Whittier Trust Co. Acquires 36,782 Shares of ConocoPhillips $COP

Key Points

• Whittier Trust Co. increased its holdings in ConocoPhillips by 14.7%, acquiring an additional 36,782 shares, bringing its total to 286,605 shares valued at approximately $25.72 million.
• ConocoPhillips recently reported $1.42 EPS for the latest quarter, exceeding estimates, with a net margin of 15.26% and a year-over-year revenue increase of 4.3%.
• Analysts maintain a predominantly positive outlook on ConocoPhillips, with 18 Buy ratings and an average target price of $115.63.

Whittier Trust Co. boosted its holdings in ConocoPhillips (NYSE:COP - Free Report) by 14.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 286,605 shares of the energy producer's stock after buying an additional 36,782 shares during the quarter. Whittier Trust Co.'s holdings in ConocoPhillips were worth $25,719,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Schwartz Investment Counsel Inc. raised its holdings in ConocoPhillips by 159.6% in the 1st quarter. Schwartz Investment Counsel Inc. now owns 48,800 shares of the energy producer's stock valued at $5,125,000 after buying an additional 30,000 shares during the last quarter. Aberdeen Group plc raised its holdings in ConocoPhillips by 49.3% in the 1st quarter. Aberdeen Group plc now owns 801,426 shares of the energy producer's stock valued at $83,969,000 after buying an additional 264,726 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in ConocoPhillips by 17.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 154,360 shares of the energy producer's stock valued at $13,927,000 after buying an additional 22,827 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its position in ConocoPhillips by 17.7% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 37,361 shares of the energy producer's stock valued at $3,924,000 after purchasing an additional 5,627 shares during the period. Finally, Lynx Investment Advisory increased its position in ConocoPhillips by 316.6% during the 1st quarter. Lynx Investment Advisory now owns 10,769 shares of the energy producer's stock valued at $1,131,000 after purchasing an additional 8,184 shares during the period. Institutional investors own 82.36% of the company's stock.

ConocoPhillips Stock Performance

Shares of COP stock opened at $87.01 on Tuesday. The company has a market cap of $108.67 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 2.29 and a beta of 0.62. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $115.38. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average of $93.91 and a 200-day moving average of $91.92.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The energy producer reported $1.42 EPS for the quarter, topping the consensus estimate of $1.36 by $0.06. The company had revenue of $14.94 billion during the quarter, compared to the consensus estimate of $14.39 billion. ConocoPhillips had a net margin of 15.26% and a return on equity of 14.60%. The company's quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.98 EPS. On average, equities analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were given a $0.78 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $3.12 annualized dividend and a yield of 3.6%. ConocoPhillips's dividend payout ratio (DPR) is presently 41.88%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on COP shares. The Goldman Sachs Group decreased their target price on shares of ConocoPhillips from $111.00 to $108.00 and set a "buy" rating for the company in a research report on Friday. Susquehanna decreased their target price on shares of ConocoPhillips to $113.00 and set a "positive" rating for the company in a research report on Monday. JPMorgan Chase & Co. increased their target price on shares of ConocoPhillips from $114.00 to $115.00 and gave the company an "overweight" rating in a research report on Thursday, October 9th. UBS Group decreased their target price on shares of ConocoPhillips from $124.00 to $122.00 and set a "buy" rating for the company in a research report on Monday, October 13th. Finally, Melius started coverage on shares of ConocoPhillips in a research report on Wednesday, August 20th. They set a "hold" rating and a $117.00 target price for the company. Eighteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $115.63.

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.

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