Community Bank & Trust Waco Texas Increases Stock Holdings in ConocoPhillips (NYSE:COP)

Community Bank & Trust Waco Texas increased its holdings in ConocoPhillips (NYSE:COP) by 94.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,737 shares of the energy producer’s stock after purchasing an additional 6,690 shares during the period. Community Bank & Trust Waco Texas’ holdings in ConocoPhillips were worth $1,594,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. SlateStone Wealth LLC grew its position in shares of ConocoPhillips by 1.8% in the fourth quarter. SlateStone Wealth LLC now owns 12,502 shares of the energy producer’s stock valued at $1,451,000 after purchasing an additional 220 shares during the period. Illinois Municipal Retirement Fund grew its position in shares of ConocoPhillips by 8.9% in the fourth quarter. Illinois Municipal Retirement Fund now owns 182,835 shares of the energy producer’s stock valued at $21,222,000 after purchasing an additional 15,008 shares during the period. PDS Planning Inc boosted its holdings in ConocoPhillips by 10.1% in the fourth quarter. PDS Planning Inc now owns 9,136 shares of the energy producer’s stock valued at $1,060,000 after acquiring an additional 838 shares during the last quarter. Aspire Private Capital LLC boosted its holdings in ConocoPhillips by 4.2% in the fourth quarter. Aspire Private Capital LLC now owns 6,331 shares of the energy producer’s stock valued at $735,000 after acquiring an additional 254 shares during the last quarter. Finally, RWA Wealth Partners LLC boosted its holdings in ConocoPhillips by 42.9% in the fourth quarter. RWA Wealth Partners LLC now owns 10,003 shares of the energy producer’s stock valued at $1,161,000 after acquiring an additional 3,004 shares during the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.

ConocoPhillips Stock Down 0.7 %

Shares of NYSE:COP traded down $0.96 during trading on Wednesday, hitting $128.88. The company’s stock had a trading volume of 1,394,252 shares, compared to its average volume of 5,345,418. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.43. The company has a market capitalization of $151.62 billion, a PE ratio of 14.33, a PEG ratio of 2.73 and a beta of 1.24. ConocoPhillips has a fifty-two week low of $95.70 and a fifty-two week high of $135.18. The stock’s 50-day moving average price is $121.33 and its two-hundred day moving average price is $117.41.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, February 8th. The energy producer reported $2.40 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 22.08% and a net margin of 18.71%. During the same period in the previous year, the company earned $2.71 earnings per share. As a group, sell-side analysts expect that ConocoPhillips will post 9.47 EPS for the current year.

ConocoPhillips Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 19th were issued a $0.78 dividend. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.58. This represents a $3.12 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Thursday, February 15th. ConocoPhillips’s payout ratio is currently 25.61%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Piper Sandler lifted their target price on ConocoPhillips from $145.00 to $157.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Scotiabank lifted their target price on ConocoPhillips from $120.00 to $135.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Barclays assumed coverage on ConocoPhillips in a report on Wednesday, April 10th. They issued an “overweight” rating and a $158.00 target price on the stock. Morgan Stanley lifted their target price on ConocoPhillips from $123.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Finally, UBS Group lifted their target price on ConocoPhillips from $138.00 to $143.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.24.

Insider Activity at ConocoPhillips

In other news, SVP Heather G. Hrap sold 4,548 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $110.55, for a total transaction of $502,781.40. Following the completion of the transaction, the senior vice president now directly owns 2,654 shares of the company’s stock, valued at $293,399.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Ryan Michael Lance sold 607,000 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $125.91, for a total transaction of $76,427,370.00. Following the completion of the transaction, the chief executive officer now directly owns 6,780 shares of the company’s stock, valued at $853,669.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Heather G. Hrap sold 4,548 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $110.55, for a total value of $502,781.40. Following the transaction, the senior vice president now directly owns 2,654 shares of the company’s stock, valued at $293,399.70. The disclosure for this sale can be found here. Insiders sold a total of 700,775 shares of company stock valued at $87,615,169 over the last three months. 0.34% of the stock is owned by insiders.

ConocoPhillips Company 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.