Whittier Trust Co. Has $2.03 Million Stock Position in ConocoPhillips (NYSE:COP)

Whittier Trust Co. grew its stake in ConocoPhillips (NYSE:COP) by 1.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,433 shares of the energy producer’s stock after purchasing an additional 340 shares during the quarter. Whittier Trust Co.’s holdings in ConocoPhillips were worth $2,026,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in COP. LPL Financial LLC lifted its stake in shares of ConocoPhillips by 3.1% in the 3rd quarter. LPL Financial LLC now owns 1,021,324 shares of the energy producer’s stock valued at $107,525,000 after purchasing an additional 30,772 shares during the period. Thompson Siegel & Walmsley LLC increased its position in shares of ConocoPhillips by 8.7% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,807 shares of the energy producer’s stock valued at $296,000 after buying an additional 225 shares in the last quarter. Smithfield Trust Co increased its position 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 in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of ConocoPhillips by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,096,450 shares of the energy producer’s stock valued at $747,114,000 after buying an additional 153,944 shares in the last quarter. Finally, Eagle Asset Management Inc. increased its position in shares of ConocoPhillips by 2.8% in the 3rd quarter. Eagle Asset Management Inc. now owns 32,985 shares of the energy producer’s stock valued at $3,681,000 after buying an additional 910 shares in the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Trading Down 0.3 %

NYSE COP opened at $102.05 on Friday. The company has a market cap of $129.84 billion, a PE ratio of 13.10, a PEG ratio of 0.79 and a beta of 1.12. 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 has a 12 month low of $86.81 and a 12 month high of $135.18. The stock has a 50 day moving average of $99.21 and a 200-day moving average of $103.45.

ConocoPhillips (NYSE:COP) 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%. On average, equities research analysts anticipate that ConocoPhillips will post 8.16 EPS 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 paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date was Friday, February 14th. ConocoPhillips’s dividend payout ratio (DPR) is presently 40.05%.

Analyst Upgrades and Downgrades

COP has been the subject of a number of recent analyst reports. Truist Financial upped their price objective on shares of ConocoPhillips from $138.00 to $139.00 and gave the company a “buy” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. lowered their price objective on shares of ConocoPhillips from $127.00 to $115.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. The Goldman Sachs Group set a $132.00 price objective on shares of ConocoPhillips in a research report on Thursday, January 30th. Piper Sandler lowered their price objective on shares of ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Finally, Wells Fargo & Company lowered their target price on ConocoPhillips from $132.00 to $128.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Two research 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. Based on data from MarketBeat.com, ConocoPhillips has a consensus rating of “Moderate Buy” and a consensus target price of $133.05.

About ConocoPhillips

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.