4,056 ConocoPhillips $COP Shares Acquired by Forvis Mazars Wealth Advisors LLC

Forvis Mazars Wealth Advisors LLC lifted its position in ConocoPhillips (NYSE:COP) by 8.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,555 shares of the energy producer’s stock after acquiring an additional 4,056 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in ConocoPhillips were worth $6,689,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in COP. First Financial Corp IN raised its holdings in shares of ConocoPhillips by 112.5% in the third quarter. First Financial Corp IN now owns 2,374 shares of the energy producer’s stock worth $297,000 after buying an additional 1,257 shares during the period. Accel Wealth Management boosted its holdings in ConocoPhillips by 65.8% during the 3rd quarter. Accel Wealth Management now owns 5,655 shares of the energy producer’s stock valued at $708,000 after acquiring an additional 2,244 shares during the period. Euro Pacific Asset Management LLC purchased a new position in ConocoPhillips during the 3rd quarter valued at $210,000. First County Bank CT grew its position in ConocoPhillips by 43.3% in the 3rd quarter. First County Bank CT now owns 8,045 shares of the energy producer’s stock valued at $1,007,000 after acquiring an additional 2,430 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. grew its position in ConocoPhillips by 70.6% in the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 16,108 shares of the energy producer’s stock valued at $2,016,000 after acquiring an additional 6,665 shares during the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, SVP Andrew Lundquist sold 9,487 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $135.15, for a total value of $1,282,168.05. Following the completion of the sale, the senior vice president directly owned 9,593 shares in the company, valued at approximately $1,296,493.95. This represents a 49.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

COP has been the topic of a number of recent analyst reports. Royal Bank Of Canada set a $130.00 target price on ConocoPhillips in a research note on Monday, June 22nd. Raymond James Financial reissued an “underperform” rating and set a $168.00 target price on shares of ConocoPhillips in a research note on Monday, August 24th. Morgan Stanley boosted their target price on shares of ConocoPhillips from $147.00 to $151.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th. Weiss Ratings upgraded shares of ConocoPhillips from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, September 29th. Finally, Freedom Capital raised shares of ConocoPhillips from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.29.

ConocoPhillips Trading Up 2.5%

Shares of ConocoPhillips stock traded up $3.46 on Tuesday, hitting $141.02. 6,523,719 shares of the company traded hands, compared to its average volume of 8,085,873. The stock’s 50 day moving average price is $130.48 and its 200-day moving average price is $122.15. The company has a current ratio of 1.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35. ConocoPhillips has a 52 week low of $85.57 and a 52 week high of $141.62. The company has a market cap of $169.42 billion, a PE ratio of 18.65, a PEG ratio of 1.38 and a beta of 0.24.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, August 6th. The energy producer reported $3.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.90 by $0.34. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%. The firm had revenue of $19.52 billion during the quarter, compared to analyst estimates of $18.79 billion. During the same quarter in the previous year, the business earned $1.42 earnings per share. ConocoPhillips’s quarterly revenue was up 32.4% on a year-over-year basis. Equities research analysts predict that ConocoPhillips will post 10.84 EPS for the current year.

ConocoPhillips Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were given a dividend of $0.84 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $3.36 dividend on an annualized basis and a yield of 2.4%. ConocoPhillips’s payout ratio is 44.44%.

ConocoPhillips Profile

ConocoPhillips (NYSE:COP) is an independent exploration and production company engaged in finding, developing and producing crude oil, natural gas, natural gas liquids and liquefied natural gas. Unlike integrated energy companies, ConocoPhillips focuses primarily on upstream activities rather than refining and retail fuel operations.

The company has a diversified portfolio of assets in major producing regions, including the United States, Canada, Australia, Norway and Qatar. Its U.S. operations include oil and gas developments in Alaska and the Lower 48 states, while its international portfolio includes conventional and offshore projects.