ConocoPhillips (NYSE:COP) Shares Purchased by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. raised its stake in ConocoPhillips (NYSE:COP) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,654 shares of the energy producer’s stock after acquiring an additional 218 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in ConocoPhillips were worth $362,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. One Capital Management LLC increased its position in ConocoPhillips by 20.6% in the second quarter. One Capital Management LLC now owns 2,526 shares of the energy producer’s stock worth $289,000 after buying an additional 431 shares during the period. Edgestream Partners L.P. increased its holdings in shares of ConocoPhillips by 444.8% in the 2nd quarter. Edgestream Partners L.P. now owns 13,484 shares of the energy producer’s stock worth $1,542,000 after acquiring an additional 11,009 shares during the period. Plancorp LLC lifted its position in ConocoPhillips by 7.2% in the 2nd quarter. Plancorp LLC now owns 4,339 shares of the energy producer’s stock valued at $496,000 after purchasing an additional 291 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in ConocoPhillips by 7.7% in the 2nd quarter. Mutual of America Capital Management LLC now owns 179,914 shares of the energy producer’s stock valued at $20,579,000 after purchasing an additional 12,798 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT boosted its stake in ConocoPhillips by 0.6% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 611,035 shares of the energy producer’s stock valued at $69,890,000 after purchasing an additional 3,944 shares during the period. 82.36% of the stock is owned by institutional investors.

ConocoPhillips Trading Up 0.5 %

ConocoPhillips stock opened at $105.45 on Thursday. The firm has a market cap of $121.36 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 0.83 and a beta of 1.19. ConocoPhillips has a 1 year low of $94.23 and a 1 year high of $135.18. The firm’s 50 day moving average price is $104.21 and its two-hundred day moving average price is $107.56. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.16 and a current ratio of 1.30.

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, topping analysts’ consensus estimates of $1.68 by $0.10. ConocoPhillips had a return on equity of 19.53% and a net margin of 17.29%. The business had revenue of $13.60 billion for the quarter, compared to analysts’ expectations of $13.97 billion. During the same period in the previous year, the firm posted $2.16 EPS. The company’s quarterly revenue was down 8.5% on a year-over-year basis. On average, research analysts predict that ConocoPhillips will post 7.77 EPS for the current fiscal year.

ConocoPhillips Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 11th were paid a dividend of $0.78 per share. The ex-dividend date was Friday, November 8th. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.58. This represents a $3.12 dividend on an annualized basis and a yield of 2.96%. ConocoPhillips’s dividend payout ratio is currently 37.10%.

Insiders Place Their Bets

In other news, Director Arjun N. Murti acquired 2,500 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was purchased at an average price of $95.87 per share, with a total value of $239,675.00. Following the purchase, the director now 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 purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director R A. Walker bought 10,400 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were purchased at an average cost of $97.80 per share, for a total transaction of $1,017,120.00. Following the completion of the purchase, the director now owns 38,000 shares in the company, valued at approximately $3,716,400. This trade represents a 37.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on COP shares. BMO Capital Markets lifted their price target on ConocoPhillips from $123.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, October 4th. Scotiabank reduced their price target on ConocoPhillips from $120.00 to $115.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Mizuho raised ConocoPhillips from a “neutral” rating to an “outperform” rating and raised their price target for the company from $132.00 to $134.00 in a report on Monday, December 16th. Evercore ISI restated an “outperform” rating and set a $165.00 price objective on shares of ConocoPhillips in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. upgraded shares of ConocoPhillips from a “neutral” rating to an “overweight” rating and increased their target price for the company from $120.00 to $123.00 in a research report on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $136.65.

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.