Community Bank & Trust Waco Texas boosted its position in shares of ConocoPhillips (NYSE:COP – Get Rating) by 9.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,642 shares of the energy producer’s stock after acquiring an additional 600 shares during the period. Community Bank & Trust Waco Texas’ holdings in ConocoPhillips were worth $664,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. AGF Investments LLC increased its position in ConocoPhillips by 79.6% during the first quarter. AGF Investments LLC now owns 905 shares of the energy producer’s stock worth $91,000 after acquiring an additional 401 shares during the period. AGF Investments Inc. increased its holdings in shares of ConocoPhillips by 4.6% during the 1st quarter. AGF Investments Inc. now owns 73,805 shares of the energy producer’s stock worth $7,381,000 after purchasing an additional 3,221 shares during the period. Strategic Wealth Advisors Group LLC raised its position in shares of ConocoPhillips by 13.8% during the first quarter. Strategic Wealth Advisors Group LLC now owns 17,548 shares of the energy producer’s stock valued at $1,761,000 after buying an additional 2,129 shares during the last quarter. PAX Financial Group LLC bought a new stake in shares of ConocoPhillips in the first quarter valued at about $202,000. Finally, Childress Capital Advisors LLC grew its position in ConocoPhillips by 10.4% during the first quarter. Childress Capital Advisors LLC now owns 157,820 shares of the energy producer’s stock worth $15,784,000 after buying an additional 14,855 shares in the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.
ConocoPhillips Stock Up 0.2 %
Shares of COP traded up $0.17 during midday trading on Wednesday, hitting $100.27. The stock had a trading volume of 171,984 shares, compared to its average volume of 6,411,183. ConocoPhillips has a twelve month low of $51.41 and a twelve month high of $124.08. The company has a 50 day simple moving average of $94.42 and a two-hundred day simple moving average of $97.95. The firm has a market cap of $129.69 billion, a price-to-earnings ratio of 8.27, a price-to-earnings-growth ratio of 0.33 and a beta of 1.38. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.54 and a quick ratio of 1.44.
ConocoPhillips Dividend Announcement
The firm also recently announced a None dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 29th will be issued a dividend of $1.40 per share. The ex-dividend date is Thursday, September 29th. ConocoPhillips’s payout ratio is 15.19%.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on COP shares. Bank of America raised ConocoPhillips from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $135.00 to $134.00 in a report on Tuesday, July 19th. Mizuho reduced their price objective on ConocoPhillips from $157.00 to $148.00 and set a “buy” rating on the stock in a research note on Tuesday, July 19th. MKM Partners reissued a “buy” rating and set a $110.00 price objective on shares of ConocoPhillips in a report on Wednesday, July 20th. Barclays raised their price target on ConocoPhillips from $132.00 to $142.00 and gave the company an “overweight” rating in a report on Tuesday, June 14th. Finally, Truist Financial dropped their price objective on ConocoPhillips from $126.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, July 13th. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, ConocoPhillips currently has an average rating of “Moderate Buy” and a consensus price target of $120.37.
In other ConocoPhillips news, CEO Ryan Michael Lance sold 584,900 shares of ConocoPhillips stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $121.21, for a total transaction of $70,895,729.00. Following the transaction, the chief executive officer now directly owns 44,522 shares of the company’s stock, valued at approximately $5,396,511.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other ConocoPhillips news, EVP Nicholas G. Olds sold 19,200 shares of the firm’s stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $110.51, for a total transaction of $2,121,792.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Michael Lance sold 584,900 shares of the company’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $121.21, for a total transaction of $70,895,729.00. Following the completion of the sale, the chief executive officer now directly owns 44,522 shares in the company, valued at $5,396,511.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 644,703 shares of company stock valued at $77,172,426. Insiders own 0.40% of the company’s stock.
ConocoPhillips Company Profile
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. It primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.
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