Usca Ria LLC Has $1.95 Million Stake in ConocoPhillips (COP)

Usca Ria LLC cut its stake in shares of ConocoPhillips (NYSE:COP) by 3.7% during the first quarter, Holdings Channel reports. The fund owned 39,142 shares of the energy producer’s stock after selling 1,514 shares during the period. Usca Ria LLC’s holdings in ConocoPhillips were worth $1,952,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. Trellus Management Company LLC purchased a new position in ConocoPhillips during the first quarter worth $997,000. Honeywell International Inc. purchased a new position in ConocoPhillips during the first quarter worth $27,279,000. Smithfield Trust Co. raised its position in ConocoPhillips by 19.1% in the first quarter. Smithfield Trust Co. now owns 20,842 shares of the energy producer’s stock worth $1,039,000 after buying an additional 3,342 shares in the last quarter. Sentinel Trust Co. LBA raised its position in ConocoPhillips by 6.4% in the first quarter. Sentinel Trust Co. LBA now owns 13,235 shares of the energy producer’s stock worth $660,000 after buying an additional 795 shares in the last quarter. Finally, Private Capital Management Inc. raised its position in ConocoPhillips by 8.1% in the first quarter. Private Capital Management Inc. now owns 10,000 shares of the energy producer’s stock worth $499,000 after buying an additional 750 shares in the last quarter. 68.00% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

Shares of ConocoPhillips (NYSE:COP) opened at 44.82 on Monday. The company’s market cap is $55.45 billion. ConocoPhillips has a 1-year low of $38.80 and a 1-year high of $53.17. The company has a 50-day moving average of $46.35 and a 200-day moving average of $48.17.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Tuesday, May 2nd. The energy producer reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.05. The business had revenue of $7.77 billion during the quarter, compared to the consensus estimate of $7.47 billion. ConocoPhillips had a negative net margin of 5.05% and a negative return on equity of 5.92%. During the same period in the prior year, the firm earned ($0.95) EPS. Equities analysts forecast that ConocoPhillips will post $0.53 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Monday, May 15th were issued a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date was Thursday, May 11th. ConocoPhillips’s dividend payout ratio is currently -95.50%.

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A number of research analysts have weighed in on COP shares. TheStreet raised shares of ConocoPhillips from a “d+” rating to a “c” rating in a research report on Monday, March 6th. Scotiabank set a $53.00 target price on shares of ConocoPhillips and gave the stock a “buy” rating in a research report on Monday, March 27th. Credit Suisse Group set a $60.00 target price on shares of ConocoPhillips and gave the stock a “neutral” rating in a research report on Thursday, March 30th. Cowen and Company reissued an “outperform” rating and set a $59.00 target price on shares of ConocoPhillips in a research report on Thursday, March 30th. Finally, Vetr lowered shares of ConocoPhillips from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 31st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $56.92.

In other ConocoPhillips news, VP James D. Mcmorran sold 9,091 shares of the business’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $47.47, for a total value of $431,549.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.82% of the company’s stock.

About ConocoPhillips

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “COP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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