Advantage Trust Co Grows Position in ConocoPhillips $COP

Advantage Trust Co increased its position in shares of ConocoPhillips (NYSE:COP) by 1,075.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,093 shares of the energy producer’s stock after purchasing an additional 1,000 shares during the period. Advantage Trust Co’s holdings in ConocoPhillips were worth $98,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Bogart Wealth LLC boosted its stake in shares of ConocoPhillips by 136.8% during the 2nd quarter. Bogart Wealth LLC now owns 315 shares of the energy producer’s stock worth $28,000 after purchasing an additional 182 shares during the period. Activest Wealth Management boosted its stake in shares of ConocoPhillips by 249.5% during the 2nd quarter. Activest Wealth Management now owns 325 shares of the energy producer’s stock worth $29,000 after purchasing an additional 232 shares during the period. Financial Network Wealth Advisors LLC boosted its stake 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 worth $30,000 after purchasing an additional 222 shares during the period. Stone House Investment Management LLC purchased a new position in shares of ConocoPhillips during the 1st quarter worth about $31,000. Finally, Garde Capital Inc. purchased a new position in shares of ConocoPhillips during the 1st quarter worth about $35,000. 82.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

COP has been the subject of a number of recent analyst reports. Jefferies Financial Group dropped their price target on shares of ConocoPhillips from $129.00 to $120.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Melius assumed coverage on shares of ConocoPhillips in a research note on Wednesday, August 20th. They issued a “hold” rating and a $117.00 target price on the stock. Barclays decreased their price target on shares of ConocoPhillips from $122.00 to $118.00 and set an “overweight” rating for the company in a research note on Tuesday, October 7th. Susquehanna decreased their price target on shares of ConocoPhillips to $113.00 and set a “positive” rating for the company in a research note on Monday. Finally, Wall Street Zen downgraded shares of ConocoPhillips from a “hold” rating to a “sell” rating in a research note on Saturday. Eighteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $115.63.

ConocoPhillips Price Performance

Shares of COP opened at $87.01 on Tuesday. The company has a 50 day moving average price of $93.91 and a 200-day moving average price of $91.92. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $115.38. The stock has a market capitalization of $108.67 billion, a PE ratio of 11.68, a PEG ratio of 2.29 and a beta of 0.62. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.27.

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

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, August 18th. ConocoPhillips’s dividend payout ratio is presently 41.88%.

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.