Broderick Brian C cut its holdings in shares of ConocoPhillips (NYSE:COP) by 30.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,635 shares of the energy producer’s stock after selling 2,950 shares during the period. Broderick Brian C’s holdings in ConocoPhillips were worth $332,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of ConocoPhillips by 1.9% during the second quarter. Vanguard Group Inc. now owns 90,547,596 shares of the energy producer’s stock worth $3,980,473,000 after buying an additional 1,694,618 shares in the last quarter. BlackRock Inc. grew its position in shares of ConocoPhillips by 7.8% during the second quarter. BlackRock Inc. now owns 85,821,694 shares of the energy producer’s stock worth $3,772,723,000 after buying an additional 6,197,896 shares in the last quarter. FMR LLC grew its position in shares of ConocoPhillips by 6.9% during the first quarter. FMR LLC now owns 61,497,903 shares of the energy producer’s stock worth $3,066,900,000 after buying an additional 3,982,002 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of ConocoPhillips by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 15,774,835 shares of the energy producer’s stock worth $693,462,000 after buying an additional 397,339 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in shares of ConocoPhillips by 255.3% during the first quarter. Wellington Management Group LLP now owns 12,803,885 shares of the energy producer’s stock worth $638,530,000 after buying an additional 9,200,014 shares in the last quarter. Institutional investors own 69.87% of the company’s stock.
A number of brokerages have recently commented on COP. Credit Suisse Group began coverage on ConocoPhillips in a research report on Monday. They set a “neutral” rating and a $50.00 price objective for the company. Barclays reaffirmed an “overweight” rating and issued a $55.00 price target (up from $51.00) on shares of ConocoPhillips in a report on Tuesday, October 10th. BidaskClub downgraded ConocoPhillips from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $53.00 price target on shares of ConocoPhillips in a report on Friday, November 3rd. Finally, Goldman Sachs Group raised ConocoPhillips from a “neutral” rating to a “buy” rating and set a $60.00 price target for the company in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. ConocoPhillips currently has a consensus rating of “Buy” and a consensus price target of $55.47.
In other news, Director Charles E. Bunch acquired 2,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was acquired at an average cost of $52.06 per share, with a total value of $104,120.00. Following the completion of the acquisition, the director now owns 3,429 shares of the company’s stock, valued at $178,513.74. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.82% of the stock is currently owned by corporate insiders.
ConocoPhillips (NYSE:COP) traded up $0.63 during mid-day trading on Friday, hitting $52.31. The stock had a trading volume of 6,436,200 shares, compared to its average volume of 7,080,247. The firm has a market capitalization of $61,784.27, a P/E ratio of 2,584.00, a P/E/G ratio of 12.46 and a beta of 1.26. ConocoPhillips has a 1-year low of $42.26 and a 1-year 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 quarterly earnings data 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 business had revenue of $7.20 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the company earned ($0.66) earnings per share. equities research analysts expect that ConocoPhillips will post 0.55 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, October 16th were issued a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 2.03%. The ex-dividend date was Friday, October 13th. ConocoPhillips’s payout ratio is currently -57.30%.
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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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