Walser Wealth Management Company A Ltd Liability Co Invests $1.09 Million in ConocoPhillips $COP

Walser Wealth Management Company A Ltd Liability Co purchased a new stake in ConocoPhillips (NYSE:COP) in the fourth quarter, HoldingsChannel reports. The firm purchased 11,690 shares of the energy producer’s stock, valued at approximately $1,094,000. ConocoPhillips comprises about 0.6% of Walser Wealth Management Company A Ltd Liability Co’s portfolio, making the stock its 26th largest position.

A number of other hedge funds have also modified their holdings of the company. Strive Asset Management LLC acquired a new stake in ConocoPhillips in the third quarter worth $28,000. Board of the Pension Protection Fund bought a new position in shares of ConocoPhillips during the fourth quarter worth $28,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of ConocoPhillips in the 3rd quarter valued at $28,000. Sfam LLC acquired a new position in shares of ConocoPhillips in the 4th quarter valued at $34,000. Finally, BNP Paribas bought a new stake in shares of ConocoPhillips in the 2nd quarter valued at $33,000. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on COP. Argus raised their price objective on ConocoPhillips from $128.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Piper Sandler boosted their target price on ConocoPhillips from $154.00 to $157.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Barclays increased their price target on ConocoPhillips from $136.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Sanford C. Bernstein raised their price target on ConocoPhillips from $98.00 to $121.00 and gave the stock an “outperform” rating in a research report on Monday, April 13th. Finally, Morgan Stanley lifted their price objective on ConocoPhillips from $149.00 to $153.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Seventeen equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $134.48.

Insider Activity

In other news, EVP Nicholas G. Olds sold 6,994 shares of the business’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $127.06, for a total value of $888,657.64. Following the sale, the executive vice president directly owned 5,395 shares in the company, valued at $685,488.70. The trade was a 56.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ryan Michael Lance sold 113,221 shares of the company’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $132.71, for a total value of $15,025,558.91. Following the transaction, the chief executive officer directly owned 350,000 shares of the company’s stock, valued at $46,448,500. This represents a 24.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 127,915 shares of company stock worth $16,915,448 over the last three months. Corporate insiders own 0.09% of the company’s stock.

Trending Headlines about ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: ConocoPhillips is advancing new upstream opportunities, including a reported gas development agreement in Syria and participation in offshore Block 3 exploration with TotalEnergies, QatarEnergy, and the Syrian Petroleum Company, which could add longer-term growth potential. ConocoPhillips (COP) Joins TotalEnergies And QatarEnergy For Mediterranean Block 3 Exploration
• Positive Sentiment: Analyst coverage remains constructive, with Morgan Stanley maintaining an Overweight rating and recent price targets generally above the current share price, suggesting Wall Street still sees upside. ConocoPhillips (COP) Stock Slides as Market Rises: Facts to Know Before You Trade
• Neutral Sentiment: Reports suggest ConocoPhillips remains focused on upstream production, reinforcing its core strategy, but this is not a near-term stock-moving catalyst by itself. ConocoPhillips Keeps Focus On Upstream Production
• Neutral Sentiment: Market commentary notes COP has been trading below some fair-value estimates after its recent decline, which may interest value investors but does not change the macro pressure on energy shares. A Look at ConocoPhillips (COP) After 3.1% Decline — GF Value $109.98 vs Price $107.74
• Negative Sentiment: Oil prices have fallen, and sector-wide weakness is dragging ConocoPhillips lower despite no major company-specific negative announcement, limiting near-term sentiment for the stock. ConocoPhillips Slides as Crude Prices Retreat and No New Company-Specific Catalyst Emerges

ConocoPhillips Stock Down 3.0%

Shares of COP stock opened at $107.92 on Friday. ConocoPhillips has a 12-month low of $85.57 and a 12-month high of $135.87. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.34. The firm has a fifty day moving average of $118.99 and a 200-day moving average of $111.27. The company has a market capitalization of $131.48 billion, a price-to-earnings ratio of 18.32, a P/E/G ratio of 1.23 and a beta of 0.11.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, April 30th. The energy producer reported $1.89 EPS for the quarter, beating the consensus estimate of $1.72 by $0.17. The business had revenue of $15.76 billion for the quarter, compared to analysts’ expectations of $15.62 billion. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The firm’s revenue was down 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.09 EPS. As a group, equities research analysts predict that ConocoPhillips will post 10.03 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 11th were paid a $0.84 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $3.36 annualized dividend and a dividend yield of 3.1%. ConocoPhillips’s dividend payout ratio (DPR) is currently 57.05%.

ConocoPhillips Profile

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.