Kanawha Capital Management LLC Sells 1,095 Shares of ConocoPhillips (NYSE:COP)

Kanawha Capital Management LLC decreased its position in shares of ConocoPhillips (NYSE:COP) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,971 shares of the energy producer’s stock after selling 1,095 shares during the period. Kanawha Capital Management LLC’s holdings in ConocoPhillips were worth $3,666,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Chevy Chase Trust Holdings LLC increased its position in ConocoPhillips by 7.9% during the 4th quarter. Chevy Chase Trust Holdings LLC now owns 746,965 shares of the energy producer’s stock worth $74,077,000 after buying an additional 54,440 shares during the period. Vicus Capital acquired a new stake in ConocoPhillips in the fourth quarter valued at about $215,000. V Square Quantitative Management LLC boosted its stake in ConocoPhillips by 33.7% in the fourth quarter. V Square Quantitative Management LLC now owns 16,779 shares of the energy producer’s stock valued at $1,664,000 after buying an additional 4,233 shares in the last quarter. CFC Planning Co LLC acquired a new stake in ConocoPhillips in the fourth quarter valued at about $1,904,000. Finally, Compagnie Lombard Odier SCmA boosted its stake in shares of ConocoPhillips by 509.9% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 2,287 shares of the energy producer’s stock valued at $227,000 after purchasing an additional 1,912 shares in the last quarter. Institutional investors own 82.36% of the company’s stock.

Wall Street Analyst Weigh In

COP has been the topic of a number of recent research reports. Truist Financial lifted their price target on ConocoPhillips from $138.00 to $139.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Evercore ISI reiterated an “outperform” rating and issued a $165.00 target price on shares of ConocoPhillips in a report on Friday, December 6th. Raymond James downgraded ConocoPhillips from a “strong-buy” rating to an “outperform” rating and lowered their target price for the stock from $157.00 to $124.00 in a report on Monday. Wells Fargo & Company lowered their target price on ConocoPhillips from $132.00 to $128.00 and set an “overweight” rating for the company in a report on Monday. Finally, Morgan Stanley initiated coverage on ConocoPhillips in a report on Monday, December 16th. They issued an “overweight” rating and a $128.00 target price for the company. 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $133.56.

Insiders Place Their Bets

In other news, Director Arjun N. Murti acquired 2,500 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was purchased at an average cost of $95.87 per share, for a total transaction of $239,675.00. Following the acquisition, the director now owns 21,500 shares of the company’s stock, valued at $2,061,205. This trade represents a 13.16 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director R A. Walker acquired 10,400 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was purchased at an average price of $97.80 per share, with a total value of $1,017,120.00. Following the completion of the acquisition, the director now directly owns 38,000 shares in the company, valued at approximately $3,716,400. This represents a 37.68 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.34% of the company’s stock.

ConocoPhillips Stock Down 1.5 %

Shares of NYSE COP opened at $96.90 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.16. ConocoPhillips has a one year low of $94.23 and a one year high of $135.18. The stock has a market capitalization of $111.52 billion, a PE ratio of 12.44, a P/E/G ratio of 0.77 and a beta of 1.18. The business’s fifty day moving average price is $100.73 and its 200-day moving average price is $105.91.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. On average, equities research analysts anticipate that ConocoPhillips will post 8.3 EPS for the current year.

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a yield of 3.22%. ConocoPhillips’s dividend payout ratio is currently 40.05%.

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.