BigSur Wealth Management LLC maintained its stake in shares of ConocoPhillips (NYSE:COP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,050 shares of the energy producer’s stock at the close of the second quarter. BigSur Wealth Management LLC’s holdings in ConocoPhillips were worth $366,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in COP. Sii Investments Inc. WI grew its position in ConocoPhillips by 6.2% during the second quarter. Sii Investments Inc. WI now owns 269,896 shares of the energy producer’s stock worth $11,873,000 after buying an additional 15,726 shares in the last quarter. Prudential PLC grew its position in ConocoPhillips by 30.8% during the second quarter. Prudential PLC now owns 296,097 shares of the energy producer’s stock worth $13,016,000 after buying an additional 69,800 shares in the last quarter. Capital International Investors grew its position in ConocoPhillips by 11.5% during the second quarter. Capital International Investors now owns 7,885,262 shares of the energy producer’s stock worth $346,636,000 after buying an additional 813,175 shares in the last quarter. AHL Partners LLP purchased a new position in ConocoPhillips during the second quarter worth about $994,000. Finally, First City Capital Management Inc. grew its position in ConocoPhillips by 1.4% during the second quarter. First City Capital Management Inc. now owns 5,459 shares of the energy producer’s stock worth $240,000 after buying an additional 75 shares in the last quarter. Institutional investors own 69.83% of the company’s stock.
Shares of ConocoPhillips (NYSE:COP) opened at $50.47 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.23 and a current ratio of 2.38. ConocoPhillips has a 52 week low of $42.26 and a 52 week high of $54.22. The stock has a market capitalization of $60,337.70, a PE ratio of 2,523.50, a price-to-earnings-growth ratio of 12.40 and a beta of 1.28.
ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, October 26th. The energy producer reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.08. ConocoPhillips had a positive return on equity of 0.12% and a negative net margin of 7.32%. The firm had revenue of $7.20 billion during the quarter, compared to analyst estimates of $6.55 billion. During the same quarter in the previous year, the company posted ($0.66) earnings per share. sell-side analysts forecast that ConocoPhillips will post 0.56 EPS for the current 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 paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Friday, October 13th. ConocoPhillips’s dividend payout ratio (DPR) is presently -57.30%.
Several research firms recently commented on COP. Jefferies Group LLC set a $59.00 target price on ConocoPhillips and gave the stock a “buy” rating in a research report on Sunday, July 30th. Barclays PLC restated an “overweight” rating and set a $55.00 target price (up from $51.00) on shares of ConocoPhillips in a research report on Tuesday, October 10th. BidaskClub cut ConocoPhillips from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Piper Jaffray Companies restated a “buy” rating and set a $53.00 target price on shares of ConocoPhillips in a research report on Friday, November 3rd. Finally, Wells Fargo & Company boosted their target price on ConocoPhillips from $57.00 to $60.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $55.37.
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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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