ConocoPhillips (COP) Shares Sold by Carroll Financial Associates Inc.
Carroll Financial Associates Inc. lowered its position in shares of ConocoPhillips (NYSE:COP) by 9.2% during the third quarter, Holdings Channel reports. The firm owned 31,907 shares of the company’s stock after selling 3,217 shares during the period. Carroll Financial Associates Inc.’s holdings in ConocoPhillips were worth $1,387,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in COP. Nisa Investment Advisors LLC raised its stake in shares of ConocoPhillips by 1.7% in the second quarter. Nisa Investment Advisors LLC now owns 457,168 shares of the company’s stock worth $19,933,000 after buying an additional 7,636 shares during the period. Guinness Asset Management Ltd bought a new stake in shares of ConocoPhillips during the second quarter worth about $10,726,000. Strs Ohio raised its stake in shares of ConocoPhillips by 1.1% in the second quarter. Strs Ohio now owns 1,004,958 shares of the company’s stock worth $43,816,000 after buying an additional 10,603 shares during the period. Alps Advisors Inc. raised its stake in shares of ConocoPhillips by 9.6% in the second quarter. Alps Advisors Inc. now owns 591,017 shares of the company’s stock worth $25,768,000 after buying an additional 51,946 shares during the period. Finally, Flossbach Von Storch AG raised its stake in shares of ConocoPhillips by 0.6% in the second quarter. Flossbach Von Storch AG now owns 265,000 shares of the company’s stock worth $11,554,000 after buying an additional 1,700 shares during the period. 63.51% of the stock is owned by institutional investors and hedge funds.
ConocoPhillips (NYSE:COP) traded down 2.79% during midday trading on Tuesday, hitting $44.23. The company had a trading volume of 9,376,679 shares. ConocoPhillips has a 12 month low of $31.05 and a 12 month high of $54.57. The company’s market cap is $54.80 billion. The firm has a 50-day moving average price of $43.63 and a 200-day moving average price of $42.81.
ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, October 27th. The company reported ($0.66) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.69) by $0.03. ConocoPhillips had a negative net margin of 29.45% and a negative return on equity of 10.68%. During the same period last year, the business posted ($0.38) earnings per share. Equities analysts anticipate that ConocoPhillips will post ($2.83) EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, October 17th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Thursday, October 13th. ConocoPhillips’s dividend payout ratio is -17.67%.
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A number of research analysts have recently commented on the company. Clsa Americas downgraded ConocoPhillips from an “outperform” rating to an “underperform” rating in a research report on Monday, November 14th. CLSA downgraded ConocoPhillips from an “outperform” rating to an “underperform” rating in a research report on Tuesday, November 15th. Vetr downgraded ConocoPhillips from a “hold” rating to a “sell” rating and set a $40.39 target price for the company. in a research report on Thursday, September 8th. Jefferies Group upgraded ConocoPhillips from an “underperform” rating to a “hold” rating and increased their target price for the company from $30.00 to $40.00 in a research report on Wednesday, September 7th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada increased their target price on ConocoPhillips from $52.00 to $53.00 and gave the company an “outperform” rating in a research report on Monday, October 31st. Five investment analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $51.73.
ConocoPhillips Company Profile
ConocoPhillips (ConocoPhillips) is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas and liquefied natural gas (LNG). The Company operates through six operating segments, which are primarily defined by geographic region: Alaska; Lower 48; Canada; Europe and North Africa; Asia Pacific and Middle East, and Other International.
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