Nisa Investment Advisors LLC raised its position in shares of ConocoPhillips (NYSE:COP) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 457,168 shares of the company’s stock after buying an additional 7,636 shares during the period. Nisa Investment Advisors LLC’s holdings in ConocoPhillips were worth $19,933,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of COP. Integrated Investment Consultants LLC raised 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 period. MCF Advisors LLC raised its position in shares of ConocoPhillips by 0.3% in the first quarter. MCF Advisors LLC now owns 3,865 shares of the company’s stock worth $156,000 after buying an additional 12 shares during the period. Zions Bancorporation raised its position in shares of ConocoPhillips by 8.6% in the first quarter. Zions Bancorporation now owns 3,905 shares of the company’s stock worth $160,000 after buying an additional 309 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in shares of ConocoPhillips during the second quarter worth approximately $204,000. Finally, AIMZ Investment Advisors LLC acquired a new position in shares of ConocoPhillips during the first quarter worth approximately $205,000. 63.70% of the stock is currently owned by institutional investors.
ConocoPhillips (NYSE:COP) traded down 0.44% during midday trading on Friday, reaching $43.47. The company had a trading volume of 8,814,000 shares. The company’s 50-day moving average is $41.63 and its 200 day moving average is $42.67. The company’s market cap is $53.84 billion. ConocoPhillips has a 52-week low of $31.05 and a 52-week high of $57.24.
ConocoPhillips (NYSE:COP) last released its quarterly earnings data 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 net margin of 28.40% and a negative return on equity of 9.26%. The company’s revenue for the quarter was down 35.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.07 EPS. On average, equities research analysts forecast that ConocoPhillips will post ($2.47) EPS for the current year.
A number of research firms recently issued reports on COP. Deutsche Bank AG reaffirmed a “buy” rating and set a $62.00 target price on shares of ConocoPhillips in a report on Thursday, June 16th. Zacks Investment Research raised ConocoPhillips from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Wednesday, July 13th. Vetr raised ConocoPhillips from a “sell” rating to a “hold” rating and set a $42.73 target price on the stock in a report on Monday, September 12th. Jefferies Group raised ConocoPhillips from an “underperform” rating to a “hold” rating and lifted their target price for the stock from $30.00 to $40.00 in a report on Wednesday, September 7th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. raised ConocoPhillips from an “underweight” rating to a “neutral” rating and set a $44.00 target price on the stock in a report on Monday, July 11th. They noted that the move was a valuation call. 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 company has a consensus rating of “Hold” and a consensus price target of $48.63.
In related news, VP Ellen Desanctis acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The stock was acquired at an average price of $40.50 per share, for a total transaction of $202,500.00. Following the completion of 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 accessible through this hyperlink. Also, Director Arjun N. Murti acquired 6,500 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was bought at an average price of $39.72 per share, with a total value of $258,180.00. Following the acquisition, the director now directly owns 19,000 shares of the company’s stock, valued at approximately $754,680. The disclosure for this purchase can be found here. 0.07% of the stock is owned by corporate insiders.
ConocoPhillips Company Profile
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.
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 MarketBeat.com's FREE daily email newsletter.