ConocoPhillips (NYSE:COP) Shares Acquired by Greenfield Savings Bank

Greenfield Savings Bank raised its stake in shares of ConocoPhillips (NYSE:COP) by 6.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,412 shares of the energy producer’s stock after buying an additional 530 shares during the quarter. Greenfield Savings Bank’s holdings in ConocoPhillips were worth $886,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of COP. Cooksen Wealth LLC purchased a new position in shares of ConocoPhillips during the 4th quarter worth $27,000. Stephens Consulting LLC lifted its stake in shares of ConocoPhillips by 69.3% during the 2nd quarter. Stephens Consulting LLC now owns 254 shares of the energy producer’s stock worth $29,000 after purchasing an additional 104 shares during the period. Richardson Capital Management LLC purchased a new position in shares of ConocoPhillips during the 1st quarter worth $31,000. Northwest Bank & Trust Co purchased a new position in shares of ConocoPhillips during the 4th quarter worth $32,000. Finally, Ruedi Wealth Management Inc. raised its position in shares of ConocoPhillips by 150.0% in the 1st quarter. Ruedi Wealth Management Inc. now owns 250 shares of the energy producer’s stock worth $32,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 82.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on COP shares. Bank of America reaffirmed a “buy” rating and issued a $147.00 target price on shares of ConocoPhillips in a research report on Friday, June 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $140.00 target price on shares of ConocoPhillips in a research report on Friday, September 13th. Wells Fargo & Company cut their target price on ConocoPhillips from $150.00 to $132.00 and set an “overweight” rating on the stock in a research report on Friday, September 27th. Mizuho reduced their price objective on ConocoPhillips from $132.00 to $129.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. Finally, Barclays lowered their price objective on ConocoPhillips from $156.00 to $135.00 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $138.29.

ConocoPhillips Price Performance

Shares of COP stock opened at $114.72 on Tuesday. ConocoPhillips has a 52-week low of $101.29 and a 52-week high of $135.18. The stock has a market cap of $134.17 billion, a PE ratio of 12.99, a PEG ratio of 0.87 and a beta of 1.21. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.19 and a current ratio of 1.33. The firm’s 50 day moving average price is $108.77 and its two-hundred day moving average price is $115.94.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, August 1st. The energy producer reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.02. ConocoPhillips had a net margin of 18.18% and a return on equity of 20.81%. The business had revenue of $14.14 billion for the quarter, compared to analyst estimates of $14.96 billion. During the same period last year, the business posted $1.84 earnings per share. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. As a group, analysts forecast that ConocoPhillips will post 8.02 EPS for the current year.

ConocoPhillips Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 12th were paid a dividend of $0.58 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $2.32 annualized dividend and a dividend yield of 2.02%. ConocoPhillips’s dividend payout ratio is presently 26.27%.

Insider Transactions at ConocoPhillips

In related news, Director Timothy A. Leach sold 55,500 shares of ConocoPhillips stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $108.11, for a total transaction of $6,000,105.00. Following the completion of the sale, the director now owns 455,909 shares of the company’s stock, valued at approximately $49,288,321.99. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.34% of the stock is owned by company 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.