ConocoPhillips (COP) Shares Sold by Strs Ohio

Strs Ohio trimmed its stake in ConocoPhillips (NYSE:COP) by 1.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 922,649 shares of the energy producer’s stock after selling 11,006 shares during the quarter. Strs Ohio owned approximately 0.08% of ConocoPhillips worth $46,178,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Freestone Capital Holdings LLC boosted its stake in ConocoPhillips by 78.7% in the second quarter. Freestone Capital Holdings LLC now owns 8,047 shares of the energy producer’s stock valued at $354,000 after acquiring an additional 3,543 shares during the last quarter. Point View Wealth Management Inc. lifted its stake in shares of ConocoPhillips by 19.8% during the 2nd quarter. Point View Wealth Management Inc. now owns 32,939 shares of the energy producer’s stock valued at $1,448,000 after buying an additional 5,452 shares in the last quarter. Shell Asset Management Co. lifted its stake in shares of ConocoPhillips by 2.4% during the 2nd quarter. Shell Asset Management Co. now owns 202,066 shares of the energy producer’s stock valued at $8,883,000 after buying an additional 4,647 shares in the last quarter. FMR LLC lifted its stake in shares of ConocoPhillips by 6.9% during the 1st quarter. FMR LLC now owns 61,497,903 shares of the energy producer’s stock valued at $3,066,900,000 after buying an additional 3,982,002 shares in the last quarter. Finally, Citizens Financial Group Inc. RI lifted its stake in shares of ConocoPhillips by 12.5% during the 1st quarter. Citizens Financial Group Inc. RI now owns 210,916 shares of the energy producer’s stock valued at $10,518,000 after buying an additional 23,434 shares in the last quarter. Hedge funds and other institutional investors own 69.87% of the company’s stock.

Shares of ConocoPhillips (COP) opened at $51.57 on Monday. ConocoPhillips has a 52 week low of $42.26 and a 52 week high of $54.22. The company has a quick ratio of 2.23, a current ratio of 2.38 and a debt-to-equity ratio of 0.64. The stock has a market cap of $61,652.76, a P/E ratio of 2,578.50, a price-to-earnings-growth ratio of 12.67 and a beta of 1.26.

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

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, October 16th were paid a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 2.06%. The ex-dividend date was Friday, October 13th. ConocoPhillips’s dividend payout ratio is presently -57.30%.

COP has been the topic of a number of recent research reports. Jefferies Group set a $54.00 price target on shares of ConocoPhillips and gave the company a “buy” rating in a research note on Tuesday, August 29th. Barclays upped their price target on shares of ConocoPhillips from $55.00 to $59.00 and gave the company an “overweight” rating in a research note on Friday, October 27th. Royal Bank Of Canada set a $54.00 price target on shares of ConocoPhillips and gave the company a “buy” rating in a research note on Thursday, August 24th. Zacks Investment Research cut shares of ConocoPhillips from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Finally, Scotiabank restated a “buy” rating and set a $52.00 price target on shares of ConocoPhillips in a research note on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. ConocoPhillips presently has an average rating of “Buy” and a consensus price target of $55.59.

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ConocoPhillips 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.

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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