First Bancorp Inc ME Buys 980 Shares of ConocoPhillips (NYSE:COP)

First Bancorp Inc ME raised its stake in shares of ConocoPhillips (NYSE:COPGet Rating) by 40.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,429 shares of the energy producer’s stock after purchasing an additional 980 shares during the quarter. First Bancorp Inc ME’s holdings in ConocoPhillips were worth $308,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Delos Wealth Advisors LLC boosted its position in shares of ConocoPhillips by 1,300.0% during the 4th quarter. Delos Wealth Advisors LLC now owns 378 shares of the energy producer’s stock valued at $27,000 after acquiring an additional 351 shares in the last quarter. James Investment Research Inc. acquired a new stake in shares of ConocoPhillips during the 1st quarter valued at about $29,000. Fairfield Bush & CO. acquired a new stake in shares of ConocoPhillips during the 1st quarter valued at about $31,000. Versant Capital Management Inc boosted its position in shares of ConocoPhillips by 93.1% during the 1st quarter. Versant Capital Management Inc now owns 365 shares of the energy producer’s stock valued at $37,000 after acquiring an additional 176 shares in the last quarter. Finally, DeDora Capital Inc. acquired a new stake in shares of ConocoPhillips during the 1st quarter valued at about $39,000. Institutional investors own 79.66% of the company’s stock.

Insider Activity at ConocoPhillips

In other ConocoPhillips news, EVP Nicholas G. Olds sold 10,950 shares of the company’s stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $116.52, for a total value of $1,275,894.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.08% of the stock is currently owned by company insiders.

ConocoPhillips Trading Down 0.0 %

NYSE COP traded down $0.04 during trading hours on Thursday, hitting $111.05. The company’s stock had a trading volume of 331,352 shares, compared to its average volume of 6,937,647. The stock has a fifty day moving average of $101.85 and a 200 day moving average of $101.18. ConocoPhillips has a twelve month low of $60.21 and a twelve month high of $124.08. The firm has a market capitalization of $143.64 billion, a P/E ratio of 9.18, a PEG ratio of 0.39 and a beta of 1.31. The company has a quick ratio of 1.44, a current ratio of 1.54 and a debt-to-equity ratio of 0.32.

ConocoPhillips (NYSE:COPGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The energy producer reported $3.91 earnings per share for the quarter, missing the consensus estimate of $3.95 by ($0.04). ConocoPhillips had a net margin of 23.10% and a return on equity of 31.24%. During the same quarter last year, the business earned $1.27 earnings per share. Equities research analysts forecast that ConocoPhillips will post 14.54 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a None dividend, which was paid on Thursday, September 1st. Investors of record on Tuesday, August 16th were issued a $1.40 dividend. The ex-dividend date of this dividend was Thursday, September 29th. ConocoPhillips’s dividend payout ratio is currently 15.19%.

Wall Street Analysts Forecast Growth

COP has been the topic of a number of recent analyst reports. Piper Sandler boosted their price target on shares of ConocoPhillips from $123.00 to $134.00 and gave the company an “overweight” rating in a research report on Monday, September 12th. MKM Partners boosted their price target on shares of ConocoPhillips from $110.00 to $118.00 and gave the company a “buy” rating in a research report on Friday, August 26th. Mizuho reduced their price target on shares of ConocoPhillips from $148.00 to $138.00 and set a “buy” rating on the stock in a research report on Thursday, August 18th. StockNews.com lowered shares of ConocoPhillips from a “buy” rating to a “hold” rating in a research report on Tuesday, August 16th. Finally, Societe Generale boosted their price target on shares of ConocoPhillips to $127.00 in a research report on Thursday, June 9th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $121.79.

ConocoPhillips Company Profile

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ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. It primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.

See Also

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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