Toronto Dominion Bank Sells 37,149 Shares of ConocoPhillips (NYSE:COP)

Toronto Dominion Bank cut its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 6.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 582,565 shares of the energy producer's stock after selling 37,149 shares during the quarter. Toronto Dominion Bank owned 0.05% of ConocoPhillips worth $61,332,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. 180 Wealth Advisors LLC grew its holdings in shares of ConocoPhillips by 11.8% during the 2nd quarter. 180 Wealth Advisors LLC now owns 3,592 shares of the energy producer's stock valued at $409,000 after acquiring an additional 379 shares in the last quarter. AlphaMark Advisors LLC grew its stake in ConocoPhillips by 41.3% in the second quarter. AlphaMark Advisors LLC now owns 445 shares of the energy producer's stock valued at $51,000 after purchasing an additional 130 shares in the last quarter. Silver Lake Advisory LLC acquired a new position in ConocoPhillips in the 2nd quarter worth about $337,000. Valley National Advisers Inc. raised its stake in shares of ConocoPhillips by 92.5% during the 2nd quarter. Valley National Advisers Inc. now owns 1,442 shares of the energy producer's stock worth $164,000 after purchasing an additional 693 shares in the last quarter. Finally, Naples Global Advisors LLC lifted its holdings in shares of ConocoPhillips by 0.8% during the 2nd quarter. Naples Global Advisors LLC now owns 13,786 shares of the energy producer's stock valued at $1,577,000 after buying an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 82.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. BMO Capital Markets increased their price objective on ConocoPhillips from $123.00 to $125.00 and gave the stock an "outperform" rating in a report on Friday, October 4th. Susquehanna increased their price target on shares of ConocoPhillips from $144.00 to $148.00 and gave the stock a "positive" rating in a research note on Friday, November 1st. Scotiabank decreased their price target on ConocoPhillips from $120.00 to $115.00 and set a "sector perform" rating for the company in a research note on Thursday, October 10th. UBS Group cut their price objective on ConocoPhillips from $153.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, September 18th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $140.00 target price on shares of ConocoPhillips in a research report on Friday, September 13th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, ConocoPhillips has a consensus rating of "Moderate Buy" and an average target price of $139.18.

ConocoPhillips Price Performance

Shares of COP traded down $1.27 during mid-day trading on Thursday, reaching $100.92. The company had a trading volume of 5,907,175 shares, compared to its average volume of 6,016,529. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 1.16. The company's 50-day moving average is $108.26 and its 200-day moving average is $109.92. ConocoPhillips has a twelve month low of $100.87 and a twelve month high of $135.18. The company has a market capitalization of $116.15 billion, a P/E ratio of 12.15, a P/E/G ratio of 0.85 and a beta of 1.18.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The energy producer reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.10. The company had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.97 billion. ConocoPhillips had a net margin of 17.29% and a return on equity of 19.53%. The company's revenue was down 8.5% on a year-over-year basis. During the same quarter last year, the business posted $2.16 earnings per share. On average, equities analysts anticipate that ConocoPhillips will post 7.76 EPS for the current year.

ConocoPhillips Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 11th were given a dividend of $0.78 per share. This is an increase from ConocoPhillips's previous quarterly dividend of $0.58. The ex-dividend date was Friday, November 8th. This represents a $3.12 annualized dividend and a yield of 3.09%. ConocoPhillips's dividend payout ratio is 37.10%.

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.