Ausdal Financial Partners Inc. decreased its position in ConocoPhillips (NYSE:COP) by 3.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 11,109 shares of the company’s stock after selling 395 shares during the period. Ausdal Financial Partners Inc.’s holdings in ConocoPhillips were worth $484,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the company. Berkeley Capital Partners LLC boosted its position in ConocoPhillips by 10.2% in the first quarter. Berkeley Capital Partners LLC now owns 7,029 shares of the company’s stock worth $283,000 after buying an additional 650 shares during the last quarter. Bessemer Group Inc. boosted its position in ConocoPhillips by 21.3% in the first quarter. Bessemer Group Inc. now owns 2,961,889 shares of the company’s stock worth $119,275,000 after buying an additional 519,455 shares during the last quarter. Shufro Rose & Co. LLC boosted its position in ConocoPhillips by 6.0% in the first quarter. Shufro Rose & Co. LLC now owns 16,010 shares of the company’s stock worth $645,000 after buying an additional 900 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new position in ConocoPhillips during the first quarter worth about $9,363,000. Finally, Massmutual Trust Co. FSB ADV boosted its position in ConocoPhillips by 6.1% in the first quarter. Massmutual Trust Co. FSB ADV now owns 35,664 shares of the company’s stock worth $1,436,000 after buying an additional 2,046 shares during the last quarter. 63.70% of the stock is owned by institutional investors and hedge funds.
ConocoPhillips (NYSE:COP) traded down 1.459% during trading on Monday, hitting $41.062. The stock had a trading volume of 3,603,601 shares. The firm’s market capitalization is $50.86 billion. ConocoPhillips has a 1-year low of $31.05 and a 1-year high of $57.24. The firm has a 50 day moving average price of $41.80 and a 200-day moving average price of $42.81.
ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, July 28th. The company reported ($0.79) EPS for the quarter, missing analysts’ consensus estimates of ($0.61) by $0.18. The company earned $5.58 billion during the quarter, compared to the consensus estimate of $5.38 billion. ConocoPhillips had a negative return on equity of 9.26% and a negative net margin of 28.40%. The company’s revenue for the quarter was down 35.6% compared to the same quarter last year. During the same period last year, the firm posted $0.07 EPS. On average, equities research analysts expect that ConocoPhillips will post ($2.47) EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, October 17th will be issued a $0.25 dividend. The ex-dividend date is Thursday, October 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.44%. ConocoPhillips’s dividend payout ratio (DPR) is presently -17.57%.
A number of research firms have issued reports on COP. Zacks Investment Research raised ConocoPhillips from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Wednesday, July 13th. Deutsche Bank AG reissued a “buy” rating on shares of ConocoPhillips in a research note on Sunday, July 31st. Jefferies Group raised ConocoPhillips from an “underperform” rating to a “hold” rating and boosted their target price for the company from $30.00 to $40.00 in a research note on Wednesday, September 7th. They noted that the move was a valuation call. Nomura reissued a “hold” rating and issued a $49.00 target price on shares of ConocoPhillips in a research note on Monday, October 3rd. Finally, Simmons reissued a “neutral” rating on shares of ConocoPhillips in a research note on Thursday, August 11th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $49.69.
In related news, VP Ellen Desanctis purchased 5,000 shares of the stock in a transaction that occurred on Thursday, August 11th. The shares were bought at an average price of $40.50 per share, with a total value of $202,500.00. Following the acquisition, the vice president now owns 22,010 shares of the company’s stock, valued at approximately $891,405. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Arjun N. Murti purchased 6,500 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was bought at an average cost of $39.72 per share, for a total transaction of $258,180.00. Following the acquisition, the director now directly owns 19,000 shares in the company, valued at approximately $754,680. The disclosure for this purchase can be found here. 0.07% of the stock is currently owned by corporate insiders.
ConocoPhillips (ConocoPhillips) is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas and liquefied natural gas (LNG). The Company operates through six operating segments, which are primarily defined by geographic region: Alaska; Lower 48; Canada; Europe and North Africa; Asia Pacific and Middle East, and Other International.
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