Boston Trust Walden Corp Has $30.86 Million Position in ConocoPhillips $COP

Boston Trust Walden Corp trimmed its position in shares of ConocoPhillips (NYSE:COP) by 19.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 326,196 shares of the energy producer’s stock after selling 77,272 shares during the quarter. Boston Trust Walden Corp’s holdings in ConocoPhillips were worth $30,855,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. DRW Securities LLC raised its stake in shares of ConocoPhillips by 8.2% during the first quarter. DRW Securities LLC now owns 5,599 shares of the energy producer’s stock valued at $587,000 after acquiring an additional 423 shares during the last quarter. Retirement Planning Co of New England Inc. grew its stake in shares of ConocoPhillips by 6.7% in the first quarter. Retirement Planning Co of New England Inc. now owns 2,354 shares of the energy producer’s stock worth $247,000 after purchasing an additional 148 shares during the last quarter. First Financial Bankshares Inc increased its holdings in ConocoPhillips by 3.4% in the first quarter. First Financial Bankshares Inc now owns 576,005 shares of the energy producer’s stock valued at $60,492,000 after purchasing an additional 18,856 shares during the period. Focus Partners Advisor Solutions LLC raised its position in ConocoPhillips by 41.6% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 50,314 shares of the energy producer’s stock worth $5,284,000 after purchasing an additional 14,791 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its holdings in ConocoPhillips by 12.2% during the 1st quarter. EP Wealth Advisors LLC now owns 51,268 shares of the energy producer’s stock worth $5,384,000 after buying an additional 5,571 shares during the period. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips Stock Up 1.1%

Shares of NYSE COP opened at $92.54 on Tuesday. The firm has a market cap of $114.35 billion, a PE ratio of 13.09, a P/E/G ratio of 2.07 and a beta of 0.32. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $106.20. The company’s fifty day simple moving average is $90.16 and its 200 day simple moving average is $92.50. The company has a quick ratio of 1.18, a current ratio of 1.32 and a debt-to-equity ratio of 0.35.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, November 6th. The energy producer reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.20. The firm had revenue of $15.03 billion during the quarter, compared to the consensus estimate of $14.51 billion. ConocoPhillips had a net margin of 14.25% and a return on equity of 13.64%. The business’s revenue was up 14.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.78 earnings per share. As a group, sell-side analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were issued a $0.84 dividend. The ex-dividend date was Monday, November 17th. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.78. This represents a $3.36 annualized dividend and a yield of 3.6%. ConocoPhillips’s dividend payout ratio is currently 47.52%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on COP. Weiss Ratings restated a “hold (c-)” rating on shares of ConocoPhillips in a research report on Monday, December 22nd. Wells Fargo & Company began coverage on shares of ConocoPhillips in a research report on Friday, October 17th. They set an “equal weight” rating and a $100.00 target price for the company. Morgan Stanley dropped their price target on shares of ConocoPhillips from $122.00 to $117.00 and set an “overweight” rating on the stock in a research report on Thursday, November 20th. Wolfe Research reaffirmed an “outperform” rating and issued a $131.00 price objective on shares of ConocoPhillips in a research note on Thursday, November 6th. Finally, Susquehanna lowered their target price on shares of ConocoPhillips to $113.00 and set a “positive” rating for the company in a research note on Monday, October 20th. Nineteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, ConocoPhillips has a consensus rating of “Moderate Buy” and an average price target of $114.08.

Insider Buying and Selling

In other news, Director William H. Mcraven acquired 5,768 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was purchased at an average price of $86.68 per share, for a total transaction of $499,970.24. Following the completion of the acquisition, the director directly owned 5,768 shares in the company, valued at $499,970.24. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Ryan Michael Lance sold 500,708 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $92.50, for a total value of $46,315,490.00. Following the transaction, the chief executive officer directly owned 325,972 shares in the company, valued at $30,152,410. The trade was a 60.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.24% of the company’s stock.

About ConocoPhillips

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.