Investors Sell Shares of ConocoPhillips (COP) on Strength (COP)
Traders sold shares of ConocoPhillips (NYSE:COP) on strength during trading hours on Thursday. $41.36 million flowed into the stock on the tick-up and $72.29 million flowed out of the stock on the tick-down, for a money net flow of $30.93 million out of the stock. Of all stocks tracked, ConocoPhillips had the 0th highest net out-flow for the day. ConocoPhillips traded up $0.63 for the day and closed at $52.31
Several equities analysts recently issued reports on the company. Royal Bank of Canada raised their price target on ConocoPhillips from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, November 9th. Piper Jaffray Companies restated a “buy” rating and set a $53.00 target price on shares of ConocoPhillips in a report on Friday, November 3rd. Credit Suisse Group began coverage on ConocoPhillips in a report on Monday, December 11th. They set a “neutral” rating and a $50.00 target price on the stock. Goldman Sachs Group upgraded ConocoPhillips from a “neutral” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Wednesday. Finally, Barclays raised their price target on ConocoPhillips from $55.00 to $59.00 and gave the stock an “overweight” rating in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $55.19.
The stock has a market cap of $62,537.44, a PE ratio of 2,615.50, a price-to-earnings-growth ratio of 12.62 and a beta of 1.26. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.38 and a quick ratio of 2.23.
ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, October 26th. The energy producer reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.08. The firm had revenue of $7.20 billion for the quarter, compared to analyst estimates of $6.55 billion. ConocoPhillips had a positive return on equity of 0.12% and a negative net margin of 7.32%. During the same quarter in the previous year, the firm earned ($0.66) EPS. sell-side analysts expect that ConocoPhillips will post 0.55 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, October 16th were given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 2.03%. The ex-dividend date was Friday, October 13th. ConocoPhillips’s dividend payout ratio (DPR) is -57.30%.
In other ConocoPhillips news, Director Charles E. Bunch bought 2,000 shares of ConocoPhillips stock in a transaction dated Monday, December 11th. The stock was bought at an average cost of $52.06 per share, for a total transaction of $104,120.00. Following the purchase, the director now owns 3,429 shares of the company’s stock, valued at approximately $178,513.74. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.82% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Financial Management Professionals Inc. raised its holdings in ConocoPhillips by 0.3% in the 2nd quarter. Financial Management Professionals Inc. now owns 2,294 shares of the energy producer’s stock valued at $100,000 after acquiring an additional 6 shares in the last quarter. First Command Bank raised its holdings in shares of ConocoPhillips by 9.4% during the 2nd quarter. First Command Bank now owns 2,313 shares of the energy producer’s stock worth $101,000 after buying an additional 199 shares in the last quarter. Krilogy Financial LLC raised its holdings in shares of ConocoPhillips by 48.6% during the 2nd quarter. Krilogy Financial LLC now owns 2,392 shares of the energy producer’s stock worth $105,000 after buying an additional 782 shares in the last quarter. Westside Investment Management Inc. raised its holdings in shares of ConocoPhillips by 468.4% during the 1st quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer’s stock worth $119,000 after buying an additional 2,000 shares in the last quarter. Finally, Rocky Mountain Advisers LLC raised its holdings in shares of ConocoPhillips by 140.2% during the 3rd quarter. Rocky Mountain Advisers LLC now owns 2,392 shares of the energy producer’s stock worth $120,000 after buying an additional 1,396 shares in the last quarter. Institutional investors own 69.87% of the company’s stock.
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ConocoPhillips Company Profile
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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