Eads & Heald Investment Counsel decreased its position in ConocoPhillips (NYSE:COP) by 8.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,057 shares of the company’s stock after selling 2,622 shares during the period. Eads & Heald Investment Counsel’s holdings in ConocoPhillips were worth $1,267,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Integrated Investment Consultants LLC increased its position in shares of ConocoPhillips by 25.0% in the second quarter. Integrated Investment Consultants LLC now owns 2,543 shares of the company’s stock worth $111,000 after buying an additional 509 shares during the last quarter. Signaturefd LLC increased its position in shares of ConocoPhillips by 16.9% in the second quarter. Signaturefd LLC now owns 2,648 shares of the company’s stock worth $115,000 after buying an additional 383 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of ConocoPhillips by 100.0% in the second quarter. Quadrant Capital Group LLC now owns 2,742 shares of the company’s stock worth $109,000 after buying an additional 1,371 shares during the last quarter. Cribstone Capital Management LLC bought a new position in shares of ConocoPhillips during the second quarter worth approximately $122,000. Finally, AIMZ Investment Advisors LLC bought a new position in shares of ConocoPhillips during the first quarter worth approximately $205,000. Hedge funds and other institutional investors own 63.70% of the company’s stock.
ConocoPhillips (NYSE:COP) traded down 1.4255% during mid-day trading on Tuesday, reaching $40.5141. The company’s stock had a trading volume of 3,599,572 shares. ConocoPhillips has a 12 month low of $31.05 and a 12 month high of $57.24. The stock’s 50-day moving average is $41.77 and its 200-day moving average is $42.85. The firm’s market capitalization is $50.18 billion.
ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, July 28th. The company reported ($0.79) EPS for the quarter, missing the consensus estimate of ($0.61) by $0.18. ConocoPhillips had a negative net margin of 28.40% and a negative return on equity of 9.26%. The company earned $5.58 billion during the quarter, compared to analysts’ expectations of $5.38 billion. During the same period last year, the business earned $0.07 earnings per share. The company’s revenue for the quarter was down 35.6% compared to the same quarter last year. On average, equities analysts anticipate that ConocoPhillips will post ($2.47) EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, October 17th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.43%. The ex-dividend date is Thursday, October 13th. ConocoPhillips’s dividend payout ratio (DPR) is presently -17.57%.
A number of equities analysts recently commented on the company. Jefferies Group reiterated a “sell” rating on shares of ConocoPhillips in a research report on Sunday, July 10th. Vetr upgraded ConocoPhillips from a “sell” rating to a “hold” rating and set a $42.73 target price on the stock in a research report on Monday, September 12th. Zacks Investment Research raised ConocoPhillips from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Wednesday, July 13th. Simmons reaffirmed a “neutral” rating on shares of ConocoPhillips in a research note on Thursday, August 11th. Finally, JPMorgan Chase & Co. raised ConocoPhillips from a “neutral” rating to an “overweight” rating and set a $51.00 price objective for the company in a research note on Monday, September 12th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the stock. ConocoPhillips currently has a consensus rating of “Hold” and an average target price of $49.69.
In other ConocoPhillips news, VP Ellen Desanctis bought 5,000 shares of the stock in a transaction dated Thursday, August 11th. The stock was bought at an average cost of $40.50 per share, for a total transaction of $202,500.00. Following the completion of the purchase, the vice president now directly owns 22,010 shares of the company’s stock, valued at $891,405. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Arjun N. Murti bought 6,500 shares of the stock in a transaction dated Monday, August 1st. The shares were acquired at an average price of $39.72 per share, with a total value of $258,180.00. Following the completion of the purchase, the director now directly owns 19,000 shares of the company’s stock, valued at $754,680. The disclosure for this purchase can be found here. 0.07% of the stock is owned by company 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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