66,150 Shares in ConocoPhillips $COP Bought by First Nebraska Trust Co

First Nebraska Trust Co acquired a new stake in shares of ConocoPhillips (NYSE:COP) during the 3rd quarter, Holdings Channel reports. The fund acquired 66,150 shares of the energy producer’s stock, valued at approximately $8,279,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Aware Super Pty Ltd as trustee of Aware Super grew its position in shares of ConocoPhillips by 94.7% in the third quarter. Aware Super Pty Ltd as trustee of Aware Super now owns 78,702 shares of the energy producer’s stock valued at $9,850,000 after purchasing an additional 38,281 shares during the period. Gerber Kawasaki Wealth & Investment Management increased its stake in ConocoPhillips by 16.3% in the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 2,845 shares of the energy producer’s stock valued at $356,000 after purchasing an additional 398 shares during the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC lifted its position in ConocoPhillips by 67.8% during the third quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 35,199 shares of the energy producer’s stock worth $4,405,000 after buying an additional 14,217 shares during the period. Next Level Wealth Planning LLC purchased a new position in ConocoPhillips during the third quarter worth about $51,000. Finally, Frederick Financial Consultants LLC purchased a new position in ConocoPhillips during the third quarter worth about $209,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

ConocoPhillips Stock Down 1.6%

Shares of NYSE COP opened at $144.46 on Wednesday. The stock has a market capitalization of $173.54 billion, a PE ratio of 19.11, a P/E/G ratio of 1.43 and a beta of 0.16. The company has a quick ratio of 1.39, a current ratio of 1.54 and a debt-to-equity ratio of 0.35. The firm has a fifty day moving average of $136.59 and a 200-day moving average of $121.52. ConocoPhillips has a 52-week low of $85.57 and a 52-week high of $154.28.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, August 6th. The energy producer reported $3.24 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.34. The business had revenue of $19.52 billion for the quarter, compared to analyst estimates of $18.79 billion. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%. The business’s quarterly revenue was up 32.4% on a year-over-year basis. During the same period last year, the company posted $1.42 EPS. On average, analysts anticipate that ConocoPhillips will post 11.41 EPS for the current year.

ConocoPhillips Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were paid a dividend of $0.84 per share. The ex-dividend date was Monday, August 17th. This represents a $3.36 annualized dividend and a yield of 2.3%. ConocoPhillips’s dividend payout ratio is currently 44.44%.

Insider Buying and Selling

In other ConocoPhillips news, SVP Andrew Lundquist sold 9,487 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $135.15, for a total transaction of $1,282,168.05. Following the completion of the sale, the senior vice president directly owned 9,593 shares in the company, valued at $1,296,493.95. This represents a 49.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.09% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on COP shares. Freedom Capital upgraded ConocoPhillips from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Stifel Nicolaus assumed coverage on shares of ConocoPhillips in a research note on Thursday, September 10th. They set a “hold” rating and a $148.00 price objective for the company. Weiss Ratings upgraded shares of ConocoPhillips from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, September 29th. Susquehanna increased their price objective on shares of ConocoPhillips from $161.00 to $175.00 and gave the stock a “positive” rating in a report on Tuesday, October 20th. Finally, UBS Group reissued an “outperform” rating on shares of ConocoPhillips in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, ConocoPhillips presently has an average rating of “Moderate Buy” and an average price target of $145.08.

About ConocoPhillips

ConocoPhillips (NYSE:COP) is an independent exploration and production company engaged in finding, developing and producing oil, natural gas and natural gas liquids. Unlike integrated energy companies, it primarily focuses on upstream activities rather than operating large refining or retail fuel businesses.

The company’s portfolio includes conventional and unconventional oil and natural gas assets, liquefied natural gas-related interests, oil sands operations and other energy resources.