Hills Bank & Trust Co Has $522,000 Stock Holdings in ConocoPhillips (NYSE:COP)

Hills Bank & Trust Co increased its position in shares of ConocoPhillips (NYSE:COP) by 6.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,561 shares of the energy producer’s stock after buying an additional 279 shares during the quarter. Hills Bank & Trust Co’s holdings in ConocoPhillips were worth $522,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of COP. Sachetta LLC bought a new position in shares of ConocoPhillips during the fourth quarter valued at about $27,000. Cooksen Wealth LLC bought a new position in shares of ConocoPhillips in the fourth quarter valued at approximately $27,000. Cape Investment Advisory Inc. grew its holdings in shares of ConocoPhillips by 96.0% in the fourth quarter. Cape Investment Advisory Inc. now owns 247 shares of the energy producer’s stock valued at $29,000 after acquiring an additional 121 shares in the last quarter. Richardson Capital Management LLC bought a new stake in ConocoPhillips during the first quarter worth $31,000. Finally, Northwest Bank & Trust Co purchased a new position in ConocoPhillips in the fourth quarter worth $32,000. 82.36% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Timothy A. Leach sold 55,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $108.11, for a total value of $6,000,105.00. Following the transaction, the director now owns 455,909 shares of the company’s stock, valued at $49,288,321.99. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.34% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Mizuho lowered their price target on shares of ConocoPhillips from $142.00 to $132.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 5th. UBS Group raised their price target on ConocoPhillips from $151.00 to $153.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Truist Financial dropped their price objective on ConocoPhillips from $147.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Royal Bank of Canada lifted their target price on ConocoPhillips from $135.00 to $140.00 and gave the company an “outperform” rating in a report on Wednesday, May 15th. Finally, Raymond James reissued a “strong-buy” rating and issued a $159.00 price target (up from $155.00) on shares of ConocoPhillips in a report on Thursday, May 30th. Five research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, ConocoPhillips currently has a consensus rating of “Moderate Buy” and an average target price of $143.65.

ConocoPhillips Stock Up 1.9 %

Shares of COP stock traded up $2.16 during mid-day trading on Monday, reaching $113.56. 1,843,773 shares of the company’s stock traded hands, compared to its average volume of 5,652,222. ConocoPhillips has a 12 month low of $102.27 and a 12 month high of $135.18. The company has a quick ratio of 1.19, a current ratio of 1.33 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average price is $111.42 and its 200-day moving average price is $117.01. The company has a market cap of $132.81 billion, a P/E ratio of 12.62, a P/E/G ratio of 2.22 and a beta of 1.24.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, August 1st. The energy producer reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.02. The business had revenue of $14.14 billion during the quarter, compared to analysts’ expectations of $14.96 billion. ConocoPhillips had a net margin of 18.18% and a return on equity of 20.81%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.84 earnings per share. On average, equities analysts expect that ConocoPhillips will post 8.64 earnings per share for the current fiscal year.

ConocoPhillips Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 12th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Monday, August 12th. ConocoPhillips’s dividend payout ratio is currently 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.