Country Club Bank Has $1.84 Million Stock Holdings in ConocoPhillips $COP

Country Club Bank increased its holdings in ConocoPhillips (NYSE:COP) by 0.7% in the 2nd quarter, according to its most recent disclosure 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 period. Country Club Bank’s holdings in ConocoPhillips were worth $1,843,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Seamount Financial Group Inc. raised its position in ConocoPhillips by 16.1% in the second quarter. Seamount Financial Group Inc. now owns 9,450 shares of the energy producer’s stock worth $848,000 after purchasing an additional 1,307 shares in the last quarter. SteelPeak Wealth LLC increased its holdings in shares of ConocoPhillips by 665.6% during the second quarter. SteelPeak Wealth LLC now owns 31,941 shares of the energy producer’s stock worth $2,866,000 after buying an additional 27,769 shares in the last quarter. Iowa State Bank increased its holdings in shares of ConocoPhillips by 0.5% during the second quarter. Iowa State Bank now owns 22,193 shares of the energy producer’s stock worth $1,992,000 after buying an additional 110 shares in the last quarter. Valley National Advisers Inc. increased its holdings in shares of ConocoPhillips by 28.4% during the second quarter. Valley National Advisers Inc. now owns 2,493 shares of the energy producer’s stock worth $223,000 after buying an additional 552 shares in the last quarter. Finally, Sendero Wealth Management LLC increased its holdings in shares of ConocoPhillips by 3.6% during the second quarter. Sendero Wealth Management LLC now owns 115,040 shares of the energy producer’s stock worth $10,324,000 after buying an additional 3,944 shares in the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

Analysts Set New Price Targets

COP has been the subject of several recent analyst reports. Raymond James Financial dropped their price objective on shares of ConocoPhillips from $117.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, September 8th. Citigroup dropped their price objective on shares of ConocoPhillips from $140.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, June 11th. Royal Bank Of Canada dropped their price objective on shares of ConocoPhillips from $115.00 to $113.00 and set an “outperform” rating for the company in a report on Friday, July 11th. Evercore ISI dropped their price objective on shares of ConocoPhillips from $115.00 to $111.00 and set an “outperform” rating for the company in a report on Monday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ConocoPhillips in a report on Saturday, September 27th. Sixteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, ConocoPhillips has a consensus rating of “Moderate Buy” and a consensus price target of $117.23.

ConocoPhillips Price Performance

COP opened at $95.18 on Wednesday. ConocoPhillips has a one year low of $79.88 and a one year 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. The company’s 50 day simple moving average is $94.83 and its 200-day simple moving average is $92.75. The stock has a market capitalization of $118.87 billion, a P/E ratio of 12.78, a price-to-earnings-growth ratio of 2.51 and a beta of 0.62.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, August 7th. The energy producer reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.06. ConocoPhillips had a net margin of 15.26% and a return on equity of 14.60%. The firm had revenue of $14.94 billion for the quarter, compared to analysts’ expectations of $14.39 billion. During the same period last year, the firm earned $1.98 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. Sell-side analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were paid a $0.78 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $3.12 dividend on an annualized basis and a yield of 3.3%. ConocoPhillips’s dividend payout ratio (DPR) 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.