Tweedy Browne Co. LLC decreased its stake in shares of ConocoPhillips (NYSE:COP) by 3.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,963,191 shares of the energy producer’s stock after selling 73,209 shares during the period. ConocoPhillips accounts for 2.6% of Tweedy Browne Co. LLC’s portfolio, making the stock its 14th largest position. Tweedy Browne Co. LLC owned about 0.16% of ConocoPhillips worth $86,302,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Financial Management Professionals Inc. grew its holdings in ConocoPhillips by 0.3% during the 2nd quarter. Financial Management Professionals Inc. now owns 2,294 shares of the energy producer’s stock valued at $100,000 after purchasing an additional 6 shares in the last quarter. First Command Bank grew its holdings in ConocoPhillips by 9.4% during the 2nd quarter. First Command Bank now owns 2,313 shares of the energy producer’s stock valued at $101,000 after purchasing an additional 199 shares in the last quarter. Westside Investment Management Inc. grew its holdings in ConocoPhillips by 468.4% during the 1st quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer’s stock valued at $119,000 after purchasing an additional 2,000 shares in the last quarter. Reilly Financial Advisors LLC grew its holdings in ConocoPhillips by 20.5% during the 2nd quarter. Reilly Financial Advisors LLC now owns 2,758 shares of the energy producer’s stock valued at $121,000 after purchasing an additional 470 shares in the last quarter. Finally, Massey Quick & Co. LLC acquired a new stake in ConocoPhillips during the 1st quarter valued at $123,000. 69.87% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently weighed in on COP. Scotiabank reaffirmed a “buy” rating and set a $53.00 price target on shares of ConocoPhillips in a report on Friday, September 29th. Barclays reaffirmed an “overweight” rating and set a $55.00 price target (up from $51.00) on shares of ConocoPhillips in a report on Tuesday, October 10th. BidaskClub lowered shares of ConocoPhillips from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Piper Jaffray Companies set a $45.00 price objective on shares of ConocoPhillips and gave the company a “buy” rating in a research note on Friday, August 25th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $54.00 price objective on shares of ConocoPhillips in a research note on Friday, September 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. ConocoPhillips presently has an average rating of “Buy” and a consensus price target of $55.59.
ConocoPhillips (NYSE:COP) traded down $0.45 during mid-day trading on Monday, hitting $51.29. 6,167,487 shares of the company were exchanged, compared to its average volume of 7,152,073. 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 1-year low of $42.26 and a 1-year high of $54.22. The firm has a market cap of $61,320.00, a PE ratio of 2,587.00, a PEG ratio of 12.71 and a beta of 1.26.
ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, October 26th. The energy producer reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.08. ConocoPhillips had a negative net margin of 7.32% and a positive return on equity of 0.12%. The business had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $6.55 billion. During the same quarter last year, the company earned ($0.66) EPS. analysts expect that ConocoPhillips will post 0.54 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, October 16th were paid a dividend of $0.265 per share. The ex-dividend date of this dividend was Friday, October 13th. This represents a $1.06 annualized dividend and a yield of 2.07%. ConocoPhillips’s payout ratio is -53.27%.
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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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