Tiedemann Wealth Management LLC Has $891,000 Holdings in ConocoPhillips (COP)

Tiedemann Wealth Management LLC grew its position in shares of ConocoPhillips (NYSE:COP) by 5.3% during the 3rd quarter, Holdings Channel reports. The firm owned 68,904 shares of the energy producer’s stock after purchasing an additional 3,475 shares during the quarter. Tiedemann Wealth Management LLC’s holdings in ConocoPhillips were worth $891,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of ConocoPhillips by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 90,547,596 shares of the energy producer’s stock worth $3,980,473,000 after acquiring an additional 1,694,618 shares during the period. BlackRock Inc. lifted its holdings in shares of ConocoPhillips by 7.8% during the 2nd quarter. BlackRock Inc. now owns 85,821,694 shares of the energy producer’s stock worth $3,772,723,000 after acquiring an additional 6,197,896 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of ConocoPhillips by 2.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 15,774,835 shares of the energy producer’s stock worth $693,462,000 after acquiring an additional 397,339 shares during the period. Franklin Resources Inc. lifted its holdings in shares of ConocoPhillips by 21.6% during the 2nd quarter. Franklin Resources Inc. now owns 12,025,415 shares of the energy producer’s stock worth $528,635,000 after acquiring an additional 2,134,292 shares during the period. Finally, First Eagle Investment Management LLC lifted its holdings in shares of ConocoPhillips by 3.0% during the 3rd quarter. First Eagle Investment Management LLC now owns 10,608,598 shares of the energy producer’s stock worth $530,960,000 after acquiring an additional 309,683 shares during the period. 69.63% of the stock is currently owned by institutional investors.

ConocoPhillips (NYSE COP) opened at $57.93 on Wednesday. ConocoPhillips has a 1-year low of $42.26 and a 1-year high of $58.32. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.38 and a quick ratio of 2.23. The company has a market cap of $69,260.00, a P/E ratio of -29.11, a P/E/G ratio of 2.90 and a beta of 1.26.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, October 26th. The energy producer reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.08. ConocoPhillips had a negative net margin of 7.32% and a positive return on equity of 0.12%. The firm had revenue of $7.20 billion for the quarter, compared to analyst estimates of $6.55 billion. During the same quarter last year, the firm posted ($0.66) earnings per share. equities analysts expect that ConocoPhillips will post 0.57 EPS for the current fiscal year.

In other ConocoPhillips news, Director Charles E. Bunch purchased 2,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were purchased at an average price of $52.06 per share, for a total transaction of $104,120.00. Following the completion of the acquisition, the director now owns 3,429 shares of the company’s stock, valued at approximately $178,513.74. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.82% of the company’s stock.

Several research analysts have recently weighed in on the stock. Howard Weil lowered shares of ConocoPhillips from a “focus list” rating to an “outperform” rating and set a $58.00 price objective on the stock. in a report on Friday, December 22nd. Royal Bank of Canada set a $61.00 price objective on shares of ConocoPhillips and gave the stock a “buy” rating in a report on Wednesday, December 20th. Piper Jaffray Companies reiterated a “buy” rating and set a $53.00 price objective on shares of ConocoPhillips in a report on Friday, November 3rd. Zacks Investment Research lowered shares of ConocoPhillips from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Finally, Credit Suisse Group assumed coverage on shares of ConocoPhillips in a report on Monday, December 11th. They set a “neutral” rating and a $50.00 price objective on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $55.41.

WARNING: This article was posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another site, it was illegally copied and reposted in violation of US and international copyright legislation. The correct version of this article can be read at https://www.com-unik.info/2018/01/10/tiedemann-wealth-management-llc-has-891000-holdings-in-conocophillips-cop.html.

ConocoPhillips Company 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.

Want to see what other hedge funds are holding COP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ConocoPhillips (NYSE:COP).

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

What are top analysts saying about ConocoPhillips? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for ConocoPhillips and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit