Fidelity D & D Bancorp Inc. Purchases 129 Shares of ConocoPhillips (NYSE:COP)

Fidelity D & D Bancorp Inc. lifted its position in shares of ConocoPhillips (NYSE:COP) by 4.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,884 shares of the energy producer’s stock after acquiring an additional 129 shares during the quarter. Fidelity D & D Bancorp Inc.’s holdings in ConocoPhillips were worth $304,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Values First Advisors Inc. acquired a new position in ConocoPhillips during the 3rd quarter valued at about $26,000. Stephens Consulting LLC raised its stake in shares of ConocoPhillips by 69.3% during the second quarter. Stephens Consulting LLC now owns 254 shares of the energy producer’s stock worth $29,000 after buying an additional 104 shares during the last quarter. Reston Wealth Management LLC acquired a new position in ConocoPhillips in the third quarter valued at approximately $31,000. Truvestments Capital LLC bought a new position in ConocoPhillips in the third quarter valued at approximately $31,000. Finally, Y.D. More Investments Ltd acquired a new stake in ConocoPhillips during the 2nd quarter worth $35,000. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Stock Down 0.3 %

NYSE:COP traded down $0.27 during trading hours on Friday, reaching $100.64. 319,398 shares of the stock were exchanged, compared to its average volume of 5,991,981. The stock has a market cap of $115.83 billion, a PE ratio of 12.00, a PEG ratio of 0.84 and a beta of 1.18. ConocoPhillips has a twelve month low of $100.58 and a twelve month high of $135.18. The firm has a 50 day moving average of $108.03 and a 200 day moving average of $109.85. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 1.16.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, October 31st. The energy producer reported $1.78 EPS for the quarter, topping the consensus estimate of $1.68 by $0.10. ConocoPhillips had a net margin of 17.29% and a return on equity of 19.53%. The business had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.97 billion. During the same quarter in the prior year, the company posted $2.16 earnings per share. The firm’s revenue was down 8.5% on a year-over-year basis. On average, equities analysts expect that ConocoPhillips will post 7.77 earnings per share for the current year.

ConocoPhillips Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 11th were given a $0.78 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.10%. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.58. ConocoPhillips’s payout ratio is currently 37.10%.

Wall Street Analysts Forecast Growth

COP has been the topic of several recent research reports. Scotiabank reduced their price target on ConocoPhillips from $120.00 to $115.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Barclays raised their target price on ConocoPhillips from $135.00 to $137.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Mizuho upped their price target on ConocoPhillips from $129.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Royal Bank of Canada reissued an “outperform” rating and set a $140.00 price objective on shares of ConocoPhillips in a research note on Friday, September 13th. Finally, UBS Group decreased their price objective on shares of ConocoPhillips from $153.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $139.18.

ConocoPhillips Company Profile

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.