Webster Bank N. A. Has $205,000 Stock Holdings in ConocoPhillips (NYSE:COP)

Webster Bank N. A. boosted its holdings in shares of ConocoPhillips (NYSE:COPFree Report) by 74.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,767 shares of the energy producer’s stock after buying an additional 752 shares during the period. Webster Bank N. A.’s holdings in ConocoPhillips were worth $205,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of COP. West Tower Group LLC acquired a new stake in shares of ConocoPhillips during the 2nd quarter valued at $27,000. Orion Capital Management LLC purchased a new stake in shares of ConocoPhillips during the third quarter worth $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 valued at $27,000 after purchasing an additional 108 shares during the last quarter. RVW Wealth LLC purchased a new position in ConocoPhillips in the third quarter valued at about $28,000. Finally, Fairfield Bush & CO. acquired a new position in ConocoPhillips in the 1st quarter worth about $31,000. 82.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on COP shares. Susquehanna lowered their price target on ConocoPhillips from $152.00 to $133.00 and set a “positive” rating for the company in a research note on Friday, January 26th. JPMorgan Chase & Co. decreased their target price on shares of ConocoPhillips from $153.00 to $141.00 and set a “neutral” rating for the company in a research report on Friday, December 8th. Morgan Stanley raised their price target on shares of ConocoPhillips from $123.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Piper Sandler reduced their price objective on shares of ConocoPhillips from $139.00 to $133.00 and set an “overweight” rating for the company in a research note on Thursday, March 14th. Finally, Johnson Rice downgraded shares of ConocoPhillips from an “accumulate” rating to a “hold” rating in a research report on Thursday, December 14th. Six research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.35.

Check Out Our Latest Research Report on COP

Insiders Place Their Bets

In other news, VP Christopher P. Delk sold 8,505 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $112.06, for a total value of $953,070.30. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, SVP Heather G. Hrap sold 4,548 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $110.55, for a total transaction of $502,781.40. Following the transaction, the senior vice president now directly owns 2,654 shares in the company, valued at $293,399.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher P. Delk sold 8,505 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $112.06, for a total transaction of $953,070.30. The disclosure for this sale can be found here. Insiders sold 700,775 shares of company stock worth $87,615,169 over the last three months. 0.37% of the stock is currently owned by corporate insiders.

ConocoPhillips Price Performance

NYSE:COP opened at $130.69 on Wednesday. The company has a market capitalization of $153.74 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 2.92 and a beta of 1.24. The company has a 50-day moving average of $115.53 and a 200-day moving average of $116.20. ConocoPhillips has a 52 week low of $95.70 and a 52 week high of $130.84. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.43.

ConocoPhillips (NYSE:COPGet Free Report) last announced 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. ConocoPhillips had a net margin of 18.71% and a return on equity of 22.08%. The firm had revenue of $15.31 billion during the quarter, compared to analysts’ expectations of $14.47 billion. During the same quarter last year, the company earned $2.71 earnings per share. As a group, equities research analysts anticipate that ConocoPhillips will post 8.81 earnings per share for the current fiscal year.

ConocoPhillips Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 19th were paid a $0.78 dividend. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $3.12 annualized dividend and a yield of 2.39%. ConocoPhillips’s payout ratio is currently 25.61%.

ConocoPhillips Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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