San Francisco Sentry Investment Group CA Raises Position in ConocoPhillips (COP)
San Francisco Sentry Investment Group CA raised its stake in shares of ConocoPhillips (NYSE:COP) by 16.3% during the second quarter, Holdings Channel reports. The firm owned 25,086 shares of the company’s stock after buying an additional 3,516 shares during the period. San Francisco Sentry Investment Group CA’s holdings in ConocoPhillips were worth $1,094,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Pioneer Investment Management Inc. raised its position in ConocoPhillips by 1.1% in the fourth quarter. Pioneer Investment Management Inc. now owns 55,375 shares of the company’s stock worth $2,585,000 after buying an additional 576 shares during the last quarter. Creative Planning raised its position in ConocoPhillips by 14.1% in the first quarter. Creative Planning now owns 176,933 shares of the company’s stock worth $7,125,000 after buying an additional 21,864 shares during the last quarter. Marshwinds Advisory Co. raised its position in ConocoPhillips by 0.6% in the first quarter. Marshwinds Advisory Co. now owns 57,515 shares of the company’s stock worth $2,316,000 after buying an additional 354 shares during the last quarter. Charter Trust Co. raised its position in ConocoPhillips by 1.4% in the first quarter. Charter Trust Co. now owns 45,230 shares of the company’s stock worth $1,821,000 after buying an additional 635 shares during the last quarter. Finally, CENTRAL TRUST Co purchased a new position in ConocoPhillips during the first quarter worth about $4,664,000. 63.70% of the stock is owned by institutional investors and hedge funds.
ConocoPhillips (NYSE:COP) traded up 1.95% during mid-day trading on Wednesday, reaching $39.77. 3,124,656 shares of the company’s stock traded hands. ConocoPhillips has a 1-year low of $31.05 and a 1-year high of $57.24. The stock’s market cap is $49.26 billion. The firm has a 50-day moving average price of $41.51 and a 200-day moving average price of $42.62.
ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, July 28th. The company reported ($0.79) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by $0.18. The business earned $5.58 billion during the quarter, compared to the consensus estimate of $5.38 billion. ConocoPhillips had a negative net margin of 28.40% and a negative return on equity of 9.26%. The firm’s revenue for the quarter was down 35.6% compared to the same quarter last year. During the same period last year, the business posted $0.07 EPS. Equities research analysts anticipate that ConocoPhillips will post ($2.48) EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Monday, July 25th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend was Thursday, July 21st. ConocoPhillips’s dividend payout ratio (DPR) is presently -17.57%.
COP has been the subject of a number of analyst reports. Bank of America Corp. reissued a “buy” rating and set a $71.00 target price on shares of ConocoPhillips in a research note on Friday, June 3rd. Deutsche Bank AG reissued a “buy” rating and set a $62.00 target price on shares of ConocoPhillips in a research note on Thursday, June 16th. Jefferies Group reaffirmed a “sell” rating on shares of ConocoPhillips in a research note on Thursday, June 30th. JPMorgan Chase & Co. raised shares of ConocoPhillips from an “underweight” rating to a “neutral” rating and set a $44.00 price target for the company in a research note on Monday, July 11th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of ConocoPhillips from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research note on Wednesday, July 13th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $48.63.
In other news, VP Ellen Desanctis purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 11th. The shares were acquired at an average cost of $40.50 per share, for a total transaction of $202,500.00. Following the transaction, the vice president now directly owns 22,010 shares of the company’s stock, valued at approximately $891,405. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Arjun N. Murti purchased 6,500 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was purchased at an average price of $39.72 per share, for a total transaction of $258,180.00. Following the completion of the transaction, the director now directly owns 19,000 shares in the company, valued at $754,680. The disclosure for this purchase can be found here. 0.07% of the stock is currently owned by insiders.
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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