.61. The business has a 50 day simple moving average of $88.38 and a two-hundred day simple moving average of $96.15.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, May 8th. The energy producer reported $2.09 EPS for the quarter, topping the consensus estimate of $2.05 by $0.04. The business had revenue of $16.18 billion during the quarter, compared to analyst estimates of $15.74 billion. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. During the same period last year, the business posted $2.05 earnings per share. As a group, analysts predict that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date was Monday, May 19th. ConocoPhillips’s dividend payout ratio (DPR) is currently 39.64%.

About ConocoPhillips

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.