ConocoPhillips (NYSE:COP) Shares Sold by Peoples Financial Services CORP.

Peoples Financial Services CORP. reduced its position in shares of ConocoPhillips (NYSE:COP) by 3.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,343 shares of the energy producer’s stock after selling 160 shares during the period. Peoples Financial Services CORP.’s holdings in ConocoPhillips were worth $450,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Jackson Grant Investment Advisers Inc. increased its position in ConocoPhillips by 398.1% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 269 shares of the energy producer’s stock worth $27,000 after buying an additional 215 shares during the period. Financial Connections Group Inc. increased its position in ConocoPhillips by 383.3% in the fourth quarter. Financial Connections Group Inc. now owns 290 shares of the energy producer’s stock worth $34,000 after buying an additional 230 shares during the period. Fairfield Bush & CO. bought a new position in shares of ConocoPhillips in the first quarter worth $31,000. NewSquare Capital LLC grew its stake in shares of ConocoPhillips by 335.4% in the first quarter. NewSquare Capital LLC now owns 344 shares of the energy producer’s stock worth $34,000 after purchasing an additional 265 shares in the last quarter. Finally, Horan Securities Inc. grew its stake in shares of ConocoPhillips by 40.2% in the first quarter. Horan Securities Inc. now owns 349 shares of the energy producer’s stock worth $35,000 after purchasing an additional 100 shares in the last quarter. 80.36% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Ryan Michael Lance sold 569,400 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $122.14, for a total transaction of $69,546,516.00. Following the completion of the sale, the chief executive officer now directly owns 18,187 shares of the company’s stock, valued at approximately $2,221,360.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.37% of the company’s stock.

ConocoPhillips Trading Down 0.7 %

Shares of NYSE:COP traded down $0.93 during midday trading on Friday, reaching $123.57. The company had a trading volume of 12,440,960 shares, compared to its average volume of 3,823,348. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.28 and a current ratio of 1.41. ConocoPhillips has a 1-year low of $91.53 and a 1-year high of $138.49. The firm 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. The company has a fifty day simple moving average of $116.22 and a two-hundred day simple moving average of $107.24.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, August 3rd. The energy producer reported $1.84 earnings per share (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 analysts’ expectations of $14.64 billion. ConocoPhillips had a return on equity of 27.27% and a net margin of 18.66%. During the same period in the prior year, the company posted $3.91 earnings per share. Research analysts predict that ConocoPhillips will post 8.74 earnings per share for the current year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Thursday, September 28th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Wednesday, September 27th. ConocoPhillips’s dividend payout ratio is currently 19.65%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Erste Group Bank raised ConocoPhillips from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. UBS Group increased their price target on ConocoPhillips from $127.00 to $147.00 and gave the stock a “buy” rating in a research note on Thursday, August 17th. Wells Fargo & Company increased their price target on ConocoPhillips from $134.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday, August 4th. Truist Financial increased their price target on ConocoPhillips from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, StockNews.com began coverage on ConocoPhillips in a research note on Thursday, August 17th. They set a “hold” rating for the company. Five analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $134.42.

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 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.