Godsey & Gibb Associates lowered its position in ConocoPhillips (NYSE:COP) by 0.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 138,994 shares of the energy producer’s stock after selling 1,062 shares during the quarter. Godsey & Gibb Associates’ holdings in ConocoPhillips were worth $6,110,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of COP. State of Tennessee Treasury Department lifted its stake in shares of ConocoPhillips by 79.8% during the first quarter. State of Tennessee Treasury Department now owns 898,352 shares of the energy producer’s stock worth $44,801,000 after purchasing an additional 398,743 shares in the last quarter. CIBC World Markets Inc. lifted its stake in shares of ConocoPhillips by 217.9% during the first quarter. CIBC World Markets Inc. now owns 25,230 shares of the energy producer’s stock worth $1,258,000 after purchasing an additional 17,293 shares in the last quarter. State of Wisconsin Investment Board lifted its stake in shares of ConocoPhillips by 20.2% during the first quarter. State of Wisconsin Investment Board now owns 1,273,022 shares of the energy producer’s stock worth $63,486,000 after purchasing an additional 213,669 shares in the last quarter. Smith Moore & CO. lifted its stake in shares of ConocoPhillips by 1.7% during the first quarter. Smith Moore & CO. now owns 6,401 shares of the energy producer’s stock worth $319,000 after purchasing an additional 105 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its stake in shares of ConocoPhillips by 1.9% during the first quarter. Mutual of America Capital Management LLC now owns 149,823 shares of the energy producer’s stock worth $7,472,000 after purchasing an additional 2,745 shares in the last quarter. Institutional investors own 70.08% of the company’s stock.
Several research analysts recently commented on the company. Scotiabank reiterated a “buy” rating and issued a $53.00 price target on shares of ConocoPhillips in a research note on Friday, September 29th. BidaskClub cut ConocoPhillips from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Barclays PLC reiterated an “overweight” rating and issued a $55.00 price target (up previously from $51.00) on shares of ConocoPhillips in a research note on Tuesday, October 10th. Piper Jaffray Companies reiterated a “buy” rating and issued a $53.00 price target on shares of ConocoPhillips in a research note on Friday, November 3rd. Finally, Royal Bank Of Canada boosted their price target on ConocoPhillips from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, November 9th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $55.37.
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ConocoPhillips (NYSE:COP) opened at $51.23 on Wednesday. The company has a market capitalization of $62,848.27, a P/E ratio of 2,628.50, a PEG ratio of 12.92 and a beta of 1.28. ConocoPhillips has a fifty-two week low of $42.26 and a fifty-two week high of $54.22. The company has a current ratio of 2.38, a quick ratio of 2.23 and a debt-to-equity ratio of 0.64.
ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, October 26th. The energy producer reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.08. The company 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 period in the prior year, the company earned ($0.66) earnings per share. sell-side analysts predict that ConocoPhillips will post 0.54 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, October 16th will be issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Friday, October 13th. ConocoPhillips’s dividend payout ratio (DPR) is presently -57.30%.
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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