Point72 Asset Management L.P. grew its position in shares of ConocoPhillips (NYSE:COP) by 16.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 200,000 shares of the energy producer’s stock after acquiring an additional 28,400 shares during the quarter. Point72 Asset Management L.P.’s holdings in ConocoPhillips were worth $10,010,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in COP. Financial Management Professionals Inc. raised 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 valued at $100,000 after purchasing an additional 6 shares in the last quarter. WFG Advisors LP raised 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 valued at $423,000 after purchasing an additional 39 shares in the last quarter. Genesee Valley Trust Co. raised 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 valued at $312,000 after purchasing an additional 45 shares in the last quarter. Girard Partners LTD. raised 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 valued at $371,000 after purchasing an additional 49 shares in the last quarter. Finally, First City Capital Management Inc. raised 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 valued at $240,000 after purchasing an additional 75 shares in the last quarter. 69.73% of the stock is owned by institutional investors.
Shares of ConocoPhillips (NYSE COP) opened at $59.86 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.38 and a quick ratio of 2.23. ConocoPhillips has a 1 year low of $42.26 and a 1 year high of $60.24. The company has a market cap of $70,344.16, a PE ratio of -32.36, a price-to-earnings-growth ratio of 2.68 and a beta of 1.26.
ConocoPhillips (NYSE:COP) last posted its quarterly earnings data 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. The firm had revenue of $7.20 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the company earned ($0.66) EPS. equities analysts anticipate that ConocoPhillips will post 0.57 EPS for the current year.
A number of equities research analysts recently weighed in on COP shares. Barclays lifted their price objective on shares of ConocoPhillips from $55.00 to $59.00 and gave the company an “overweight” rating in a research note on Friday, October 27th. Royal Bank of Canada lifted their price objective on shares of ConocoPhillips from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Zacks Investment Research cut shares of ConocoPhillips from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Scotiabank reiterated a “buy” rating and issued a $53.00 price target on shares of ConocoPhillips in a research report on Wednesday, November 1st. Finally, Goldman Sachs Group upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $55.47.
In related news, Director Charles E. Bunch acquired 2,000 shares of the business’s stock in a transaction on Monday, December 11th. The shares were purchased at an average price of $52.06 per share, for a total transaction of $104,120.00. Following the acquisition, the director now owns 3,429 shares in the company, valued at $178,513.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.82% of the stock is currently owned by insiders.
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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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