Foster & Motley Inc. Purchases 2,314 Shares of ConocoPhillips (NYSE:COP)

Foster & Motley Inc. lifted its position in ConocoPhillips (NYSE:COP) by 19.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,150 shares of the energy producer’s stock after purchasing an additional 2,314 shares during the quarter. Foster & Motley Inc.’s holdings in ConocoPhillips were worth $1,403,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Manning & Napier Advisors LLC increased its stake in ConocoPhillips by 4.7% in the fourth quarter. Manning & Napier Advisors LLC now owns 268,605 shares of the energy producer’s stock valued at $26,638,000 after acquiring an additional 12,081 shares during the last quarter. Ibex Wealth Advisors bought a new position in ConocoPhillips in the fourth quarter valued at $205,000. Invesco LLC boosted its position in ConocoPhillips by 4.4% during the fourth quarter. Invesco LLC now owns 8,623 shares of the energy producer’s stock valued at $855,000 after buying an additional 365 shares during the period. Orrstown Financial Services Inc. boosted its position in ConocoPhillips by 3.0% during the fourth quarter. Orrstown Financial Services Inc. now owns 3,342 shares of the energy producer’s stock valued at $331,000 after buying an additional 96 shares during the period. Finally, Field & Main Bank boosted its position in ConocoPhillips by 25.6% during the fourth quarter. Field & Main Bank now owns 3,951 shares of the energy producer’s stock valued at $392,000 after buying an additional 806 shares during the period. Institutional investors own 82.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on COP shares. Scotiabank cut their target price on ConocoPhillips from $120.00 to $115.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Barclays lifted their price objective on ConocoPhillips from $135.00 to $137.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Evercore ISI reiterated an “outperform” rating and set a $165.00 target price on shares of ConocoPhillips in a report on Friday, December 6th. Morgan Stanley began coverage on shares of ConocoPhillips in a report on Monday, December 16th. They issued an “overweight” rating and a $128.00 price objective for the company. Finally, JPMorgan Chase & Co. upgraded shares of ConocoPhillips from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $120.00 to $123.00 in a report on Thursday, December 5th. Two research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $135.89.

ConocoPhillips Trading Down 0.1 %

Shares of COP stock opened at $101.41 on Friday. ConocoPhillips has a 1 year low of $94.23 and a 1 year high of $135.18. The firm has a fifty day moving average price of $102.29 and a 200-day moving average price of $106.86. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 1.16. The company has a market cap of $116.71 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 0.86 and a beta of 1.19.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, October 31st. The energy producer reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.10. ConocoPhillips had a net margin of 17.29% and a return on equity of 19.53%. The firm had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.97 billion. During the same quarter in the previous year, the firm posted $2.16 EPS. The company’s revenue for the quarter was down 8.5% compared to the same quarter last year. As a group, equities analysts predict that ConocoPhillips will post 7.65 earnings per share for the current year.

Insider Activity

In other news, Director R A. Walker bought 10,400 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average price of $97.80 per share, with a total value of $1,017,120.00. Following the acquisition, the director now owns 38,000 shares of the company’s stock, valued at approximately $3,716,400. This represents a 37.68 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Arjun N. Murti bought 2,500 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was purchased at an average cost of $95.87 per share, with a total value of $239,675.00. Following the acquisition, the director now directly owns 21,500 shares in the company, valued at $2,061,205. This trade represents a 13.16 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.34% of the company’s stock.

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.