Home Federal Bank of Tennessee Buys 235 Shares of ConocoPhillips (NYSE:COP)

22 Oct 2024, 11:04 by Doug Wharley · The Cerbat Gem

Home Federal Bank of Tennessee boosted its stake in shares of ConocoPhillips (NYSE:COP – Free Report) by 1.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,358 shares of the energy producer’s stock after buying an additional 235 shares during the period. Home Federal Bank of Tennessee’s holdings in ConocoPhillips were worth $1,406,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in COP. Richardson Capital Management LLC acquired a new position in ConocoPhillips during the 1st quarter valued at about $31,000. Ruedi Wealth Management Inc. boosted its stake in ConocoPhillips by 150.0% in the 1st quarter. Ruedi Wealth Management Inc. now owns 250 shares of the energy producer’s stock worth $32,000 after purchasing an additional 150 shares in the last quarter. Stephens Consulting LLC grew its position in ConocoPhillips by 69.3% during the 2nd quarter. Stephens Consulting LLC now owns 254 shares of the energy producer’s stock worth $29,000 after purchasing an additional 104 shares during the last quarter. Valued Wealth Advisors LLC raised its holdings in shares of ConocoPhillips by 45.8% in the first quarter. Valued Wealth Advisors LLC now owns 261 shares of the energy producer’s stock worth $33,000 after buying an additional 82 shares during the last quarter. Finally, Y.D. More Investments Ltd purchased a new position in ConocoPhillips in the 2nd quarter worth $35,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. UBS Group decreased their target price on shares of ConocoPhillips from $153.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Wells Fargo & Company reissued a “sector perform” rating on shares of ConocoPhillips in a report on Friday. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $126.00 target price (down previously from $139.00) on shares of ConocoPhillips in a research report on Friday, October 11th. Susquehanna decreased their price objective on shares of ConocoPhillips from $147.00 to $144.00 and set a “positive” rating on the stock in a report on Friday. Finally, Truist Financial decreased their price target on shares of ConocoPhillips from $145.00 to $138.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. Six analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $136.94.

Get Our Latest Analysis on ConocoPhillips

Insider Buying and Selling

In other news, Director Timothy A. Leach sold 55,500 shares of the stock in a transaction dated Tuesday, August 13th. The stock was 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 in the company, valued at approximately $49,288,321.99. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.34% of the stock is currently owned by insiders.

ConocoPhillips Trading Up 0.2 %

NYSE:COP traded up $0.23 during trading hours on Tuesday, reaching $105.22. 525,791 shares of the stock were exchanged, compared to its average volume of 5,894,190. 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 has a market capitalization of $123.06 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 0.87 and a beta of 1.21. ConocoPhillips has a twelve month low of $101.29 and a twelve month high of $135.18. The business has a 50-day moving average of $108.90 and a two-hundred day moving average of $114.48.

ConocoPhillips (NYSE:COP – Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The energy producer reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.02. ConocoPhillips had a net margin of 18.18% and a return on equity of 20.81%. The company had revenue of $14.14 billion for the quarter, compared to analyst estimates of $14.96 billion. During the same period in the prior year, the firm earned $1.84 earnings per share. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, equities analysts predict that ConocoPhillips will post 7.99 EPS for the current year.

ConocoPhillips Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 12th were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend was Monday, August 12th. ConocoPhillips’s payout ratio is currently 26.27%.

ConocoPhillips Company Profile

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