ConocoPhillips (NYSE:COP) is OLD Point Trust & Financial Services N A's 3rd Largest Position

OLD Point Trust & Financial Services N A increased its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 34.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 103,109 shares of the energy producer's stock after purchasing an additional 26,688 shares during the quarter. ConocoPhillips accounts for approximately 3.6% of OLD Point Trust & Financial Services N A's holdings, making the stock its 3rd biggest position. OLD Point Trust & Financial Services N A's holdings in ConocoPhillips were worth $10,225,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cypress Capital Group boosted its stake in ConocoPhillips by 0.5% during the 3rd quarter. Cypress Capital Group now owns 18,790 shares of the energy producer's stock valued at $1,978,000 after acquiring an additional 96 shares during the last quarter. Orrstown Financial Services Inc. lifted its position in shares of ConocoPhillips by 3.0% in the 4th quarter. Orrstown Financial Services Inc. now owns 3,342 shares of the energy producer's stock worth $331,000 after buying an additional 96 shares during the last quarter. Smithfield Trust Co boosted its holdings in shares of ConocoPhillips by 3.3% in the 3rd quarter. Smithfield Trust Co now owns 3,132 shares of the energy producer's stock valued at $332,000 after buying an additional 100 shares during the period. Principle Wealth Partners LLC grew its position in shares of 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 buying an additional 100 shares during the last quarter. Finally, Arlington Trust Co LLC raised its stake in ConocoPhillips by 1.2% during the fourth quarter. Arlington Trust Co LLC now owns 8,640 shares of the energy producer's stock worth $857,000 after acquiring an additional 102 shares during the period. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

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ConocoPhillips Price Performance

NYSE:COP traded up $0.36 during trading hours on Monday, reaching $102.28. 6,767,381 shares of the company's stock were exchanged, compared to its average volume of 6,434,781. The company has a market capitalization of $130.14 billion, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 0.79 and a beta of 1.12. ConocoPhillips has a 12 month low of $86.81 and a 12 month high of $135.18. The business's 50-day simple moving average is $99.17 and its two-hundred day simple moving average is $103.33. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. Sell-side analysts expect that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.05%. ConocoPhillips's dividend payout ratio is currently 40.05%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on COP shares. The Goldman Sachs Group set a $132.00 target price on ConocoPhillips in a research note on Thursday, January 30th. Evercore ISI restated an "outperform" rating and set a $165.00 price target on shares of ConocoPhillips in a research report on Friday, December 6th. Wells Fargo & Company cut their price objective on shares of ConocoPhillips from $132.00 to $128.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. UBS Group decreased their target price on shares of ConocoPhillips from $140.00 to $137.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. Finally, Morgan Stanley began coverage on ConocoPhillips in a report on Monday, December 16th. They set an "overweight" rating and a $128.00 price target on the stock. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $133.05.

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.