Leo Wealth LLC Invests $654,000 in ConocoPhillips (NYSE:COP)

Leo Wealth LLC acquired a new position in shares of ConocoPhillips (NYSE:COP) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,657 shares of the energy producer’s stock, valued at approximately $654,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of COP. Loomis Sayles & Co. L P raised its stake in ConocoPhillips by 460.2% during the third quarter. Loomis Sayles & Co. L P now owns 2,633 shares of the energy producer’s stock worth $315,000 after acquiring an additional 2,163 shares during the period. Wealthsource Partners LLC increased its stake in shares of ConocoPhillips by 2.1% in the third quarter. Wealthsource Partners LLC now owns 5,031 shares of the energy producer’s stock valued at $603,000 after purchasing an additional 105 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of ConocoPhillips in the third quarter valued at approximately $18,208,000. Envestnet Asset Management Inc. increased its stake in shares of ConocoPhillips by 28.5% in the third quarter. Envestnet Asset Management Inc. now owns 2,605,475 shares of the energy producer’s stock valued at $312,136,000 after purchasing an additional 578,264 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its stake in shares of ConocoPhillips by 39.2% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 280,288 shares of the energy producer’s stock valued at $33,579,000 after purchasing an additional 78,930 shares during the period. Institutional investors and hedge funds own 82.36% of the company’s stock.

Insider Activity at ConocoPhillips

In other ConocoPhillips news, CEO Ryan Michael Lance sold 607,000 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $125.91, for a total transaction of $76,427,370.00. Following the completion of the transaction, the chief executive officer now owns 6,780 shares of the company’s stock, valued at approximately $853,669.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other ConocoPhillips news, CEO Ryan Michael Lance sold 607,000 shares of the business’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $125.91, for a total transaction of $76,427,370.00. Following the completion of the transaction, the chief executive officer now owns 6,780 shares of the company’s stock, valued at approximately $853,669.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Nicholas G. Olds sold 12,150 shares of the business’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $126.44, for a total transaction of $1,536,246.00. Following the transaction, the executive vice president now directly owns 14,522 shares of the company’s stock, valued at approximately $1,836,161.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 664,350 shares of company stock valued at $83,537,680. Insiders own 0.34% of the company’s stock.

ConocoPhillips Trading Up 0.1 %

Shares of NYSE:COP opened at $109.54 on Tuesday. The firm has a fifty day moving average of $121.52 and a two-hundred day moving average of $117.60. The firm has a market capitalization of $128.11 billion, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 2.45 and a beta of 1.23. ConocoPhillips has a 12-month low of $99.35 and a 12-month high of $135.18. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.35.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, May 2nd. The energy producer reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.04. ConocoPhillips had a net margin of 18.40% and a return on equity of 20.85%. The business had revenue of $14.48 billion during the quarter, compared to analyst estimates of $14.72 billion. On average, equities analysts expect that ConocoPhillips will post 8.93 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 13th were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend was Friday, May 10th. ConocoPhillips’s payout ratio is presently 26.27%.

Analyst Upgrades and Downgrades

COP has been the subject of several recent analyst reports. Royal Bank of Canada increased their price objective on shares of ConocoPhillips from $135.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, May 15th. Morgan Stanley raised their target price on shares of ConocoPhillips from $123.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. StockNews.com upgraded shares of ConocoPhillips from a “hold” rating to a “buy” rating in a report on Wednesday, June 12th. Raymond James restated a “strong-buy” rating and set a $159.00 target price (up from $155.00) on shares of ConocoPhillips in a report on Thursday, May 30th. Finally, Barclays raised their target price on shares of ConocoPhillips from $158.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $144.18.

ConocoPhillips Company 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.