Northwestern Mutual Wealth Management Co. Purchases 8,042 Shares of ConocoPhillips $COP

Northwestern Mutual Wealth Management Co. increased its position in shares of ConocoPhillips (NYSE:COP) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 530,561 shares of the energy producer’s stock after purchasing an additional 8,042 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in ConocoPhillips were worth $49,666,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cloud Capital Management LLC bought a new stake in shares of ConocoPhillips during the 3rd quarter valued at $26,000. Strive Asset Management LLC bought a new stake in shares of ConocoPhillips during the 3rd quarter valued at $28,000. Board of the Pension Protection Fund bought a new stake in shares of ConocoPhillips during the 4th quarter valued at $28,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of ConocoPhillips during the 3rd quarter valued at $28,000. Finally, Optima Capital LLC bought a new stake in shares of ConocoPhillips during the 4th quarter valued at $34,000. 82.36% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other ConocoPhillips news, SVP Kelly Brunetti Rose sold 8,500 shares of ConocoPhillips stock in a transaction on Monday, March 9th. The shares were sold at an average price of $118.04, for a total value of $1,003,340.00. Following the completion of the transaction, the senior vice president directly owned 32,984 shares of the company’s stock, valued at $3,893,431.36. This trade represents a 20.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ryan Michael Lance sold 506,800 shares of ConocoPhillips stock in a transaction on Friday, March 20th. The stock was sold at an average price of $127.26, for a total transaction of $64,495,368.00. Following the completion of the transaction, the chief executive officer directly owned 6,835 shares of the company’s stock, valued at $869,822.10. The trade was a 98.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 734,891 shares of company stock worth $93,345,692. Insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on COP shares. Wolfe Research raised their price objective on shares of ConocoPhillips from $138.00 to $144.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Piper Sandler lifted their price target on shares of ConocoPhillips from $154.00 to $157.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Zacks Research downgraded shares of ConocoPhillips from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Jefferies Financial Group lifted their price target on shares of ConocoPhillips from $160.00 to $161.00 and gave the company a “buy” rating in a report on Monday, May 18th. Finally, Morgan Stanley lifted their price target on shares of ConocoPhillips from $149.00 to $153.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Seventeen analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.60.

ConocoPhillips Stock Performance

Shares of NYSE COP opened at $114.01 on Friday. ConocoPhillips has a 52-week low of $84.33 and a 52-week high of $135.87. The company has a market cap of $138.90 billion, a P/E ratio of 19.36, a P/E/G ratio of 1.28 and a beta of 0.14. The firm’s fifty day moving average is $123.09 and its two-hundred day moving average is $108.46. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.14 and a current ratio of 1.29.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, April 30th. The energy producer reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.17. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The business had revenue of $15.76 billion during the quarter, compared to analysts’ expectations of $15.62 billion. During the same period last year, the company posted $2.09 EPS. The business’s revenue was down 6.1% on a year-over-year basis. As a group, analysts anticipate that ConocoPhillips will post 9.92 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 11th will be paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, May 11th. ConocoPhillips’s dividend payout ratio (DPR) is presently 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.