Captrust Financial Advisors acquired a new stake in ConocoPhillips (NYSE:COP) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 5,059 shares of the energy producer’s stock, valued at approximately $278,000.
A number of other large investors have also recently modified their holdings of the stock. HBK Investments L P increased its stake in ConocoPhillips by 132.8% during the 4th quarter. HBK Investments L P now owns 183,600 shares of the energy producer’s stock valued at $10,078,000 after buying an additional 104,718 shares during the period. Two Sigma Advisers LP acquired a new position in ConocoPhillips during the 4th quarter valued at about $4,191,000. Premia Global Advisors LLC acquired a new position in ConocoPhillips during the 4th quarter valued at about $297,000. Van Den Berg Management I Inc. increased its stake in ConocoPhillips by 23.4% during the 4th quarter. Van Den Berg Management I Inc. now owns 20,440 shares of the energy producer’s stock valued at $1,122,000 after buying an additional 3,870 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in ConocoPhillips by 13.4% during the 4th quarter. Jones Financial Companies Lllp now owns 16,055 shares of the energy producer’s stock valued at $881,000 after buying an additional 1,892 shares during the period. Hedge funds and other institutional investors own 71.15% of the company’s stock.
Several equities analysts have commented on COP shares. Goldman Sachs raised shares of ConocoPhillips from a “neutral” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Wednesday, December 13th. Howard Weil cut shares of ConocoPhillips from a “focus list” rating to an “outperform” rating and set a $58.00 target price on the stock. in a research note on Friday, December 22nd. Credit Suisse Group started coverage on shares of ConocoPhillips in a research note on Monday, December 11th. They set a “neutral” rating and a $50.00 target price on the stock. Zacks Investment Research raised shares of ConocoPhillips from a “hold” rating to a “strong-buy” rating and set a $61.00 target price on the stock in a research note on Wednesday, February 14th. Finally, Barclays raised their target price on shares of ConocoPhillips from $59.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. ConocoPhillips has a consensus rating of “Buy” and a consensus target price of $59.03.
Shares of ConocoPhillips stock traded down $1.20 during trading on Friday, hitting $59.26. The stock had a trading volume of 8,837,538 shares, compared to its average volume of 7,323,375. The company has a market cap of $71,014.98, a P/E ratio of 98.77, a price-to-earnings-growth ratio of 1.78 and a beta of 1.23. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.76 and a quick ratio of 1.64. ConocoPhillips has a 1 year low of $42.26 and a 1 year high of $61.31.
ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, February 1st. The energy producer reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. The business had revenue of $8.74 billion for the quarter, compared to the consensus estimate of $7.70 billion. ConocoPhillips had a negative net margin of 2.04% and a positive return on equity of 2.81%. During the same period last year, the firm posted ($0.26) earnings per share. analysts expect that ConocoPhillips will post 2.91 EPS for the current fiscal year.
ConocoPhillips declared that its board has authorized a stock repurchase program on Thursday, February 1st that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the energy producer to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.
In other news, SVP Andrew D. Lundquist sold 25,000 shares of ConocoPhillips stock in a transaction that occurred on Thursday, March 29th. The shares were sold at an average price of $58.96, for a total value of $1,474,000.00. Following the transaction, the senior vice president now directly owns 27,353 shares of the company’s stock, valued at $1,612,732.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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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