ConocoPhillips (COP) Shares Bought by San Francisco Sentry Investment Group CA
San Francisco Sentry Investment Group CA raised its position in shares of ConocoPhillips (NYSE:COP) by 12.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,593 shares of the energy producer’s stock after purchasing an additional 2,580 shares during the period. San Francisco Sentry Investment Group CA’s holdings in ConocoPhillips were worth $1,181,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. FDO Partners LLC acquired a new position in shares of ConocoPhillips during the third quarter worth $744,000. Tredje AP fonden increased its holdings in shares of ConocoPhillips by 17.2% during the third quarter. Tredje AP fonden now owns 107,191 shares of the energy producer’s stock worth $5,365,000 after buying an additional 15,763 shares in the last quarter. Van Den Berg Management I Inc. acquired a new position in shares of ConocoPhillips during the third quarter worth $829,000. Commerzbank Aktiengesellschaft FI increased its holdings in shares of ConocoPhillips by 11.8% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 423,795 shares of the energy producer’s stock worth $21,211,000 after buying an additional 44,623 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its holdings in shares of ConocoPhillips by 1.8% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 153,323 shares of the energy producer’s stock worth $7,674,000 after buying an additional 2,651 shares in the last quarter. Institutional investors and hedge funds own 69.63% of the company’s stock.
Shares of ConocoPhillips (NYSE:COP) opened at $59.18 on Friday. The company has a quick ratio of 2.23, a current ratio of 2.38 and a debt-to-equity ratio of 0.64. ConocoPhillips has a one year low of $42.26 and a one year high of $59.48. The firm has a market cap of $70,750.00, a price-to-earnings ratio of -29.74, a P/E/G ratio of 2.90 and a beta of 1.26.
ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, October 26th. The energy producer reported $0.16 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $6.55 billion. During the same quarter in the previous year, the firm posted ($0.66) earnings per share. analysts forecast that ConocoPhillips will post 0.57 EPS for the current year.
Several research analysts have recently issued reports on the stock. Goldman Sachs Group upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and set a $60.00 price target for the company in a report on Wednesday, December 13th. Wells Fargo & Co upped their price target on shares of ConocoPhillips from $57.00 to $60.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Piper Jaffray Companies reiterated a “buy” rating and set a $53.00 price target on shares of ConocoPhillips in a report on Friday, November 3rd. Scotiabank reiterated a “buy” rating and set a $53.00 price target on shares of ConocoPhillips in a report on Wednesday, November 1st. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $54.00 price target on shares of ConocoPhillips in a report on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. ConocoPhillips currently has a consensus rating of “Buy” and an average target price of $55.47.
In other ConocoPhillips news, Director Charles E. Bunch acquired 2,000 shares of ConocoPhillips stock in a transaction that occurred on Monday, December 11th. The shares were bought at an average price of $52.06 per share, with a total value of $104,120.00. Following the completion of the purchase, the director now directly owns 3,429 shares in the company, valued at approximately $178,513.74. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.82% of the company’s stock.
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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