AHL Investment Management Inc. Has $482,000 Stake in ConocoPhillips (NYSE:COP)

AHL Investment Management Inc. increased its position in ConocoPhillips (NYSE:COP) by 104.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,582 shares of the energy producer’s stock after buying an additional 2,345 shares during the quarter. AHL Investment Management Inc.’s holdings in ConocoPhillips were worth $482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. increased its position in ConocoPhillips by 23.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 8,129 shares of the energy producer’s stock valued at $1,035,000 after purchasing an additional 1,557 shares during the period. SPC Financial Inc. increased its position in shares of ConocoPhillips by 6.6% during the first quarter. SPC Financial Inc. now owns 3,227 shares of the energy producer’s stock worth $411,000 after buying an additional 200 shares during the period. Broderick Brian C increased its position in shares of ConocoPhillips by 23.5% during the first quarter. Broderick Brian C now owns 5,150 shares of the energy producer’s stock worth $655,000 after buying an additional 981 shares during the period. Flossbach Von Storch AG raised its stake in ConocoPhillips by 2.3% during the first quarter. Flossbach Von Storch AG now owns 237,448 shares of the energy producer’s stock worth $30,222,000 after buying an additional 5,406 shares during the last quarter. Finally, Advisory Alpha LLC boosted its position in ConocoPhillips by 1.2% during the first quarter. Advisory Alpha LLC now owns 8,598 shares of the energy producer’s stock valued at $1,094,000 after acquiring an additional 100 shares during the last quarter. 82.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on COP shares. Barclays lifted their price objective on ConocoPhillips from $135.00 to $137.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Truist Financial lowered their target price on ConocoPhillips from $145.00 to $138.00 and set a “buy” rating for the company in a report on Monday, September 30th. StockNews.com cut ConocoPhillips from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. BMO Capital Markets lifted their price objective on shares of ConocoPhillips from $123.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Finally, Wells Fargo & Company reissued a “sector perform” rating on shares of ConocoPhillips in a research note on Friday, October 18th. Six equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $137.47.

ConocoPhillips Trading Up 0.3 %

Shares of ConocoPhillips stock opened at $109.22 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 1.16 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $125.70 billion, a P/E ratio of 12.99, a price-to-earnings-growth ratio of 0.88 and a beta of 1.21. The stock has a fifty day simple moving average of $107.78 and a 200 day simple moving average of $112.52. ConocoPhillips has a 12-month low of $101.29 and a 12-month high of $135.18.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, October 31st. The energy producer reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.10. ConocoPhillips had a return on equity of 19.53% and a net margin of 17.29%. The company had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.97 billion. During the same period in the prior year, the company posted $2.16 earnings per share. ConocoPhillips’s quarterly revenue was down 8.5% on a year-over-year basis. On average, sell-side analysts anticipate that ConocoPhillips will post 7.78 earnings per share for the current fiscal year.

ConocoPhillips Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 11th will be given a dividend of $0.78 per share. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.58. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Friday, November 8th. ConocoPhillips’s dividend payout ratio is currently 27.59%.

Insider Buying and Selling at ConocoPhillips

In other news, Director Timothy A. Leach sold 55,500 shares of ConocoPhillips stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $108.11, for a total value of $6,000,105.00. Following the completion of the transaction, the director now owns 455,909 shares in the company, valued at $49,288,321.99. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is owned by corporate insiders.

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.