ConocoPhillips (NYSE:COP) Shares Bought by Foster Group Inc.

Foster Group Inc. raised its position in ConocoPhillips (NYSE:COP) by 2.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,042 shares of the energy producer’s stock after buying an additional 415 shares during the period. Foster Group Inc.’s holdings in ConocoPhillips were worth $2,077,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Trust Co. of Toledo NA OH boosted its holdings in ConocoPhillips by 4.4% in the 2nd quarter. Trust Co. of Toledo NA OH now owns 8,924 shares of the energy producer’s stock worth $925,000 after buying an additional 379 shares during the last quarter. Appleton Partners Inc. MA boosted its holdings in ConocoPhillips by 7.5% in the 2nd quarter. Appleton Partners Inc. MA now owns 2,310 shares of the energy producer’s stock worth $239,000 after buying an additional 162 shares during the last quarter. OneAscent Financial Services LLC lifted its stake in ConocoPhillips by 47.4% in the 2nd quarter. OneAscent Financial Services LLC now owns 4,099 shares of the energy producer’s stock worth $425,000 after purchasing an additional 1,318 shares in the last quarter. Moody National Bank Trust Division lifted its stake in ConocoPhillips by 0.6% in the 2nd quarter. Moody National Bank Trust Division now owns 23,360 shares of the energy producer’s stock worth $2,420,000 after purchasing an additional 145 shares in the last quarter. Finally, Cooper Financial Group purchased a new position in ConocoPhillips in the 2nd quarter worth approximately $205,000. 80.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Trading Down 0.7 %

ConocoPhillips stock traded down $0.93 during trading on Friday, hitting $123.57. The company had a trading volume of 12,440,960 shares, compared to its average volume of 3,823,348. ConocoPhillips has a 1-year low of $91.53 and a 1-year high of $138.49. The company has a current ratio of 1.41, a quick ratio of 1.28 and a debt-to-equity ratio of 0.33. The company’s 50 day simple moving average is $115.81 and its 200-day simple moving average is $107.09. The stock has a market cap of $147.97 billion, a price-to-earnings ratio of 11.90, a price-to-earnings-growth ratio of 0.78 and a beta of 1.30.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, August 3rd. The energy producer reported $1.84 EPS for the quarter, missing the consensus estimate of $1.94 by ($0.10). The business had revenue of $12.88 billion during the quarter, compared to analyst estimates of $14.64 billion. ConocoPhillips had a return on equity of 27.27% and a net margin of 18.66%. During the same quarter last year, the firm earned $3.91 EPS. As a group, analysts expect that ConocoPhillips will post 8.74 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Wednesday, August 16th were paid a $0.51 dividend. The ex-dividend date was Wednesday, September 27th. This represents a $2.04 annualized dividend and a dividend yield of 1.65%. ConocoPhillips’s dividend payout ratio (DPR) is 19.65%.

Analysts Set New Price Targets

A number of research analysts have weighed in on COP shares. StockNews.com started coverage on shares of ConocoPhillips in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Truist Financial raised their target price on shares of ConocoPhillips from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Wolfe Research raised shares of ConocoPhillips from a “peer perform” rating to an “outperform” rating and set a $120.00 target price on the stock in a research note on Friday, July 7th. UBS Group raised their target price on shares of ConocoPhillips from $127.00 to $147.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th. Finally, Citigroup reduced their price target on shares of ConocoPhillips from $145.00 to $140.00 in a research report on Wednesday, July 12th. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $134.42.

Insiders Place Their Bets

In other ConocoPhillips news, CEO Ryan Michael Lance sold 569,400 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $122.14, for a total value of $69,546,516.00. Following the completion of the transaction, the chief executive officer now owns 18,187 shares in the company, valued at $2,221,360.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.37% 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 and internationally. 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 global exploration prospects.