GHP Investment Advisors Inc. boosted its position in ConocoPhillips (NYSE:COP) by 0.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,326 shares of the energy producer’s stock after buying an additional 12 shares during the period. GHP Investment Advisors Inc.’s holdings in ConocoPhillips were worth $964,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in COP. Sowell Financial Services LLC purchased a new stake in shares of ConocoPhillips during the fourth quarter worth about $1,219,000. State of Alaska Department of Revenue purchased a new stake in shares of ConocoPhillips during the first quarter worth about $193,000. First Foundation Advisors purchased a new stake in shares of ConocoPhillips during the first quarter worth about $497,000. IFM Investors Pty Ltd purchased a new stake in shares of ConocoPhillips during the fourth quarter worth about $791,000. Finally, Cigna Investments Inc. New purchased a new stake in shares of ConocoPhillips during the fourth quarter worth about $2,286,000. 68.68% of the stock is currently owned by hedge funds and other institutional investors.
ConocoPhillips (NYSE:COP) traded up 0.26% during midday trading on Friday, hitting $43.11. The company’s stock had a trading volume of 7,310,360 shares. ConocoPhillips has a one year low of $39.00 and a one year high of $53.17. The company’s 50-day moving average is $44.10 and its 200 day moving average is $46.28. The company’s market cap is $52.46 billion.
ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, July 27th. The energy producer reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.16. ConocoPhillips had a negative return on equity of 2.86% and a negative net margin of 12.29%. The company had revenue of $8.88 billion during the quarter, compared to analysts’ expectations of $6.74 billion. During the same period last year, the business posted ($0.79) earnings per share. On average, analysts predict that ConocoPhillips will post $0.24 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, July 24th will be paid a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 2.46%. The ex-dividend date is Thursday, July 20th. ConocoPhillips’s payout ratio is -34.98%.
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A number of equities research analysts have recently issued reports on COP shares. Royal Bank Of Canada set a $62.00 price target on shares of ConocoPhillips and gave the stock a “buy” rating in a report on Sunday, July 16th. Zacks Investment Research downgraded shares of ConocoPhillips from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. BidaskClub raised shares of ConocoPhillips from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $55.00 target price on shares of ConocoPhillips in a research note on Friday, May 5th. Finally, Scotiabank set a $54.00 price target on shares of ConocoPhillips and gave the company a “buy” rating in a research report on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. ConocoPhillips presently has a consensus rating of “Buy” and a consensus price target of $55.18.
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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