New Mexico Educational Retirement Board reduced its stake in shares of ConocoPhillips (NYSE:COP) by 1.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 113,156 shares of the energy producer’s stock after selling 1,800 shares during the quarter. New Mexico Educational Retirement Board’s holdings in ConocoPhillips were worth $5,663,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of COP. Financial Management Professionals Inc. lifted its holdings in shares of 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 purchasing an additional 6 shares in the last quarter. Krilogy Financial LLC lifted its holdings in shares of ConocoPhillips by 48.6% during the 2nd quarter. Krilogy Financial LLC now owns 2,392 shares of the energy producer’s stock valued at $105,000 after purchasing an additional 782 shares in the last quarter. Rocky Mountain Advisers LLC lifted its holdings in shares of ConocoPhillips by 140.2% during the 3rd quarter. Rocky Mountain Advisers LLC now owns 2,392 shares of the energy producer’s stock valued at $120,000 after purchasing an additional 1,396 shares in the last quarter. Clear Perspective Advisors LLC lifted its holdings in shares of ConocoPhillips by 75.5% during the 2nd quarter. Clear Perspective Advisors LLC now owns 2,790 shares of the energy producer’s stock valued at $123,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Valeo Financial Advisors LLC bought a new position in shares of ConocoPhillips during the 3rd quarter valued at about $142,000. Institutional investors own 69.73% of the company’s stock.
Several equities analysts have recently weighed in on the company. Credit Suisse Group assumed coverage on ConocoPhillips in a report on Monday, December 11th. They set a “neutral” rating and a $50.00 price objective on the stock. Zacks Investment Research upgraded ConocoPhillips from a “hold” rating to a “strong-buy” rating and set a $66.00 price objective on the stock in a report on Wednesday, January 10th. Barclays reiterated an “overweight” rating and set a $55.00 price objective (up previously from $51.00) on shares of ConocoPhillips in a report on Tuesday, October 10th. Macquarie assumed coverage on ConocoPhillips in a report on Wednesday. They set an “outperform” rating on the stock. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $53.00 price objective on shares of ConocoPhillips in a report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $56.35.
Shares of ConocoPhillips (NYSE:COP) opened at $59.75 on Friday. The company has a market capitalization of $71,432.08, a P/E ratio of 2,987.50, a price-to-earnings-growth ratio of 2.59 and a beta of 1.26. 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 has a 12 month low of $42.26 and a 12 month high of $60.24.
ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, October 26th. The energy producer reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.08. The firm had revenue of $7.20 billion for the quarter, compared to analysts’ expectations 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 posted ($0.66) EPS. equities research analysts expect that ConocoPhillips will post 0.57 earnings per share for the current fiscal year.
In other news, Director Charles E. Bunch bought 2,000 shares of the business’s stock in a transaction on Monday, December 11th. The shares were purchased at an average price of $52.06 per share, for a total transaction of $104,120.00. Following the purchase, the director now owns 3,429 shares of the company’s stock, valued at approximately $178,513.74. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.82% of the company’s stock.
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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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