Intrust Bank NA Has $5.49 Million Stock Position in ConocoPhillips (NYSE:COP)

Intrust Bank NA reduced its position in ConocoPhillips (NYSE:COP) by 2.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,390 shares of the energy producer’s stock after selling 1,265 shares during the period. ConocoPhillips comprises about 0.6% of Intrust Bank NA’s holdings, making the stock its 29th largest position. Intrust Bank NA’s holdings in ConocoPhillips were worth $5,493,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Allstate Corp acquired a new position in ConocoPhillips in the fourth quarter worth approximately $3,851,000. Brown Brothers Harriman & Co. grew its position in ConocoPhillips by 29.1% in the fourth quarter. Brown Brothers Harriman & Co. now owns 7,253 shares of the energy producer’s stock worth $719,000 after acquiring an additional 1,637 shares in the last quarter. RiverFront Investment Group LLC increased its stake in shares of ConocoPhillips by 15.9% during the 4th quarter. RiverFront Investment Group LLC now owns 3,939 shares of the energy producer’s stock worth $391,000 after purchasing an additional 539 shares during the last quarter. Slagle Financial LLC raised its holdings in shares of ConocoPhillips by 5.4% during the 4th quarter. Slagle Financial LLC now owns 20,824 shares of the energy producer’s stock valued at $2,065,000 after purchasing an additional 1,066 shares in the last quarter. Finally, denkapparat Operations GmbH acquired a new stake in shares of ConocoPhillips in the 4th quarter valued at $272,000. 82.36% of the stock is owned by hedge funds and other institutional investors.

ConocoPhillips Trading Down 0.4 %

Shares of COP opened at $102.37 on Friday. ConocoPhillips has a 12-month low of $86.81 and a 12-month high of $135.18. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $130.26 billion, a price-to-earnings ratio of 13.14, a P/E/G ratio of 0.79 and a beta of 1.12. The stock’s 50-day moving average price is $98.95 and its 200 day moving average price is $103.28.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. As a group, research analysts predict that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date was Friday, February 14th. ConocoPhillips’s payout ratio is 40.05%.

Wall Street Analysts Forecast Growth

COP has been the topic of several analyst reports. UBS Group lowered their target price on shares of ConocoPhillips from $140.00 to $137.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Mizuho raised ConocoPhillips from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $132.00 to $134.00 in a report on Monday, December 16th. Evercore ISI restated an “outperform” rating and issued a $165.00 target price on shares of ConocoPhillips in a report on Friday, December 6th. Raymond James cut ConocoPhillips from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from $157.00 to $124.00 in a research report on Monday, February 10th. Finally, Morgan Stanley reduced their price objective on shares of ConocoPhillips from $131.00 to $126.00 and set an “overweight” rating for the company in a research note on Thursday. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, ConocoPhillips has a consensus rating of “Moderate Buy” and an average target price of $132.95.

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.