Traders Sell ConocoPhillips (COP) on Strength (COP)

Investors sold shares of ConocoPhillips (NYSE:COP) on strength during trading on Monday. $20.15 million flowed into the stock on the tick-up and $79.20 million flowed out of the stock on the tick-down, for a money net flow of $59.05 million out of the stock. Of all equities tracked, ConocoPhillips had the 0th highest net out-flow for the day. ConocoPhillips traded up $0.05 for the day and closed at $48.91

Several analysts have issued reports on the stock. Royal Bank Of Canada set a $54.00 target price on shares of ConocoPhillips and gave the stock a “buy” rating in a research note on Thursday, August 24th. Citigroup Inc. lowered their price objective on shares of ConocoPhillips from $65.00 to $57.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Jefferies Group LLC set a $59.00 price objective on shares of ConocoPhillips and gave the company a “buy” rating in a research report on Sunday, July 30th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $52.00 price objective on shares of ConocoPhillips in a research report on Thursday, June 22nd. Finally, Bank of America Corporation upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and raised their price objective for the company from $51.00 to $58.00 in a research report on Friday, July 28th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $54.15.

The firm’s market cap is $59.86 billion. The company has a 50-day moving average price of $46.68 and a 200 day moving average price of $46.01.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, July 27th. The energy producer reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.16. The company had revenue of $8.88 billion for the quarter, compared to the consensus estimate of $6.74 billion. ConocoPhillips had a negative net margin of 12.29% and a negative return on equity of 2.86%. During the same quarter in the prior year, the firm earned ($0.79) earnings per share. On average, equities analysts forecast that ConocoPhillips will post $0.28 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, October 16th will be paid a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Friday, October 13th. ConocoPhillips’s payout ratio is -34.98%.

A number of institutional investors have recently added to or reduced their stakes in COP. Financial Management Professionals Inc. raised its stake in ConocoPhillips by 0.3% during the second quarter. Financial Management Professionals Inc. now owns 2,294 shares of the energy producer’s stock valued at $100,000 after purchasing an additional 6 shares in the last quarter. First Command Bank raised its stake in ConocoPhillips by 9.4% during the second quarter. First Command Bank now owns 2,313 shares of the energy producer’s stock valued at $101,000 after purchasing an additional 199 shares in the last quarter. Krilogy Financial LLC raised its stake in ConocoPhillips by 48.6% during the second quarter. Krilogy Financial LLC now owns 2,392 shares of the energy producer’s stock valued at $105,000 after purchasing an additional 782 shares in the last quarter. Westside Investment Management Inc. raised its stake in ConocoPhillips by 468.4% during the first quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer’s stock valued at $119,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Advantage Investment Management LLC raised its stake in ConocoPhillips by 65.3% during the first quarter. Advantage Investment Management LLC now owns 2,425 shares of the energy producer’s stock valued at $121,000 after purchasing an additional 958 shares in the last quarter. 68.90% of the stock is currently owned by institutional investors.

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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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