ConocoPhillips (COP) Position Decreased by Osborn Williams & Donohoe LLC
Osborn Williams & Donohoe LLC decreased its stake in shares of ConocoPhillips (NYSE:COP) by 18.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,193 shares of the energy producer’s stock after selling 2,109 shares during the period. Osborn Williams & Donohoe LLC’s holdings in ConocoPhillips were worth $404,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the stock. First National Bank of Mount Dora Trust Investment Services increased its stake in shares of ConocoPhillips by 6.3% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 89,903 shares of the energy producer’s stock valued at $4,483,000 after buying an additional 5,340 shares in the last quarter. Sheets Smith Wealth Management increased its stake in shares of ConocoPhillips by 0.8% in the first quarter. Sheets Smith Wealth Management now owns 13,657 shares of the energy producer’s stock valued at $681,000 after buying an additional 106 shares in the last quarter. Gulf International Bank UK Ltd increased its position in ConocoPhillips by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 385,358 shares of the energy producer’s stock worth $19,217,000 after buying an additional 5,000 shares during the period. Koshinski Asset Management Inc. increased its position in ConocoPhillips by 4.8% in the first quarter. Koshinski Asset Management Inc. now owns 25,759 shares of the energy producer’s stock worth $1,285,000 after buying an additional 1,180 shares during the period. Finally, Quadrant Capital Group LLC increased its position in ConocoPhillips by 30.9% in the first quarter. Quadrant Capital Group LLC now owns 2,413 shares of the energy producer’s stock worth $109,000 after buying an additional 569 shares during the period. Institutional investors own 68.84% of the company’s stock.
ConocoPhillips (NYSE:COP) traded down 0.04% during midday trading on Friday, hitting $44.95. The stock had a trading volume of 2,060,941 shares. The stock’s 50 day moving average price is $44.17 and its 200-day moving average price is $46.53. ConocoPhillips has a 52 week low of $39.00 and a 52 week high of $53.17. The company’s market cap is $54.70 billion.
ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, July 27th. The energy producer reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.16. ConocoPhillips had a negative net margin of 12.29% and a negative return on equity of 2.86%. The company had revenue of $8.88 billion for the quarter, compared to analyst estimates of $6.74 billion. During the same period in the prior year, the business earned ($0.79) earnings per share. Equities research analysts predict that ConocoPhillips will post $0.25 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, July 24th will be given a dividend of $0.265 per share. The ex-dividend date is Thursday, July 20th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.36%. ConocoPhillips’s payout ratio is -34.98%.
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A number of equities analysts recently commented on COP shares. Cowen and Company reiterated a “buy” rating on shares of ConocoPhillips in a research note on Friday, April 14th. Guggenheim started coverage on ConocoPhillips in a research note on Tuesday, April 18th. They issued a “neutral” rating for the company. Jefferies Group LLC reiterated a “hold” rating and issued a $55.00 price target on shares of ConocoPhillips in a research note on Friday, May 5th. Bank of America Corporation downgraded ConocoPhillips from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $68.00 to $67.00 in a research note on Thursday, May 11th. Finally, BidaskClub upgraded ConocoPhillips from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $55.18.
In related news, VP James D. Mcmorran sold 9,091 shares of the stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $47.47, for a total value of $431,549.77. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.82% of the stock is currently owned by corporate 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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