ConocoPhillips (NYSE:COP) Holdings Raised by First National Trust Co

First National Trust Co boosted its stake in ConocoPhillips (NYSE:COP) by 4.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,129 shares of the energy producer’s stock after buying an additional 576 shares during the period. First National Trust Co’s holdings in ConocoPhillips were worth $1,756,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Alphinity Investment Management Pty Ltd bought a new position in shares of ConocoPhillips in the third quarter valued at $310,102,000. Capital Wealth Planning LLC lifted its holdings in shares of ConocoPhillips by 45,426.8% during the third quarter. Capital Wealth Planning LLC now owns 1,429,085 shares of the energy producer’s stock valued at $171,204,000 after purchasing an additional 1,425,946 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of 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. J.P. Morgan Private Wealth Advisors LLC purchased a new position in ConocoPhillips in the 3rd quarter worth about $99,676,000. Finally, Pacer Advisors Inc. raised its holdings in ConocoPhillips by 29.3% during the 4th quarter. Pacer Advisors Inc. now owns 3,422,834 shares of the energy producer’s stock worth $397,288,000 after buying an additional 776,107 shares during the period. Institutional investors and hedge funds own 82.36% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on COP. Barclays began coverage on shares of ConocoPhillips in a report on Wednesday, April 10th. They issued an “overweight” rating and a $158.00 target price for the company. Susquehanna lifted their price objective on shares of ConocoPhillips from $133.00 to $154.00 and gave the stock a “positive” rating in a research report on Monday, April 22nd. Wells Fargo & Company boosted their target price on shares of ConocoPhillips from $149.00 to $151.00 and gave the company an “overweight” rating in a research note on Friday. Truist Financial decreased their target price on ConocoPhillips from $170.00 to $160.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Finally, Morgan Stanley upped their price target on ConocoPhillips from $123.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, ConocoPhillips presently has an average rating of “Moderate Buy” and a consensus price target of $142.76.

ConocoPhillips Stock Down 0.0 %

Shares of COP traded down $0.02 during mid-day trading on Friday, hitting $122.23. 5,020,657 shares of the company’s stock were exchanged, compared to its average volume of 4,434,834. The stock has a market cap of $143.79 billion, a price-to-earnings ratio of 13.84, a P/E/G ratio of 2.68 and a beta of 1.25. The firm has a fifty day moving average of $123.85 and a two-hundred day moving average of $117.73. The company has a quick ratio of 1.29, a current ratio of 1.35 and a debt-to-equity ratio of 0.35. ConocoPhillips has a twelve month low of $95.81 and a twelve month high of $135.18.

ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, February 8th. The energy producer reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.32. The company had revenue of $15.31 billion for the quarter, compared to analyst estimates of $14.47 billion. ConocoPhillips had a return on equity of 20.85% and a net margin of 18.40%. During the same period last year, the company earned $2.71 earnings per share. On average, sell-side analysts forecast that ConocoPhillips will post 9.11 earnings per share for the current year.

ConocoPhillips Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 13th will be given a dividend of $0.78 per share. The ex-dividend date is Friday, May 10th. This represents a $3.12 dividend on an annualized basis and a yield of 2.55%. ConocoPhillips’s payout ratio is currently 26.27%.

Insider Buying and Selling at ConocoPhillips

In other news, SVP Heather G. Hrap sold 4,548 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $110.55, for a total value of $502,781.40. Following the completion of the sale, the senior vice president now directly owns 2,654 shares in the company, valued at $293,399.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Christopher P. Delk sold 8,505 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $112.06, for a total transaction of $953,070.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Heather G. Hrap sold 4,548 shares of ConocoPhillips stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $110.55, for a total value of $502,781.40. Following the completion of the transaction, the senior vice president now directly owns 2,654 shares in the company, valued at $293,399.70. The disclosure for this sale can be found here. Insiders have sold a total of 700,775 shares of company stock worth $87,615,169 over the last 90 days. Insiders own 0.34% of the company’s stock.

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.