San Francisco Sentry Investment Group CA grew its position in ConocoPhillips (NYSE:COP) by 15.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,013 shares of the energy producer’s stock after purchasing an additional 2,743 shares during the period. San Francisco Sentry Investment Group CA’s holdings in ConocoPhillips were worth $924,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in ConocoPhillips by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 90,547,596 shares of the energy producer’s stock worth $3,980,473,000 after purchasing an additional 1,694,618 shares during the last quarter. BlackRock Inc. increased its holdings in ConocoPhillips by 7.8% during the 2nd quarter. BlackRock Inc. now owns 85,821,694 shares of the energy producer’s stock worth $3,772,723,000 after purchasing an additional 6,197,896 shares during the last quarter. State Street Corp increased its holdings in ConocoPhillips by 3.9% during the 1st quarter. State Street Corp now owns 65,388,296 shares of the energy producer’s stock worth $3,260,918,000 after purchasing an additional 2,452,533 shares during the last quarter. FMR LLC increased its holdings in ConocoPhillips by 6.9% during the 1st quarter. FMR LLC now owns 61,497,903 shares of the energy producer’s stock worth $3,066,900,000 after purchasing an additional 3,982,002 shares during the last quarter. Finally, Macquarie Group Ltd. increased its holdings in ConocoPhillips by 1.1% during the 1st quarter. Macquarie Group Ltd. now owns 15,981,830 shares of the energy producer’s stock worth $797,013,000 after purchasing an additional 176,055 shares during the last quarter. 69.87% of the stock is currently owned by institutional investors and hedge funds.
Shares of ConocoPhillips (COP) opened at $51.23 on Wednesday. The company has a quick ratio of 2.23, a current ratio of 2.38 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $61,318.02, a price-to-earnings ratio of 2,564.50, a PEG ratio of 12.60 and a beta of 1.26. ConocoPhillips has a twelve month low of $42.26 and a twelve month high of $54.22.
ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, October 26th. The energy producer reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.08. The business had revenue of $7.20 billion during the quarter, compared to analyst estimates 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 prior year, the firm posted ($0.66) earnings per share. analysts forecast that ConocoPhillips will post 0.54 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, October 16th were given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Friday, October 13th. ConocoPhillips’s payout ratio is -57.30%.
Several research firms have issued reports on COP. 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 report on Thursday, November 9th. Piper Jaffray Companies reiterated a “buy” rating and issued a $53.00 price target on shares of ConocoPhillips in a report on Friday, November 3rd. Scotiabank reiterated a “buy” rating and issued a $53.00 price target on shares of ConocoPhillips in a report on Wednesday, November 1st. Barclays boosted their price target on ConocoPhillips from $55.00 to $59.00 and gave the company an “overweight” rating in a report on Friday, October 27th. Finally, Wells Fargo & Company boosted their price target on ConocoPhillips from $57.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. ConocoPhillips presently has an average rating of “Buy” and an average price target of $55.59.
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ConocoPhillips Company 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.
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