ConocoPhillips (COP) Stake Lessened by First National Bank of Mount Dora Trust Investment Services

First National Bank of Mount Dora Trust Investment Services decreased its position in ConocoPhillips (NYSE:COP) by 2.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 98,327 shares of the energy producer’s stock after selling 2,614 shares during the period. ConocoPhillips comprises approximately 2.4% of First National Bank of Mount Dora Trust Investment Services’ portfolio, making the stock its 15th biggest holding. First National Bank of Mount Dora Trust Investment Services’ holdings in ConocoPhillips were worth $4,922,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of COP. Freestone Capital Holdings LLC boosted its holdings in ConocoPhillips by 78.7% in the second quarter. Freestone Capital Holdings LLC now owns 8,047 shares of the energy producer’s stock valued at $354,000 after acquiring an additional 3,543 shares in the last quarter. Point View Wealth Management Inc. boosted its holdings in ConocoPhillips by 19.8% in the second quarter. Point View Wealth Management Inc. now owns 32,939 shares of the energy producer’s stock valued at $1,448,000 after acquiring an additional 5,452 shares in the last quarter. Shell Asset Management Co. boosted its holdings in ConocoPhillips by 2.4% in the second quarter. Shell Asset Management Co. now owns 202,066 shares of the energy producer’s stock valued at $8,883,000 after acquiring an additional 4,647 shares in the last quarter. FMR LLC boosted its holdings in ConocoPhillips by 6.9% in the first quarter. FMR LLC now owns 61,497,903 shares of the energy producer’s stock valued at $3,066,900,000 after acquiring an additional 3,982,002 shares in the last quarter. Finally, Citizens Financial Group Inc. RI boosted its holdings in ConocoPhillips by 12.5% in the first quarter. Citizens Financial Group Inc. RI now owns 210,916 shares of the energy producer’s stock valued at $10,518,000 after acquiring an additional 23,434 shares in the last quarter. Hedge funds and other institutional investors own 69.87% of the company’s stock.

Shares of ConocoPhillips (NYSE:COP) traded down $0.85 during trading on Thursday, reaching $50.38. The company’s stock had a trading volume of 4,437,200 shares, compared to its average volume of 7,129,374. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.38 and a quick ratio of 2.23. The stock has a market capitalization of $61,246.29, a price-to-earnings ratio of 2,561.50, a P/E/G ratio of 12.58 and a beta of 1.26. ConocoPhillips has a fifty-two week low of $42.26 and a fifty-two week high of $54.22.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, October 26th. The energy producer reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.08. The firm had revenue of $7.20 billion during the quarter, compared to analyst estimates of $6.55 billion. ConocoPhillips had a positive return on equity of 0.12% and a negative net margin of 7.32%. During the same quarter in the previous year, the firm earned ($0.66) EPS. equities analysts expect that ConocoPhillips will post 0.54 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, October 16th were given a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Friday, October 13th. ConocoPhillips’s dividend payout ratio is presently -57.30%.

Several analysts recently weighed in on the stock. Barclays reiterated an “overweight” rating and issued a $55.00 price target (up previously from $51.00) on shares of ConocoPhillips in a report on Tuesday, October 10th. BidaskClub cut shares of ConocoPhillips from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Piper Jaffray Companies reiterated a “buy” rating and issued a $53.00 price target on shares of ConocoPhillips in a report on Friday, November 3rd. Wells Fargo & Company lifted their price target on shares of ConocoPhillips from $57.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Finally, Morgan Stanley raised their price objective on ConocoPhillips from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. ConocoPhillips currently has an average rating of “Buy” and a consensus target price of $55.59.

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About ConocoPhillips

ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through five segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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