Harbor Advisors LLC maintained its position in shares of ConocoPhillips (NYSE:COP) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,082 shares of the energy producer’s stock at the end of the first quarter. Harbor Advisors LLC’s holdings in ConocoPhillips were worth $353,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the company. Gemmer Asset Management LLC boosted its stake in 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 in the last quarter. Quadrant Capital Group LLC boosted its stake in 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 in the last quarter. Financial Management Professionals Inc. boosted its stake in 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 in the last quarter. Advocacy Wealth Management Services LLC boosted its stake in 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 in the last quarter. Finally, Westside Investment Management Inc. boosted its stake in ConocoPhillips by 468.4% in the first quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer’s stock worth $119,000 after buying an additional 2,000 shares in the last quarter. 68.84% of the stock is currently owned by institutional investors.
ConocoPhillips (COP) traded down 0.47% on Friday, reaching $44.76. The company had a trading volume of 1,431,160 shares. The company’s 50-day moving average price is $44.17 and its 200 day moving average price is $46.53. ConocoPhillips has a 1-year low of $39.00 and a 1-year high of $53.17. The firm’s market capitalization is $54.47 billion.
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 consensus estimate of ($0.02) by $0.16. ConocoPhillips had a negative net margin of 12.29% and a negative return on equity of 2.86%. The company had revenue of $8.88 billion during the quarter, compared to analysts’ expectations of $6.74 billion. During the same quarter in the prior year, the company earned ($0.79) EPS. On average, equities analysts forecast that ConocoPhillips will post $0.25 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors 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 annualized dividend and a yield of 2.36%. ConocoPhillips’s dividend payout ratio is presently -34.98%.
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A number of equities research analysts have commented on COP shares. Cowen and Company reissued a “buy” rating on shares of ConocoPhillips in a report on Friday, April 14th. Guggenheim started coverage on ConocoPhillips in a report on Tuesday, April 18th. They set a “neutral” rating on the stock. Jefferies Group LLC reissued a “hold” rating and set a $55.00 price target on shares of ConocoPhillips in a report on Friday, May 5th. Bank of America Corporation cut ConocoPhillips from a “buy” rating to a “neutral” rating and decreased their price target for the company from $68.00 to $67.00 in a report on Thursday, May 11th. Finally, BidaskClub raised ConocoPhillips from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $55.18.
In related news, VP James D. Mcmorran sold 9,091 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were 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 Securities & Exchange Commission, which is available at this link. 0.82% of the stock is currently owned by corporate 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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