Trust Co. of Vermont Sells 194 Shares of ConocoPhillips $COP

Trust Co. of Vermont trimmed its position in ConocoPhillips (NYSE:COP) by 1.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,904 shares of the energy producer’s stock after selling 194 shares during the period. Trust Co. of Vermont’s holdings in ConocoPhillips were worth $1,517,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of COP. Tritonpoint Wealth LLC lifted its holdings in shares of ConocoPhillips by 1.3% during the 2nd quarter. Tritonpoint Wealth LLC now owns 8,329 shares of the energy producer’s stock valued at $747,000 after buying an additional 110 shares during the period. First National Bank Sioux Falls boosted its position in ConocoPhillips by 4.6% in the second quarter. First National Bank Sioux Falls now owns 2,572 shares of the energy producer’s stock worth $231,000 after purchasing an additional 113 shares during the last quarter. KLCM Advisors Inc. lifted its stake in shares of ConocoPhillips by 2.6% in the 1st quarter. KLCM Advisors Inc. now owns 4,503 shares of the energy producer’s stock worth $473,000 after purchasing an additional 115 shares during the period. Deseret Mutual Benefit Administrators boosted its holdings in shares of ConocoPhillips by 3.9% in the first quarter. Deseret Mutual Benefit Administrators now owns 3,177 shares of the energy producer’s stock worth $334,000 after buying an additional 118 shares during the last quarter. Finally, Oregon Pacific Wealth Management LLC increased its holdings in ConocoPhillips by 5.8% during the second quarter. Oregon Pacific Wealth Management LLC now owns 2,229 shares of the energy producer’s stock valued at $200,000 after buying an additional 123 shares during the last quarter. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Stock Performance

NYSE:COP opened at $95.39 on Thursday. The company has a market cap of $119.13 billion, a price-to-earnings ratio of 12.80, a PEG ratio of 2.49 and a beta of 0.62. ConocoPhillips has a 1 year low of $79.88 and a 1 year high of $116.08. The stock’s 50 day simple moving average is $94.98 and its two-hundred day simple moving average is $93.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.27 and a quick ratio of 1.10.

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

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were given a dividend of $0.78 per share. The ex-dividend date was Monday, August 18th. This represents a $3.12 annualized dividend and a yield of 3.3%. ConocoPhillips’s dividend payout ratio (DPR) is 41.88%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Scotiabank boosted their price target on ConocoPhillips from $95.00 to $100.00 and gave the company a “sector perform” rating in a report on Friday, July 11th. UBS Group increased their price target on ConocoPhillips from $116.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, August 20th. Melius Research started coverage on ConocoPhillips in a research report on Wednesday, August 20th. They issued a “hold” rating and a $117.00 price objective on the stock. Morgan Stanley reissued an “overweight” rating and set a $123.00 target price (up previously from $119.00) on shares of ConocoPhillips in a research note on Sunday, August 10th. Finally, Roth Capital restated a “buy” rating on shares of ConocoPhillips in a research note on Wednesday, September 3rd. Sixteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $120.14.

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.