Boston Trust Walden Corp Sells 48,773 Shares of ConocoPhillips (NYSE:COP)

Boston Trust Walden Corp lowered its stake in shares of ConocoPhillips (NYSE:COP) by 7.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 574,399 shares of the energy producer’s stock after selling 48,773 shares during the period. Boston Trust Walden Corp’s holdings in ConocoPhillips were worth $56,963,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AMF Tjanstepension AB boosted its holdings in ConocoPhillips by 4.7% in the third quarter. AMF Tjanstepension AB now owns 1,163,724 shares of the energy producer’s stock worth $122,628,000 after acquiring an additional 52,334 shares in the last quarter. Czech National Bank raised its position in shares of ConocoPhillips by 6.2% during the third quarter. Czech National Bank now owns 236,559 shares of the energy producer’s stock worth $24,905,000 after purchasing an additional 13,707 shares during the period. Goelzer Investment Management Inc. raised its position in shares of ConocoPhillips by 4.2% during the third quarter. Goelzer Investment Management Inc. now owns 3,359 shares of the energy producer’s stock worth $354,000 after purchasing an additional 136 shares during the period. Harbor Investment Advisory LLC lifted its holdings in shares of ConocoPhillips by 8.3% in the 3rd quarter. Harbor Investment Advisory LLC now owns 9,769 shares of the energy producer’s stock worth $1,028,000 after purchasing an additional 749 shares in the last quarter. Finally, Quent Capital LLC grew its position in ConocoPhillips by 43.4% in the 3rd quarter. Quent Capital LLC now owns 2,277 shares of the energy producer’s stock valued at $240,000 after purchasing an additional 689 shares during the period. Institutional investors own 82.36% of the company’s stock.

Insider Activity at ConocoPhillips

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

ConocoPhillips Trading Down 2.7 %

NYSE:COP opened at $98.70 on Monday. ConocoPhillips has a 12 month low of $94.23 and a 12 month high of $135.18. The company has a current ratio of 1.30, a quick ratio of 1.16 and a debt-to-equity ratio of 0.34. The firm’s 50 day moving average is $101.82 and its 200 day moving average is $106.59. The stock has a market capitalization of $113.59 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 0.76 and a beta of 1.18.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, October 31st. The energy producer reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.10. ConocoPhillips had a return on equity of 19.53% and a net margin of 17.29%. The firm had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.97 billion. During the same period in the previous year, the company posted $2.16 earnings per share. The business’s revenue was down 8.5% on a year-over-year basis. Sell-side analysts expect that ConocoPhillips will post 7.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

COP has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised shares of ConocoPhillips from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $120.00 to $123.00 in a research note on Thursday, December 5th. Scotiabank dropped their price target on shares of ConocoPhillips from $120.00 to $115.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. TD Cowen began coverage on ConocoPhillips in a report on Friday, January 17th. They set a “buy” rating and a $125.00 price objective for the company. Susquehanna raised their target price on ConocoPhillips from $144.00 to $148.00 and gave the company a “positive” rating in a report on Friday, November 1st. Finally, Mizuho upgraded ConocoPhillips from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $132.00 to $134.00 in a report on Monday, December 16th. Two research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $135.89.

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.