National Bank of Canada FI Decreases Stock Position in ConocoPhillips (NYSE:COP)

National Bank of Canada FI trimmed its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 8.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 294,198 shares of the energy producer's stock after selling 28,593 shares during the quarter. National Bank of Canada FI's holdings in ConocoPhillips were worth $34,596,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in COP. Orion Capital Management LLC bought a new stake in shares of ConocoPhillips in the 3rd quarter valued at $27,000. West Branch Capital LLC boosted its stake in shares of ConocoPhillips by 87.8% in the 4th 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. Oliver Lagore Vanvalin Investment Group boosted its stake in shares of ConocoPhillips by 63.1% in the 3rd 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 stake in shares of ConocoPhillips in the 3rd quarter valued at $40,000. Finally, Nemes Rush Group LLC boosted its stake in ConocoPhillips by 163.9% during the third quarter. Nemes Rush Group LLC now owns 380 shares of the energy producer's stock worth $46,000 after acquiring an additional 236 shares in the last quarter. 82.36% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Heather G. Hrap sold 4,548 shares of the 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other ConocoPhillips news, VP Christopher P. Delk sold 8,505 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $112.06, for a total transaction of $953,070.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Heather G. Hrap sold 4,548 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $110.55, for a total value of $502,781.40. Following the transaction, the senior vice president now directly owns 2,654 shares of the company's stock, valued at $293,399.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 700,775 shares of company stock valued at $87,615,169. Company insiders own 0.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. UBS Group increased their target price on shares of ConocoPhillips from $138.00 to $143.00 and gave the stock a "buy" rating in a research note on Wednesday, February 14th. Barclays assumed coverage on shares of ConocoPhillips in a research note on Wednesday, April 10th. They set an "overweight" rating and a $158.00 target price on the stock. Raymond James cut their target price on shares of ConocoPhillips from $140.00 to $137.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, January 24th. Scotiabank increased their target price on shares of ConocoPhillips from $120.00 to $135.00 and gave the stock a "sector perform" rating in a research note on Thursday, April 11th. Finally, Morgan Stanley increased their target price on shares of ConocoPhillips from $123.00 to $129.00 and gave the stock an "overweight" rating in a research note on Thursday, March 28th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $142.76.

ConocoPhillips Stock Up 1.1 %

Shares of COP stock traded up $1.32 on Monday, hitting $123.55. The stock had a trading volume of 4,770,581 shares, compared to its average volume of 5,362,087. The business has a 50 day moving average of $124.07 and a 200 day moving average of $117.59. The stock has a market cap of $145.35 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 2.69 and a beta of 1.25. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.35 and a quick ratio of 1.21. ConocoPhillips has a 12-month low of $97.42 and a 12-month high of $135.18.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its earnings results on Thursday, February 8th. The energy producer reported $2.40 EPS for the quarter, beating the consensus estimate of $2.08 by $0.32. The company had revenue of $15.31 billion during the quarter, compared to the consensus estimate 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 prior year, the company posted $2.71 earnings per share. As a group, analysts expect that ConocoPhillips will post 9.1 EPS for the current year.

ConocoPhillips Announces Dividend

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

ConocoPhillips Company 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.