2,024 Shares in ConocoPhillips (NYSE:COP) Acquired by Regent Peak Wealth Advisors LLC

Regent Peak Wealth Advisors LLC purchased a new stake in ConocoPhillips (NYSE:COP) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 2,024 shares of the energy producer’s stock, valued at approximately $201,000.

Several other hedge funds have also made changes to their positions in the business. New Hampshire Trust grew its holdings in ConocoPhillips by 0.9% in the 4th quarter. New Hampshire Trust now owns 27,422 shares of the energy producer’s stock valued at $2,719,000 after buying an additional 257 shares during the period. Koshinski Asset Management Inc. boosted its position in shares of ConocoPhillips by 3.0% in the fourth quarter. Koshinski Asset Management Inc. now owns 19,855 shares of the energy producer’s stock worth $1,969,000 after acquiring an additional 581 shares during the last quarter. Gemmer Asset Management LLC grew its holdings in ConocoPhillips by 26.4% in the fourth quarter. Gemmer Asset Management LLC now owns 2,742 shares of the energy producer’s stock valued at $272,000 after purchasing an additional 572 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in ConocoPhillips by 8.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 52,982 shares of the energy producer’s stock worth $5,254,000 after purchasing an additional 4,225 shares during the last quarter. Finally, Baugh & Associates LLC raised its stake in ConocoPhillips by 16.2% during the fourth quarter. Baugh & Associates LLC now owns 49,839 shares of the energy producer’s stock worth $4,769,000 after purchasing an additional 6,956 shares during the period. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Stock Performance

ConocoPhillips stock opened at $105.76 on Tuesday. The company has a market cap of $121.72 billion, a PE ratio of 12.58, a P/E/G ratio of 0.88 and a beta of 1.19. ConocoPhillips has a 12 month low of $94.23 and a 12 month high of $135.18. The company has a fifty day moving average price of $103.79 and a two-hundred day moving average price of $107.37. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 1.16.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, October 31st. The energy producer reported $1.78 earnings per share 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 firm had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.97 billion. ConocoPhillips’s quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.16 earnings per share. Research analysts expect that ConocoPhillips will post 7.68 earnings per share for the current year.

ConocoPhillips Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 11th were issued a dividend of $0.78 per share. 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 payout ratio is 37.10%.

Analyst Ratings Changes

A number of research firms have recently commented on COP. Mizuho upgraded ConocoPhillips from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $132.00 to $134.00 in a report on Monday, December 16th. BMO Capital Markets boosted their target price on ConocoPhillips from $123.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Wells Fargo & Company cut their price target on shares of ConocoPhillips from $134.00 to $132.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Evercore ISI reaffirmed an “outperform” rating and set a $165.00 price target on shares of ConocoPhillips in a research report on Friday, December 6th. Finally, Susquehanna raised their target price on shares of ConocoPhillips from $144.00 to $148.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $136.00.

Insider Transactions at ConocoPhillips

In related news, Director R A. Walker purchased 10,400 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were bought at an average cost of $97.80 per share, for a total transaction of $1,017,120.00. Following the transaction, 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 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 completion of the acquisition, the director now directly owns 21,500 shares of the company’s stock, valued at approximately $2,061,205. This represents a 13.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.34% of the company’s stock.

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.