Capital City Trust Co. FL Trims Holdings in ConocoPhillips $COP

Capital City Trust Co. FL lowered its position in shares of ConocoPhillips (NYSE:COP) by 7.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,042 shares of the energy producer’s stock after selling 302 shares during the quarter. Capital City Trust Co. FL’s holdings in ConocoPhillips were worth $363,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Financial Network Wealth Advisors LLC raised its position in 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 buying an additional 222 shares during the last quarter. Stone House Investment Management LLC purchased a new position in ConocoPhillips during the 1st quarter worth $31,000. Garde Capital Inc. purchased a new position in ConocoPhillips during the 1st quarter worth $35,000. IMA Advisory Services Inc. purchased a new position in ConocoPhillips during the 1st quarter worth $37,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in ConocoPhillips by 418.6% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 363 shares of the energy producer’s stock worth $38,000 after buying an additional 293 shares during the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on COP shares. Weiss Ratings restated a “hold (c-)” rating on shares of ConocoPhillips in a research report on Saturday, September 27th. Morgan Stanley reaffirmed an “overweight” rating and set a $123.00 price target (up from $119.00) on shares of ConocoPhillips in a research note on Sunday, August 10th. Melius Research started coverage on shares of ConocoPhillips in a research note on Wednesday, August 20th. They set a “hold” rating and a $117.00 price target on the stock. Scotiabank upped their price target on shares of ConocoPhillips from $95.00 to $100.00 and gave the stock a “sector perform” rating in a research note on Friday, July 11th. Finally, Raymond James Financial lowered their price target on shares of ConocoPhillips from $117.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, September 8th. Sixteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, ConocoPhillips currently has an average rating of “Moderate Buy” and a consensus target price of $119.77.

ConocoPhillips Price Performance

Shares of NYSE COP opened at $94.17 on Friday. The stock has a market cap of $117.61 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 2.48 and a beta of 0.62. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $116.08. The company’s 50-day moving average price is $94.92 and its 200 day moving average price is $92.85. The company has a current ratio of 1.27, a quick ratio of 1.10 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, beating analysts’ consensus estimates of $1.36 by $0.06. The firm had revenue of $14.94 billion for the quarter, compared to analysts’ expectations of $14.39 billion. ConocoPhillips had a net margin of 15.26% and a return on equity of 14.60%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.98 EPS. As a group, research analysts forecast 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. Investors of record on Monday, August 18th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.3%. 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.