OLD Second National Bank of Aurora Has $33,000 Stake in ConocoPhillips (NYSE:COP)

OLD Second National Bank of Aurora decreased its position in ConocoPhillips (NYSE:COP) by 33.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 334 shares of the energy producer’s stock after selling 168 shares during the period. OLD Second National Bank of Aurora’s holdings in ConocoPhillips were worth $33,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Sentry LLC increased its stake in ConocoPhillips by 88.8% in the fourth quarter. Sentry LLC now owns 7,482 shares of the energy producer’s stock valued at $742,000 after purchasing an additional 3,519 shares in the last quarter. Busey Bank increased its stake in ConocoPhillips by 7.5% in the fourth quarter. Busey Bank now owns 13,987 shares of the energy producer’s stock valued at $1,387,000 after purchasing an additional 970 shares in the last quarter. Synergy Asset Management LLC bought a new stake in ConocoPhillips in the fourth quarter valued at $56,000. Gries Financial LLC increased its stake in ConocoPhillips by 5.5% in the fourth quarter. Gries Financial LLC now owns 7,924 shares of the energy producer’s stock valued at $786,000 after purchasing an additional 413 shares in the last quarter. Finally, Hanson & Doremus Investment Management increased its stake in ConocoPhillips by 12.8% in the fourth quarter. Hanson & Doremus Investment Management now owns 7,937 shares of the energy producer’s stock valued at $787,000 after purchasing an additional 900 shares in the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

Insider Buying and Selling at ConocoPhillips

In other news, Director Arjun N. Murti bought 2,500 shares of the stock in a transaction on Friday, December 20th. The shares were acquired at an average cost of $95.87 per share, for a total transaction of $239,675.00. Following the purchase, the director now directly owns 21,500 shares of the company’s stock, valued at $2,061,205. This trade represents a 13.16 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director R A. Walker bought 10,400 shares of the stock in a transaction on Tuesday, December 17th. The stock was purchased at an average price of $97.80 per share, for a total transaction of $1,017,120.00. Following the completion of the purchase, the director now directly owns 38,000 shares in the company, valued at approximately $3,716,400. This represents a 37.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.34% of the company’s stock.

ConocoPhillips Trading Down 0.1 %

Shares of COP stock opened at $101.41 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.16 and a current ratio of 1.30. The company has a market capitalization of $116.72 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 0.78 and a beta of 1.19. ConocoPhillips has a 52-week low of $94.23 and a 52-week high of $135.18. The company has a 50-day simple moving average of $102.29 and a two-hundred day simple moving average of $106.86.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, October 31st. The energy producer reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.10. The firm had revenue of $13.60 billion for the quarter, compared to analysts’ expectations of $13.97 billion. ConocoPhillips had a net margin of 17.29% and a return on equity of 19.53%. The company’s quarterly revenue was down 8.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.16 earnings per share. Research analysts anticipate that ConocoPhillips will post 7.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

COP has been the subject of several research analyst reports. Wells Fargo & Company decreased their price target on shares of ConocoPhillips from $134.00 to $132.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Mizuho raised shares of ConocoPhillips from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $132.00 to $134.00 in a research note on Monday, December 16th. Piper Sandler decreased their target price 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. 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 research report on Monday, January 13th. Finally, JPMorgan Chase & Co. raised shares of ConocoPhillips from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $120.00 to $123.00 in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $135.89.

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.