BLB&B Advisors LLC Has $873,000 Position in ConocoPhillips (COP)
BLB&B Advisors LLC maintained its stake in shares of ConocoPhillips (NYSE:COP) during the second quarter, according to its most recent filing with the SEC. The fund owned 17,507 shares of the energy producer’s stock at the end of the second quarter. BLB&B Advisors LLC’s holdings in ConocoPhillips were worth $873,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Patten & Patten Inc. TN increased its stake in shares of ConocoPhillips by 4.6% in the second quarter. Patten & Patten Inc. TN now owns 59,322 shares of the energy producer’s stock valued at $2,608,000 after buying an additional 2,607 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of ConocoPhillips during the first quarter valued at approximately $193,000. First Foundation Advisors purchased a new stake in shares of ConocoPhillips during the first quarter valued at approximately $497,000. Capital Investment Advisors LLC increased its stake in shares of ConocoPhillips by 10.3% in the first quarter. Capital Investment Advisors LLC now owns 26,482 shares of the energy producer’s stock valued at $1,321,000 after buying an additional 2,477 shares in the last quarter. Finally, Shell Asset Management Co. increased its stake in shares of ConocoPhillips by 1.0% in the first quarter. Shell Asset Management Co. now owns 197,419 shares of the energy producer’s stock valued at $9,845,000 after buying an additional 1,887 shares in the last quarter. Institutional investors own 68.84% of the company’s stock.
Shares of ConocoPhillips (NYSE COP) traded down 1.0854% during mid-day trading on Thursday, hitting $45.1545. The stock had a trading volume of 2,415,845 shares. The stock’s 50-day moving average is $44.17 and its 200-day moving average is $46.54. ConocoPhillips has a 1-year low of $39.00 and a 1-year high of $53.17. The firm’s market capitalization is $54.95 billion.
ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, July 27th. The energy producer reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.16. The company had revenue of $8.88 billion for the quarter, compared to analyst estimates of $6.74 billion. ConocoPhillips had a negative return on equity of 2.86% and a negative net margin of 12.29%. During the same period in the previous year, the firm earned ($0.79) earnings per share. Equities analysts expect that ConocoPhillips will post $0.25 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, July 24th will be paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Thursday, July 20th. ConocoPhillips’s dividend payout ratio is currently -34.98%.
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COP has been the topic of several recent analyst reports. Royal Bank Of Canada set a $62.00 target price on shares of ConocoPhillips and gave the company a “buy” rating in a research note on Sunday, July 16th. Zacks Investment Research downgraded shares of ConocoPhillips from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. BidaskClub upgraded shares of ConocoPhillips from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Jefferies Group LLC restated a “hold” rating and issued a $55.00 target price on shares of ConocoPhillips in a research note on Friday, May 5th. Finally, Scotiabank set a $54.00 target price on shares of ConocoPhillips and gave the company a “buy” rating in a research note on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, ten have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $55.18.
In related news, VP James D. Mcmorran sold 9,091 shares of ConocoPhillips stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $47.47, for a total value of $431,549.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.82% of the stock is owned by insiders.
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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