Newbridge Financial Services Group Inc. Sells 100 Shares of ConocoPhillips (NYSE:COP)

Newbridge Financial Services Group Inc. lowered its holdings in ConocoPhillips (NYSE:COP) by 27.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 270 shares of the energy producer’s stock after selling 100 shares during the period. Newbridge Financial Services Group Inc.’s holdings in ConocoPhillips were worth $31,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of COP. Price T Rowe Associates Inc. MD boosted its holdings in ConocoPhillips by 24.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,712,617 shares of the energy producer’s stock valued at $2,752,325,000 after purchasing an additional 4,726,952 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in ConocoPhillips by 512.8% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,737,026 shares of the energy producer’s stock valued at $433,757,000 after purchasing an additional 3,127,165 shares during the period. Alphinity Investment Management Pty Ltd boosted its holdings in ConocoPhillips by 78.2% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 4,611,763 shares of the energy producer’s stock valued at $535,287,000 after purchasing an additional 2,023,263 shares during the period. International Assets Investment Management LLC boosted its holdings in ConocoPhillips by 13,905.3% in the 4th quarter. International Assets Investment Management LLC now owns 1,114,261 shares of the energy producer’s stock valued at $129,332,000 after purchasing an additional 1,106,305 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in ConocoPhillips by 29.3% in the 4th quarter. Pacer Advisors Inc. now owns 3,422,834 shares of the energy producer’s stock valued at $397,288,000 after purchasing an additional 776,107 shares during the period. Institutional investors own 82.36% of the company’s stock.

Analyst Upgrades and Downgrades

COP has been the subject of a number of recent analyst reports. Bank of America reaffirmed a “buy” rating and set a $147.00 price target on shares of ConocoPhillips in a report on Friday, June 14th. Argus raised shares of ConocoPhillips to a “strong-buy” rating in a report on Friday, June 7th. Wells Fargo & Company upped their price target on shares of ConocoPhillips from $149.00 to $151.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Piper Sandler upped their price target on shares of ConocoPhillips from $145.00 to $157.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Finally, Morgan Stanley upped their price target on shares of ConocoPhillips from $123.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, ConocoPhillips currently has an average rating of “Moderate Buy” and a consensus price target of $144.18.

Insider Buying and Selling at ConocoPhillips

In other news, CFO William L. Jr. Bullock sold 45,200 shares of the stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $123.32, for a total transaction of $5,574,064.00. Following the completion of the sale, the chief financial officer now directly owns 44,153 shares in the company, valued at $5,444,947.96. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Ryan Michael Lance sold 607,000 shares of the 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 transaction, the chief executive officer now directly owns 6,780 shares of the company’s stock, valued at $853,669.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO William L. Jr. Bullock sold 45,200 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $123.32, for a total transaction of $5,574,064.00. Following the transaction, the chief financial officer now directly owns 44,153 shares in the company, valued at $5,444,947.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 664,350 shares of company stock worth $83,537,680. 0.34% of the stock is currently owned by company insiders.

ConocoPhillips Trading Down 0.1 %

Shares of NYSE COP opened at $109.41 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.21 and a current ratio of 1.35. ConocoPhillips has a 52-week low of $99.35 and a 52-week high of $135.18. The firm has a 50 day moving average price of $121.06 and a two-hundred day moving average price of $117.56. The stock has a market cap of $127.96 billion, a P/E ratio of 12.39, a price-to-earnings-growth ratio of 1.95 and a beta of 1.22.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results 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 firm had revenue of $14.48 billion during the quarter, compared to analysts’ expectations of $14.72 billion. As a group, equities analysts forecast that ConocoPhillips will post 8.91 EPS for the current year.

ConocoPhillips Dividend Announcement

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

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.