Accel Wealth Management Has $531,000 Holdings in ConocoPhillips (NYSE:COP)

Accel Wealth Management raised its position in shares of ConocoPhillips (NYSE:COP) by 45.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,358 shares of the energy producer’s stock after acquiring an additional 1,669 shares during the period. Accel Wealth Management’s holdings in ConocoPhillips were worth $531,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of COP. Pflug Koory LLC grew its position in ConocoPhillips by 2.3% during the 4th quarter. Pflug Koory LLC now owns 8,165 shares of the energy producer’s stock worth $810,000 after acquiring an additional 180 shares during the last quarter. Gradient Investments LLC boosted its stake in ConocoPhillips by 17.1% in the fourth quarter. Gradient Investments LLC now owns 236,549 shares of the energy producer’s stock worth $23,459,000 after purchasing an additional 34,577 shares in the last quarter. Curated Wealth Partners LLC grew its holdings in shares of ConocoPhillips by 10.6% during the fourth quarter. Curated Wealth Partners LLC now owns 15,367 shares of the energy producer’s stock worth $1,524,000 after purchasing an additional 1,478 shares during the last quarter. CX Institutional increased its stake in shares of ConocoPhillips by 19.5% in the fourth quarter. CX Institutional now owns 63,992 shares of the energy producer’s stock valued at $6,346,000 after buying an additional 10,445 shares in the last quarter. Finally, Encompass More Asset Management raised its holdings in shares of ConocoPhillips by 6.6% in the fourth quarter. Encompass More Asset Management now owns 5,484 shares of the energy producer’s stock valued at $544,000 after buying an additional 338 shares during the last quarter. Institutional investors own 82.36% of the company’s stock.

Insiders Place Their Bets

In related news, Director Arjun N. Murti purchased 2,500 shares of ConocoPhillips stock in a transaction dated Friday, December 20th. The stock was bought at an average price of $95.87 per share, for a total transaction 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 $2,061,205. This represents a 13.16 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director R A. Walker acquired 10,400 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 38,000 shares in the company, valued at $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.

Analyst Upgrades and Downgrades

COP has been the topic of a number of research analyst reports. Raymond James increased their price objective on shares of ConocoPhillips from $148.00 to $157.00 and gave the stock a “strong-buy” rating in a report on Thursday. Susquehanna increased their price target 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. Truist Financial boosted their price objective on shares of ConocoPhillips from $138.00 to $139.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Piper Sandler decreased their price objective on ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Finally, BMO Capital Markets boosted their target price on ConocoPhillips from $123.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, October 4th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $135.89.

ConocoPhillips Stock Performance

Shares of NYSE:COP opened at $101.88 on Friday. The company has a market capitalization of $117.26 billion, a price-to-earnings ratio of 12.11, a P/E/G ratio of 0.86 and a beta of 1.19. The firm’s 50 day simple moving average is $102.98 and its 200 day simple moving average is $107.13. 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 has a fifty-two week low of $94.23 and a fifty-two week high of $135.18.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, October 31st. The energy producer reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $13.97 billion. During the same period last year, the firm posted $2.16 earnings per share. The business’s quarterly revenue was down 8.5% compared to the same quarter last year. As a group, sell-side analysts forecast that ConocoPhillips will post 7.65 earnings per share for the current year.

ConocoPhillips Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 11th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.06%. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Friday, November 8th. ConocoPhillips’s payout ratio is presently 37.10%.

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.