First National Bank of Mount Dora Trust Investment Services Sells 165 Shares of ConocoPhillips $COP

First National Bank of Mount Dora Trust Investment Services cut its stake in shares of ConocoPhillips (NYSE:COP) by 5.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 3,135 shares of the energy producer’s stock after selling 165 shares during the period. First National Bank of Mount Dora Trust Investment Services’ holdings in ConocoPhillips were worth $281,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Tritonpoint Wealth LLC boosted its stake in shares of ConocoPhillips by 1.3% in the 2nd quarter. Tritonpoint Wealth LLC now owns 8,329 shares of the energy producer’s stock valued at $747,000 after purchasing an additional 110 shares in the last quarter. Iowa State Bank boosted its position in ConocoPhillips by 0.5% during the 2nd quarter. Iowa State Bank now owns 22,193 shares of the energy producer’s stock valued at $1,992,000 after buying an additional 110 shares during the period. First National Bank Sioux Falls boosted its position in ConocoPhillips by 4.6% during the 2nd quarter. First National Bank Sioux Falls now owns 2,572 shares of the energy producer’s stock valued at $231,000 after buying an additional 113 shares during the period. KLCM Advisors Inc. boosted its position in ConocoPhillips by 2.6% during the 1st quarter. KLCM Advisors Inc. now owns 4,503 shares of the energy producer’s stock valued at $473,000 after buying an additional 115 shares during the period. Finally, Fairvoy Private Wealth LLC boosted its position in ConocoPhillips by 3.5% during the 2nd quarter. Fairvoy Private Wealth LLC now owns 3,500 shares of the energy producer’s stock valued at $314,000 after buying an additional 117 shares during the period. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips Stock Down 1.0%

Shares of ConocoPhillips stock opened at $86.83 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.27 and a quick ratio of 1.10. The company has a 50-day moving average of $94.19 and a 200 day moving average of $92.16. The firm has a market cap of $108.45 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 2.35 and a beta of 0.62. ConocoPhillips has a 1 year low of $79.88 and a 1 year high of $115.38.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results 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. The company had revenue of $14.94 billion during 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%. ConocoPhillips’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the business earned $1.98 EPS. As a group, sell-side analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Monday, August 18th. ConocoPhillips’s dividend payout ratio (DPR) is currently 41.88%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on COP shares. Morgan Stanley dropped their price target on shares of ConocoPhillips from $123.00 to $122.00 and set an “overweight” rating for the company in a research report on Tuesday. Susquehanna dropped their price target on shares of ConocoPhillips from $114.00 to $113.00 and set a “positive” rating for the company in a research report on Wednesday, July 23rd. UBS Group dropped their price target on shares of ConocoPhillips from $124.00 to $122.00 and set a “buy” rating for the company in a research report on Monday. Wells Fargo & Company reissued an “overweight” rating and set a $117.00 price target (up previously from $113.00) on shares of ConocoPhillips in a research report on Thursday, June 26th. Finally, Melius Research began coverage on shares of ConocoPhillips in a research report on Wednesday, August 20th. They set a “hold” rating and a $117.00 price target for the company. Seventeen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $116.78.

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.