Thomasville National Bank Has $1 Million Stake in ConocoPhillips (NYSE:COP)

Thomasville National Bank grew its holdings in shares of ConocoPhillips (NYSE:COP) by 1.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 10,088 shares of the energy producer’s stock after acquiring an additional 191 shares during the quarter. Thomasville National Bank’s holdings in ConocoPhillips were worth $1,000,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of COP. Parallel Advisors LLC grew its holdings in ConocoPhillips by 1.0% during the 2nd quarter. Parallel Advisors LLC now owns 27,170 shares of the energy producer’s stock worth $3,108,000 after acquiring an additional 271 shares during the period. Thoroughbred Financial Services LLC grew its holdings in ConocoPhillips by 34.1% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 8,373 shares of the energy producer’s stock worth $957,000 after acquiring an additional 2,130 shares during the period. Wealthspire Advisors LLC grew its holdings in ConocoPhillips by 8.5% during the 2nd quarter. Wealthspire Advisors LLC now owns 8,145 shares of the energy producer’s stock worth $932,000 after acquiring an additional 641 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of ConocoPhillips by 6.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,883,417 shares of the energy producer’s stock worth $329,805,000 after purchasing an additional 178,129 shares in the last quarter. Finally, Prosperity Consulting Group LLC boosted its position in shares of ConocoPhillips by 2.6% during the 2nd quarter. Prosperity Consulting Group LLC now owns 6,774 shares of the energy producer’s stock worth $775,000 after purchasing an additional 171 shares in the last quarter. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at ConocoPhillips

In other ConocoPhillips news, Director Arjun N. Murti purchased 2,500 shares of the stock in a transaction on Friday, December 20th. The stock was acquired at an average cost of $95.87 per share, with a total value of $239,675.00. Following the completion of the purchase, the director now directly owns 21,500 shares of the company’s stock, valued at approximately $2,061,205. This trade represents a 13.16 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director R A. Walker acquired 10,400 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was purchased at an average price of $97.80 per share, for a total transaction of $1,017,120.00. Following the transaction, the director now directly owns 38,000 shares of the company’s stock, valued at approximately $3,716,400. This trade represents a 37.68 % increase in their position. The disclosure for this purchase can be found here. 0.34% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Piper Sandler cut their price objective on shares of ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Truist Financial increased their price objective on shares of ConocoPhillips from $138.00 to $139.00 and gave the stock a “buy” rating in a research report on Monday. Evercore ISI reaffirmed an “outperform” rating and issued a $165.00 price target on shares of ConocoPhillips in a research report on Friday, December 6th. BMO Capital Markets raised their price target on shares of ConocoPhillips from $123.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday, October 4th. Finally, Barclays increased their price objective on shares of ConocoPhillips from $135.00 to $137.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $136.76.

ConocoPhillips Price Performance

NYSE:COP traded up $2.09 during trading hours on Monday, hitting $104.01. The stock had a trading volume of 2,897,941 shares, compared to its average volume of 5,229,618. The company has a 50 day simple moving average of $104.39 and a two-hundred day simple moving average of $107.70. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 1.16. ConocoPhillips has a one year low of $94.23 and a one year high of $135.18. The firm has a market capitalization of $119.71 billion, a price-to-earnings ratio of 12.37, a P/E/G ratio of 0.83 and a beta of 1.19.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, October 31st. The energy producer reported $1.78 EPS for the quarter, beating the consensus estimate of $1.68 by $0.10. ConocoPhillips had a net margin of 17.29% and a return on equity of 19.53%. The firm had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.97 billion. During the same period last year, the firm earned $2.16 EPS. The business’s quarterly revenue was down 8.5% compared to the same quarter last year. Research analysts forecast that ConocoPhillips will post 7.77 earnings per share for the current fiscal year.

ConocoPhillips Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 11th were issued a dividend of $0.78 per share. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.58. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend was Friday, November 8th. ConocoPhillips’s payout ratio is currently 37.10%.

About ConocoPhillips

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.