Pine Valley Investments Ltd Liability Co Has $845,000 Holdings in ConocoPhillips (NYSE:COP)

Pine Valley Investments Ltd Liability Co grew its position in ConocoPhillips (NYSE:COP) by 9.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 8,525 shares of the energy producer’s stock after acquiring an additional 758 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in ConocoPhillips were worth $845,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of COP. AMF Tjanstepension AB increased its holdings in shares of ConocoPhillips by 4.7% during the 3rd quarter. AMF Tjanstepension AB now owns 1,163,724 shares of the energy producer’s stock valued at $122,628,000 after acquiring an additional 52,334 shares during the last quarter. TCI Wealth Advisors Inc. acquired a new position in shares of ConocoPhillips during the 3rd quarter valued at about $200,000. Nisa Investment Advisors LLC increased its holdings in shares of ConocoPhillips by 10.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 438,032 shares of the energy producer’s stock valued at $46,116,000 after acquiring an additional 43,006 shares during the last quarter. Orrstown Financial Services Inc. acquired a new position in shares of ConocoPhillips during the 3rd quarter valued at about $342,000. Finally, Pallas Capital Advisors LLC increased its holdings in shares of ConocoPhillips by 27.8% during the 3rd quarter. Pallas Capital Advisors LLC now owns 7,325 shares of the energy producer’s stock valued at $765,000 after acquiring an additional 1,594 shares during the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips Stock Down 1.9 %

NYSE COP opened at $96.99 on Wednesday. The stock has a fifty day moving average of $100.07 and a 200-day moving average of $105.28. The stock has a market capitalization of $123.41 billion, a P/E ratio of 12.45, a price-to-earnings-growth ratio of 0.79 and a beta of 1.18. ConocoPhillips has a 52 week low of $94.23 and a 52 week high of $135.18. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29.

ConocoPhillips (NYSE:COP) last released 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 17.26% and a net margin of 16.23%. On average, equities research analysts forecast that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be paid a dividend of $0.78 per share. The ex-dividend date is Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.22%. ConocoPhillips’s dividend payout ratio (DPR) is presently 40.05%.

Insider Buying and Selling

In related news, Director Arjun N. Murti acquired 2,500 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was acquired at an average cost of $95.87 per share, with a total value of $239,675.00. Following the completion of 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director R A. Walker acquired 10,400 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were bought at an average cost of $97.80 per share, with a total value of $1,017,120.00. Following the completion of the purchase, the director now 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 disclosure for this purchase can be found here. 0.34% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Susquehanna raised their target price on ConocoPhillips from $144.00 to $148.00 and gave the company a “positive” rating in a report on Friday, November 1st. TD Cowen assumed coverage on ConocoPhillips in a report on Friday, January 17th. They issued a “buy” rating and a $125.00 target price on the stock. JPMorgan Chase & Co. raised ConocoPhillips from a “neutral” rating to an “overweight” rating and raised their target price for the company from $120.00 to $123.00 in a report on Thursday, December 5th. Barclays lowered their target price on ConocoPhillips from $137.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Finally, Piper Sandler lowered their target price on ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $133.47.

About ConocoPhillips

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.