Dorsey & Whitney Trust CO LLC Has $3.13 Million Holdings in ConocoPhillips (NYSE:COP)

Dorsey & Whitney Trust CO LLC increased its stake in shares of ConocoPhillips (NYSE:COP) by 20.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,566 shares of the energy producer’s stock after purchasing an additional 5,279 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in ConocoPhillips were worth $3,130,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Naviter Wealth LLC grew its stake in shares of ConocoPhillips by 8.9% during the fourth quarter. Naviter Wealth LLC now owns 25,202 shares of the energy producer’s stock worth $2,499,000 after purchasing an additional 2,055 shares during the period. Larson Financial Group LLC grew its stake in shares of ConocoPhillips by 18.3% during the fourth quarter. Larson Financial Group LLC now owns 27,978 shares of the energy producer’s stock worth $2,775,000 after purchasing an additional 4,319 shares during the period. HM Payson & Co. grew its stake in ConocoPhillips by 21.6% in the fourth quarter. HM Payson & Co. now owns 28,628 shares of the energy producer’s stock valued at $2,839,000 after acquiring an additional 5,094 shares during the period. Generali Investments CEE investicni spolecnost a.s. acquired a new position in ConocoPhillips in the fourth quarter valued at about $2,504,000. Finally, Banco Santander S.A. grew its stake in ConocoPhillips by 90.9% in the fourth quarter. Banco Santander S.A. now owns 24,794 shares of the energy producer’s stock valued at $2,459,000 after acquiring an additional 11,807 shares during the period. 82.36% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, Director R A. Walker acquired 10,400 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were 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 of the company’s stock, valued at approximately $3,716,400. This represents a 37.68 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Arjun N. Murti acquired 2,500 shares of the company’s stock in a transaction on Friday, December 20th. The stock was acquired at an average price 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 approximately $2,061,205. This trade represents a 13.16 % 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 Stock Performance

COP opened at $90.70 on Friday. ConocoPhillips has a 52-week low of $86.81 and a 52-week high of $135.18. The firm has a market capitalization of $115.40 billion, a PE ratio of 11.64, a PEG ratio of 0.79 and a beta of 1.12. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29. The business’s 50-day simple moving average is $99.53 and its 200 day simple moving average is $104.38.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts expect that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were paid a $0.78 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.12 annualized dividend and a yield of 3.44%. ConocoPhillips’s dividend payout ratio is 40.05%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Morgan Stanley assumed coverage on ConocoPhillips in a research note on Monday, December 16th. They issued an “overweight” rating and a $128.00 target price for the company. Raymond James cut ConocoPhillips from a “strong-buy” rating to an “outperform” rating and decreased their target price for the company from $157.00 to $124.00 in a research note on Monday, February 10th. Wells Fargo & Company decreased their target price on ConocoPhillips from $132.00 to $128.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. TD Cowen assumed coverage on ConocoPhillips in a research note on Friday, January 17th. They issued a “buy” rating and a $125.00 target price for the company. Finally, Truist Financial boosted their target price on ConocoPhillips from $138.00 to $139.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $133.47.

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.