Advantage Trust Co Acquires 1,000 Shares of ConocoPhillips $COP

Advantage Trust Co grew its holdings in ConocoPhillips (NYSE:COP) by 1,075.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,093 shares of the energy producer’s stock after acquiring an additional 1,000 shares during the period. Advantage Trust Co’s holdings in ConocoPhillips were worth $98,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of COP. Bogart Wealth LLC raised its position in shares of ConocoPhillips by 136.8% during the 2nd quarter. Bogart Wealth LLC now owns 315 shares of the energy producer’s stock valued at $28,000 after purchasing an additional 182 shares during the period. Activest Wealth Management raised its position in shares of ConocoPhillips by 249.5% during the 2nd quarter. Activest Wealth Management now owns 325 shares of the energy producer’s stock valued at $29,000 after purchasing an additional 232 shares during the period. Financial Network Wealth Advisors LLC raised its position in shares of ConocoPhillips by 341.5% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 287 shares of the energy producer’s stock valued at $30,000 after purchasing an additional 222 shares during the period. Stone House Investment Management LLC bought a new stake in shares of ConocoPhillips during the 1st quarter valued at $31,000. Finally, Garde Capital Inc. bought a new stake in shares of ConocoPhillips during the 1st quarter valued at $35,000. 82.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on COP. Scotiabank raised their price objective on shares of ConocoPhillips from $95.00 to $100.00 and gave the company a “sector perform” rating in a research report on Friday, July 11th. The Goldman Sachs Group reduced their price target on shares of ConocoPhillips from $111.00 to $108.00 and set a “buy” rating on the stock in a report on Friday. UBS Group reduced their price target on shares of ConocoPhillips from $124.00 to $122.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Mizuho reduced their price target 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. Finally, Evercore ISI reduced their price target on shares of ConocoPhillips from $115.00 to $111.00 and set an “outperform” rating on the stock in a report on Monday, October 6th. Eighteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, ConocoPhillips has a consensus rating of “Moderate Buy” and a consensus price target of $115.63.

ConocoPhillips Stock Performance

Shares of NYSE:COP opened at $87.01 on Tuesday. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $115.38. The stock has a market capitalization of $108.67 billion, a P/E ratio of 11.68, a PEG ratio of 2.29 and a beta of 0.62. The firm has a fifty day simple moving average of $93.91 and a two-hundred day simple moving average of $91.92. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.35.

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

ConocoPhillips Announces Dividend

The firm also recently disclosed 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 dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, August 18th. ConocoPhillips’s dividend payout ratio (DPR) is presently 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.