Autus Asset Management LLC cut its holdings in ConocoPhillips (NYSE:COP) by 6.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,131 shares of the energy producer’s stock after selling 276 shares during the period. Autus Asset Management LLC’s holdings in ConocoPhillips were worth $276,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Lenox Wealth Advisors LLC bought a new position in ConocoPhillips during the first quarter valued at about $27,000. Smart Portfolios LLC increased its stake in ConocoPhillips by 69.5% during the fourth quarter. Smart Portfolios LLC now owns 478 shares of the energy producer’s stock valued at $30,000 after acquiring an additional 196 shares during the period. Athena Capital Advisors LLC bought a new position in ConocoPhillips during the fourth quarter valued at about $32,000. Clarfeld Financial Advisors LLC bought a new position in ConocoPhillips during the fourth quarter valued at about $32,000. Finally, Ironwood Financial llc increased its stake in ConocoPhillips by 294.1% during the fourth quarter. Ironwood Financial llc now owns 536 shares of the energy producer’s stock valued at $33,000 after acquiring an additional 400 shares during the period. Institutional investors and hedge funds own 73.59% of the company’s stock.
Several equities analysts recently issued reports on COP shares. Barclays restated a “buy” rating and set a $79.00 price target on shares of ConocoPhillips in a research note on Friday, January 11th. Bank of America lowered ConocoPhillips from a “buy” rating to a “neutral” rating and set a $75.00 price target on the stock. in a research note on Friday, January 4th. Goldman Sachs Group upgraded ConocoPhillips from a “neutral” rating to a “buy” rating and boosted their price target for the company from $76.00 to $82.00 in a research note on Sunday, February 3rd. Zacks Investment Research upgraded ConocoPhillips from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 15th. Finally, Morgan Stanley set a $77.00 price objective on ConocoPhillips and gave the company a “buy” rating in a report on Tuesday, January 29th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $79.00.
ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, January 31st. The energy producer reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.08. The company had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.60 billion. ConocoPhillips had a return on equity of 16.91% and a net margin of 16.16%. During the same period in the previous year, the business earned $0.45 earnings per share. On average, sell-side analysts predict that ConocoPhillips will post 3.74 EPS for the current year.
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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. The company primarily engages in the tight oil reservoirs, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.
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