Uhlmann Price Securities LLC Purchases New Stake in ConocoPhillips $COP

Uhlmann Price Securities LLC purchased a new stake in shares of ConocoPhillips (NYSE:COP) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,872 shares of the energy producer’s stock, valued at approximately $760,000.

Other institutional investors also recently bought and sold shares of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of ConocoPhillips in the 4th quarter valued at $25,000. KERR FINANCIAL PLANNING Corp purchased a new stake in ConocoPhillips during the 3rd quarter worth $28,000. Board of the Pension Protection Fund purchased a new stake in ConocoPhillips during the 4th quarter worth $28,000. Strive Asset Management LLC acquired a new stake in ConocoPhillips in the 3rd quarter valued at $28,000. Finally, BNP Paribas acquired a new stake in ConocoPhillips in the 2nd quarter valued at $33,000. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other ConocoPhillips news, CEO Ryan Michael Lance sold 113,221 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $132.71, for a total transaction of $15,025,558.91. Following the completion of the sale, the chief executive officer owned 350,000 shares in the company, valued at $46,448,500. This trade represents a 24.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kelly Brunetti Rose sold 7,700 shares of ConocoPhillips stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $130.03, for a total value of $1,001,231.00. Following the sale, the senior vice president owned 25,284 shares in the company, valued at $3,287,678.52. This represents a 23.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 127,915 shares of company stock worth $16,915,448. 0.09% of the stock is currently owned by corporate insiders.

ConocoPhillips Stock Performance

ConocoPhillips 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 debt-to-equity ratio of 0.34, a current ratio of 1.29 and a quick ratio of 1.14. The company has a market capitalization of $131.48 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 1.19 and a beta of 0.11. The firm’s fifty day moving average price is $118.65 and its 200 day moving average price is $111.25.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, April 30th. The energy producer reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.17. The company had revenue of $15.76 billion during 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 for the quarter was down 6.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.09 EPS. On average, research analysts forecast that ConocoPhillips will post 10.03 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

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

Wall Street Analyst Weigh In

COP has been the topic of several research reports. Wolfe Research raised their price objective on ConocoPhillips from $138.00 to $144.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Wall Street Zen raised ConocoPhillips from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Piper Sandler increased 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. Jefferies Financial Group raised their target price on ConocoPhillips from $160.00 to $161.00 and gave the company a “buy” rating in a report on Monday, May 18th. Finally, Scotiabank boosted their price target on ConocoPhillips from $100.00 to $125.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Seventeen investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, ConocoPhillips has an average rating of “Moderate Buy” and an average target price of $134.48.

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.