Sunflower Bank N.A. Acquires New Holdings in ConocoPhillips (NYSE:COP)

Sunflower Bank N.A. acquired a new stake in ConocoPhillips (NYSE:COPFree Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,732 shares of the energy producer’s stock, valued at approximately $220,000.

Other large investors have also added to or reduced their stakes in the company. Cardinal Capital Management Inc. bought a new position in ConocoPhillips in the 4th quarter valued at approximately $13,468,000. Columbia Trust Co 01012016 increased its position in ConocoPhillips by 1.2% during the 4th quarter. Columbia Trust Co 01012016 now owns 9,463 shares of the energy producer’s stock valued at $1,098,000 after purchasing an additional 112 shares during the period. Raymond James & Associates increased its position in ConocoPhillips by 1.5% during the 4th quarter. Raymond James & Associates now owns 1,563,044 shares of the energy producer’s stock valued at $181,422,000 after purchasing an additional 23,572 shares during the period. Quotient Wealth Partners LLC acquired a new stake in ConocoPhillips during the 4th quarter valued at approximately $5,594,000. Finally, Townsquare Capital LLC increased its position in ConocoPhillips by 4.3% during the 3rd quarter. Townsquare Capital LLC now owns 56,739 shares of the energy producer’s stock valued at $6,797,000 after purchasing an additional 2,348 shares during the period. Institutional investors own 82.36% of the company’s stock.

Insider Transactions at ConocoPhillips

In other news, CEO Ryan Michael Lance sold 607,000 shares of ConocoPhillips stock in a transaction on Monday, March 25th. The stock was sold at an average price of $125.91, for a total transaction of $76,427,370.00. Following the sale, the chief executive officer now directly owns 6,780 shares in the company, valued at approximately $853,669.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Nicholas G. Olds sold 12,150 shares of ConocoPhillips stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $126.44, for a total value of $1,536,246.00. Following the completion of the sale, the executive vice president now owns 14,522 shares of the company’s stock, valued at approximately $1,836,161.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Ryan Michael Lance sold 607,000 shares of ConocoPhillips stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $125.91, for a total value of $76,427,370.00. Following the completion of the sale, the chief executive officer now directly owns 6,780 shares of the company’s stock, valued at approximately $853,669.80. The disclosure for this sale can be found here. Company insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Piper Sandler increased their target price on shares of ConocoPhillips from $145.00 to $157.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. StockNews.com raised shares of ConocoPhillips from a “hold” rating to a “buy” rating in a research report on Wednesday, June 12th. Argus raised shares of ConocoPhillips to a “strong-buy” rating in a research report on Friday, June 7th. Mizuho decreased their target price on shares of ConocoPhillips from $142.00 to $132.00 and set a “neutral” rating for the company in a research report on Wednesday, June 5th. Finally, Bank of America reaffirmed a “buy” rating and set a $147.00 price objective on shares of ConocoPhillips in a research report on Friday, June 14th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $144.18.

Check Out Our Latest Analysis on ConocoPhillips

ConocoPhillips Stock Up 0.4 %

NYSE:COP traded up $0.40 during trading hours on Friday, hitting $111.73. 3,581,039 shares of the company traded hands, compared to its average volume of 5,488,466. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.35. The firm’s 50-day simple moving average is $120.16 and its 200-day simple moving average is $117.46. ConocoPhillips has a one year low of $99.35 and a one year high of $135.18. The company has a market cap of $130.67 billion, a PE ratio of 12.60, a PEG ratio of 1.95 and a beta of 1.22.

ConocoPhillips (NYSE:COPGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The energy producer reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.04. ConocoPhillips had a return on equity of 20.85% and a net margin of 18.40%. The business had revenue of $14.48 billion for the quarter, compared to analysts’ expectations of $14.72 billion. Equities analysts predict that ConocoPhillips will post 8.91 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 13th were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date was Friday, May 10th. ConocoPhillips’s payout ratio is 26.27%.

About ConocoPhillips

(Free Report)

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.

See Also

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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