ConocoPhillips (NYSE:COP) Shares Bought by Umpqua Bank

Umpqua Bank boosted its position in ConocoPhillips (NYSE:COP) by 3.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,386 shares of the energy producer’s stock after purchasing an additional 231 shares during the quarter. Umpqua Bank’s holdings in ConocoPhillips were worth $775,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Sei Investments Co. raised its position in shares of ConocoPhillips by 22.9% during the 4th quarter. Sei Investments Co. now owns 750,440 shares of the energy producer’s stock worth $74,424,000 after buying an additional 140,026 shares in the last quarter. Plancorp LLC lifted its stake in shares of ConocoPhillips by 2.7% in the 4th quarter. Plancorp LLC now owns 4,018 shares of the energy producer’s stock worth $399,000 after acquiring an additional 104 shares during the period. Mizuho Securities USA LLC lifted its stake in shares of ConocoPhillips by 62.8% in the 4th quarter. Mizuho Securities USA LLC now owns 122,600 shares of the energy producer’s stock worth $12,158,000 after acquiring an additional 47,299 shares during the period. Fi3 FINANCIAL ADVISORS LLC acquired a new stake in shares of ConocoPhillips in the 4th quarter worth approximately $212,000. Finally, Adams Natural Resources Fund Inc. lifted its stake in shares of ConocoPhillips by 16.9% in the 4th quarter. Adams Natural Resources Fund Inc. now owns 408,703 shares of the energy producer’s stock worth $40,531,000 after acquiring an additional 59,127 shares during the period. 82.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

COP has been the subject of a number of research analyst reports. Piper Sandler reduced their price target on shares of ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Evercore ISI reiterated an “outperform” rating and issued a $165.00 target price on shares of ConocoPhillips in a report on Friday, December 6th. Truist Financial boosted their target price on shares of ConocoPhillips from $138.00 to $139.00 and gave the stock a “buy” rating in a report on Monday, January 13th. 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. Finally, Wells Fargo & Company cut their price target on shares of ConocoPhillips from $132.00 to $128.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.05.

ConocoPhillips Price Performance

Shares of ConocoPhillips stock opened at $102.05 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14. ConocoPhillips has a fifty-two week low of $86.81 and a fifty-two week high of $135.18. The firm has a fifty day moving average price of $99.21 and a two-hundred day moving average price of $103.45. The company has a market cap of $129.84 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 0.79 and a beta of 1.12.

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

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date was Friday, February 14th. ConocoPhillips’s dividend payout ratio is 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.