Trust Co. of Oklahoma Sells 175 Shares of ConocoPhillips (NYSE:COP)

Trust Co. of Oklahoma trimmed its stake in ConocoPhillips (NYSE:COP) by 1.5% during the 1st quarter, Holdings Channel reports. The firm owned 11,521 shares of the energy producer’s stock after selling 175 shares during the quarter. Trust Co. of Oklahoma’s holdings in ConocoPhillips were worth $1,466,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Cardinal Capital Management Inc. bought a new position in shares of ConocoPhillips in the fourth quarter worth approximately $13,468,000. Columbia Trust Co 01012016 boosted its stake in ConocoPhillips by 1.2% in the fourth quarter. Columbia Trust Co 01012016 now owns 9,463 shares of the energy producer’s stock worth $1,098,000 after buying an additional 112 shares in the last quarter. Raymond James & Associates boosted its stake in ConocoPhillips by 1.5% in the fourth quarter. Raymond James & Associates now owns 1,563,044 shares of the energy producer’s stock worth $181,422,000 after buying an additional 23,572 shares in the last quarter. Harbor Investment Advisory LLC boosted its stake in ConocoPhillips by 2.2% in the first quarter. Harbor Investment Advisory LLC now owns 9,697 shares of the energy producer’s stock worth $1,234,000 after buying an additional 212 shares in the last quarter. Finally, Quotient Wealth Partners LLC purchased a new stake in ConocoPhillips in the fourth quarter worth approximately $5,594,000. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips Stock Up 0.6 %

COP traded up $0.65 during trading on Wednesday, reaching $114.77. The stock had a trading volume of 2,326,037 shares, compared to its average volume of 5,644,886. The stock’s 50 day moving average is $117.68 and its two-hundred day moving average is $117.61. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $134.23 billion, a price-to-earnings ratio of 13.07, a P/E/G ratio of 2.04 and a beta of 1.24. ConocoPhillips has a one year low of $99.35 and a one year high of $135.18.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, May 2nd. The energy producer reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.04. The business had revenue of $14.48 billion during the quarter, compared to the consensus estimate of $14.72 billion. ConocoPhillips had a return on equity of 20.85% and a net margin of 18.40%. As a group, analysts expect that ConocoPhillips will post 8.89 earnings per share for the current year.

ConocoPhillips Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 13th were issued a $0.78 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $3.12 dividend on an annualized basis and a yield of 2.72%. ConocoPhillips’s dividend payout ratio (DPR) is 26.27%.

Wall Street Analyst Weigh In

Several analysts have issued reports on COP shares. Mizuho cut their target price on ConocoPhillips from $142.00 to $132.00 and set a “neutral” rating for the company in a research note on Wednesday, June 5th. Royal Bank of Canada upped their target price on ConocoPhillips from $135.00 to $140.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 15th. Bank of America reissued a “buy” rating and set a $147.00 price objective on shares of ConocoPhillips in a research note on Friday, June 14th. Truist Financial increased their price objective on ConocoPhillips from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, June 3rd. Finally, Raymond James reissued a “strong-buy” rating and set a $159.00 price objective (up previously from $155.00) on shares of ConocoPhillips in a research note on Thursday, May 30th. Four investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, ConocoPhillips currently has an average rating of “Moderate Buy” and an average target price of $144.18.

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.