ConocoPhillips (COP) Position Lowered by Argent Trust Co
Argent Trust Co lowered its holdings in shares of ConocoPhillips (NYSE:COP) by 7.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,729 shares of the energy producer’s stock after selling 960 shares during the period. Argent Trust Co’s holdings in ConocoPhillips were worth $559,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. WMS Partners LLC lifted its stake in shares of ConocoPhillips by 2.4% in the 2nd quarter. WMS Partners LLC now owns 7,947 shares of the energy producer’s stock worth $349,000 after acquiring an additional 187 shares during the period. Calamos Wealth Management LLC increased its holdings in ConocoPhillips by 1.7% during the 2nd quarter. Calamos Wealth Management LLC now owns 57,623 shares of the energy producer’s stock valued at $2,533,000 after acquiring an additional 952 shares in the last quarter. Guyasuta Investment Advisors Inc. increased its holdings in ConocoPhillips by 1.9% during the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 270,055 shares of the energy producer’s stock valued at $11,872,000 after acquiring an additional 5,105 shares in the last quarter. Atlantic Trust Group LLC grew its holdings in shares of ConocoPhillips by 24.2% during the second quarter. Atlantic Trust Group LLC now owns 84,028 shares of the energy producer’s stock worth $3,694,000 after buying an additional 16,389 shares in the last quarter. Finally, Leisure Capital Management grew its holdings in shares of ConocoPhillips by 1.9% during the second quarter. Leisure Capital Management now owns 23,551 shares of the energy producer’s stock worth $1,035,000 after buying an additional 449 shares in the last quarter. Hedge funds and other institutional investors own 68.88% of the company’s stock.
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A number of equities research analysts recently issued reports on COP shares. Jefferies Group LLC set a $54.00 target price on shares of ConocoPhillips and gave the company a “buy” rating in a report on Tuesday, August 29th. Barclays PLC boosted their target price on shares of ConocoPhillips from $55.00 to $59.00 and gave the stock an “overweight” rating in a research report on Friday, October 27th. Royal Bank Of Canada set a $54.00 target price on shares of ConocoPhillips and gave the stock a “buy” rating in a research report on Thursday, August 24th. Zacks Investment Research lowered shares of ConocoPhillips from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Finally, BidaskClub upgraded shares of ConocoPhillips from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $55.26.
Shares of ConocoPhillips (NYSE COP) opened at $52.96 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.90 and a current ratio of 2.38. ConocoPhillips has a 52 week low of $42.26 and a 52 week high of $53.27. The company has a market cap of $63,314.53, a PE ratio of 2,648.00, a price-to-earnings-growth ratio of 14.98 and a beta of 1.28.
ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, October 26th. The energy producer reported $0.16 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $7.20 billion during the quarter, compared to analyst estimates of $6.55 billion. During the same period in the prior year, the firm earned ($0.66) earnings per share. equities research analysts predict that ConocoPhillips will post 0.47 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 16th will be paid a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Friday, October 13th. ConocoPhillips’s dividend payout ratio is presently -57.30%.
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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