Trust Co. of Vermont lessened its holdings in ConocoPhillips (NYSE:COP) by 10.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,829 shares of the energy producer’s stock after selling 3,810 shares during the quarter. Trust Co. of Vermont’s holdings in ConocoPhillips were worth $1,488,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in COP. Moloney Securities Asset Management LLC raised its stake in ConocoPhillips by 0.7% in the first quarter. Moloney Securities Asset Management LLC now owns 9,401 shares of the energy producer’s stock valued at $469,000 after purchasing an additional 69 shares in the last quarter. Barber Financial Group Inc. raised its stake in ConocoPhillips by 1.0% in the first quarter. Barber Financial Group Inc. now owns 7,213 shares of the energy producer’s stock valued at $360,000 after purchasing an additional 74 shares in the last quarter. AT Bancorp raised its stake in ConocoPhillips by 0.7% in the first quarter. AT Bancorp now owns 11,091 shares of the energy producer’s stock valued at $553,000 after purchasing an additional 80 shares in the last quarter. Kovitz Investment Group Partners LLC raised its stake in ConocoPhillips by 0.8% in the first quarter. Kovitz Investment Group Partners LLC now owns 9,839 shares of the energy producer’s stock valued at $491,000 after purchasing an additional 80 shares in the last quarter. Finally, Advisor Partners LLC raised its stake in ConocoPhillips by 0.5% in the first quarter. Advisor Partners LLC now owns 16,867 shares of the energy producer’s stock valued at $841,000 after purchasing an additional 82 shares in the last quarter. 68.90% of the stock is owned by institutional investors.

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COP has been the subject of a number of analyst reports. Scotiabank set a $54.00 price target on ConocoPhillips and gave the company a “buy” rating in a research note on Saturday, July 1st. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $62.00 price target on shares of ConocoPhillips in a research note on Thursday, June 15th. Citigroup Inc. dropped their price target on ConocoPhillips from $65.00 to $57.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Cowen and Company set a $55.00 price target on ConocoPhillips and gave the company a “buy” rating in a research note on Tuesday, July 18th. Finally, Bank of America Corporation raised ConocoPhillips from a “neutral” rating to a “buy” rating and boosted their price target for the company from $51.00 to $58.00 in a research note on Friday, July 28th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. ConocoPhillips presently has an average rating of “Buy” and an average target price of $54.19.

ConocoPhillips (COP) traded up 0.80% on Friday, hitting $49.08. The stock had a trading volume of 7,388,171 shares. The company has a 50-day moving average price of $44.59 and a 200-day moving average price of $45.61. ConocoPhillips has a 1-year low of $39.00 and a 1-year high of $53.17. The stock’s market capitalization is $59.73 billion.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, July 24th were issued a dividend of $0.265 per share. The ex-dividend date was Thursday, July 20th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.16%. ConocoPhillips’s dividend payout ratio is -34.98%.

ConocoPhillips Company 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.

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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