Virtu KCG Holdings LLC lifted its holdings in ConocoPhillips (NYSE:COP) by 533.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 147,256 shares of the energy producer’s stock after buying an additional 124,007 shares during the quarter. Virtu KCG Holdings LLC’s holdings in ConocoPhillips were worth $6,473,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in COP. Financial Management Professionals Inc. boosted its position in ConocoPhillips by 0.3% during the 2nd quarter. Financial Management Professionals Inc. now owns 2,294 shares of the energy producer’s stock valued at $100,000 after acquiring an additional 6 shares in the last quarter. First Command Bank boosted its position in ConocoPhillips by 9.4% during the 2nd quarter. First Command Bank now owns 2,313 shares of the energy producer’s stock valued at $101,000 after acquiring an additional 199 shares in the last quarter. Westside Investment Management Inc. boosted its position in ConocoPhillips by 468.4% during the 1st quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer’s stock valued at $119,000 after acquiring an additional 2,000 shares in the last quarter. Reilly Financial Advisors LLC boosted 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 purchasing an additional 470 shares in the last quarter. Finally, Massey Quick & Co. LLC acquired a new stake in shares of ConocoPhillips in the 1st quarter worth $123,000. 69.87% of the stock is currently owned by institutional investors.
ConocoPhillips (COP) traded down $0.85 during midday trading on Wednesday, hitting $50.38. The company’s stock had a trading volume of 4,437,278 shares, compared to its average volume of 7,129,372. The stock has a market cap of $61,318.02, a price-to-earnings ratio of 2,564.50, a P/E/G 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. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.38 and a quick ratio of 2.23.
ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, October 26th. The energy producer reported $0.16 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.08. ConocoPhillips had a positive return on equity of 0.12% and a negative net margin of 7.32%. The firm had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $6.55 billion. During the same period last year, the firm earned ($0.66) EPS. sell-side analysts expect that ConocoPhillips will post 0.54 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, October 16th were given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Friday, October 13th. ConocoPhillips’s dividend payout ratio (DPR) is presently -57.30%.
COP has been the subject of a number of recent analyst reports. BidaskClub raised ConocoPhillips from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Royal Bank Of Canada set a $54.00 price objective on ConocoPhillips and gave the stock a “buy” rating in a research report on Thursday, August 24th. Piper Jaffray Companies set a $45.00 price objective on ConocoPhillips and gave the stock a “buy” rating in a research report on Friday, August 25th. Jefferies Group set a $54.00 price objective on ConocoPhillips and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Finally, Scotiabank restated a “buy” rating and issued a $52.00 target price on shares of ConocoPhillips in a research note on Friday, September 8th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $55.59.
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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