Trust Co. of Toledo NA OH cut its stake in shares of ConocoPhillips (NYSE:COP) by 25.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,254 shares of the energy producer’s stock after selling 6,431 shares during the period. Trust Co. of Toledo NA OH’s holdings in ConocoPhillips were worth $1,057,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. lifted its stake in ConocoPhillips by 468.8% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,820 shares of the energy producer’s stock valued at $100,000 after acquiring an additional 1,500 shares in the last quarter. Krilogy Financial LLC increased its position in shares of ConocoPhillips by 48.6% during the 2nd quarter. Krilogy Financial LLC now owns 2,392 shares of the energy producer’s stock valued at $105,000 after purchasing an additional 782 shares during the last quarter. Rocky Mountain Advisers LLC increased its position in shares of ConocoPhillips by 140.2% during the 3rd quarter. Rocky Mountain Advisers LLC now owns 2,392 shares of the energy producer’s stock valued at $120,000 after purchasing an additional 1,396 shares during the last quarter. First Personal Financial Services increased its position in shares of ConocoPhillips by 111.9% during the 4th quarter. First Personal Financial Services now owns 2,649 shares of the energy producer’s stock valued at $145,000 after purchasing an additional 1,399 shares during the last quarter. Finally, Clear Perspective Advisors LLC increased its position in shares of ConocoPhillips by 75.5% during the 2nd quarter. Clear Perspective Advisors LLC now owns 2,790 shares of the energy producer’s stock valued at $123,000 after purchasing an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 70.49% of the company’s stock.
Shares of ConocoPhillips (COP) opened at $57.05 on Friday. ConocoPhillips has a twelve month low of $42.26 and a twelve month high of $61.31. The firm has a market capitalization of $64,496.08, a PE ratio of 75.22, a P/E/G ratio of 1.75 and a beta of 1.32. The company has a quick ratio of 2.23, a current ratio of 1.76 and a debt-to-equity ratio of 0.56.
ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, February 1st. The energy producer reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. ConocoPhillips had a positive return on equity of 2.81% and a negative net margin of 2.04%. The company had revenue of $8.74 billion during the quarter, compared to analyst estimates of $7.70 billion. During the same quarter last year, the firm posted ($0.26) EPS. analysts forecast that ConocoPhillips will post 2.85 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Monday, February 12th will be issued a $0.285 dividend. The ex-dividend date is Friday, February 9th. This represents a $1.14 annualized dividend and a yield of 2.00%. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.27. ConocoPhillips’s dividend payout ratio (DPR) is -228.00%.
ConocoPhillips declared that its board has authorized a share buyback plan on Wednesday, November 8th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the energy producer to buy shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research raised ConocoPhillips from a “hold” rating to a “strong-buy” rating and set a $66.00 target price for the company in a research report on Wednesday, January 10th. Scotiabank reaffirmed a “buy” rating and set a $53.00 target price on shares of ConocoPhillips in a research report on Wednesday, November 1st. Argus decreased their target price on ConocoPhillips from $65.00 to $54.54 and set a “buy” rating for the company in a research report on Friday, February 16th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $53.00 target price on shares of ConocoPhillips in a research report on Friday, November 3rd. Finally, Wells Fargo & Co raised their target price on ConocoPhillips from $57.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. ConocoPhillips presently has a consensus rating of “Buy” and a consensus target price of $58.53.
In related news, Director Charles E. Bunch bought 2,000 shares of ConocoPhillips stock in a transaction on Monday, December 11th. The stock was acquired at an average price of $52.06 per share, with a total value of $104,120.00. Following the acquisition, the director now directly owns 3,429 shares of the company’s stock, valued at $178,513.74. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.82% of the company’s stock.
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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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