ConocoPhillips (NYSE:COP) Shares Bought by Community Bank of Raymore

Community Bank of Raymore lifted its stake in shares of ConocoPhillips (NYSE:COP) by 2.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,939 shares of the energy producer’s stock after purchasing an additional 250 shares during the quarter. Community Bank of Raymore’s holdings in ConocoPhillips were worth $1,362,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in COP. Alaska Permanent Fund Corp acquired a new stake in ConocoPhillips during the 1st quarter valued at $143,000. Wedmont Private Capital raised its holdings in shares of ConocoPhillips by 2.4% during the 1st quarter. Wedmont Private Capital now owns 14,862 shares of the energy producer’s stock valued at $1,965,000 after purchasing an additional 353 shares in the last quarter. Sunflower Bank N.A. bought a new stake in ConocoPhillips in the first quarter worth $220,000. Apella Capital LLC boosted its stake in shares of ConocoPhillips by 3.5% during the 1st quarter. Apella Capital LLC now owns 3,227 shares of the energy producer’s stock worth $427,000 after acquiring an additional 110 shares in the last quarter. Finally, Inscription Capital LLC grew its holdings in ConocoPhillips by 254.0% during the first quarter. Inscription Capital LLC now owns 24,675 shares of the energy producer’s stock valued at $3,263,000 after purchasing an additional 17,705 shares during the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Barclays cut their target price on ConocoPhillips from $156.00 to $135.00 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Wells Fargo & Company cut their price target on ConocoPhillips from $150.00 to $132.00 and set an “overweight” rating on the stock in a report on Friday, September 27th. Royal Bank of Canada reissued an “outperform” rating and issued a $140.00 target price on shares of ConocoPhillips in a research note on Friday, September 13th. Susquehanna dropped their price objective on shares of ConocoPhillips from $154.00 to $147.00 and set a “positive” rating on the stock in a research report on Wednesday, September 4th. Finally, Truist Financial lowered their target price on shares of ConocoPhillips from $145.00 to $138.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, ConocoPhillips has an average rating of “Moderate Buy” and an average target price of $137.12.

Insider Transactions at ConocoPhillips

In other news, Director Timothy A. Leach sold 55,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $108.11, for a total value of $6,000,105.00. Following the completion of the sale, the director now directly owns 455,909 shares in the company, valued at $49,288,321.99. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.34% of the company’s stock.

ConocoPhillips Price Performance

Shares of COP opened at $105.15 on Thursday. ConocoPhillips has a 1-year low of $101.29 and a 1-year high of $135.18. The firm has a fifty day simple moving average of $109.11 and a two-hundred day simple moving average of $115.12. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 0.34. The firm has a market cap of $122.98 billion, a PE ratio of 11.91, a P/E/G ratio of 0.88 and a beta of 1.21.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, August 1st. The energy producer reported $1.98 earnings per share for the quarter, beating 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 company had revenue of $14.14 billion during the quarter, compared to analyst estimates of $14.96 billion. During the same quarter last year, the business posted $1.84 EPS. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, equities analysts anticipate that ConocoPhillips will post 8.02 EPS for the current year.

ConocoPhillips Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 12th were given a $0.58 dividend. The ex-dividend date was Monday, August 12th. This represents a $2.32 dividend on an annualized basis and a yield of 2.21%. ConocoPhillips’s dividend payout ratio is currently 26.27%.

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.