Uncommon Cents Investing LLC Sells 1,950 Shares of ConocoPhillips (NYSE:COP)

Uncommon Cents Investing LLC reduced its holdings in ConocoPhillips (NYSE:COP) by 3.5% during the 4th quarter, Holdings Channel reports. The fund owned 53,055 shares of the energy producer’s stock after selling 1,950 shares during the quarter. ConocoPhillips makes up approximately 1.6% of Uncommon Cents Investing LLC’s portfolio, making the stock its 11th biggest position. Uncommon Cents Investing LLC’s holdings in ConocoPhillips were worth $5,261,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of COP. Community Bank of Raymore grew its holdings in shares of ConocoPhillips by 12.5% during the fourth quarter. Community Bank of Raymore now owns 14,550 shares of the energy producer’s stock worth $1,443,000 after purchasing an additional 1,611 shares during the last quarter. Trueblood Wealth Management LLC lifted its position in ConocoPhillips by 237.3% during the 4th quarter. Trueblood Wealth Management LLC now owns 8,533 shares of the energy producer’s stock worth $846,000 after buying an additional 6,003 shares in the last quarter. Diversify Advisory Services LLC grew its holdings in ConocoPhillips by 0.9% during the 4th quarter. Diversify Advisory Services LLC now owns 23,796 shares of the energy producer’s stock worth $2,425,000 after acquiring an additional 209 shares during the last quarter. Diversify Wealth Management LLC increased its position in ConocoPhillips by 42.9% in the 4th quarter. Diversify Wealth Management LLC now owns 4,437 shares of the energy producer’s stock valued at $452,000 after acquiring an additional 1,331 shares in the last quarter. Finally, Gilman Hill Asset Management LLC bought a new position in shares of ConocoPhillips in the fourth quarter worth about $217,000. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips Price Performance

Shares of COP opened at $105.76 on Monday. 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 firm has a market capitalization of $121.72 billion, a PE ratio of 12.58, a P/E/G ratio of 0.81 and a beta of 1.19. The stock has a 50 day simple moving average of $103.79 and a 200 day simple moving average of $107.43. ConocoPhillips has a 52-week low of $94.23 and a 52-week high of $135.18.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, October 31st. The energy producer reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.10. ConocoPhillips had a net margin of 17.29% and a return on equity of 19.53%. The company had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.97 billion. The firm’s revenue was down 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.16 earnings per share. Sell-side analysts predict that ConocoPhillips will post 7.7 EPS for the current fiscal year.

ConocoPhillips Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 11th were paid a $0.78 dividend. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.58. The ex-dividend date was Friday, November 8th. This represents a $3.12 annualized dividend and a dividend yield of 2.95%. ConocoPhillips’s dividend payout ratio (DPR) is currently 37.10%.

Analyst Ratings Changes

Several analysts have recently commented on COP shares. Evercore ISI reissued an “outperform” rating and set a $165.00 price target on shares of ConocoPhillips in a research note on Friday, December 6th. TD Cowen started coverage on ConocoPhillips in a research note on Friday. They issued a “buy” rating and a $125.00 target price for the company. BMO Capital Markets upped their price target on ConocoPhillips from $123.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Scotiabank lowered their price objective on ConocoPhillips from $120.00 to $115.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Finally, Piper Sandler cut their target price on shares of ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, ConocoPhillips presently has an average rating of “Buy” and an average price target of $136.00.

Insider Activity

In other ConocoPhillips news, Director R A. Walker acquired 10,400 shares of ConocoPhillips stock in a transaction dated Tuesday, December 17th. The stock was bought at an average cost of $97.80 per share, for a total transaction of $1,017,120.00. Following the purchase, 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 purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Arjun N. Murti bought 2,500 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was bought at an average cost of $95.87 per share, for a total transaction of $239,675.00. Following the transaction, the director now owns 21,500 shares of the company’s stock, valued at $2,061,205. The trade was a 13.16 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.34% of the company’s stock.

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.