Peoples Financial Services CORP. cut its stake in ConocoPhillips (NYSE:COP) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,955 shares of the energy producer’s stock after selling 100 shares during the period. Peoples Financial Services CORP.’s holdings in ConocoPhillips were worth $614,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. First Command Bank raised its stake in ConocoPhillips by 9.4% in the second quarter. First Command Bank now owns 2,313 shares of the energy producer’s stock valued at $101,000 after buying an additional 199 shares during the period. Gemmer Asset Management LLC raised its position in shares of ConocoPhillips by 0.4% in the first quarter. Gemmer Asset Management LLC now owns 2,167 shares of the energy producer’s stock worth $108,000 after buying an additional 8 shares during the period. Quadrant Capital Group LLC raised its position in shares of ConocoPhillips by 30.9% in the first quarter. Quadrant Capital Group LLC now owns 2,413 shares of the energy producer’s stock worth $109,000 after buying an additional 569 shares during the period. Financial Management Professionals Inc. raised its position in shares of ConocoPhillips by 0.3% in the first quarter. Financial Management Professionals Inc. now owns 2,288 shares of the energy producer’s stock worth $114,000 after buying an additional 6 shares during the period. Finally, Advocacy Wealth Management Services LLC raised its position in shares of ConocoPhillips by 4.5% in the first quarter. Advocacy Wealth Management Services LLC now owns 2,329 shares of the energy producer’s stock worth $116,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 68.84% of the company’s stock.
Shares of ConocoPhillips (COP) traded down 0.40% during trading on Friday, hitting $44.79. The stock had a trading volume of 4,206,885 shares. The stock’s market capitalization is $54.51 billion. ConocoPhillips has a one year low of $39.00 and a one year high of $53.17. The stock has a 50 day moving average price of $44.17 and a 200-day moving average price of $46.50.
ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, July 27th. The energy producer reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 firm had revenue of $8.88 billion for the quarter, compared to analysts’ expectations of $6.74 billion. During the same period last year, the firm earned ($0.79) earnings per share. On average, equities research analysts predict that ConocoPhillips will post $0.25 earnings per share for the current year.
The business 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 dividend of $0.265 per share. The ex-dividend date is Thursday, July 20th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.37%. ConocoPhillips’s dividend payout ratio (DPR) is currently -34.98%.
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A number of research analysts have recently commented on COP shares. Scotiabank set a $54.00 price target on ConocoPhillips and gave the stock a “buy” rating in a report on Saturday, July 1st. Royal Bank Of Canada reiterated a “buy” rating and set a $62.00 price target on shares of ConocoPhillips in a report on Thursday, June 15th. Cowen and Company reiterated a “buy” rating on shares of ConocoPhillips in a report on Friday, April 14th. Jefferies Group LLC upgraded ConocoPhillips from a “hold” rating to a “buy” rating and upped their price target for the stock from $55.00 to $59.00 in a report on Wednesday, May 17th. Finally, Citigroup Inc. lowered their price objective on ConocoPhillips from $65.00 to $57.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $55.18.
In other news, VP James D. Mcmorran sold 9,091 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $47.47, for a total transaction of $431,549.77. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.82% of the stock is currently owned by company insiders.
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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