Heritage Trust Co Makes New Investment in ConocoPhillips (NYSE:COP)

Heritage Trust Co acquired a new position in shares of ConocoPhillips (NYSE:COP - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 20,063 shares of the energy producer's stock, valued at approximately $1,990,000.

Other institutional investors also recently modified their holdings of the company. Eley Financial Management Inc raised its stake in ConocoPhillips by 2.5% in the 4th quarter. Eley Financial Management Inc now owns 10,925 shares of the energy producer's stock worth $1,083,000 after purchasing an additional 269 shares in the last quarter. Summit Financial Wealth Advisors LLC increased its holdings in shares of ConocoPhillips by 10.9% during the fourth quarter. Summit Financial Wealth Advisors LLC now owns 4,042 shares of the energy producer's stock worth $398,000 after purchasing an additional 396 shares during the period. Treasurer of the State of North Carolina raised its position in shares of ConocoPhillips by 19.5% in the fourth quarter. Treasurer of the State of North Carolina now owns 612,020 shares of the energy producer's stock valued at $60,694,000 after buying an additional 99,714 shares in the last quarter. Legacy Financial Advisors Inc. boosted its stake in shares of ConocoPhillips by 12.3% in the fourth quarter. Legacy Financial Advisors Inc. now owns 7,826 shares of the energy producer's stock valued at $776,000 after buying an additional 858 shares during the period. Finally, LSV Asset Management grew its position in ConocoPhillips by 291.2% during the fourth quarter. LSV Asset Management now owns 1,228,528 shares of the energy producer's stock worth $121,833,000 after buying an additional 914,478 shares in the last quarter. Institutional investors own 82.36% of the company's stock.

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ConocoPhillips Stock Down 0.2 %

Shares of NYSE COP traded down $0.20 during trading on Tuesday, hitting $86.25. 1,939,717 shares of the company traded hands, compared to its average volume of 7,044,827. The firm has a market capitalization of $109.03 billion, a price-to-earnings ratio of 11.07, a P/E/G ratio of 0.79 and a beta of 0.83. The business's fifty day moving average is $96.24 and its 200 day moving average is $101.91. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $132.61.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share 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%. Equities research analysts predict that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 3.62%. The ex-dividend date was Friday, February 14th. ConocoPhillips's payout ratio is currently 40.05%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on COP shares. Barclays cut their price target on shares of ConocoPhillips from $137.00 to $135.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Scotiabank decreased their price target on ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating on the stock in a research note on Friday. TD Cowen started coverage on ConocoPhillips in a research report on Friday, January 17th. They set a "buy" rating and a $125.00 price objective for the company. JPMorgan Chase & Co. lowered their target price on ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Finally, Royal Bank of Canada reduced their price target on shares of ConocoPhillips from $133.00 to $120.00 and set an "outperform" rating on the stock in a research note on Monday. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $128.84.

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.