Fractal Investments LLC Grows Stock Holdings in ConocoPhillips (NYSE:COP)

Fractal Investments LLC lifted its holdings in ConocoPhillips (NYSE:COP) by 24.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,492 shares of the energy producer’s stock after acquiring an additional 892 shares during the period. Fractal Investments LLC’s holdings in ConocoPhillips were worth $445,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Klein Pavlis & Peasley Financial Inc. raised its position in ConocoPhillips by 5.6% in the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 21,326 shares of the energy producer’s stock valued at $2,115,000 after purchasing an additional 1,126 shares during the period. Silver Oak Securities Incorporated grew its stake in shares of ConocoPhillips by 17.5% in the fourth quarter. Silver Oak Securities Incorporated now owns 2,085 shares of the energy producer’s stock valued at $202,000 after buying an additional 311 shares in the last quarter. Financial Advocates Investment Management raised its holdings in shares of ConocoPhillips by 201.8% during the 4th quarter. Financial Advocates Investment Management now owns 11,573 shares of the energy producer’s stock valued at $1,148,000 after buying an additional 7,738 shares during the period. State of Alaska Department of Revenue lifted its position in ConocoPhillips by 11.3% during the 4th quarter. State of Alaska Department of Revenue now owns 253,986 shares of the energy producer’s stock worth $25,187,000 after acquiring an additional 25,761 shares in the last quarter. Finally, Caitlin John LLC boosted its holdings in ConocoPhillips by 600.6% in the 4th quarter. Caitlin John LLC now owns 1,191 shares of the energy producer’s stock worth $118,000 after acquiring an additional 1,021 shares during the period. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on COP shares. 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. Susquehanna upped their price objective on shares of ConocoPhillips from $144.00 to $148.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Truist Financial lifted their target price on ConocoPhillips from $138.00 to $139.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Scotiabank cut their price target on shares of ConocoPhillips from $120.00 to $115.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. raised shares of ConocoPhillips from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $120.00 to $123.00 in a report on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $135.89.

ConocoPhillips Price Performance

NYSE COP opened at $100.18 on Thursday. The stock has a market capitalization of $115.30 billion, a P/E ratio of 11.91, a P/E/G ratio of 0.76 and a beta of 1.18. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.16 and a current ratio of 1.30. The business’s fifty day moving average is $101.40 and its two-hundred day moving average is $106.32. ConocoPhillips has a 1 year low of $94.23 and a 1 year high of $135.18.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, beating the consensus estimate of $1.78 by $0.20. ConocoPhillips had a return on equity of 19.53% and a net margin of 17.29%. On average, research analysts forecast that ConocoPhillips will post 7.64 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 3.11%. ConocoPhillips’s dividend payout ratio (DPR) is currently 37.10%.

Insider Activity

In related news, Director R A. Walker purchased 10,400 shares of ConocoPhillips stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average cost of $97.80 per share, with a total value of $1,017,120.00. Following the completion of the transaction, the director now directly owns 38,000 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Arjun N. Murti bought 2,500 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were bought at an average cost of $95.87 per share, with a total value of $239,675.00. Following the purchase, the director now directly owns 21,500 shares in the company, valued at approximately $2,061,205. This trade 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 company insiders.

ConocoPhillips Company 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.