23,415 Shares in ConocoPhillips (COP) Purchased by Gs Investments Inc.

Gs Investments Inc. acquired a new position in ConocoPhillips (NYSE:COP) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 23,415 shares of the energy producer’s stock, valued at approximately $1,029,000.

Other large investors have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. increased its position in shares of ConocoPhillips by 0.3% during the 2nd quarter. Financial Management Professionals Inc. now owns 2,294 shares of the energy producer’s stock valued at $100,000 after purchasing an additional 6 shares during the last quarter. First Command Bank increased its position in shares of ConocoPhillips by 9.4% during the 2nd quarter. First Command Bank now owns 2,313 shares of the energy producer’s stock valued at $101,000 after purchasing an additional 199 shares during the last quarter. Krilogy Financial LLC increased its position in shares of ConocoPhillips by 48.6% during the 2nd quarter. Krilogy Financial LLC now owns 2,392 shares of the energy producer’s stock valued at $105,000 after purchasing an additional 782 shares during the last quarter. Westside Investment Management Inc. increased its position in shares of ConocoPhillips by 468.4% during the 1st quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer’s stock valued at $119,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Massey Quick & Co. LLC bought a new position in ConocoPhillips in the 1st quarter valued at $123,000. 69.87% of the stock is currently owned by institutional investors and hedge funds.

COP has been the topic of several research analyst reports. BidaskClub raised ConocoPhillips from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Royal Bank Of Canada set a $54.00 price objective on ConocoPhillips and gave the company a “buy” rating in a research report on Thursday, August 24th. Piper Jaffray Companies set a $45.00 price objective on ConocoPhillips and gave the company a “buy” rating in a research report on Friday, August 25th. Jefferies Group set a $54.00 price objective on ConocoPhillips and gave the company a “buy” rating in a research report on Tuesday, August 29th. Finally, Scotiabank reaffirmed a “buy” rating and issued a $52.00 price objective on shares of ConocoPhillips in a research report on Friday, September 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $55.59.

Shares of ConocoPhillips (NYSE COP) opened at $51.23 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.23 and a current ratio of 2.38. The firm has a market capitalization of $61,318.02, a price-to-earnings ratio of 2,564.50, a P/E/G ratio of 12.60 and a beta of 1.26. ConocoPhillips has a 12 month low of $42.26 and a 12 month high of $54.22.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data 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 analysts’ expectations 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 business posted ($0.66) EPS. analysts anticipate that ConocoPhillips will post 0.54 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, October 16th were given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 2.07%. The ex-dividend date was Friday, October 13th. ConocoPhillips’s dividend payout ratio is currently -57.30%.

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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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