Steward Partners Investment Advisory LLC acquired a new stake in ConocoPhillips (NYSE:COP) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 30,543 shares of the energy producer’s stock, valued at approximately $1,528,000.
Several other institutional investors have also bought and sold shares of the company. Belpointe Asset Management LLC acquired a new stake in shares of ConocoPhillips in the third quarter worth approximately $258,000. Yellowstone Partners LLC acquired a new stake in shares of ConocoPhillips in the third quarter worth approximately $752,000. Fieldpoint Private Securities LLC acquired a new stake in shares of ConocoPhillips in the third quarter worth approximately $317,000. Wealthcare Advisory Partners LLC acquired a new stake in shares of ConocoPhillips in the third quarter worth approximately $307,000. Finally, Stonebridge Capital Advisors LLC boosted its stake in shares of ConocoPhillips by 6.7% in the third quarter. Stonebridge Capital Advisors LLC now owns 107,460 shares of the energy producer’s stock worth $5,378,000 after acquiring an additional 6,775 shares during the last quarter. Institutional investors and hedge funds own 69.73% of the company’s stock.
A number of brokerages have recently issued reports on COP. Macquarie began coverage on ConocoPhillips in a research note on Wednesday. They issued an “outperform” rating on the stock. Cowen set a $70.00 price target on ConocoPhillips and gave the stock a “buy” rating in a research note on Thursday. Zacks Investment Research raised ConocoPhillips from a “hold” rating to a “strong-buy” rating and set a $66.00 price target on the stock in a research note on Wednesday, January 10th. Howard Weil lowered ConocoPhillips from a “focus list” rating to an “outperform” rating and set a $58.00 price target on the stock. in a research note on Friday, December 22nd. Finally, Royal Bank of Canada set a $61.00 price target on ConocoPhillips and gave the stock a “buy” rating in a research note on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $56.35.
ConocoPhillips (NYSE:COP) opened at $59.75 on Friday. The firm has a market capitalization of $71,432.08, a price-to-earnings ratio of 2,987.50, a price-to-earnings-growth ratio of 2.59 and a beta of 1.26. 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 12 month low of $42.26 and a 12 month high of $60.24.
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. The company had revenue of $7.20 billion for the quarter, compared to analyst estimates 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 posted ($0.66) earnings per share. equities analysts forecast that ConocoPhillips will post 0.57 EPS for the current fiscal year.
In related news, Director Charles E. Bunch acquired 2,000 shares of the stock in a transaction on Monday, December 11th. The shares were bought at an average price of $52.06 per share, with a total value of $104,120.00. Following the completion of the purchase, the director now owns 3,429 shares of the company’s stock, valued at approximately $178,513.74. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.82% of the company’s stock.
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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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