CoreFirst Bank & Trust Invests $1.14 Million in ConocoPhillips (NYSE:COP)

CoreFirst Bank & Trust acquired a new stake in ConocoPhillips (NYSE:COP) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 11,465 shares of the energy producer’s stock, valued at approximately $1,137,000.

Several other institutional investors also recently bought and sold shares of the company. Albion Financial Group UT raised its stake in shares of ConocoPhillips by 876.9% during the 4th quarter. Albion Financial Group UT now owns 254 shares of the energy producer’s stock worth $25,000 after buying an additional 228 shares in the last quarter. Centricity Wealth Management LLC purchased a new position in shares of ConocoPhillips in the 4th quarter valued at about $27,000. Truvestments Capital LLC purchased a new stake in ConocoPhillips during the third quarter worth about $31,000. Crowley Wealth Management Inc. purchased a new stake in ConocoPhillips during the fourth quarter worth about $32,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in ConocoPhillips during the third quarter worth about $35,000. 82.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

COP has been the topic of several research reports. The Goldman Sachs Group set a $132.00 target price on ConocoPhillips in a report on Thursday, January 30th. UBS Group lowered their price objective on shares of ConocoPhillips from $140.00 to $137.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Barclays dropped their target price on shares of ConocoPhillips from $137.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Piper Sandler dropped their price objective on shares of ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Finally, Truist Financial boosted their price target on ConocoPhillips from $138.00 to $139.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Two 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $133.05.

ConocoPhillips Stock Performance

NYSE COP opened at $102.28 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14. ConocoPhillips has a 1-year low of $86.81 and a 1-year high of $135.18. The firm has a market capitalization of $130.14 billion, a P/E ratio of 13.13, a P/E/G ratio of 0.79 and a beta of 1.12. The business’s 50-day simple moving average is $99.17 and its 200-day simple moving average is $103.33.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share for the quarter, topping 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%. Equities analysts predict that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders 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 yield of 3.05%. ConocoPhillips’s dividend payout ratio (DPR) is 40.05%.

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.