ConocoPhillips (NYSE:COP) Stock Holdings Increased by FARMERS & MERCHANTS TRUST Co OF LONG BEACH

FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its position in shares of ConocoPhillips (NYSE:COP) by 6.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,594 shares of the energy producer’s stock after buying an additional 1,026 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in ConocoPhillips were worth $1,193,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Joseph P. Lucia & Associates LLC bought a new position in ConocoPhillips during the second quarter worth $30,000. Anfield Capital Management LLC acquired a new stake in shares of ConocoPhillips during the second quarter worth $32,000. Independence Bank of Kentucky lifted its position in shares of ConocoPhillips by 65.2% in the 2nd quarter. Independence Bank of Kentucky now owns 570 shares of the energy producer’s stock worth $35,000 after buying an additional 225 shares during the last quarter. SRS Capital Advisors Inc. acquired a new position in shares of ConocoPhillips in the 2nd quarter valued at about $38,000. Finally, Financial Insights Inc. acquired a new position in shares of ConocoPhillips in the 2nd quarter valued at about $43,000. Institutional investors own 78.44% of the company’s stock.

A number of brokerages have commented on COP. Argus lifted their target price on ConocoPhillips from $66.00 to $89.00 and gave the company a “buy” rating in a research note on Monday, November 8th. Truist Securities boosted their price objective on ConocoPhillips from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, October 7th. Credit Suisse Group increased their target price on ConocoPhillips from $74.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 21st. Truist boosted their price target on shares of ConocoPhillips from $84.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, October 7th. Finally, Morgan Stanley increased their price objective on shares of ConocoPhillips from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Friday, November 19th. Three research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $78.79.

In other ConocoPhillips news, EVP Nicholas G. Olds sold 9,200 shares of the company’s stock in a transaction on Thursday, November 4th. The stock was sold at an average price of $74.64, for a total value of $686,688.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.08% of the company’s stock.

COP stock traded up $1.05 during trading hours on Thursday, hitting $74.83. 7,215,756 shares of the stock traded hands, compared to its average volume of 9,262,145. The stock has a 50-day simple moving average of $71.32 and a 200 day simple moving average of $62.22. The company has a market cap of $98.70 billion, a P/E ratio of 22.27, a P/E/G ratio of 0.81 and a beta of 1.62. ConocoPhillips has a one year low of $38.77 and a one year high of $77.98. The company has a current ratio of 1.93, a quick ratio of 1.83 and a debt-to-equity ratio of 0.42.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Tuesday, November 2nd. The energy producer reported $1.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.24. The company had revenue of $11.62 billion during the quarter, compared to the consensus estimate of $11.34 billion. ConocoPhillips had a net margin of 12.18% and a return on equity of 11.87%. During the same period in the prior year, the company earned ($0.31) EPS. Analysts forecast that ConocoPhillips will post 5.92 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 1st. Investors of record on Thursday, October 28th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 2.46%. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Wednesday, October 27th. ConocoPhillips’s dividend payout ratio (DPR) is presently 54.76%.

ConocoPhillips Profile

ConocoPhillips engages in the exploration, production, transportation and marketing of crude oil, bitumen, natural gas, natural gas liquids, and liquefied natural gas on a worldwide basis. It operates through the following geographical segments: Alaska; Lower 48; Canada; Europe, Middle East and North Africa; Asia Pacific; and Other International.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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