Hilltop National Bank Takes Position in ConocoPhillips $COP

Hilltop National Bank bought a new position in shares of ConocoPhillips (NYSE:COP - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,276 shares of the energy producer's stock, valued at approximately $1,730,000.

Several other large investors have also added to or reduced their stakes in COP. Financial Network Wealth Advisors LLC raised its position in ConocoPhillips by 341.5% during the first quarter. Financial Network Wealth Advisors LLC now owns 287 shares of the energy producer's stock worth $30,000 after acquiring an additional 222 shares in the last quarter. Stone House Investment Management LLC bought a new stake in ConocoPhillips during the first quarter worth $31,000. Garde Capital Inc. bought a new position in shares of ConocoPhillips in the first quarter valued at about $35,000. IMA Advisory Services Inc. bought a new position in shares of ConocoPhillips in the first quarter valued at about $37,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in shares of ConocoPhillips by 418.6% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 363 shares of the energy producer's stock valued at $38,000 after purchasing an additional 293 shares during the period. Institutional investors and hedge funds own 82.36% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on COP. Susquehanna dropped their price objective on shares of ConocoPhillips from $114.00 to $113.00 and set a "positive" rating on the stock in a research report on Wednesday, July 23rd. Raymond James Financial decreased their price target on shares of ConocoPhillips from $117.00 to $115.00 and set an "outperform" rating on the stock in a report on Monday, September 8th. BMO Capital Markets lifted their target price on shares of ConocoPhillips from $113.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, September 22nd. Wells Fargo & Company restated an "overweight" rating and issued a $117.00 price target (up previously from $113.00) on shares of ConocoPhillips in a research report on Thursday, June 26th. Finally, Citigroup lowered their price objective on shares of ConocoPhillips from $140.00 to $115.00 and set a "buy" rating for the company in a research note on Wednesday, June 11th. Sixteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, ConocoPhillips presently has a consensus rating of "Moderate Buy" and a consensus price target of $120.14.

ConocoPhillips Stock Performance

NYSE:COP opened at $93.45 on Friday. The firm has a market cap of $116.71 billion, a PE ratio of 12.54, a price-to-earnings-growth ratio of 2.51 and a beta of 0.62. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $116.08. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.27. The business has a 50 day moving average price of $94.94 and a 200-day moving average price of $92.96.

ConocoPhillips (NYSE:COP - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The energy producer reported $1.42 earnings per share for the quarter, beating analysts' consensus estimates of $1.36 by $0.06. The firm had revenue of $14.94 billion during the quarter, compared to analyst estimates of $14.39 billion. ConocoPhillips had a return on equity of 14.60% and a net margin of 15.26%.The business's quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.98 earnings per share. Equities research analysts predict that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were paid a $0.78 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $3.12 dividend on an annualized basis and a yield of 3.3%. ConocoPhillips's dividend payout ratio (DPR) is presently 41.88%.

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.

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