Cadinha & Co. LLC Has $670,000 Stock Position in ConocoPhillips (NYSE:COP)

Cadinha & Co. LLC increased its stake in shares of ConocoPhillips (NYSE:COP) by 18.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,360 shares of the energy producer’s stock after buying an additional 1,007 shares during the quarter. Cadinha & Co. LLC’s holdings in ConocoPhillips were worth $670,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Point72 Europe London LLP purchased a new stake in shares of ConocoPhillips in the 4th quarter valued at about $1,752,000. LM Advisors LLC bought a new stake in shares of ConocoPhillips in the 4th quarter worth $307,000. Chilton Investment Co. Inc. grew its holdings in shares of ConocoPhillips by 4.5% in the fourth quarter. Chilton Investment Co. Inc. now owns 3,536 shares of the energy producer’s stock worth $410,000 after acquiring an additional 152 shares during the period. Barden Capital Management Inc. grew its holdings in ConocoPhillips by 17.6% during the fourth quarter. Barden Capital Management Inc. now owns 12,401 shares of the energy producer’s stock valued at $1,475,000 after purchasing an additional 1,853 shares during the period. Finally, Bradley Foster & Sargent Inc. CT grew its holdings in ConocoPhillips by 3.3% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 590,744 shares of the energy producer’s stock valued at $68,568,000 after purchasing an additional 18,800 shares during the period. Institutional investors own 82.36% of the company’s stock.

Insiders Place Their Bets

In other news, Director Timothy A. Leach sold 55,500 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $108.11, for a total transaction of $6,000,105.00. Following the completion of the transaction, the director now directly owns 455,909 shares in the company, valued at approximately $49,288,321.99. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.34% of the company’s stock.

Analyst Upgrades and Downgrades

COP has been the topic of a number of research analyst reports. BMO Capital Markets boosted their target price on ConocoPhillips from $123.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Truist Financial cut their price target on ConocoPhillips from $145.00 to $138.00 and set a “buy” rating for the company in a research note on Monday, September 30th. Bank of America reiterated a “buy” rating and issued a $147.00 price objective on shares of ConocoPhillips in a report on Friday, June 14th. Mizuho cut their price objective on ConocoPhillips from $132.00 to $129.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. Finally, Susquehanna dropped their target price on ConocoPhillips from $154.00 to $147.00 and set a “positive” rating on the stock in a report on Wednesday, September 4th. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, ConocoPhillips has a consensus rating of “Moderate Buy” and an average target price of $138.29.

ConocoPhillips Price Performance

Shares of ConocoPhillips stock traded up $1.35 during mid-day trading on Thursday, reaching $112.32. 511,343 shares of the stock were exchanged, compared to its average volume of 5,926,808. The company has a market cap of $131.36 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 0.87 and a beta of 1.21. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 0.34. The firm has a 50-day simple moving average of $108.89 and a 200 day simple moving average of $115.76. ConocoPhillips has a fifty-two week low of $101.29 and a fifty-two week high of $135.18.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, August 1st. The energy producer reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.02. The business had revenue of $14.14 billion for the quarter, compared to analyst estimates of $14.96 billion. ConocoPhillips had a return on equity of 20.81% and a net margin of 18.18%. The firm’s revenue was up 9.7% on a year-over-year basis. During the same period last year, the company earned $1.84 EPS. On average, sell-side analysts predict that ConocoPhillips will post 8.02 EPS for the current fiscal year.

ConocoPhillips Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 12th were given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend was Monday, August 12th. 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.