National Planning Corp lessened its holdings in shares of ConocoPhillips (NYSE:COP) by 24.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,674 shares of the energy producer’s stock after selling 8,210 shares during the period. National Planning Corp’s holdings in ConocoPhillips were worth $1,264,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Freestone Capital Holdings LLC raised its holdings in shares of ConocoPhillips by 78.7% during the second quarter. Freestone Capital Holdings LLC now owns 8,047 shares of the energy producer’s stock valued at $354,000 after buying an additional 3,543 shares during the last quarter. Point View Wealth Management Inc. raised its holdings in shares of ConocoPhillips by 19.8% during the second quarter. Point View Wealth Management Inc. now owns 32,939 shares of the energy producer’s stock valued at $1,448,000 after buying an additional 5,452 shares during the last quarter. Toronto Dominion Bank raised its holdings in shares of ConocoPhillips by 16.1% during the second quarter. Toronto Dominion Bank now owns 616,392 shares of the energy producer’s stock valued at $27,092,000 after buying an additional 85,538 shares during the last quarter. Korea Investment CORP raised its holdings in shares of ConocoPhillips by 32.8% during the third quarter. Korea Investment CORP now owns 1,026,000 shares of the energy producer’s stock valued at $51,351,000 after buying an additional 253,600 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in shares of ConocoPhillips during the second quarter valued at approximately $26,376,000. 69.63% of the stock is currently owned by institutional investors.
In other news, Director Charles E. Bunch acquired 2,000 shares of the stock in a transaction on Monday, December 11th. The shares were purchased at an average cost of $52.06 per share, for a total transaction of $104,120.00. Following the transaction, the director now owns 3,429 shares in the company, valued at approximately $178,513.74. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.82% of the company’s stock.
ConocoPhillips (NYSE:COP) opened at $60.05 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 stock has a market cap of $70,750.64, a P/E ratio of -32.46, a price-to-earnings-growth ratio of 2.75 and a beta of 1.26. ConocoPhillips has a 12-month low of $42.26 and a 12-month high of $60.24.
ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, October 26th. The energy producer reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.08. ConocoPhillips had a negative net margin of 7.32% and a positive return on equity of 0.12%. The firm had revenue of $7.20 billion for the quarter, compared to analyst estimates of $6.55 billion. During the same quarter in the previous year, the business posted ($0.66) earnings per share. equities analysts forecast that ConocoPhillips will post 0.57 EPS for the current year.
Several equities research analysts recently commented on COP shares. JPMorgan Chase & Co. reissued an “overweight” rating on shares of ConocoPhillips in a report on Saturday, September 16th. Goldman Sachs Group raised ConocoPhillips from a “neutral” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Wednesday, December 13th. Credit Suisse Group started coverage on ConocoPhillips in a report on Monday, December 11th. They set a “neutral” rating and a $50.00 target price on the stock. Royal Bank of Canada boosted their target price on ConocoPhillips from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, November 9th. Finally, Howard Weil cut ConocoPhillips from a “focus list” rating to an “outperform” rating and set a $58.00 target price on the stock. in a report on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $55.47.
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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