Intl Fcstone Inc. Purchases Shares of 16,404 ConocoPhillips (COP)

Intl Fcstone Inc. purchased a new position in shares of ConocoPhillips (NYSE:COP) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 16,404 shares of the energy producer’s stock, valued at approximately $721,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in COP. Financial Management Professionals Inc. lifted its holdings in shares of ConocoPhillips by 0.3% in the 2nd 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 during the last quarter. First Command Bank lifted its holdings in shares of ConocoPhillips by 9.4% in the 2nd 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 during the last quarter. Krilogy Financial LLC lifted its holdings in shares of ConocoPhillips by 48.6% in the 2nd 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 during the last quarter. Westside Investment Management Inc. increased its position in ConocoPhillips by 468.4% in the 1st quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer’s stock valued at $119,000 after acquiring an additional 2,000 shares during the period. Finally, Massey Quick & Co. LLC acquired a new position in ConocoPhillips in the 1st quarter valued at about $123,000. 69.87% of the stock is owned by institutional investors.

Shares of ConocoPhillips (NYSE COP) opened at $51.23 on Wednesday. The firm has a market capitalization of $61,318.02, a P/E ratio of 2,564.50, a P/E/G ratio of 12.60 and a beta of 1.26. The company has a quick ratio of 2.23, a current ratio of 2.38 and a debt-to-equity ratio of 0.64. ConocoPhillips has a fifty-two week low of $42.26 and a fifty-two week high of $54.22.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, October 26th. The energy producer reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.08. The business had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $6.55 billion. ConocoPhillips had a positive return on equity of 0.12% and a negative net margin of 7.32%. During the same quarter in the prior year, the firm posted ($0.66) EPS. analysts expect that ConocoPhillips will post 0.54 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, October 16th were issued a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Friday, October 13th. ConocoPhillips’s dividend payout ratio is currently -57.30%.

Several equities analysts recently issued reports on the company. Royal Bank Of Canada boosted their price target on ConocoPhillips from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, November 9th. Piper Jaffray Companies restated a “buy” rating and issued a $53.00 price target on shares of ConocoPhillips in a research report on Friday, November 3rd. Scotiabank restated a “buy” rating and issued a $53.00 price target on shares of ConocoPhillips in a research report on Wednesday, November 1st. Barclays boosted their price target on ConocoPhillips from $55.00 to $59.00 and gave the company an “overweight” rating in a research report on Friday, October 27th. Finally, Wells Fargo & Company boosted their price target on ConocoPhillips from $57.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $55.59.

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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.

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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