InvesTrust Makes New $297,000 Investment in ConocoPhillips (NYSE:COP)

InvesTrust acquired a new position in shares of ConocoPhillips (NYSE:COP) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,055 shares of the energy producer’s stock, valued at approximately $297,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of COP. Weaver Consulting Group grew its position in ConocoPhillips by 4.5% in the fourth quarter. Weaver Consulting Group now owns 3,216 shares of the energy producer’s stock worth $319,000 after acquiring an additional 138 shares in the last quarter. Range Financial Group LLC bought a new position in shares of ConocoPhillips in the fourth quarter valued at approximately $305,000. Rise Advisors LLC lifted its position in ConocoPhillips by 25.7% during the 4th quarter. Rise Advisors LLC now owns 821 shares of the energy producer’s stock worth $81,000 after acquiring an additional 168 shares during the last quarter. Regent Peak Wealth Advisors LLC bought a new stake in shares of ConocoPhillips in the fourth quarter valued at approximately $201,000. Finally, Diversified Trust Co grew its position in ConocoPhillips by 19.7% in the 4th quarter. Diversified Trust Co now owns 11,833 shares of the energy producer’s stock worth $1,173,000 after purchasing an additional 1,945 shares during the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Insider Buying and Selling at ConocoPhillips

In other news, Director Arjun N. Murti acquired 2,500 shares of ConocoPhillips stock in a transaction dated Friday, December 20th. The stock was bought at an average price of $95.87 per share, for a total transaction of $239,675.00. Following the completion of the acquisition, the director now directly owns 21,500 shares in the company, valued at approximately $2,061,205. The trade was a 13.16 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director R A. Walker bought 10,400 shares of the stock in a transaction dated Tuesday, December 17th. The shares were purchased at an average price of $97.80 per share, for a total transaction of $1,017,120.00. Following the purchase, the director now owns 38,000 shares of the company’s stock, valued at $3,716,400. This trade represents a 37.68 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.34% of the company’s stock.

ConocoPhillips Stock Down 0.4 %

ConocoPhillips stock traded down $0.40 during mid-day trading on Wednesday, reaching $101.27. The company’s stock had a trading volume of 2,477,855 shares, compared to its average volume of 4,839,321. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.16 and a current ratio of 1.30. ConocoPhillips has a 12 month low of $94.23 and a 12 month high of $135.18. The business’s 50 day simple moving average is $104.70 and its 200 day simple moving average is $107.97. The company has a market capitalization of $116.55 billion, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 0.83 and a beta of 1.19.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, October 31st. The energy producer reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.10. The company had revenue of $13.60 billion for the quarter, compared to analysts’ expectations of $13.97 billion. ConocoPhillips had a return on equity of 19.53% and a net margin of 17.29%. The business’s revenue was down 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.16 EPS. As a group, research analysts anticipate that ConocoPhillips will post 7.77 earnings per share for the current year.

ConocoPhillips Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 11th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend was Friday, November 8th. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.58. ConocoPhillips’s dividend payout ratio is 37.10%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on COP. Susquehanna upped their target price on ConocoPhillips from $144.00 to $148.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Mizuho upgraded ConocoPhillips from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $132.00 to $134.00 in a research note on Monday, December 16th. BMO Capital Markets upped their target price on shares of ConocoPhillips from $123.00 to $125.00 and gave the stock an “outperform” rating in a report on Friday, October 4th. Morgan Stanley assumed coverage on shares of ConocoPhillips in a report on Monday, December 16th. They set an “overweight” rating and a $128.00 price target for the company. Finally, Scotiabank dropped their price objective on shares of ConocoPhillips from $120.00 to $115.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $136.71.

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.