RFG Advisory Group LLC purchased a new position in shares of ConocoPhillips (NYSE:COP) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 7,650 shares of the energy producer’s stock, valued at approximately $334,000.
Several other institutional investors have also bought and sold shares of the company. Waldron LP grew its position in shares of ConocoPhillips by 44.5% in the 1st quarter. Waldron LP now owns 7,072 shares of the energy producer’s stock valued at $350,000 after buying an additional 2,178 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in shares of ConocoPhillips by 39.0% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 88,976 shares of the energy producer’s stock valued at $4,437,000 after buying an additional 24,976 shares during the last quarter. TIAA CREF Trust Co. FSB MO grew its position in shares of ConocoPhillips by 7.1% in the 1st quarter. TIAA CREF Trust Co. FSB MO now owns 78,697 shares of the energy producer’s stock valued at $3,924,000 after buying an additional 5,191 shares during the last quarter. Henderson Group PLC grew its position in shares of ConocoPhillips by 2.6% in the 1st quarter. Henderson Group PLC now owns 68,191 shares of the energy producer’s stock valued at $3,400,000 after buying an additional 1,700 shares during the last quarter. Finally, HPM Partners LLC bought a new stake in shares of ConocoPhillips in the 1st quarter valued at about $782,000. 68.85% of the stock is owned by institutional investors.
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ConocoPhillips (NYSE:COP) opened at 50.25 on Friday. The stock has a 50 day moving average price of $48.15 and a 200-day moving average price of $46.16. The company’s market capitalization is $61.15 billion. ConocoPhillips has a 12-month low of $41.13 and a 12-month high of $53.17.
ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, July 27th. The energy producer reported $0.14 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.16. The firm had revenue of $8.88 billion during the quarter, compared to analyst estimates of $6.74 billion. ConocoPhillips had a negative return on equity of 2.86% and a negative net margin of 12.29%. During the same period in the prior year, the business posted ($0.79) EPS. Equities analysts predict that ConocoPhillips will post $0.31 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, October 16th will be issued a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 2.11%. The ex-dividend date is Friday, October 13th. ConocoPhillips’s dividend payout ratio is currently -34.98%.
COP has been the topic of a number of analyst reports. Scotiabank set a $54.00 price target on ConocoPhillips and gave the company a “buy” rating in a research report on Saturday, July 1st. BidaskClub upgraded ConocoPhillips from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Sanford C. Bernstein lowered ConocoPhillips from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $63.00 to $42.00 in a research report on Thursday, July 6th. ValuEngine upgraded ConocoPhillips from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Morgan Stanley upped their price target on ConocoPhillips from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $54.20.
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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