Heritage Trust Co bought a new stake in ConocoPhillips (NYSE:COP) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 20,782 shares of the energy producer’s stock, valued at approximately $1,036,000.
Several other large investors also recently modified their holdings of COP. Drexel Morgan & Co. bought a new stake in shares of ConocoPhillips during the fourth quarter valued at approximately $207,000. GLG LLC raised its stake in shares of ConocoPhillips by 257.1% in the fourth quarter. GLG LLC now owns 69,167 shares of the energy producer’s stock valued at $3,468,000 after buying an additional 49,797 shares during the last quarter. Caxton Associates LP bought a new stake in shares of ConocoPhillips during the fourth quarter valued at approximately $2,035,000. Tudor Investment Corp Et Al raised its stake in shares of ConocoPhillips by 12.4% in the fourth quarter. Tudor Investment Corp Et Al now owns 25,371 shares of the energy producer’s stock valued at $1,272,000 after buying an additional 2,800 shares during the last quarter. Finally, Seven Eight Capital LP bought a new stake in shares of ConocoPhillips during the fourth quarter valued at approximately $933,000. Institutional investors own 67.74% of the company’s stock.
ConocoPhillips (COP) traded up 1.34% on Friday, hitting $45.26. 10,794,866 shares of the stock were exchanged. The company’s market cap is $55.08 billion. ConocoPhillips has a 52 week low of $38.80 and a 52 week high of $53.17. The company’s 50-day moving average is $44.27 and its 200-day moving average is $46.83.
ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, July 27th. The energy producer reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.16. ConocoPhillips had a negative return on equity of 2.75% and a negative net margin of 12.29%. The firm had revenue of $8.88 billion during the quarter, compared to analyst estimates of $6.74 billion. During the same period last year, the company posted ($0.79) EPS. On average, analysts predict that ConocoPhillips will post $0.03 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, July 24th will be given a dividend of $0.265 per share. The ex-dividend date is Thursday, July 20th. This represents a $1.06 dividend on an annualized basis and a yield of 2.34%. ConocoPhillips’s payout ratio is presently -34.98%.
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Several equities research analysts have commented on COP shares. Instinet restated a “neutral” rating and set a $54.00 target price on shares of ConocoPhillips in a research report on Monday, April 3rd. Scotiabank set a $57.00 target price on shares of ConocoPhillips and gave the stock a “buy” rating in a research report on Thursday, April 6th. Cowen and Company restated a “buy” rating on shares of ConocoPhillips in a research report on Friday, April 14th. Guggenheim started coverage on shares of ConocoPhillips in a research report on Tuesday, April 18th. They set a “neutral” rating on the stock. Finally, Jefferies Group LLC restated a “hold” rating and set a $55.00 target price on shares of ConocoPhillips in a research report on Friday, May 5th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $55.18.
In other news, VP James D. Mcmorran sold 9,091 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $47.47, for a total transaction of $431,549.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.82% of the company’s stock.
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.
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