ConocoPhillips (NYSE:COP) Shares Sold by NBT Bank N A NY

NBT Bank N A NY reduced its stake in ConocoPhillips (NYSE:COP) by 17.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,580 shares of the energy producer’s stock after selling 2,441 shares during the period. NBT Bank N A NY’s holdings in ConocoPhillips were worth $1,216,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Murphy & Mullick Capital Management Corp acquired a new stake in ConocoPhillips in the 4th quarter valued at about $26,000. Centricity Wealth Management LLC acquired a new stake in ConocoPhillips in the fourth quarter valued at approximately $27,000. 10Elms LLP acquired a new stake in ConocoPhillips in the fourth quarter valued at approximately $28,000. Crowley Wealth Management Inc. purchased a new position in ConocoPhillips in the fourth quarter worth approximately $32,000. Finally, Marshall Investment Management LLC acquired a new position in ConocoPhillips during the 4th quarter worth approximately $36,000. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

COP has been the topic of a number of analyst reports. Piper Sandler reduced their price objective on shares of ConocoPhillips from $114.00 to $107.00 and set an “overweight” rating on the stock in a report on Tuesday, May 13th. Scotiabank cut their price target on ConocoPhillips from $115.00 to $95.00 and set a “sector perform” rating on the stock in a research note on Friday, April 11th. Susquehanna decreased their price target on ConocoPhillips from $120.00 to $114.00 and set a “positive” rating for the company in a report on Monday, May 12th. JPMorgan Chase & Co. dropped their price objective on ConocoPhillips from $127.00 to $115.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Finally, Bank of America decreased their target price on ConocoPhillips from $107.00 to $106.00 and set a “neutral” rating for the company in a research note on Friday, May 23rd. Three research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.30.

ConocoPhillips Stock Up 0.6%

COP stock opened at $95.54 on Wednesday. The company has a fifty day moving average price of $89.23 and a 200 day moving average price of $95.69. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $118.40. The company has a market cap of $120.78 billion, a price-to-earnings ratio of 12.14, a price-to-earnings-growth ratio of 2.57 and a beta of 0.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.27 and a quick ratio of 1.13.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, May 8th. The energy producer reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.04. ConocoPhillips had a net margin of 16.02% and a return on equity of 16.54%. The company had revenue of $16.18 billion for the quarter, compared to the consensus estimate of $15.74 billion. During the same period last year, the firm posted $2.05 EPS. Sell-side analysts expect that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 3.27%. The ex-dividend date was Monday, May 19th. ConocoPhillips’s dividend payout ratio (DPR) is presently 39.64%.

Insider Buying and Selling at ConocoPhillips

In other news, EVP Kirk L. Johnson acquired 5,300 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were purchased at an average cost of $94.24 per share, for a total transaction of $499,472.00. Following the transaction, the executive vice president now directly owns 14,527 shares in the company, valued at approximately $1,369,024.48. This represents a 57.44% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.24% of the stock is owned by company insiders.

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.