Farmers & Merchants Trust Co of Chambersburg PA continued to hold its stake in ConocoPhillips (NYSE:COP) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,917 shares of the energy producer’s stock at the close of the second quarter. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in ConocoPhillips were worth $128,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Waldron LP raised its stake in ConocoPhillips by 44.5% during the first quarter. Waldron LP now owns 7,072 shares of the energy producer’s stock worth $350,000 after acquiring an additional 2,178 shares in the last quarter. Capital Advisors Inc. OK raised its stake in ConocoPhillips by 19.0% during the first quarter. Capital Advisors Inc. OK now owns 50,977 shares of the energy producer’s stock worth $2,542,000 after acquiring an additional 8,132 shares in the last quarter. Welch & Forbes LLC raised its stake in ConocoPhillips by 10.4% during the first quarter. Welch & Forbes LLC now owns 126,925 shares of the energy producer’s stock worth $6,330,000 after acquiring an additional 11,999 shares in the last quarter. Security National Trust Co. raised its stake in ConocoPhillips by 1.9% during the first quarter. Security National Trust Co. now owns 34,698 shares of the energy producer’s stock worth $1,730,000 after acquiring an additional 640 shares in the last quarter. Finally, Dowling & Yahnke LLC raised its stake in ConocoPhillips by 3.4% during the first quarter. Dowling & Yahnke LLC now owns 72,055 shares of the energy producer’s stock worth $3,593,000 after acquiring an additional 2,388 shares in the last quarter. Institutional investors and hedge funds own 68.90% of the company’s stock.

Shares of ConocoPhillips (NYSE:COP) traded down 0.28% during trading on Thursday, reaching $50.08. The company’s stock had a trading volume of 2,696,918 shares. The company’s 50 day moving average price is $44.59 and its 200 day moving average price is $45.61. The firm’s market cap is $60.94 billion. ConocoPhillips has a 12 month low of $39.00 and a 12 month high of $53.17.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, July 27th. The energy producer reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.16. ConocoPhillips had a negative return on equity of 2.86% and a negative net margin of 12.29%. The firm had revenue of $8.88 billion for the quarter, compared to analyst estimates of $6.74 billion. During the same quarter in the previous year, the company posted ($0.79) EPS. On average, equities analysts predict that ConocoPhillips will post $0.27 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, July 24th were given a $0.265 dividend. The ex-dividend date of this dividend was Thursday, July 20th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.13%. ConocoPhillips’s dividend payout ratio (DPR) is presently -34.98%.

Several brokerages have recently commented on COP. Scotiabank set a $54.00 target price on ConocoPhillips and gave the stock a “buy” rating in a report on Saturday, July 1st. BidaskClub upgraded ConocoPhillips from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Sanford C. Bernstein cut ConocoPhillips from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $63.00 to $42.00 in a report on Thursday, July 6th. ValuEngine upgraded ConocoPhillips from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $62.00 target price on shares of ConocoPhillips in a report on Thursday, June 15th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $54.19.

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ConocoPhillips Profile

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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