Adell Harriman & Carpenter Inc. Has $644,000 Holdings in ConocoPhillips (COP)

Adell Harriman & Carpenter Inc. lessened its position in shares of ConocoPhillips (NYSE:COP) by 12.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,659 shares of the energy producer’s stock after selling 2,090 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in ConocoPhillips were worth $644,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Management Professionals Inc. boosted its holdings in shares of ConocoPhillips by 0.3% in the 2nd 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 in the last quarter. Canal Capital Management LLC boosted its holdings in shares of ConocoPhillips by 0.3% in the 2nd 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 in the last quarter. Wendell David Associates Inc. boosted its holdings in shares of ConocoPhillips by 0.3% in the 2nd 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 in the last quarter. Sheets Smith Wealth Management boosted its holdings in shares of ConocoPhillips by 0.3% in the 2nd 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 in the last quarter. Finally, Cornerstone Advisors Inc. boosted its holdings in shares of ConocoPhillips by 1.0% in the 2nd 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 in the last quarter. Institutional investors own 68.85% of the company’s stock.

COP has been the subject of several research analyst reports. Jefferies Group LLC set a $54.00 target price on shares of ConocoPhillips and gave the company a “buy” rating in a report on Tuesday, August 29th. Royal Bank Of Canada set a $54.00 target price on shares of ConocoPhillips and gave the company a “buy” rating in a report on Thursday, August 24th. Zacks Investment Research cut shares of ConocoPhillips from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BidaskClub upgraded shares of ConocoPhillips from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Finally, Piper Jaffray Companies set a $45.00 target price on shares of ConocoPhillips and gave the company a “buy” rating in a report on Friday, August 25th. Four analysts have rated the stock with a sell rating, eight have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. ConocoPhillips presently has a consensus rating of “Hold” and a consensus price target of $53.81.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://ledgergazette.com/2017/10/19/adell-harriman-carpenter-inc-has-644000-holdings-in-conocophillips-cop.html.

ConocoPhillips (NYSE:COP) opened at 49.71 on Thursday. The stock’s market cap is $60.49 billion. ConocoPhillips has a 12 month low of $40.96 and a 12 month high of $53.17. The firm’s 50-day moving average is $47.78 and its 200-day moving average is $46.13.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, July 27th. The energy producer reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.16. ConocoPhillips had a negative net margin of 12.29% and a negative return on equity of 2.86%. The company had revenue of $8.88 billion during the quarter, compared to the consensus estimate of $6.74 billion. During the same quarter in the previous year, the company posted ($0.79) earnings per share. On average, equities analysts forecast that ConocoPhillips will post $0.30 earnings per share for the current fiscal year.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Management Professionals Inc. boosted its holdings in shares of ConocoPhillips by 0.3% in the 2nd 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 in the last quarter. Canal Capital Management LLC boosted its holdings in shares of ConocoPhillips by 0.3% in the 2nd 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 in the last quarter. Wendell David Associates Inc. boosted its holdings in shares of ConocoPhillips by 0.3% in the 2nd 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 in the last quarter. Sheets Smith Wealth Management boosted its holdings in shares of ConocoPhillips by 0.3% in the 2nd 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 in the last quarter. Finally, Cornerstone Advisors Inc. boosted its holdings in shares of ConocoPhillips by 1.0% in the 2nd 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 in the last quarter. Institutional investors own 68.85% of the company’s stock.

COP has been the subject of several research analyst reports. Jefferies Group LLC set a $54.00 target price on shares of ConocoPhillips and gave the company a “buy” rating in a report on Tuesday, August 29th. Royal Bank Of Canada set a $54.00 target price on shares of ConocoPhillips and gave the company a “buy” rating in a report on Thursday, August 24th. Zacks Investment Research cut shares of ConocoPhillips from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BidaskClub upgraded shares of ConocoPhillips from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Finally, Piper Jaffray Companies set a $45.00 target price on shares of ConocoPhillips and gave the company a “buy” rating in a report on Friday, August 25th. Four analysts have rated the stock with a sell rating, eight have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. ConocoPhillips presently has a consensus rating of “Hold” and a consensus price target of $53.81.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://ledgergazette.com/2017/10/19/adell-harriman-carpenter-inc-has-644000-holdings-in-conocophillips-cop.html.

ConocoPhillips (NYSE:COP) opened at 49.71 on Thursday. The stock’s market cap is $60.49 billion. ConocoPhillips has a 12 month low of $40.96 and a 12 month high of $53.17. The firm’s 50-day moving average is $47.78 and its 200-day moving average is $46.13.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, July 27th. The energy producer reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.16. ConocoPhillips had a negative net margin of 12.29% and a negative return on equity of 2.86%. The company had revenue of $8.88 billion during the quarter, compared to the consensus estimate of $6.74 billion. During the same quarter in the previous year, the company posted ($0.79) earnings per share. On average, equities analysts forecast that ConocoPhillips will post $0.30 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 dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Friday, October 13th. ConocoPhillips’s dividend payout ratio (DPR) is -34.98%.

About ConocoPhillips

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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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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