Kemper Corp Master Retirement Trust lessened its holdings in ConocoPhillips (NYSE:COP) by 30.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,200 shares of the energy producer’s stock after selling 5,000 shares during the period. Kemper Corp Master Retirement Trust’s holdings in ConocoPhillips were worth $867,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of COP. Rand Wealth LLC grew its holdings in shares of ConocoPhillips by 44.8% during the 3rd quarter. Rand Wealth LLC now owns 20,057 shares of the energy producer’s stock worth $1,552,000 after purchasing an additional 6,202 shares in the last quarter. Riverhead Capital Management LLC grew its holdings in shares of ConocoPhillips by 82.4% during the 3rd quarter. Riverhead Capital Management LLC now owns 204,394 shares of the energy producer’s stock worth $15,820,000 after purchasing an additional 92,306 shares in the last quarter. Cpwm LLC acquired a new stake in shares of ConocoPhillips during the 3rd quarter worth $222,000. OppenheimerFunds Inc. grew its holdings in shares of ConocoPhillips by 18.8% during the 3rd quarter. OppenheimerFunds Inc. now owns 2,029,517 shares of the energy producer’s stock worth $157,084,000 after purchasing an additional 321,034 shares in the last quarter. Finally, Concentric Wealth Management LLC acquired a new stake in shares of ConocoPhillips during the 3rd quarter worth $217,000. Institutional investors and hedge funds own 71.89% of the company’s stock.
Several analysts have recently issued reports on the company. Zacks Investment Research lowered ConocoPhillips from a “buy” rating to a “hold” rating in a report on Thursday, November 22nd. Piper Jaffray Companies reissued a “hold” rating and set a $66.00 target price on shares of ConocoPhillips in a report on Monday, November 19th. BMO Capital Markets set a $78.00 target price on ConocoPhillips and gave the stock a “buy” rating in a report on Monday, November 12th. Morgan Stanley lowered ConocoPhillips to a “hold” rating in a report on Tuesday, October 2nd. Finally, Goldman Sachs Group lowered ConocoPhillips from a “buy” rating to a “neutral” rating in a report on Monday, October 1st. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $75.37.
ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, October 25th. The energy producer reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.19. The business had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.48 billion. ConocoPhillips had a return on equity of 14.62% and a net margin of 16.08%. Equities analysts predict that ConocoPhillips will post 4.75 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Monday, October 15th were paid a $0.305 dividend. The ex-dividend date of this dividend was Friday, October 12th. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.29. This represents a $1.22 annualized dividend and a yield of 1.77%. ConocoPhillips’s dividend payout ratio (DPR) is 203.33%.
In related news, VP Glenda Mae Schwarz sold 18,882 shares of the firm’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $71.15, for a total value of $1,343,454.30. Following the sale, the vice president now directly owns 29,064 shares of the company’s stock, valued at $2,067,903.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.88% of the company’s stock.
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ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. Its portfolio includes North American tight oil and oil sands assets in Canada; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; and an inventory of conventional and unconventional exploration prospects.
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