ConocoPhillips (COP) Stake Held by Notis McConarty Edward
Notis McConarty Edward held its position in ConocoPhillips (NYSE:COP) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,553 shares of the energy producer’s stock at the end of the second quarter. Notis McConarty Edward’s holdings in ConocoPhillips were worth $201,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP raised its position in ConocoPhillips by 255.3% in the first quarter. Wellington Management Group LLP now owns 12,803,885 shares of the energy producer’s stock valued at $638,530,000 after buying an additional 9,200,014 shares during the period. FMR LLC raised its position in ConocoPhillips by 6.9% in the first quarter. FMR LLC now owns 61,497,903 shares of the energy producer’s stock valued at $3,066,900,000 after buying an additional 3,982,002 shares during the period. State Street Corp raised its position in ConocoPhillips by 3.9% in the first quarter. State Street Corp now owns 65,388,296 shares of the energy producer’s stock valued at $3,260,918,000 after buying an additional 2,452,533 shares during the period. First Eagle Investment Management LLC raised its position in ConocoPhillips by 21.0% in the first quarter. First Eagle Investment Management LLC now owns 10,065,496 shares of the energy producer’s stock valued at $501,966,000 after buying an additional 1,744,860 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its position in ConocoPhillips by 74.3% in the first quarter. State of New Jersey Common Pension Fund D now owns 2,345,000 shares of the energy producer’s stock valued at $116,945,000 after buying an additional 1,000,000 shares during the period. Institutional investors own 68.98% of the company’s stock.
ConocoPhillips (NYSE COP) traded up 1.47% during midday trading on Thursday, reaching $44.05. The company’s stock had a trading volume of 3,068,083 shares. ConocoPhillips has a 52 week low of $39.00 and a 52 week high of $53.17. The firm has a 50 day moving average price of $43.96 and a 200-day moving average price of $46.07. The firm’s market cap is $53.61 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 firm had revenue of $8.88 billion for the quarter, compared to analyst estimates of $6.74 billion. During the same quarter in the prior year, the business posted ($0.79) EPS. On average, analysts forecast that ConocoPhillips will post $0.24 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders 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 2.44%. ConocoPhillips’s payout ratio is presently -34.98%.
Several equities analysts have weighed in on COP shares. BidaskClub lowered ConocoPhillips from a “sell” rating to a “strong sell” rating in a report on Tuesday, June 27th. Citigroup Inc. cut their target price on ConocoPhillips from $65.00 to $57.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Royal Bank Of Canada set a $62.00 target price on ConocoPhillips and gave the company a “buy” rating in a report on Sunday, July 16th. Sanford C. Bernstein lowered ConocoPhillips from an “outperform” rating to a “market perform” rating and cut their target price for the company from $63.00 to $42.00 in a report on Thursday, July 6th. Finally, Zacks Investment Research lowered ConocoPhillips from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. ConocoPhillips has an average rating of “Buy” and an average target price of $54.13.
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.
Want to see what other hedge funds are holding COP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ConocoPhillips (NYSE:COP).
Receive News & Ratings for ConocoPhillips Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ConocoPhillips and related companies with Analyst Ratings Network's FREE daily email newsletter.