Country Club Bank Purchases 143 Shares of ConocoPhillips $COP

Country Club Bank lifted its position in shares of ConocoPhillips (NYSE:COP) by 0.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,441 shares of the energy producer’s stock after purchasing an additional 143 shares during the quarter. Country Club Bank’s holdings in ConocoPhillips were worth $1,843,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COP. Daymark Wealth Partners LLC boosted its position in shares of ConocoPhillips by 4.6% during the first quarter. Daymark Wealth Partners LLC now owns 12,192 shares of the energy producer’s stock worth $1,280,000 after purchasing an additional 539 shares in the last quarter. Farther Finance Advisors LLC lifted its position in ConocoPhillips by 84.5% in the 1st quarter. Farther Finance Advisors LLC now owns 27,236 shares of the energy producer’s stock valued at $2,870,000 after acquiring an additional 12,477 shares in the last quarter. Pallas Capital Advisors LLC lifted its position in ConocoPhillips by 226.8% in the 1st quarter. Pallas Capital Advisors LLC now owns 31,493 shares of the energy producer’s stock valued at $3,307,000 after acquiring an additional 21,855 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in ConocoPhillips by 1,364.3% in the 1st quarter. Harbor Capital Advisors Inc. now owns 26,211 shares of the energy producer’s stock valued at $2,753,000 after acquiring an additional 24,421 shares in the last quarter. Finally, Cardinal Capital Management Inc. lifted its position in ConocoPhillips by 28.9% in the 1st quarter. Cardinal Capital Management Inc. now owns 127,718 shares of the energy producer’s stock valued at $13,413,000 after acquiring an additional 28,645 shares in the last quarter. 82.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on COP. Wall Street Zen raised shares of ConocoPhillips from a “sell” rating to a “hold” rating in a research report on Saturday, September 20th. UBS Group lifted their price target on shares of ConocoPhillips from $116.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, August 20th. Susquehanna lowered their price target on shares of ConocoPhillips from $114.00 to $113.00 and set a “positive” rating on the stock in a research note on Wednesday, July 23rd. Morgan Stanley reiterated an “overweight” rating and issued a $123.00 price target (up from $119.00) on shares of ConocoPhillips in a research note on Sunday, August 10th. Finally, Royal Bank Of Canada lowered their price target on shares of ConocoPhillips from $115.00 to $113.00 and set an “outperform” rating on the stock in a research note on Friday, July 11th. Sixteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $117.23.

ConocoPhillips Stock Up 0.3%

ConocoPhillips stock opened at $95.18 on Wednesday. The firm has a market capitalization of $118.87 billion, a PE ratio of 12.78, a P/E/G ratio of 2.51 and a beta of 0.62. The company’s 50-day moving average is $94.83 and its 200-day moving average is $92.75. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $115.38. 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 released its quarterly earnings data 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. The company had revenue of $14.94 billion for the quarter, compared to analyst estimates of $14.39 billion. ConocoPhillips had a net margin of 15.26% and a return on equity of 14.60%. ConocoPhillips’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.98 EPS. Sell-side analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $3.12 annualized dividend and a dividend yield of 3.3%. ConocoPhillips’s payout ratio is presently 41.88%.

About ConocoPhillips

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.