Sirios Capital Management L P Reduces Holdings in ConocoPhillips (COP)

Sirios Capital Management L P decreased its position in shares of ConocoPhillips (NYSE:COP) by 53.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 143,691 shares of the energy producer’s stock after selling 162,152 shares during the quarter. Sirios Capital Management L P’s holdings in ConocoPhillips were worth $7,192,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the business. Financial Management Professionals Inc. boosted its stake in shares of ConocoPhillips by 0.3% during the second quarter. Financial Management Professionals Inc. now owns 2,294 shares of the energy producer’s stock worth $100,000 after buying an additional 6 shares during the period. WFG Advisors LP boosted its stake in shares of ConocoPhillips by 0.4% during the second quarter. WFG Advisors LP now owns 9,611 shares of the energy producer’s stock worth $423,000 after buying an additional 39 shares during the period. Genesee Valley Trust Co. boosted its stake in shares of ConocoPhillips by 0.6% during the second quarter. Genesee Valley Trust Co. now owns 7,095 shares of the energy producer’s stock worth $312,000 after buying an additional 45 shares during the period. Girard Partners LTD. boosted its stake in shares of ConocoPhillips by 0.6% during the second quarter. Girard Partners LTD. now owns 8,434 shares of the energy producer’s stock worth $371,000 after buying an additional 49 shares during the period. Finally, First City Capital Management Inc. boosted its stake in shares of 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 during the period. 69.63% of the stock is currently owned by institutional investors.

In other news, Director Charles E. Bunch acquired 2,000 shares of ConocoPhillips stock in a transaction that occurred on Monday, December 11th. The stock was purchased at an average price of $52.06 per share, for a total transaction of $104,120.00. Following the completion of the transaction, the director now directly owns 3,429 shares in the company, valued at $178,513.74. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.82% of the stock is owned by company insiders.

Shares of ConocoPhillips (NYSE:COP) opened at $60.05 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.38 and a quick ratio of 2.23. The company has a market cap of $71,790.73, a PE ratio of -32.46, a P/E/G ratio of 2.79 and a beta of 1.26. ConocoPhillips has a 12-month low of $42.26 and a 12-month high of $60.24.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, October 26th. The energy producer reported $0.16 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.08. The firm had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $6.55 billion. ConocoPhillips had a negative net margin of 7.32% and a positive return on equity of 0.12%. During the same quarter last year, the firm earned ($0.66) earnings per share. equities analysts forecast that ConocoPhillips will post 0.57 EPS for the current year.

Several brokerages have recently weighed in on COP. Zacks Investment Research upgraded shares of ConocoPhillips from a “hold” rating to a “strong-buy” rating and set a $66.00 target price for the company in a research note on Wednesday. Howard Weil downgraded shares of ConocoPhillips from a “focus list” rating to an “outperform” rating and set a $58.00 target price for the company. in a research note on Friday, December 22nd. Royal Bank of Canada set a $61.00 target price on shares of ConocoPhillips and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Goldman Sachs Group upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Wednesday, December 13th. Finally, Credit Suisse Group began coverage on shares of ConocoPhillips in a research note on Monday, December 11th. They set a “neutral” rating and a $50.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $55.47.

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ConocoPhillips 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.

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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