Rockefeller Financial Services Inc. grew its holdings in shares of ConocoPhillips (NYSE:COP) by 12.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,884,529 shares of the energy producer’s stock after purchasing an additional 210,413 shares during the period. ConocoPhillips makes up approximately 1.6% of Rockefeller Financial Services Inc.’s investment portfolio, making the stock its 19th largest holding. Rockefeller Financial Services Inc. owned 0.16% of ConocoPhillips worth $103,442,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. grew its holdings in ConocoPhillips by 468.8% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,820 shares of the energy producer’s stock worth $100,000 after acquiring an additional 1,500 shares during the period. Krilogy Financial LLC grew its holdings in ConocoPhillips by 48.6% during the second quarter. Krilogy Financial LLC now owns 2,392 shares of the energy producer’s stock worth $105,000 after acquiring an additional 782 shares during the period. Rocky Mountain Advisers LLC grew its holdings in ConocoPhillips by 140.2% during the third quarter. Rocky Mountain Advisers LLC now owns 2,392 shares of the energy producer’s stock worth $120,000 after acquiring an additional 1,396 shares during the period. Clear Perspective Advisors LLC grew its holdings in ConocoPhillips by 75.5% during the second quarter. Clear Perspective Advisors LLC now owns 2,790 shares of the energy producer’s stock worth $123,000 after acquiring an additional 1,200 shares during the period. Finally, TLP Group LLC acquired a new position in ConocoPhillips during the second quarter worth about $142,000. 70.23% of the stock is currently owned by institutional investors.
In other news, Director Charles E. Bunch purchased 2,000 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was bought at an average cost of $52.06 per share, with a total value of $104,120.00. Following the purchase, the director now directly owns 3,429 shares of the company’s stock, valued at $178,513.74. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.82% of the company’s stock.
Shares of ConocoPhillips (NYSE COP) traded down $0.50 during midday trading on Thursday, reaching $53.57. The company’s stock had a trading volume of 4,725,527 shares, compared to its average volume of 6,440,000. ConocoPhillips has a 12-month low of $42.26 and a 12-month high of $61.31. The firm has a market cap of $64,040.00, a price-to-earnings ratio of -39.39, a PEG ratio of 1.61 and a beta of 1.33. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.76 and a quick ratio of 1.64.
ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, February 1st. The energy producer reported $0.45 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.45. ConocoPhillips had a positive return on equity of 2.81% and a negative net margin of 2.04%. The firm had revenue of $8.74 billion during the quarter, compared to analyst estimates of $7.70 billion. During the same period last year, the company posted ($0.26) EPS. equities research analysts forecast that ConocoPhillips will post 2.88 EPS for the current fiscal year.
ConocoPhillips announced that its board has authorized a share buyback program on Wednesday, November 8th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the energy producer to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Shareholders of record on Monday, February 12th were given a dividend of $0.285 per share. The ex-dividend date of this dividend was Friday, February 9th. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.27. This represents a $1.14 dividend on an annualized basis and a yield of 2.13%. ConocoPhillips’s dividend payout ratio (DPR) is presently -83.82%.
A number of research analysts recently issued reports on the company. Zacks Investment Research raised ConocoPhillips from a “hold” rating to a “strong-buy” rating and set a $66.00 target price on the stock in a report on Wednesday, January 10th. Barclays set a $71.00 price target on ConocoPhillips and gave the company a “buy” rating in a research report on Sunday. UBS Group initiated coverage on ConocoPhillips in a research report on Wednesday. They issued a “buy” rating and a $60.00 price target for the company. Royal Bank of Canada set a $61.00 price target on ConocoPhillips and gave the company a “buy” rating in a research report on Wednesday, December 20th. Finally, Cowen set a $70.00 price target on ConocoPhillips and gave the company a “buy” rating in a research report on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $58.75.
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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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