Town & Country Bank & Trust CO dba First Bankers Trust CO Cuts Stake in ConocoPhillips $COP

Town & Country Bank & Trust CO dba First Bankers Trust CO lowered its position in shares of ConocoPhillips (NYSE:COP) by 5.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,008 shares of the energy producer’s stock after selling 374 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in ConocoPhillips were worth $539,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Elevation Point Wealth Partners LLC grew its stake in ConocoPhillips by 83.0% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 18,060 shares of the energy producer’s stock valued at $1,897,000 after acquiring an additional 8,189 shares during the last quarter. Schwartz Investment Counsel Inc. lifted its holdings in ConocoPhillips by 159.6% in the 1st quarter. Schwartz Investment Counsel Inc. now owns 48,800 shares of the energy producer’s stock valued at $5,125,000 after purchasing an additional 30,000 shares in the last quarter. Aberdeen Group plc lifted its holdings in ConocoPhillips by 49.3% in the 1st quarter. Aberdeen Group plc now owns 801,426 shares of the energy producer’s stock valued at $83,969,000 after purchasing an additional 264,726 shares in the last quarter. ORG Wealth Partners LLC lifted its holdings in ConocoPhillips by 853.3% in the 1st quarter. ORG Wealth Partners LLC now owns 6,616 shares of the energy producer’s stock valued at $698,000 after purchasing an additional 5,922 shares in the last quarter. Finally, Hennessy Advisors Inc. lifted its holdings in ConocoPhillips by 151.1% in the 1st quarter. Hennessy Advisors Inc. now owns 91,224 shares of the energy producer’s stock valued at $9,580,000 after purchasing an additional 54,900 shares in the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips Stock Performance

Shares of COP opened at $92.11 on Tuesday. The business’s fifty day moving average price is $94.55 and its 200 day moving average price is $92.98. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $116.08. The stock has a market capitalization of $115.04 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 2.42 and a beta of 0.69. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.27 and a quick ratio of 1.10.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, August 7th. The energy producer reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.06. ConocoPhillips had a return on equity of 14.60% and a net margin of 15.26%.The firm had revenue of $14.94 billion for the quarter, compared to analysts’ expectations of $14.39 billion. During the same period last year, the business posted $1.98 earnings per share. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities research analysts forecast that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Monday, August 18th. ConocoPhillips’s dividend payout ratio (DPR) is presently 41.88%.

Analyst Upgrades and Downgrades

COP has been the topic of a number of recent research reports. UBS Group upped their target price on shares of ConocoPhillips from $116.00 to $124.00 and gave the company a “buy” rating in a report on Wednesday, August 20th. Citigroup cut their price objective on shares of ConocoPhillips from $140.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, June 11th. Mizuho cut their price objective on shares of ConocoPhillips from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Monday, September 15th. Melius initiated coverage on shares of ConocoPhillips in a report on Wednesday, August 20th. They issued a “hold” rating and a $117.00 price target on the stock. Finally, Roth Capital restated a “buy” rating on shares of ConocoPhillips in a report on Wednesday, September 3rd. Sixteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $120.14.

ConocoPhillips 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.