Harbour Capital Advisors LLC purchased a new stake in ConocoPhillips (NYSE:COP) during the first quarter, according to its most recent filing with the SEC. The firm purchased 2,473 shares of the energy producer’s stock, valued at approximately $123,000.
Several other large investors also recently made changes to their positions in the company. Moloney Securities Asset Management LLC increased its holdings in shares of ConocoPhillips by 0.7% in the 1st quarter. Moloney Securities Asset Management LLC now owns 9,401 shares of the energy producer’s stock valued at $469,000 after acquiring an additional 69 shares during the period. Barber Financial Group Inc. increased its holdings in shares of ConocoPhillips by 1.0% in the 1st quarter. Barber Financial Group Inc. now owns 7,213 shares of the energy producer’s stock valued at $360,000 after acquiring an additional 74 shares during the period. AT Bancorp increased its holdings in shares of ConocoPhillips by 0.7% in the 1st quarter. AT Bancorp now owns 11,091 shares of the energy producer’s stock valued at $553,000 after acquiring an additional 80 shares during the period. Advisor Partners LLC increased its holdings in shares of ConocoPhillips by 0.5% in the 1st quarter. Advisor Partners LLC now owns 16,867 shares of the energy producer’s stock valued at $841,000 after acquiring an additional 82 shares during the period. Finally, Trust Co. of Virginia VA increased its holdings in shares of ConocoPhillips by 1.7% in the 1st quarter. Trust Co. of Virginia VA now owns 4,929 shares of the energy producer’s stock valued at $245,000 after acquiring an additional 84 shares during the period. Institutional investors and hedge funds own 68.99% of the company’s stock.
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COP has been the subject of a number of recent analyst reports. Scotiabank set a $54.00 price objective on ConocoPhillips and gave the stock a “buy” rating in a research report on Saturday, July 1st. BidaskClub raised ConocoPhillips from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Sanford C. Bernstein cut ConocoPhillips from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $63.00 to $42.00 in a research report on Thursday, July 6th. ValuEngine raised ConocoPhillips from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $62.00 price target on shares of ConocoPhillips in a research report on Thursday, June 15th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. ConocoPhillips presently has an average rating of “Buy” and a consensus target price of $54.03.
Shares of ConocoPhillips (COP) traded up 0.13% on Tuesday, hitting $44.99. The stock had a trading volume of 1,834,672 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 $44.22 and its 200 day moving average is $45.69. The stock’s market cap is $54.75 billion.
ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, July 27th. The energy producer reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.16. The firm had revenue of $8.88 billion during the quarter, compared to analysts’ expectations of $6.74 billion. ConocoPhillips had a negative net margin of 12.29% and a negative return on equity of 2.86%. During the same period in the previous year, the company earned ($0.79) EPS. Equities research analysts predict that ConocoPhillips will post $0.26 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, July 24th were paid a $0.265 dividend. The ex-dividend date of this dividend was Thursday, July 20th. This represents a $1.06 annualized dividend and a yield of 2.36%. ConocoPhillips’s payout ratio is currently -34.98%.
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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