Hills Bank & Trust Co Sells 99 Shares of ConocoPhillips (NYSE:COP)

Hills Bank & Trust Co lowered its stake in shares of ConocoPhillips (NYSE:COP) by 2.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,275 shares of the energy producer’s stock after selling 99 shares during the period. Hills Bank & Trust Co’s holdings in ConocoPhillips were worth $496,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the company. Sloy Dahl & Holst LLC raised its stake in shares of ConocoPhillips by 3.3% in the third quarter. Sloy Dahl & Holst LLC now owns 2,629 shares of the energy producer’s stock valued at $315,000 after purchasing an additional 85 shares in the last quarter. KLCM Advisors Inc. raised its stake in shares of ConocoPhillips by 2.8% in the 3rd quarter. KLCM Advisors Inc. now owns 3,305 shares of the energy producer’s stock valued at $396,000 after buying an additional 89 shares in the last quarter. Evergreen Capital Management LLC lifted its holdings in shares of ConocoPhillips by 0.5% during the 3rd quarter. Evergreen Capital Management LLC now owns 18,944 shares of the energy producer’s stock worth $2,270,000 after acquiring an additional 89 shares during the period. Endowment Wealth Management Inc. boosted its position in shares of ConocoPhillips by 4.6% during the 3rd quarter. Endowment Wealth Management Inc. now owns 2,055 shares of the energy producer’s stock valued at $246,000 after acquiring an additional 90 shares in the last quarter. Finally, Your Advocates Ltd. LLP increased its stake in ConocoPhillips by 2.9% in the third quarter. Your Advocates Ltd. LLP now owns 3,340 shares of the energy producer’s stock valued at $400,000 after acquiring an additional 93 shares during the period. Institutional investors own 82.36% of the company’s stock.

Insider Activity at ConocoPhillips

In related news, EVP Nicholas G. Olds sold 12,150 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $126.44, for a total transaction of $1,536,246.00. Following the completion of the transaction, the executive vice president now directly owns 14,522 shares of the company’s stock, valued at $1,836,161.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Christopher P. Delk sold 8,505 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $112.06, for a total value of $953,070.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Nicholas G. Olds sold 12,150 shares of ConocoPhillips stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $126.44, for a total value of $1,536,246.00. Following the transaction, the executive vice president now owns 14,522 shares of the company’s stock, valued at approximately $1,836,161.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 700,775 shares of company stock valued at $87,615,169. Corporate insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

COP has been the topic of a number of recent research reports. Piper Sandler lifted their price objective on ConocoPhillips from $145.00 to $157.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Mizuho reaffirmed a “neutral” rating and issued a $139.00 price target (up previously from $132.00) on shares of ConocoPhillips in a research note on Friday, March 22nd. Wells Fargo & Company increased their price objective on ConocoPhillips from $149.00 to $151.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Scotiabank boosted their target price on shares of ConocoPhillips from $120.00 to $135.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Finally, Raymond James dropped their target price on shares of ConocoPhillips from $140.00 to $137.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 24th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $142.76.

ConocoPhillips Stock Up 0.3 %

COP stock traded up $0.37 during trading hours on Thursday, reaching $123.43. 5,430,489 shares of the stock were exchanged, compared to its average volume of 5,355,957. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.35 and a quick ratio of 1.21. The company has a market cap of $144.36 billion, a price-to-earnings ratio of 13.97, a PEG ratio of 2.69 and a beta of 1.25. The firm’s 50-day moving average is $124.53 and its 200-day moving average is $117.63. ConocoPhillips has a 12 month low of $97.42 and a 12 month high of $135.18.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, February 8th. The energy producer reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.32. The business 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 quarter last year, the firm earned $2.71 EPS. On average, equities research analysts expect that ConocoPhillips will post 9.1 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 13th will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Friday, May 10th. ConocoPhillips’s dividend payout ratio is presently 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.