Winslow Evans & Crocker Inc. trimmed its position in shares of ConocoPhillips (NYSE:COP) by 15.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 10,480 shares of the energy producer’s stock after selling 1,986 shares during the quarter. Winslow Evans & Crocker Inc.’s holdings in ConocoPhillips were worth $524,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in COP. Prudential Financial Inc. boosted its holdings in shares of ConocoPhillips by 1.9% during the 1st quarter. Prudential Financial Inc. now owns 5,143,375 shares of the energy producer’s stock valued at $256,500,000 after acquiring an additional 93,430 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of ConocoPhillips by 19.5% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,428,758 shares of the energy producer’s stock worth $71,252,000 after purchasing an additional 232,700 shares during the period. Stifel Financial Corp lifted its stake in shares of ConocoPhillips by 1.8% in the 1st quarter. Stifel Financial Corp now owns 721,784 shares of the energy producer’s stock worth $35,857,000 after purchasing an additional 12,423 shares during the period. Berkeley Capital Partners LLC lifted its stake in shares of ConocoPhillips by 1.8% in the 1st quarter. Berkeley Capital Partners LLC now owns 7,293 shares of the energy producer’s stock worth $364,000 after purchasing an additional 132 shares during the period. Finally, Clinton Group Inc. bought a new position in shares of ConocoPhillips in the 1st quarter worth approximately $2,359,000. 69.87% of the stock is currently owned by institutional investors.
COP has been the topic of several recent research reports. Scotiabank reiterated a “buy” rating and issued a $52.00 price objective on shares of ConocoPhillips in a research note on Friday, September 8th. J P Morgan Chase & Co reiterated an “overweight” rating on shares of ConocoPhillips in a research note on Saturday, September 16th. Royal Bank Of Canada increased their price objective on shares of ConocoPhillips from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, November 9th. Jefferies Group set a $54.00 price objective on shares of ConocoPhillips and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Finally, Barclays increased their price objective on shares of ConocoPhillips from $55.00 to $59.00 and gave the stock an “overweight” rating in a research note on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. ConocoPhillips has a consensus rating of “Buy” and a consensus price target of $55.59.
Shares of ConocoPhillips (NYSE COP) opened at $51.57 on Friday. ConocoPhillips has a one year low of $42.26 and a one year high of $54.22. The company has a market cap of $61,652.76, a P/E ratio of 2,578.50, a price-to-earnings-growth ratio of 12.67 and a beta of 1.26. 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 released its earnings results on Thursday, October 26th. The energy producer reported $0.16 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $6.55 billion. During the same quarter last year, the business earned ($0.66) EPS. equities analysts forecast that ConocoPhillips will post 0.54 earnings per share for the current year.
The company 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. This represents a $1.06 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date was Friday, October 13th. ConocoPhillips’s payout ratio is -57.30%.
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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.
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