Parkside Financial Bank & Trust Sells 146 Shares of ConocoPhillips (NYSE:COP)

Parkside Financial Bank & Trust cut its stake in shares of ConocoPhillips (NYSE:COP) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,038 shares of the energy producer’s stock after selling 146 shares during the quarter. Parkside Financial Bank & Trust’s holdings in ConocoPhillips were worth $701,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in COP. Capital Investment Counsel Inc bought a new stake in ConocoPhillips during the 3rd quarter worth approximately $228,000. Columbia Trust Co 01012016 grew its holdings in ConocoPhillips by 1.2% during the 4th quarter. Columbia Trust Co 01012016 now owns 9,463 shares of the energy producer’s stock worth $1,098,000 after acquiring an additional 112 shares during the last quarter. Raymond James & Associates grew its holdings in ConocoPhillips by 1.5% during the 4th quarter. Raymond James & Associates now owns 1,563,044 shares of the energy producer’s stock worth $181,422,000 after acquiring an additional 23,572 shares during the last quarter. Syon Capital LLC bought a new stake in shares of ConocoPhillips in the 3rd quarter valued at $2,262,000. Finally, PFG Investments LLC bought a new stake in shares of ConocoPhillips in the 3rd quarter valued at $233,000. 82.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on COP shares. Piper Sandler upped their price objective on shares of ConocoPhillips from $145.00 to $157.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Susquehanna upped their price objective on shares of ConocoPhillips from $133.00 to $154.00 and gave the company a “positive” rating in a research note on Monday. Truist Financial dropped their target price on shares of ConocoPhillips from $173.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, April 5th. Barclays started coverage on shares of ConocoPhillips in a research report on Wednesday, April 10th. They set an “overweight” rating and a $158.00 target price on the stock. Finally, Raymond James dropped their target price on shares of ConocoPhillips from $140.00 to $137.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 24th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $143.24.

ConocoPhillips Stock Performance

COP traded up $0.36 during trading on Tuesday, hitting $129.69. 2,018,351 shares of the company traded hands, compared to its average volume of 5,372,854. The firm has a market cap of $152.57 billion, a P/E ratio of 14.27, a price-to-earnings-growth ratio of 2.73 and a beta of 1.24. The stock’s fifty day moving average is $120.93 and its 200 day moving average is $117.31. The company has a quick ratio of 1.29, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. ConocoPhillips has a one year low of $95.70 and a one year high of $135.18.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, February 8th. The energy producer reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.32. The firm had revenue of $15.31 billion during the quarter, compared to analyst estimates of $14.47 billion. ConocoPhillips had a net margin of 18.71% and a return on equity of 22.08%. During the same quarter last year, the business earned $2.71 earnings per share. As a group, equities analysts predict that ConocoPhillips will post 9.47 EPS for the current fiscal year.

ConocoPhillips Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 19th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.41%. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Thursday, February 15th. ConocoPhillips’s dividend payout ratio is presently 25.61%.

Insider Transactions at ConocoPhillips

In other ConocoPhillips news, VP Christopher P. Delk sold 8,505 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $112.06, for a total value of $953,070.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other ConocoPhillips news, VP Christopher P. Delk sold 8,505 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $112.06, for a total value of $953,070.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO William L. Jr. Bullock sold 45,200 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $123.32, for a total transaction of $5,574,064.00. Following the completion of the sale, the chief financial officer now owns 44,153 shares of the company’s stock, valued at $5,444,947.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 700,775 shares of company stock valued at $87,615,169. 0.34% of the stock is currently 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.