Dimensional Fund Advisors LP lowered its position in ConocoPhillips (NYSE:COP) by 1.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,528,899 shares of the energy producer’s stock after selling 147,713 shares during the period. Dimensional Fund Advisors LP owned about 0.70% of ConocoPhillips worth $374,943,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in COP. Financial Management Professionals Inc. boosted its stake in ConocoPhillips by 0.3% in the 2nd quarter. Financial Management Professionals Inc. now owns 2,294 shares of the energy producer’s stock worth $100,000 after purchasing an additional 6 shares during the period. First Command Bank boosted its stake in ConocoPhillips by 9.4% in the 2nd quarter. First Command Bank now owns 2,313 shares of the energy producer’s stock worth $101,000 after purchasing an additional 199 shares during the period. Westside Investment Management Inc. boosted its stake in ConocoPhillips by 468.4% in the 1st quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer’s stock worth $119,000 after purchasing an additional 2,000 shares during the period. Reilly Financial Advisors LLC boosted its stake in 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 during the period. Finally, Massey Quick & Co. LLC acquired a new position in ConocoPhillips in the 1st quarter worth $123,000. Institutional investors and hedge funds own 69.83% of the company’s stock.
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A number of brokerages recently weighed in on COP. Royal Bank Of Canada upped their target price on shares of ConocoPhillips from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, November 9th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $53.00 target price on shares of ConocoPhillips in a research note on Friday, November 3rd. Scotiabank reaffirmed a “buy” rating and issued a $53.00 target price on shares of ConocoPhillips in a research note on Wednesday, November 1st. Barclays PLC upped their target price on shares of ConocoPhillips from $55.00 to $59.00 and gave the stock an “overweight” rating in a research note on Friday, October 27th. Finally, Wells Fargo & Company upped their target price on shares of ConocoPhillips from $57.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. ConocoPhillips has a consensus rating of “Buy” and an average price target of $55.37.
ConocoPhillips (COP) opened at $50.08 on Tuesday. The firm has a market cap of $59,930.00, a PE ratio of 2,506.50, a price-to-earnings-growth ratio of 12.32 and a beta of 1.28. The company has a quick ratio of 2.23, a current ratio of 2.38 and a debt-to-equity ratio of 0.64. ConocoPhillips has a fifty-two week low of $42.26 and a fifty-two week high of $54.22.
ConocoPhillips (NYSE:COP) last released its quarterly earnings results 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 firm had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $6.55 billion. ConocoPhillips had a negative net margin of 7.32% and a positive return on equity of 0.12%. During the same period in the prior year, the firm earned ($0.66) EPS. equities research analysts anticipate that ConocoPhillips will post 0.54 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 16th will be issued a $0.265 dividend. The ex-dividend date of this dividend is Friday, October 13th. This represents a $1.06 annualized dividend and a yield of 2.12%. ConocoPhillips’s dividend payout ratio is currently -53.27%.
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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