Stifel Financial Corp reduced its stake in shares of ConocoPhillips (NYSE:COP) by 1.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 712,010 shares of the energy producer’s stock after selling 9,774 shares during the period. Stifel Financial Corp owned 0.06% of ConocoPhillips worth $31,279,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Financial Management Professionals Inc. raised its position 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 worth $100,000 after acquiring an additional 6 shares in the last quarter. First Command Bank raised its position in shares of ConocoPhillips by 9.4% in the 2nd quarter. First Command Bank now owns 2,313 shares of the energy producer’s stock worth $101,000 after acquiring an additional 199 shares in the last quarter. Westside Investment Management Inc. raised its position in shares of ConocoPhillips by 468.4% in the 1st quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer’s stock worth $119,000 after acquiring an additional 2,000 shares in the last quarter. Reilly Financial Advisors LLC raised its position in shares of ConocoPhillips by 20.5% in the 2nd quarter. Reilly Financial Advisors LLC now owns 2,758 shares of the energy producer’s stock worth $121,000 after acquiring an additional 470 shares in the last quarter. Finally, Massey Quick & Co. LLC bought a new position in shares of ConocoPhillips in the 1st quarter worth about $123,000. 69.83% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on COP shares. Scotiabank reissued a “buy” rating and issued a $52.00 price objective on shares of ConocoPhillips in a research report on Friday, September 8th. J P Morgan Chase & Co reissued an “overweight” rating on shares of ConocoPhillips in a research report on Saturday, September 16th. Jefferies Group LLC set a $54.00 price objective on ConocoPhillips and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Royal Bank Of Canada lifted their price objective on ConocoPhillips from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, November 9th. Finally, Bank of America Corporation raised ConocoPhillips from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $51.00 to $58.00 in a research report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $55.37.
ConocoPhillips (NYSE COP) opened at $50.01 on Wednesday. The stock has a market capitalization of $59,871.44, a PE ratio of 2,504.00, a price-to-earnings-growth ratio of 12.31 and a beta of 1.28. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.23 and a current ratio of 2.38. ConocoPhillips has a 12 month low of $42.26 and a 12 month high of $54.22.
ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, October 26th. The energy producer reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 positive return on equity of 0.12% and a negative net margin of 7.32%. During the same quarter in the previous year, the business earned ($0.66) EPS. equities research analysts expect that ConocoPhillips will post 0.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 16th will be given a dividend of $0.265 per share. The ex-dividend date is Friday, October 13th. This represents a $1.06 annualized dividend and a dividend yield of 2.12%. ConocoPhillips’s dividend payout ratio is currently -57.30%.
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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