NEOS Investment Management LLC Buys 26,142 Shares of ConocoPhillips (NYSE:COP)

NEOS Investment Management LLC grew its stake in ConocoPhillips (NYSE:COP) by 47.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,240 shares of the energy producer’s stock after buying an additional 26,142 shares during the quarter. NEOS Investment Management LLC’s holdings in ConocoPhillips were worth $8,057,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in COP. Albion Financial Group UT increased its holdings in ConocoPhillips by 876.9% during the 4th quarter. Albion Financial Group UT now owns 254 shares of the energy producer’s stock worth $25,000 after purchasing an additional 228 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in shares of ConocoPhillips during the fourth quarter worth about $26,000. Centricity Wealth Management LLC bought a new position in shares of ConocoPhillips during the fourth quarter worth about $27,000. Truvestments Capital LLC acquired a new stake in ConocoPhillips in the 3rd quarter valued at approximately $31,000. Finally, Crowley Wealth Management Inc. acquired a new stake in ConocoPhillips in the 4th quarter valued at approximately $32,000. Institutional investors own 82.36% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on COP. Mizuho raised shares of ConocoPhillips from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $132.00 to $134.00 in a research report on Monday, December 16th. Barclays lowered their price target on shares of ConocoPhillips from $137.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. JPMorgan Chase & Co. reduced their price objective on shares of ConocoPhillips from $127.00 to $115.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Morgan Stanley assumed coverage on shares of ConocoPhillips in a research note on Monday, December 16th. They issued an “overweight” rating and a $128.00 target price for the company. Finally, Piper Sandler reduced 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. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $133.05.

ConocoPhillips Trading Up 0.6 %

Shares of NYSE:COP opened at $103.15 on Thursday. The business’s 50 day simple moving average is $99.08 and its 200 day simple moving average is $103.31. ConocoPhillips has a 1 year low of $86.81 and a 1 year high of $135.18. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14. The company has a market capitalization of $131.25 billion, a P/E ratio of 13.24, a P/E/G ratio of 0.79 and a beta of 1.12.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. On average, research analysts anticipate that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were paid a dividend of $0.78 per share. The ex-dividend date was Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a yield of 3.02%. ConocoPhillips’s payout ratio is 40.05%.

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.