Bradley Foster & Sargent Inc. CT Acquires 7,575 Shares of ConocoPhillips (NYSE:COP)

Bradley Foster & Sargent Inc. CT increased its position in ConocoPhillips (NYSE:COP - Free Report) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 612,905 shares of the energy producer's stock after buying an additional 7,575 shares during the quarter. ConocoPhillips accounts for 1.0% of Bradley Foster & Sargent Inc. CT's portfolio, making the stock its 29th largest position. Bradley Foster & Sargent Inc. CT owned about 0.05% of ConocoPhillips worth $60,782,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of COP. Cypress Capital Group grew its position in shares of ConocoPhillips by 0.5% in the 3rd quarter. Cypress Capital Group now owns 18,790 shares of the energy producer's stock worth $1,978,000 after buying an additional 96 shares during the last quarter. Orrstown Financial Services Inc. lifted its stake in ConocoPhillips by 3.0% in the fourth quarter. Orrstown Financial Services Inc. now owns 3,342 shares of the energy producer's stock worth $331,000 after acquiring an additional 96 shares during the period. Smithfield Trust Co boosted its holdings in ConocoPhillips by 3.3% in the third quarter. Smithfield Trust Co now owns 3,132 shares of the energy producer's stock valued at $332,000 after acquiring an additional 100 shares in the last quarter. Principle Wealth Partners LLC increased its position in ConocoPhillips by 0.3% during the 4th quarter. Principle Wealth Partners LLC now owns 37,255 shares of the energy producer's stock valued at $3,695,000 after purchasing an additional 100 shares during the period. Finally, Verus Capital Partners LLC raised its holdings in ConocoPhillips by 2.0% in the 3rd quarter. Verus Capital Partners LLC now owns 5,137 shares of the energy producer's stock worth $541,000 after purchasing an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 82.36% of the company's stock.

Insider Activity

In other news, Director R A. Walker acquired 10,400 shares of the business's stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average price of $97.80 per share, with a total value of $1,017,120.00. Following the completion of the acquisition, the director now directly owns 38,000 shares of the company's stock, valued at approximately $3,716,400. The trade was a 37.68 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Arjun N. Murti acquired 2,500 shares of ConocoPhillips stock in a transaction that occurred on Friday, December 20th. The shares were purchased at an average price of $95.87 per share, with a total value of $239,675.00. Following the transaction, the director now owns 21,500 shares of the company's stock, valued at $2,061,205. The trade was a 13.16 % increase in their position. The disclosure for this purchase can be found here. 0.34% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on COP shares. Evercore ISI reaffirmed an "outperform" rating and set a $165.00 target price on shares of ConocoPhillips in a research note on Friday, December 6th. Susquehanna raised their target price on ConocoPhillips from $144.00 to $148.00 and gave the company a "positive" rating in a research note on Friday, November 1st. Piper Sandler reduced their price target on ConocoPhillips from $135.00 to $114.00 and set an "overweight" rating on the stock in a research note on Thursday, December 19th. Mizuho upgraded ConocoPhillips from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $132.00 to $134.00 in a report on Monday, December 16th. Finally, UBS Group dropped their target price on shares of ConocoPhillips from $140.00 to $137.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, ConocoPhillips presently has a consensus rating of "Moderate Buy" and a consensus target price of $133.56.

ConocoPhillips Stock Down 4.0 %

COP traded down $4.10 during trading on Friday, hitting $97.90. 8,561,843 shares of the company's stock traded hands, compared to its average volume of 6,781,136. The stock has a market capitalization of $124.57 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 0.78 and a beta of 1.18. The company's 50 day simple moving average is $100.17 and its two-hundred day simple moving average is $105.48. ConocoPhillips has a 12-month low of $94.23 and a 12-month high of $135.18. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36.

ConocoPhillips (NYSE:COP - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, beating the consensus estimate of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. Analysts predict that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be paid a $0.78 dividend. The ex-dividend date is Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.19%. ConocoPhillips's dividend payout ratio is presently 40.05%.

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.