ConocoPhillips (COP) Shares Sold by Adirondack Trust Co.

Adirondack Trust Co. decreased its holdings in ConocoPhillips (NYSE:COP) by 30.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,967 shares of the energy producer’s stock after selling 5,252 shares during the period. Adirondack Trust Co.’s holdings in ConocoPhillips were worth $526,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Financial Management Professionals Inc. raised its stake in ConocoPhillips by 0.3% in the second quarter. Financial Management Professionals Inc. now owns 2,294 shares of the energy producer’s stock valued at $100,000 after buying an additional 6 shares during the period. Canal Capital Management LLC raised its stake in ConocoPhillips by 0.3% in the second quarter. Canal Capital Management LLC now owns 6,342 shares of the energy producer’s stock valued at $279,000 after buying an additional 22 shares during the period. Wendell David Associates Inc. raised its stake in ConocoPhillips by 0.3% in the second quarter. Wendell David Associates Inc. now owns 7,561 shares of the energy producer’s stock valued at $332,000 after buying an additional 26 shares during the period. Sheets Smith Wealth Management raised its stake in ConocoPhillips by 0.3% in the second quarter. Sheets Smith Wealth Management now owns 13,694 shares of the energy producer’s stock valued at $602,000 after buying an additional 37 shares during the period. Finally, Cornerstone Advisors Inc. raised its stake in ConocoPhillips by 1.0% in the second quarter. Cornerstone Advisors Inc. now owns 3,755 shares of the energy producer’s stock valued at $165,000 after buying an additional 37 shares during the period. Hedge funds and other institutional investors own 68.90% of the company’s stock.

WARNING: This story was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another site, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://ledgergazette.com/2017/10/11/conocophillips-cop-shares-sold-by-adirondack-trust-co.html.

Several research firms have issued reports on COP. Barclays PLC upped their price objective on ConocoPhillips from $51.00 to $55.00 and gave the company an “overweight” rating in a research note on Tuesday. Scotiabank restated a “buy” rating and issued a $53.00 price objective on shares of ConocoPhillips in a research note on Friday, September 29th. Zacks Investment Research lowered ConocoPhillips from a “hold” rating to a “sell” rating in a research note on Tuesday. BidaskClub lowered ConocoPhillips from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $54.00 price objective on shares of ConocoPhillips in a research note on Friday, September 29th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $54.15.

ConocoPhillips (COP) opened at 49.19 on Wednesday. ConocoPhillips has a 52 week low of $40.37 and a 52 week high of $53.17. The stock’s 50 day moving average price is $46.68 and its 200-day moving average price is $46.01. The company’s market cap is $59.86 billion.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, July 27th. The energy producer reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.16. The firm had revenue of $8.88 billion for the quarter, compared to analysts’ expectations of $6.74 billion. ConocoPhillips had a negative net margin of 12.29% and a negative return on equity of 2.86%. During the same

A number of other large investors have also added to or reduced their stakes in the business. Financial Management Professionals Inc. raised its stake in ConocoPhillips by 0.3% in the second quarter. Financial Management Professionals Inc. now owns 2,294 shares of the energy producer’s stock valued at $100,000 after buying an additional 6 shares during the period. Canal Capital Management LLC raised its stake in ConocoPhillips by 0.3% in the second quarter. Canal Capital Management LLC now owns 6,342 shares of the energy producer’s stock valued at $279,000 after buying an additional 22 shares during the period. Wendell David Associates Inc. raised its stake in ConocoPhillips by 0.3% in the second quarter. Wendell David Associates Inc. now owns 7,561 shares of the energy producer’s stock valued at $332,000 after buying an additional 26 shares during the period. Sheets Smith Wealth Management raised its stake in ConocoPhillips by 0.3% in the second quarter. Sheets Smith Wealth Management now owns 13,694 shares of the energy producer’s stock valued at $602,000 after buying an additional 37 shares during the period. Finally, Cornerstone Advisors Inc. raised its stake in ConocoPhillips by 1.0% in the second quarter. Cornerstone Advisors Inc. now owns 3,755 shares of the energy producer’s stock valued at $165,000 after buying an additional 37 shares during the period. Hedge funds and other institutional investors own 68.90% of the company’s stock.

WARNING: This story was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another site, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://ledgergazette.com/2017/10/11/conocophillips-cop-shares-sold-by-adirondack-trust-co.html.

Several research firms have issued reports on COP. Barclays PLC upped their price objective on ConocoPhillips from $51.00 to $55.00 and gave the company an “overweight” rating in a research note on Tuesday. Scotiabank restated a “buy” rating and issued a $53.00 price objective on shares of ConocoPhillips in a research note on Friday, September 29th. Zacks Investment Research lowered ConocoPhillips from a “hold” rating to a “sell” rating in a research note on Tuesday. BidaskClub lowered ConocoPhillips from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $54.00 price objective on shares of ConocoPhillips in a research note on Friday, September 29th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $54.15.

ConocoPhillips (COP) opened at 49.19 on Wednesday. ConocoPhillips has a 52 week low of $40.37 and a 52 week high of $53.17. The stock’s 50 day moving average price is $46.68 and its 200-day moving average price is $46.01. The company’s market cap is $59.86 billion.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, July 27th. The energy producer reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.16. The firm had revenue of $8.88 billion for the quarter, compared to analysts’ expectations of $6.74 billion. ConocoPhillips had a negative net margin of 12.29% and a negative return on equity of 2.86%. During the same quarter in the prior year, the firm posted ($0.79) earnings per share. On average, equities research analysts forecast that ConocoPhillips will post $0.28 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, October 16th will be issued a $0.265 dividend. The ex-dividend date is Friday, October 13th. This represents a $1.06 annualized dividend and a dividend yield of 2.15%. ConocoPhillips’s payout ratio is currently -34.98%.

ConocoPhillips 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.

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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