CAPROCK Group Inc. acquired a new position in shares of ConocoPhillips (NYSE:COP) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,560 shares of the energy producer’s stock, valued at approximately $203,000.
A number of other institutional investors have also recently modified their holdings of COP. Smart Money Group LLC boosted its stake in ConocoPhillips by 2.6% in the second quarter. Smart Money Group LLC now owns 6,918 shares of the energy producer’s stock valued at $422,000 after acquiring an additional 177 shares during the period. Liberty Capital Management Inc. boosted its position in shares of ConocoPhillips by 2.0% during the second quarter. Liberty Capital Management Inc. now owns 9,500 shares of the energy producer’s stock worth $580,000 after buying an additional 188 shares during the period. BKD Wealth Advisors LLC boosted its position in shares of ConocoPhillips by 0.3% during the second quarter. BKD Wealth Advisors LLC now owns 68,910 shares of the energy producer’s stock worth $4,204,000 after buying an additional 194 shares during the period. Valley National Advisers Inc. boosted its position in shares of ConocoPhillips by 64.9% during the second quarter. Valley National Advisers Inc. now owns 503 shares of the energy producer’s stock worth $31,000 after buying an additional 198 shares during the period. Finally, Wagner Bowman Management Corp boosted its position in shares of ConocoPhillips by 1.6% during the second quarter. Wagner Bowman Management Corp now owns 12,631 shares of the energy producer’s stock worth $770,000 after buying an additional 199 shares during the period. Hedge funds and other institutional investors own 71.50% of the company’s stock.
COP has been the subject of a number of research analyst reports. Baader Bank restated a “neutral” rating and issued a $52.00 target price on shares of ConocoPhillips in a research report on Tuesday, October 29th. Piper Jaffray Companies initiated coverage on ConocoPhillips in a report on Tuesday. They issued a “buy” rating and a $74.00 price target on the stock. Deutsche Bank reaffirmed a “buy” rating and issued a $68.00 price target on shares of ConocoPhillips in a report on Tuesday, November 5th. ValuEngine raised ConocoPhillips from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of ConocoPhillips in a report on Tuesday, November 19th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $68.80.
Shares of NYSE COP traded up $0.23 during mid-day trading on Wednesday, reaching $60.34. The company had a trading volume of 5,998,160 shares, compared to its average volume of 6,588,149. ConocoPhillips has a twelve month low of $50.13 and a twelve month high of $71.01. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.40 and a current ratio of 2.56. The stock has a market capitalization of $65.73 billion, a PE ratio of 13.32, a price-to-earnings-growth ratio of 1.74 and a beta of 1.05. The stock’s 50 day moving average is $57.20 and its 200-day moving average is $57.70.
ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Tuesday, October 29th. The energy producer reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.04. The firm had revenue of $10.09 billion during the quarter, compared to analysts’ expectations of $7.06 billion. ConocoPhillips had a net margin of 21.44% and a return on equity of 13.54%. During the same period in the prior year, the company posted $1.36 earnings per share. On average, sell-side analysts anticipate that ConocoPhillips will post 3.63 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, October 17th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, October 16th. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.31. This represents a $1.68 dividend on an annualized basis and a yield of 2.78%. ConocoPhillips’s dividend payout ratio is currently 37.09%.
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the tight oil reservoirs, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.
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