Iowa State Bank Sells 101 Shares of ConocoPhillips (NYSE:COP)

Iowa State Bank cut its stake in shares of ConocoPhillips (NYSE:COPFree Report) by 0.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,497 shares of the energy producer’s stock after selling 101 shares during the quarter. Iowa State Bank’s holdings in ConocoPhillips were worth $2,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Bayesian Capital Management LP purchased a new stake in ConocoPhillips during the 2nd quarter valued at about $5,592,000. Guidance Capital Inc. purchased a new stake in ConocoPhillips during the 2nd quarter valued at about $599,000. Bollard Group LLC boosted its holdings in ConocoPhillips by 1.0% during the 2nd quarter. Bollard Group LLC now owns 130,043 shares of the energy producer’s stock valued at $13,474,000 after acquiring an additional 1,233 shares during the period. Capital Investment Counsel Inc purchased a new stake in ConocoPhillips during the 3rd quarter valued at about $228,000. Finally, Columbia Trust Co 01012016 boosted its holdings in ConocoPhillips by 1.2% during the 4th quarter. Columbia Trust Co 01012016 now owns 9,463 shares of the energy producer’s stock valued at $1,098,000 after acquiring an additional 112 shares during the period. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

ConocoPhillips Stock Up 1.6 %

Shares of NYSE:COP traded up $2.01 during midday trading on Tuesday, reaching $130.69. The company’s stock had a trading volume of 4,968,828 shares, compared to its average volume of 5,719,401. The firm has a 50 day moving average of $115.08 and a 200-day moving average of $116.15. The firm has a market capitalization of $153.75 billion, a P/E ratio of 14.30, a PEG ratio of 2.89 and a beta of 1.24. The company has a quick ratio of 1.29, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. ConocoPhillips has a 12-month low of $95.70 and a 12-month high of $130.84.

ConocoPhillips (NYSE:COPGet Free Report) last announced its quarterly earnings results on Thursday, February 8th. The energy producer reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.32. The company had revenue of $15.31 billion for the quarter, compared to analysts’ expectations of $14.47 billion. ConocoPhillips had a net margin of 18.71% and a return on equity of 22.08%. During the same quarter in the previous year, the business posted $2.71 EPS. On average, research analysts anticipate that ConocoPhillips will post 8.79 earnings per share for the current year.

ConocoPhillips Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 19th were paid a $0.78 dividend. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.58. The ex-dividend date was Thursday, February 15th. This represents a $3.12 dividend on an annualized basis and a yield of 2.39%. ConocoPhillips’s payout ratio is presently 25.61%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on COP shares. Raymond James cut their price objective on ConocoPhillips from $140.00 to $137.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 24th. Susquehanna reduced their price objective on shares of ConocoPhillips from $152.00 to $133.00 and set a “positive” rating on the stock in a research report on Friday, January 26th. UBS Group boosted their price objective on shares of ConocoPhillips from $138.00 to $143.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Mizuho reissued a “neutral” rating and set a $139.00 price objective (up from $132.00) on shares of ConocoPhillips in a research report on Friday, March 22nd. Finally, Scotiabank boosted their price objective on shares of ConocoPhillips from $115.00 to $120.00 and gave the company a “sector perform” rating in a research report on Friday, February 9th. Six research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $135.35.

Read Our Latest Research Report on COP

Insider Buying and Selling

In related news, SVP Heather G. Hrap sold 4,548 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $110.55, for a total value of $502,781.40. Following the transaction, the senior vice president now owns 2,654 shares in the company, valued at approximately $293,399.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other ConocoPhillips news, EVP Nicholas G. Olds sold 12,150 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $126.44, for a total transaction of $1,536,246.00. Following the transaction, the executive vice president now owns 14,522 shares in the company, valued at approximately $1,836,161.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Heather G. Hrap sold 4,548 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $110.55, for a total transaction of $502,781.40. Following the transaction, the senior vice president now owns 2,654 shares in the company, valued at approximately $293,399.70. The disclosure for this sale can be found here. Insiders have sold a total of 700,775 shares of company stock worth $87,615,169 in the last quarter. Corporate insiders own 0.37% of the company’s stock.

ConocoPhillips Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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