Farmers National Bank acquired a new position in shares of ConocoPhillips (NYSE:COP) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,189 shares of the energy producer’s stock, valued at approximately $213,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legacy Bridge LLC bought a new position in shares of ConocoPhillips during the 4th quarter worth approximately $534,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its position in ConocoPhillips by 8.7% during the 4th quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 79,700 shares of the energy producer’s stock worth $4,969,000 after purchasing an additional 6,400 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in ConocoPhillips during the 1st quarter worth approximately $2,529,000. Sumitomo Mitsui Asset Management Company LTD grew its position in ConocoPhillips by 15.9% during the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 94,288 shares of the energy producer’s stock worth $5,878,000 after purchasing an additional 12,919 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board purchased a new stake in ConocoPhillips during the 4th quarter worth approximately $2,335,000. Hedge funds and other institutional investors own 73.71% of the company’s stock.
Several analysts have weighed in on the stock. ValuEngine raised shares of ConocoPhillips from a “sell” rating to a “hold” rating in a research report on Wednesday. Morgan Stanley boosted their target price on shares of ConocoPhillips from $83.00 to $84.00 and gave the stock an “overweight” rating in a research report on Thursday, May 16th. Credit Suisse Group downgraded shares of ConocoPhillips from an “outperform” rating to a “neutral” rating and set a $64.00 target price on the stock. in a research report on Wednesday, May 1st. Piper Jaffray Companies raised shares of ConocoPhillips from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $68.00 to $75.00 in a research report on Thursday, March 21st. Finally, Zacks Investment Research raised shares of ConocoPhillips from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research report on Wednesday, March 13th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $78.60.
COP stock opened at $59.88 on Friday. The firm has a market capitalization of $67.68 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 1.51 and a beta of 1.06. The company has a current ratio of 1.86, a quick ratio of 1.72 and a debt-to-equity ratio of 0.45. ConocoPhillips has a 12 month low of $56.75 and a 12 month high of $80.24.
ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Tuesday, April 30th. The energy producer reported $1.00 EPS for the quarter, beating the consensus estimate of $0.92 by $0.08. The business had revenue of $10.06 billion for the quarter, compared to the consensus estimate of $9.16 billion. ConocoPhillips had a net margin of 18.08% and a return on equity of 16.65%. During the same period in the prior year, the firm earned $0.96 EPS. On average, research analysts expect that ConocoPhillips will post 4.44 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 13th will be issued a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Friday, May 10th. ConocoPhillips’s dividend payout ratio (DPR) is currently 26.93%.
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ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the tight oil reservoirs, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.
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