Simmons Bank Has $3.03 Million Stock Holdings in ConocoPhillips (NYSE:COP)

Simmons Bank lowered its holdings in shares of ConocoPhillips (NYSE:COP) by 2.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 26,081 shares of the energy producer’s stock after selling 674 shares during the period. Simmons Bank’s holdings in ConocoPhillips were worth $3,027,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Orion Capital Management LLC bought a new position in shares of ConocoPhillips during the 3rd quarter worth approximately $27,000. West Branch Capital LLC boosted its position in ConocoPhillips by 87.8% during the fourth quarter. West Branch Capital LLC now owns 231 shares of the energy producer’s stock worth $27,000 after purchasing an additional 108 shares during the period. Oliver Lagore Vanvalin Investment Group increased its holdings in shares of ConocoPhillips by 63.1% in the third quarter. Oliver Lagore Vanvalin Investment Group now owns 287 shares of the energy producer’s stock valued at $34,000 after purchasing an additional 111 shares during the last quarter. Spartan Planning & Wealth Management bought a new position in shares of ConocoPhillips in the third quarter valued at about $40,000. Finally, Milestone Investment Advisors LLC acquired a new stake in shares of ConocoPhillips during the 3rd quarter worth about $46,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on COP shares. Piper Sandler boosted their price objective on ConocoPhillips from $145.00 to $157.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Raymond James cut their target price on ConocoPhillips from $140.00 to $137.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 24th. Wells Fargo & Company boosted their price objective on shares of ConocoPhillips from $149.00 to $151.00 and gave the company an “overweight” rating in a research report on Friday. Barclays started coverage on ConocoPhillips in a report on Wednesday, April 10th. They set an “overweight” rating and a $158.00 price target for the company. Finally, Truist Financial reduced their price objective on ConocoPhillips from $170.00 to $160.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $142.76.

ConocoPhillips Trading Down 0.0 %

COP traded down $0.01 during trading on Tuesday, reaching $123.54. 5,901,955 shares of the company’s stock were exchanged, compared to its average volume of 5,368,249. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.35. ConocoPhillips has a one year low of $97.42 and a one year high of $135.18. The firm has a fifty day moving average price of $124.31 and a two-hundred day moving average price of $117.59. The stock has a market capitalization of $144.48 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 2.69 and a beta of 1.25.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, February 8th. The energy producer reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.32. The company had revenue of $15.31 billion for the quarter, compared to analyst estimates of $14.47 billion. ConocoPhillips had a net margin of 18.40% and a return on equity of 20.85%. During the same quarter in the previous year, the business earned $2.71 earnings per share. As a group, equities research analysts forecast that ConocoPhillips will post 9.1 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 13th will be given a $0.78 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.53%. ConocoPhillips’s dividend payout ratio (DPR) is presently 26.27%.

Insider Activity

In related news, VP Christopher P. Delk sold 8,505 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $112.06, for a total value of $953,070.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Heather G. Hrap sold 4,548 shares of ConocoPhillips stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $110.55, for a total value of $502,781.40. Following the completion of the transaction, the senior vice president now directly owns 2,654 shares of the company’s stock, valued at approximately $293,399.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Christopher P. Delk sold 8,505 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $112.06, for a total value of $953,070.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 700,775 shares of company stock valued at $87,615,169. Company insiders own 0.34% of the company’s stock.

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.