AMG National Trust Bank held its stake in ConocoPhillips (NYSE:COP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,247 shares of the energy producer’s stock at the close of the 2nd quarter. AMG National Trust Bank’s holdings in ConocoPhillips were worth $802,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Financial Management Professionals Inc. boosted its stake in ConocoPhillips by 0.3% in the 2nd quarter. Financial Management Professionals Inc. now owns 2,294 shares of the energy producer’s stock worth $100,000 after buying an additional 6 shares during the last quarter. First Command Bank boosted its stake in ConocoPhillips by 9.4% in the 2nd quarter. First Command Bank now owns 2,313 shares of the energy producer’s stock worth $101,000 after buying an additional 199 shares during the last quarter. Advantage Investment Management LLC boosted its stake in ConocoPhillips by 65.3% in the 1st quarter. Advantage Investment Management LLC now owns 2,425 shares of the energy producer’s stock worth $121,000 after buying an additional 958 shares during the last quarter. Westside Investment Management Inc. boosted its stake in ConocoPhillips by 468.4% in the 1st quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer’s stock worth $119,000 after buying an additional 2,000 shares during the last quarter. Finally, Massey Quick & Co. LLC acquired a new stake in ConocoPhillips in the 1st quarter worth about $123,000. 70.17% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have issued reports on COP shares. Citigroup Inc. decreased their price target on ConocoPhillips from $65.00 to $57.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Cowen and Company set a $55.00 price objective on ConocoPhillips and gave the company a “buy” rating in a research note on Tuesday, July 18th. Royal Bank Of Canada set a $62.00 price objective on ConocoPhillips and gave the company a “buy” rating in a research note on Sunday, July 16th. Scotiabank set a $54.00 price objective on ConocoPhillips and gave the company a “buy” rating in a research note on Tuesday, August 1st. Finally, Jefferies Group LLC set a $59.00 price objective on ConocoPhillips and gave the company a “buy” rating in a research note on Sunday, July 30th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $55.26.
Shares of ConocoPhillips (NYSE:COP) opened at $52.96 on Monday. The company has a current ratio of 2.38, a quick ratio of 2.23 and a debt-to-equity ratio of 0.64. ConocoPhillips has a twelve month low of $42.26 and a twelve month high of $53.27. The stock has a market capitalization of $63,314.53, a P/E ratio of 2,648.00, a price-to-earnings-growth ratio of 14.98 and a beta of 1.28.
ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, October 26th. The energy producer reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.08. ConocoPhillips had a positive return on equity of 0.12% and a negative net margin of 7.32%. The company had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $6.55 billion. During the same period in the previous year, the business earned ($0.66) EPS. equities analysts anticipate that ConocoPhillips will post 0.47 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 16th will be issued a dividend of $0.265 per share. The ex-dividend date is Friday, October 13th. This represents a $1.06 annualized dividend and a yield of 2.00%. ConocoPhillips’s dividend payout ratio is presently -57.30%.
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ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through five segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.
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