ConocoPhillips (NYSE:COP) Shares Acquired by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC grew its stake in ConocoPhillips (NYSE:COP) by 7.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 173,233 shares of the energy producer’s stock after acquiring an additional 11,258 shares during the quarter. Mutual of America Capital Management LLC’s holdings in ConocoPhillips were worth $17,180,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Tower Bridge Advisors increased its stake in shares of ConocoPhillips by 1.8% in the 4th quarter. Tower Bridge Advisors now owns 7,611 shares of the energy producer’s stock worth $755,000 after acquiring an additional 132 shares during the last quarter. U S Global Investors Inc. increased its stake in shares of ConocoPhillips by 297.5% in the 4th quarter. U S Global Investors Inc. now owns 5,962 shares of the energy producer’s stock worth $591,000 after acquiring an additional 4,462 shares during the last quarter. Dynasty Wealth Management LLC increased its stake in shares of ConocoPhillips by 40.5% in the 4th quarter. Dynasty Wealth Management LLC now owns 14,164 shares of the energy producer’s stock worth $1,405,000 after acquiring an additional 4,082 shares during the last quarter. Private Trust Co. NA increased its stake in shares of ConocoPhillips by 10.8% in the 4th quarter. Private Trust Co. NA now owns 8,874 shares of the energy producer’s stock worth $880,000 after acquiring an additional 868 shares during the last quarter. Finally, Pettyjohn Wood & White Inc. increased its stake in shares of ConocoPhillips by 14.2% in the 4th quarter. Pettyjohn Wood & White Inc. now owns 2,663 shares of the energy producer’s stock worth $264,000 after acquiring an additional 331 shares during the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips Stock Performance

Shares of ConocoPhillips stock opened at $99.12 on Friday. The business has a 50-day moving average of $100.19 and a 200 day moving average of $105.08. ConocoPhillips has a 12 month low of $94.23 and a 12 month high of $135.18. The stock has a market capitalization of $126.12 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 0.79 and a beta of 1.18. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. As a group, sell-side analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Friday, February 14th. ConocoPhillips’s payout ratio is presently 40.05%.

Insider Activity

In related news, Director R A. Walker acquired 10,400 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average price of $97.80 per share, for a total transaction of $1,017,120.00. Following the purchase, the director now owns 38,000 shares of the company’s stock, valued at $3,716,400. This represents a 37.68 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Arjun N. Murti acquired 2,500 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was bought at an average price 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 position. The disclosure for this purchase can be found here. Company insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

COP has been the subject of a number of recent research reports. UBS Group cut their target price on ConocoPhillips from $140.00 to $137.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. JPMorgan Chase & Co. upgraded ConocoPhillips from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $120.00 to $123.00 in a report on Thursday, December 5th. Piper Sandler lowered their price target on ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. TD Cowen began coverage on ConocoPhillips in a report on Friday, January 17th. They set a “buy” rating and a $125.00 price target for the company. Finally, The Goldman Sachs Group set a $132.00 price target on ConocoPhillips in a report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, ConocoPhillips presently has an average rating of “Moderate Buy” and an average price target of $133.47.

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.