ConocoPhillips $COP Shares Acquired by Community Bank & Trust Waco Texas

Community Bank & Trust Waco Texas increased its holdings in ConocoPhillips (NYSE:COP) by 1.5% during the second quarter, HoldingsChannel.com reports. The fund owned 17,254 shares of the energy producer’s stock after buying an additional 253 shares during the period. Community Bank & Trust Waco Texas’ holdings in ConocoPhillips were worth $1,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Childress Capital Advisors LLC increased its stake in ConocoPhillips by 0.4% in the 2nd quarter. Childress Capital Advisors LLC now owns 141,621 shares of the energy producer’s stock valued at $12,709,000 after buying an additional 519 shares during the period. Bourgeon Capital Management LLC increased its stake in ConocoPhillips by 1.9% in the 2nd quarter. Bourgeon Capital Management LLC now owns 89,997 shares of the energy producer’s stock valued at $8,076,000 after buying an additional 1,673 shares during the period. Alliance Wealth Advisors LLC increased its stake in ConocoPhillips by 9.7% in the 2nd quarter. Alliance Wealth Advisors LLC now owns 2,885 shares of the energy producer’s stock valued at $259,000 after buying an additional 255 shares during the period. HCR Wealth Advisors increased its stake in ConocoPhillips by 2.7% in the 2nd quarter. HCR Wealth Advisors now owns 36,506 shares of the energy producer’s stock valued at $3,276,000 after buying an additional 944 shares during the period. Finally, Capital Investment Advisors LLC increased its stake in ConocoPhillips by 2.5% in the 2nd quarter. Capital Investment Advisors LLC now owns 17,362 shares of the energy producer’s stock valued at $1,558,000 after buying an additional 423 shares during the period. 82.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on COP. UBS Group boosted their price objective on shares of ConocoPhillips from $116.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. Melius began coverage on shares of ConocoPhillips in a research note on Wednesday, August 20th. They issued a “hold” rating and a $117.00 price objective on the stock. Royal Bank Of Canada lowered their price target on shares of ConocoPhillips from $115.00 to $113.00 and set an “outperform” rating on the stock in a research note on Friday, July 11th. Melius Research began coverage on shares of ConocoPhillips in a research note on Wednesday, August 20th. They set a “hold” rating and a $117.00 price target on the stock. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $123.00 price target (up from $119.00) on shares of ConocoPhillips in a research note on Sunday, August 10th. Sixteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, ConocoPhillips has a consensus rating of “Moderate Buy” and an average price target of $120.14.

ConocoPhillips Price Performance

ConocoPhillips stock opened at $94.63 on Wednesday. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $116.08. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.35. The firm’s 50-day simple moving average is $94.98 and its 200 day simple moving average is $92.98. The firm has a market capitalization of $118.19 billion, a PE ratio of 12.70, a P/E/G ratio of 2.52 and a beta of 0.69.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, August 7th. The energy producer reported $1.42 EPS for the quarter, topping the consensus estimate of $1.36 by $0.06. The business had revenue of $14.94 billion for the quarter, compared to analyst estimates of $14.39 billion. ConocoPhillips had a net margin of 15.26% and a return on equity of 14.60%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.98 EPS. On average, equities research analysts predict that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Monday, August 18th. ConocoPhillips’s dividend payout ratio is 41.88%.

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.