Community Bank & Trust Waco Texas held its stake in ConocoPhillips (NYSE:COP) during the third quarter, Holdings Channel reports. The institutional investor owned 22,039 shares of the company’s stock at the end of the third quarter. Community Bank & Trust Waco Texas’ holdings in ConocoPhillips were worth $958,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of COP. Vanguard Group Inc. raised its stake in ConocoPhillips by 2.4% in the second quarter. Vanguard Group Inc. now owns 81,195,111 shares of the company’s stock worth $3,540,106,000 after buying an additional 1,937,880 shares in the last quarter. FMR LLC raised its stake in shares of ConocoPhillips by 61.3% in the second quarter. FMR LLC now owns 41,549,843 shares of the company’s stock valued at $1,811,573,000 after buying an additional 15,793,307 shares in the last quarter. BlackRock Fund Advisors raised its stake in shares of ConocoPhillips by 2.1% in the second quarter. BlackRock Fund Advisors now owns 19,228,815 shares of the company’s stock valued at $838,376,000 after buying an additional 392,818 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of ConocoPhillips by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 14,091,927 shares of the company’s stock valued at $614,409,000 after buying an additional 320,848 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of ConocoPhillips by 16.6% in the second quarter. Ameriprise Financial Inc. now owns 12,097,088 shares of the company’s stock valued at $527,432,000 after buying an additional 1,718,788 shares in the last quarter. Institutional investors own 64.69% of the company’s stock.
Shares of ConocoPhillips (NYSE:COP) traded down 1.19% during midday trading on Friday, reaching $45.75. The company’s stock had a trading volume of 3,494,389 shares. The company has a 50 day moving average of $43.61 and a 200-day moving average of $42.80. ConocoPhillips has a 52 week low of $31.05 and a 52 week high of $54.75. The stock’s market capitalization is $56.69 billion.
ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, October 27th. The company reported ($0.66) EPS for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.03. ConocoPhillips had a negative net margin of 29.45% and a negative return on equity of 10.68%. During the same quarter in the prior year, the company earned ($0.38) earnings per share. Equities research analysts predict that ConocoPhillips will post ($2.83) earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, October 17th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, October 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.19%. ConocoPhillips’s payout ratio is currently -17.67%.
Several brokerages have recently commented on COP. Vetr lowered ConocoPhillips from a “strong-buy” rating to a “buy” rating and set a $50.41 price objective for the company. in a report on Monday. CLSA lowered ConocoPhillips from an “outperform” rating to an “underperform” rating in a report on Tuesday, November 15th. Clsa Americas lowered ConocoPhillips from an “outperform” rating to an “underperform” rating in a report on Monday, November 14th. Royal Bank Of Canada increased their price objective on ConocoPhillips from $52.00 to $53.00 and gave the company an “outperform” rating in a report on Monday, October 31st. Finally, Barclays PLC reiterated an “overweight” rating and set a $60.00 price objective on shares of ConocoPhillips in a report on Monday, October 10th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $50.87.
ConocoPhillips (ConocoPhillips) is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas and liquefied natural gas (LNG). The Company operates through six operating segments, which are primarily defined by geographic region: Alaska; Lower 48; Canada; Europe and North Africa; Asia Pacific and Middle East, and Other International.