Nicholas Hoffman & Company LLC. Has $1.04 Million Stake in ConocoPhillips (COP)

Nicholas Hoffman & Company LLC. lifted its position in ConocoPhillips (NYSE:COP) by 2.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,573 shares of the energy producer’s stock after buying an additional 555 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in ConocoPhillips were worth $1,036,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Financial Management Professionals Inc. grew its position in ConocoPhillips by 0.3% during 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 last quarter. Wendell David Associates Inc. grew its position in ConocoPhillips by 0.3% during the 2nd quarter. Wendell David Associates Inc. now owns 7,561 shares of the energy producer’s stock worth $332,000 after purchasing an additional 26 shares during the last quarter. Sheets Smith Wealth Management grew its position in ConocoPhillips by 0.3% during the 2nd quarter. Sheets Smith Wealth Management now owns 13,694 shares of the energy producer’s stock worth $602,000 after purchasing an additional 37 shares during the last quarter. Cornerstone Advisors Inc. grew its position in ConocoPhillips by 1.0% during the 2nd quarter. Cornerstone Advisors Inc. now owns 3,755 shares of the energy producer’s stock worth $165,000 after purchasing an additional 37 shares during the last quarter. Finally, Genesee Valley Trust Co. grew its position in ConocoPhillips by 0.6% during the 2nd quarter. Genesee Valley Trust Co. now owns 7,095 shares of the energy producer’s stock worth $312,000 after purchasing an additional 45 shares during the last quarter. 69.83% of the stock is currently owned by hedge funds and other institutional investors.

ConocoPhillips (COP) opened at $50.01 on Wednesday. The company has a current ratio of 2.38, a quick ratio of 2.23 and a debt-to-equity ratio of 0.64. The firm has a market cap of $59,871.44, a price-to-earnings ratio of 2,504.00, a price-to-earnings-growth ratio of 12.31 and a beta of 1.28. ConocoPhillips has a 12-month low of $42.26 and a 12-month high of $54.22.

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, topping the Zacks’ consensus estimate of $0.08 by $0.08. The company had revenue of $7.20 billion during 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 business posted ($0.66) earnings per share. equities analysts predict that ConocoPhillips will post 0.54 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 16th will be given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Friday, October 13th. ConocoPhillips’s dividend payout ratio is presently -57.30%.

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COP has been the topic of several research analyst reports. BidaskClub raised shares of ConocoPhillips from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Royal Bank Of Canada boosted their target price on shares of ConocoPhillips from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, November 9th. Morgan Stanley boosted their target price on shares of ConocoPhillips from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 18th. Barclays PLC boosted their target price on shares of ConocoPhillips from $55.00 to $59.00 and gave the stock an “overweight” rating in a research report on Friday, October 27th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $52.00 target price on shares of ConocoPhillips in a research report on Thursday, October 19th. 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 given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $55.37.

ConocoPhillips 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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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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