Silver Oak Securities Incorporated Buys 311 Shares of ConocoPhillips (NYSE:COP)

Silver Oak Securities Incorporated grew its stake in ConocoPhillips (NYSE:COP) by 17.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,085 shares of the energy producer’s stock after purchasing an additional 311 shares during the quarter. Silver Oak Securities Incorporated’s holdings in ConocoPhillips were worth $202,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Financial Advocates Investment Management lifted its stake in ConocoPhillips by 201.8% during the 4th quarter. Financial Advocates Investment Management now owns 11,573 shares of the energy producer’s stock valued at $1,148,000 after acquiring an additional 7,738 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of ConocoPhillips by 11.3% during the fourth quarter. State of Alaska Department of Revenue now owns 253,986 shares of the energy producer’s stock valued at $25,187,000 after purchasing an additional 25,761 shares in the last quarter. Caitlin John LLC boosted its holdings in ConocoPhillips by 600.6% during the fourth quarter. Caitlin John LLC now owns 1,191 shares of the energy producer’s stock worth $118,000 after purchasing an additional 1,021 shares during the last quarter. Fruth Investment Management grew its position in ConocoPhillips by 94.8% in the 4th quarter. Fruth Investment Management now owns 28,275 shares of the energy producer’s stock worth $2,804,000 after purchasing an additional 13,763 shares in the last quarter. Finally, YANKCOM Partnership purchased a new stake in ConocoPhillips in the 4th quarter valued at about $378,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

ConocoPhillips Trading Down 1.6 %

NYSE:COP opened at $98.34 on Monday. ConocoPhillips has a 1 year low of $94.23 and a 1 year high of $135.18. The stock’s fifty day moving average price is $101.05 and its two-hundred day moving average price is $106.15. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.16. The company has a market cap of $113.18 billion, a P/E ratio of 12.62, a P/E/G ratio of 0.77 and a beta of 1.18.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. As a group, analysts expect that ConocoPhillips will post 8.3 EPS for the current year.

ConocoPhillips Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be given a $0.78 dividend. The ex-dividend date is Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.17%. ConocoPhillips’s dividend payout ratio (DPR) is currently 40.05%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on COP shares. Morgan Stanley began coverage on ConocoPhillips in a research note on Monday, December 16th. They issued an “overweight” rating and a $128.00 target price on the stock. Truist Financial boosted their price objective on ConocoPhillips from $138.00 to $139.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. TD Cowen began coverage on ConocoPhillips in a research report on Friday, January 17th. They set a “buy” rating and a $125.00 target price for the company. Barclays boosted their price target on shares of ConocoPhillips from $135.00 to $137.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. upgraded shares of ConocoPhillips from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $120.00 to $123.00 in a report on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $135.89.

Insider Activity at ConocoPhillips

In other ConocoPhillips news, Director R A. Walker acquired 10,400 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average price of $97.80 per share, with a total value of $1,017,120.00. Following the completion of the purchase, the director now owns 38,000 shares of the company’s stock, valued at approximately $3,716,400. This represents a 37.68 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Arjun N. Murti bought 2,500 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was acquired at an average price of $95.87 per share, for a total transaction of $239,675.00. Following the completion of the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. 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.