1ST Source Bank Boosts Stock Holdings in ConocoPhillips (NYSE:COP)

1ST Source Bank boosted its position in ConocoPhillips (NYSE:COP) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,348 shares of the energy producer’s stock after purchasing an additional 119 shares during the period. 1ST Source Bank’s holdings in ConocoPhillips were worth $4,497,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. TCTC Holdings LLC lifted its stake in ConocoPhillips by 0.6% in the fourth quarter. TCTC Holdings LLC now owns 227,325 shares of the energy producer’s stock valued at $22,544,000 after purchasing an additional 1,355 shares during the last quarter. Signaturefd LLC lifted its position in shares of ConocoPhillips by 8.3% during the fourth quarter. Signaturefd LLC now owns 25,173 shares of the energy producer’s stock worth $2,496,000 after acquiring an additional 1,938 shares in the last quarter. Cibc World Markets Corp lifted its position in shares of ConocoPhillips by 29.7% during the fourth quarter. Cibc World Markets Corp now owns 204,596 shares of the energy producer’s stock worth $20,290,000 after acquiring an additional 46,837 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its position in shares of ConocoPhillips by 13.2% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,166 shares of the energy producer’s stock worth $314,000 after acquiring an additional 368 shares in the last quarter. Finally, Gray Wealth Management Inc. lifted its position in shares of ConocoPhillips by 5.0% during the fourth quarter. Gray Wealth Management Inc. now owns 2,171 shares of the energy producer’s stock worth $215,000 after acquiring an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.

ConocoPhillips Stock Up 3.0 %

COP opened at $99.10 on Monday. The stock has a market cap of $126.09 billion, a PE ratio of 12.72, a P/E/G ratio of 0.79 and a beta of 1.12. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. ConocoPhillips has a 52 week low of $86.81 and a 52 week high of $135.18. The business’s fifty day simple moving average is $99.22 and its 200 day simple moving average is $103.75.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. As a group, research analysts expect that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were paid a dividend of $0.78 per share. The ex-dividend date was Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.15%. ConocoPhillips’s dividend payout ratio (DPR) is currently 40.05%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wells Fargo & Company dropped their target price on ConocoPhillips from $132.00 to $128.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. JPMorgan Chase & Co. dropped their target price on ConocoPhillips from $127.00 to $115.00 and set an “overweight” rating on the stock in a research report on Thursday. UBS Group dropped their target price on ConocoPhillips from $140.00 to $137.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Morgan Stanley assumed coverage on ConocoPhillips in a research report on Monday, December 16th. They set an “overweight” rating and a $128.00 target price on the stock. Finally, Raymond James cut shares of ConocoPhillips from a “strong-buy” rating to an “outperform” rating and decreased their price target for the stock from $157.00 to $124.00 in a report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $133.05.

Insider Activity

In related news, Director Arjun N. Murti acquired 2,500 shares of ConocoPhillips stock in a transaction dated Friday, December 20th. The shares were purchased 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 owns 21,500 shares of the company’s stock, valued at $2,061,205. This represents a 13.16 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director R A. Walker acquired 10,400 shares of ConocoPhillips stock in a transaction dated Tuesday, December 17th. The shares were bought 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 directly owns 38,000 shares of the company’s stock, valued at approximately $3,716,400. The trade was a 37.68 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.34% of the company’s stock.

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.