Capital Advisors Inc. OK Sells 9,710 Shares of ConocoPhillips (COP)

Capital Advisors Inc. OK trimmed its stake in shares of ConocoPhillips (NYSE:COP) by 19.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,267 shares of the energy producer’s stock after selling 9,710 shares during the quarter. Capital Advisors Inc. OK’s holdings in ConocoPhillips were worth $1,814,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of COP. Financial Management Professionals Inc. lifted 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 acquiring an additional 6 shares during the period. First Command Bank lifted its position in ConocoPhillips by 9.4% during the 2nd quarter. First Command Bank now owns 2,313 shares of the energy producer’s stock worth $101,000 after acquiring an additional 199 shares during the period. Westside Investment Management Inc. lifted its position in ConocoPhillips by 468.4% during the 1st quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer’s stock worth $119,000 after acquiring an additional 2,000 shares during the period. Advantage Investment Management LLC lifted its position in ConocoPhillips by 65.3% during the 1st quarter. Advantage Investment Management LLC now owns 2,425 shares of the energy producer’s stock worth $121,000 after acquiring an additional 958 shares during the period. Finally, Reilly Financial Advisors LLC lifted its position in ConocoPhillips by 20.5% during the 2nd quarter. Reilly Financial Advisors LLC now owns 2,758 shares of the energy producer’s stock worth $121,000 after acquiring an additional 470 shares during the period. 68.88% of the stock is owned by institutional investors.

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COP has been the subject of a number of recent research reports. Sanford C. Bernstein cut ConocoPhillips from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $63.00 to $42.00 in a research report on Thursday, July 6th. Wolfe Research cut ConocoPhillips from an “outperform” rating to a “market perform” rating in a research report on Monday, July 17th. Zacks Investment Research cut ConocoPhillips from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Royal Bank Of Canada set a $62.00 price objective on ConocoPhillips and gave the stock a “buy” rating in a research report on Sunday, July 16th. Finally, Cowen and Company set a $55.00 price objective on ConocoPhillips and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $55.20.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, October 26th. The energy producer reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.08. The firm had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $6.55 billion. ConocoPhillips had a positive return on equity of 0.12% and a negative net margin of 7.32%. During the same period in the prior year, the firm posted ($0.66) earnings per share.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 16th will be given a $0.265 dividend. The ex-dividend date is Friday, October 13th. This represents a $1.06 dividend on an annualized basis and a yield of 2.07%. ConocoPhillips’s dividend payout ratio (DPR) is -57.30%.

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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