Seaward Management Limited Partnership raised its stake in ConocoPhillips (NYSE:COP) by 0.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 74,664 shares of the energy producer’s stock after buying an additional 30 shares during the period. Seaward Management Limited Partnership’s holdings in ConocoPhillips were worth $3,723,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new position in ConocoPhillips during the first quarter valued at about $193,000. First Foundation Advisors acquired a new position in ConocoPhillips during the first quarter valued at about $497,000. Capital Investment Advisors LLC boosted its position in ConocoPhillips by 10.3% in the first quarter. Capital Investment Advisors LLC now owns 26,482 shares of the energy producer’s stock valued at $1,321,000 after buying an additional 2,477 shares during the last quarter. Shell Asset Management Co. boosted its position in ConocoPhillips by 1.0% in the first quarter. Shell Asset Management Co. now owns 197,419 shares of the energy producer’s stock valued at $9,845,000 after buying an additional 1,887 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in ConocoPhillips by 21.2% in the first quarter. UBS Asset Management Americas Inc. now owns 4,174,799 shares of the energy producer’s stock valued at $208,197,000 after buying an additional 730,325 shares during the last quarter. Institutional investors own 68.68% of the company’s stock.
Shares of ConocoPhillips (NYSE COP) traded down 0.32% on Thursday, hitting $43.55. The company’s stock had a trading volume of 1,360,651 shares. ConocoPhillips has a 52 week low of $39.00 and a 52 week high of $53.17. The company’s market cap is $53.00 billion. The stock’s 50 day moving average is $44.16 and its 200-day moving average is $46.34.
ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, July 27th. The energy producer reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.16. ConocoPhillips had a negative net margin of 12.29% and a negative return on equity of 2.86%. The firm had revenue of $8.88 billion for the quarter, compared to analysts’ expectations of $6.74 billion. During the same period in the previous year, the company posted ($0.79) EPS. On average, equities research analysts anticipate that ConocoPhillips will post $0.26 earnings per share for the current year.
The company 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. This represents a $1.06 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Thursday, July 20th. ConocoPhillips’s payout ratio is -34.98%.
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Several equities analysts have issued reports on COP shares. Royal Bank Of Canada set a $62.00 target price on ConocoPhillips and gave the stock a “buy” rating in a research report on Sunday, July 16th. Zacks Investment Research cut ConocoPhillips from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. BidaskClub upgraded ConocoPhillips from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Jefferies Group LLC restated a “hold” rating and issued a $55.00 price target on shares of ConocoPhillips in a report on Friday, May 5th. Finally, Scotiabank set a $54.00 price target on ConocoPhillips and gave the stock a “buy” rating in a report on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $55.18.
In other ConocoPhillips news, VP James D. Mcmorran sold 9,091 shares of ConocoPhillips stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $47.47, for a total transaction of $431,549.77. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.82% of the company’s stock.
About ConocoPhillips
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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