Willis Investment Counsel trimmed its holdings in ConocoPhillips (NYSE:COP) by 4.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,725 shares of the energy producer’s stock after selling 5,745 shares during the period. Willis Investment Counsel’s holdings in ConocoPhillips were worth $4,999,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in COP. Financial Management Professionals Inc. grew its stake in 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. First Command Bank boosted its holdings in ConocoPhillips by 9.4% in the 2nd quarter. First Command Bank now owns 2,313 shares of the energy producer’s stock valued at $101,000 after purchasing an additional 199 shares during the period. Westside Investment Management Inc. boosted its holdings in ConocoPhillips by 468.4% in the 1st quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer’s stock valued at $119,000 after purchasing an additional 2,000 shares during the period. Reilly Financial Advisors LLC boosted its holdings in ConocoPhillips by 20.5% in the 2nd quarter. Reilly Financial Advisors LLC now owns 2,758 shares of the energy producer’s stock valued at $121,000 after purchasing an additional 470 shares during the period. Finally, Massey Quick & Co. LLC bought a new position in ConocoPhillips in the 1st quarter valued at $123,000. Institutional investors and hedge funds own 70.08% of the company’s stock.
Shares of ConocoPhillips (NYSE COP) opened at $50.13 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.38 and a quick ratio of 2.23. The firm has a market cap of $60,040.00, a price-to-earnings ratio of 2,561.50, a price-to-earnings-growth ratio of 12.59 and a beta of 1.28. ConocoPhillips has a one year low of $42.26 and a one year high of $54.22.
ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, October 26th. The energy producer reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.08. The business had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $6.55 billion. ConocoPhillips had a negative net margin of 7.32% and a positive return on equity of 0.12%. During the same period in the previous year, the firm posted ($0.66) earnings per share. equities analysts anticipate that ConocoPhillips will post 0.54 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 16th will be paid a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Friday, October 13th. ConocoPhillips’s dividend payout ratio is presently -53.27%.
COP has been the subject of several analyst reports. Citigroup Inc. cut their price target on shares of ConocoPhillips from $65.00 to $57.00 and set a “buy” rating for the company in a report on Friday, July 21st. ValuEngine raised shares of ConocoPhillips from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Bank of America Corporation raised shares of ConocoPhillips from a “neutral” rating to a “buy” rating and raised their price target for the company from $51.00 to $58.00 in a report on Friday, July 28th. Jefferies Group LLC set a $59.00 price target on shares of ConocoPhillips and gave the company a “buy” rating in a report on Sunday, July 30th. Finally, BidaskClub raised shares of ConocoPhillips from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. ConocoPhillips presently has an average rating of “Buy” and a consensus target price of $55.37.
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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