Arbor Trust Wealth Advisors LLC Acquires 5,127 Shares of ConocoPhillips (NYSE:COP)

Arbor Trust Wealth Advisors LLC raised its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 287.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,911 shares of the energy producer's stock after acquiring an additional 5,127 shares during the period. Arbor Trust Wealth Advisors LLC's holdings in ConocoPhillips were worth $685,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in COP. State Street Corp increased its position in ConocoPhillips by 19.0% during the third quarter. State Street Corp now owns 66,928,793 shares of the energy producer's stock valued at $7,046,263,000 after acquiring an additional 10,663,093 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of ConocoPhillips by 20.2% in the 3rd quarter. Wellington Management Group LLP now owns 31,161,897 shares of the energy producer's stock worth $3,280,725,000 after purchasing an additional 5,240,016 shares during the period. Fisher Asset Management LLC grew its position in ConocoPhillips by 59.7% during the third quarter. Fisher Asset Management LLC now owns 12,456,011 shares of the energy producer's stock valued at $1,311,369,000 after buying an additional 4,656,040 shares during the period. Pacer Advisors Inc. increased its holdings in ConocoPhillips by 5,422.3% during the third quarter. Pacer Advisors Inc. now owns 4,587,729 shares of the energy producer's stock valued at $482,996,000 after buying an additional 4,504,653 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in ConocoPhillips by 401.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 4,423,611 shares of the energy producer's stock worth $438,690,000 after acquiring an additional 3,541,504 shares during the period. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips Price Performance

Shares of COP traded up $0.15 during mid-day trading on Monday, hitting $105.76. 8,546,391 shares of the stock were exchanged, compared to its average volume of 6,479,072. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.16 and a current ratio of 1.30. The company has a market cap of $121.72 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 0.81 and a beta of 1.19. ConocoPhillips has a 52-week low of $94.23 and a 52-week high of $135.18. The firm has a 50-day moving average of $103.79 and a two-hundred day moving average of $107.37.

ConocoPhillips (NYSE:COP - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The energy producer reported $1.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.10. ConocoPhillips had a net margin of 17.29% and a return on equity of 19.53%. The company had revenue of $13.60 billion for the quarter, compared to the consensus estimate of $13.97 billion. During the same quarter in the prior year, the firm earned $2.16 earnings per share. ConocoPhillips's revenue was down 8.5% on a year-over-year basis. On average, equities analysts predict that ConocoPhillips will post 7.7 earnings per share for the current year.

ConocoPhillips Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 11th were issued a $0.78 dividend. This is an increase from ConocoPhillips's previous quarterly dividend of $0.58. The ex-dividend date was Friday, November 8th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.95%. ConocoPhillips's dividend payout ratio (DPR) is presently 37.10%.

Insider Buying and Selling

In related news, Director Arjun N. Murti purchased 2,500 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was bought at an average cost of $95.87 per share, for a total transaction of $239,675.00. Following the completion of the transaction, the director now directly owns 21,500 shares in the company, valued at $2,061,205. This represents a 13.16 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director R A. Walker acquired 10,400 shares of the company's stock in a transaction on Tuesday, December 17th. The shares were purchased at an average cost of $97.80 per share, with a total value of $1,017,120.00. Following the completion of the purchase, the director now directly owns 38,000 shares of the company's stock, valued at $3,716,400. This trade represents a 37.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.34% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on COP. Scotiabank decreased their target price on ConocoPhillips from $120.00 to $115.00 and set a "sector perform" rating on the stock in a report on Thursday, October 10th. JPMorgan Chase & Co. raised ConocoPhillips from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $120.00 to $123.00 in a research report on Thursday, December 5th. Susquehanna lifted their price target on shares of ConocoPhillips from $144.00 to $148.00 and gave the company a "positive" rating in a report on Friday, November 1st. Wells Fargo & Company reduced their price objective on shares of ConocoPhillips from $134.00 to $132.00 and set an "overweight" rating for the company in a research note on Tuesday, January 14th. Finally, Evercore ISI reaffirmed an "outperform" rating and issued a $165.00 target price on shares of ConocoPhillips in a report on Friday, December 6th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $136.00.

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.