ConocoPhillips (NYSE:COP) Shares Sold by Uncommon Cents Investing LLC
Uncommon Cents Investing LLC cut its holdings in ConocoPhillips (NYSE:COP) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,056 shares of the energy producer’s stock after selling 425 shares during the period. ConocoPhillips comprises about 2.3% of Uncommon Cents Investing LLC’s holdings, making the stock its 12th largest position. Uncommon Cents Investing LLC’s holdings in ConocoPhillips were worth $4,686,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Marshall Wace LLP raised its stake in ConocoPhillips by 71.3% in the second quarter. Marshall Wace LLP now owns 305,359 shares of the energy producer’s stock valued at $18,628,000 after buying an additional 127,136 shares in the last quarter. Anchor Bolt Capital LP purchased a new position in shares of ConocoPhillips during the second quarter worth about $10,401,000. First Quadrant L P CA grew its holdings in shares of ConocoPhillips by 18.8% during the third quarter. First Quadrant L P CA now owns 55,837 shares of the energy producer’s stock worth $3,182,000 after purchasing an additional 8,819 shares during the last quarter. Nikko Asset Management Americas Inc. grew its holdings in shares of ConocoPhillips by 6.0% during the third quarter. Nikko Asset Management Americas Inc. now owns 73,388 shares of the energy producer’s stock worth $4,182,000 after purchasing an additional 4,172 shares during the last quarter. Finally, City Holding Co. grew its holdings in shares of ConocoPhillips by 8.0% during the third quarter. City Holding Co. now owns 34,321 shares of the energy producer’s stock worth $1,955,000 after purchasing an additional 2,537 shares during the last quarter. Institutional investors own 71.63% of the company’s stock.
Shares of COP stock traded down $0.14 during midday trading on Wednesday, reaching $65.00. 3,933,068 shares of the company traded hands, compared to its average volume of 5,870,587. The firm’s 50 day simple moving average is $63.37 and its two-hundred day simple moving average is $58.48. ConocoPhillips has a 1-year low of $50.13 and a 1-year high of $71.01. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.56 and a quick ratio of 2.40. The firm has a market cap of $71.78 billion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 2.18 and a beta of 1.13.
In other news, President William L. Jr. Bullock sold 25,628 shares of ConocoPhillips stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $63.17, for a total transaction of $1,618,920.76. Following the completion of the sale, the president now directly owns 32,926 shares in the company, valued at approximately $2,079,935.42. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.66% of the stock is currently owned by company insiders.
A number of research firms recently issued reports on COP. MKM Partners initiated coverage on ConocoPhillips in a report on Thursday, December 5th. They set a “buy” rating and a $72.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on ConocoPhillips from $70.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Goldman Sachs Group set a $67.00 price objective on ConocoPhillips and gave the company a “buy” rating in a report on Friday, October 11th. Piper Jaffray Companies initiated coverage on ConocoPhillips in a report on Tuesday, November 26th. They issued a “buy” rating and a $74.00 price objective on the stock. Finally, Morgan Stanley lowered their price objective on ConocoPhillips from $81.00 to $79.00 and set an “overweight” rating on the stock in a report on Monday, October 14th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $74.00.
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the tight oil reservoirs, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.
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