Aletheian Wealth Advisors LLC Purchases New Shares in ConocoPhillips (NYSE:COP)

Aletheian Wealth Advisors LLC acquired a new position in ConocoPhillips (NYSE:COP) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,592 shares of the energy producer’s stock, valued at approximately $203,000.

Other institutional investors have also recently bought and sold shares of the company. Orion Capital Management LLC bought a new stake in shares of ConocoPhillips in the third quarter valued at approximately $27,000. West Branch Capital LLC lifted its position in shares of ConocoPhillips by 87.8% during the 4th quarter. West Branch Capital LLC now owns 231 shares of the energy producer’s stock valued at $27,000 after acquiring an additional 108 shares during the period. Sachetta LLC acquired a new stake in shares of ConocoPhillips during the 4th quarter worth $27,000. Cooksen Wealth LLC bought a new position in shares of ConocoPhillips in the fourth quarter worth $27,000. Finally, Cape Investment Advisory Inc. raised its stake in ConocoPhillips by 96.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 247 shares of the energy producer’s stock valued at $29,000 after purchasing an additional 121 shares in the last quarter. Institutional investors own 82.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Raymond James reiterated a “strong-buy” rating and set a $159.00 price objective (up from $155.00) on shares of ConocoPhillips in a research note on Thursday, May 30th. Piper Sandler increased their price target on shares of ConocoPhillips from $145.00 to $157.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Susquehanna boosted their price objective on shares of ConocoPhillips from $133.00 to $154.00 and gave the company a “positive” rating in a research report on Monday, April 22nd. Truist Financial raised their target price on ConocoPhillips from $160.00 to $165.00 and gave the company a “buy” rating in a report on Monday, June 3rd. Finally, Bank of America reiterated a “buy” rating and issued a $147.00 price target on shares of ConocoPhillips in a research note on Friday, June 14th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, ConocoPhillips has an average rating of “Moderate Buy” and an average target price of $144.18.

ConocoPhillips Price Performance

COP stock opened at $114.96 on Wednesday. The company has a market capitalization of $134.45 billion, a P/E ratio of 13.02, a PEG ratio of 1.98 and a beta of 1.23. The company has a fifty day moving average price of $119.17 and a 200-day moving average price of $117.57. 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.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, May 2nd. The energy producer reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.04. The business had revenue of $14.48 billion during the quarter, compared to the consensus estimate of $14.72 billion. ConocoPhillips had a return on equity of 20.85% and a net margin of 18.40%. As a group, equities analysts expect that ConocoPhillips will post 8.89 EPS for the current year.

ConocoPhillips Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend was Friday, May 10th. ConocoPhillips’s dividend payout ratio is currently 26.27%.

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.