Sivia Capital Partners LLC Takes Position in ConocoPhillips (NYSE:COP)

Sivia Capital Partners LLC purchased a new stake in shares of ConocoPhillips (NYSE:COP) during the fourth quarter, Holdings Channel.com reports. The firm purchased 1,953 shares of the energy producer’s stock, valued at approximately $227,000.

A number of other large investors have also made changes to their positions in COP. Orion Capital Management LLC acquired a new stake in shares of ConocoPhillips during the third quarter valued at approximately $27,000. West Branch Capital LLC raised its holdings in shares of ConocoPhillips by 87.8% during the fourth quarter. West Branch Capital LLC now owns 231 shares of the energy producer’s stock valued at $27,000 after acquiring an additional 108 shares during the period. Sachetta LLC acquired a new stake in shares of ConocoPhillips during the fourth quarter valued at approximately $27,000. Cape Investment Advisory Inc. raised its holdings in shares of ConocoPhillips by 96.0% during the fourth quarter. Cape Investment Advisory Inc. now owns 247 shares of the energy producer’s stock valued at $29,000 after acquiring an additional 121 shares during the period. Finally, Northwest Bank & Trust Co acquired a new stake in shares of ConocoPhillips during the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Mizuho lowered their price objective on shares of ConocoPhillips from $142.00 to $132.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 5th. Piper Sandler boosted their price objective on shares of ConocoPhillips from $145.00 to $157.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Argus raised shares of ConocoPhillips to a “strong-buy” rating in a research report on Friday, June 7th. Morgan Stanley boosted their price objective on shares of ConocoPhillips from $123.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Finally, StockNews.com raised shares of ConocoPhillips from a “hold” rating to a “buy” rating in a research report on Wednesday, June 12th. Four research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.18.

Insider Buying and Selling

In related news, CEO Ryan Michael Lance sold 607,000 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $125.91, for a total transaction of $76,427,370.00. Following the completion of the transaction, the chief executive officer now directly owns 6,780 shares in the company, valued at approximately $853,669.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Nicholas G. Olds sold 12,150 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $126.44, for a total transaction 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 approximately $1,836,161.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ryan Michael Lance sold 607,000 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $125.91, for a total transaction of $76,427,370.00. Following the transaction, the chief executive officer now owns 6,780 shares of the company’s stock, valued at $853,669.80. The disclosure for this sale can be found here. In the last three months, insiders sold 664,350 shares of company stock valued at $83,537,680. Company insiders own 0.34% of the company’s stock.

ConocoPhillips Price Performance

NYSE COP opened at $109.54 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.35. The company has a fifty day simple moving average of $121.52 and a 200 day simple moving average of $117.60. The company has a market cap of $128.11 billion, a P/E ratio of 12.41, a P/E/G ratio of 2.45 and a beta of 1.23. ConocoPhillips has a 1 year low of $99.35 and a 1 year high of $135.18.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, May 2nd. The energy producer reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.04. The business had revenue of $14.48 billion during the quarter, compared to the consensus estimate of $14.72 billion. ConocoPhillips had a net margin of 18.40% and a return on equity of 20.85%. On average, sell-side analysts predict that ConocoPhillips will post 8.93 EPS for the current year.

ConocoPhillips Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 13th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.85%. The ex-dividend date was Friday, May 10th. ConocoPhillips’s dividend payout ratio is currently 26.27%.

ConocoPhillips 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.