Unified Investment Management acquired a new stake in shares of ConocoPhillips (NYSE:COP - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,176 shares of the energy producer's stock, valued at approximately $613,000.
Several other hedge funds also recently added to or reduced their stakes in the stock. Albion Financial Group UT grew its position in shares of ConocoPhillips by 876.9% during the 4th quarter. Albion Financial Group UT now owns 254 shares of the energy producer's stock valued at $25,000 after buying an additional 228 shares during the last quarter. Centricity Wealth Management LLC acquired a new stake in shares of ConocoPhillips during the fourth quarter worth $27,000. Truvestments Capital LLC acquired a new position in shares of ConocoPhillips in the third quarter worth about $31,000. RPg Family Wealth Advisory LLC purchased a new stake in ConocoPhillips in the 3rd quarter worth about $35,000. Finally, Marshall Investment Management LLC purchased a new stake in shares of ConocoPhillips during the fourth quarter worth $36,000. 82.36% of the stock is owned by institutional investors and hedge funds.
In other news, Director R A. Walker bought 10,400 shares of the stock in a transaction on Tuesday, December 17th. The stock was purchased at an average price of $97.80 per share, for a total transaction of $1,017,120.00. Following the acquisition, the director now owns 38,000 shares in the company, valued at approximately $3,716,400. This trade represents a 37.68 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Arjun N. Murti purchased 2,500 shares of the business's stock in a transaction dated Friday, December 20th. The stock was purchased at an average price of $95.87 per share, for a total transaction of $239,675.00. Following the completion of the acquisition, the director now owns 21,500 shares of the company's stock, valued at approximately $2,061,205. This represents a 13.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.34% of the stock is owned by corporate insiders.
COP opened at $99.12 on Monday. The firm has a market cap of $126.12 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 0.79 and a beta of 1.18. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29. The firm's 50-day simple moving average is $100.19 and its 200-day simple moving average is $105.03. ConocoPhillips has a twelve month low of $94.23 and a twelve month high of $135.18.
ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. Equities research analysts anticipate that ConocoPhillips will post 8.16 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend is Friday, February 14th. ConocoPhillips's dividend payout ratio (DPR) is currently 40.05%.
Several research analysts have weighed in on COP shares. Mizuho raised ConocoPhillips from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $132.00 to $134.00 in a research report on Monday, December 16th. Evercore ISI reaffirmed an "outperform" rating and set a $165.00 price objective on shares of ConocoPhillips in a research report on Friday, December 6th. Barclays cut their price target on shares of ConocoPhillips from $137.00 to $135.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Morgan Stanley initiated coverage on shares of ConocoPhillips in a research report on Monday, December 16th. They set an "overweight" rating and a $128.00 target price on the stock. Finally, The Goldman Sachs Group set a $132.00 price target on ConocoPhillips in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $133.47.
View Our Latest Analysis on COP
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.
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