American Trust Investment Advisors LLC increased its holdings in ConocoPhillips (NYSE:COP) by 2.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 52,131 shares of the energy producer’s stock after buying an additional 1,020 shares during the period. ConocoPhillips comprises approximately 2.4% of American Trust Investment Advisors LLC’s holdings, making the stock its 16th biggest position. American Trust Investment Advisors LLC’s holdings in ConocoPhillips were worth $2,600,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Advocacy Wealth Management Services LLC boosted its stake in ConocoPhillips by 4.5% during the 1st quarter. Advocacy Wealth Management Services LLC now owns 2,329 shares of the energy producer’s stock valued at $116,000 after purchasing an additional 100 shares during the period. Westside Investment Management Inc. boosted its stake in ConocoPhillips by 468.4% during the 1st quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer’s stock valued at $119,000 after purchasing an additional 2,000 shares during the period. Advantage Investment Management LLC boosted its stake in ConocoPhillips by 65.3% during the 1st quarter. Advantage Investment Management LLC now owns 2,425 shares of the energy producer’s stock valued at $121,000 after purchasing an additional 958 shares during the period. Massey Quick & Co. LLC acquired a new position in ConocoPhillips during the 1st quarter valued at about $123,000. Finally, Crestwood Advisors Group LLC acquired a new position in ConocoPhillips during the 1st quarter valued at about $131,000. 68.99% of the stock is owned by institutional investors and hedge funds.
A number of research firms have issued reports on COP. Scotiabank reissued a “buy” rating and set a $52.00 target price on shares of ConocoPhillips in a research note on Friday, September 8th. Jefferies Group LLC set a $54.00 target price on shares of ConocoPhillips and gave the company a “buy” rating in a research note on Tuesday, August 29th. Piper Jaffray Companies set a $45.00 target price on shares of ConocoPhillips and gave the company a “buy” rating in a research note on Friday, August 25th. Royal Bank Of Canada set a $54.00 target price on shares of ConocoPhillips and gave the company a “buy” rating in a research note on Thursday, August 24th. Finally, BidaskClub lowered shares of ConocoPhillips from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $54.19.
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ConocoPhillips (NYSE COP) traded up 1.0188% during midday trading on Friday, hitting $46.2969. 3,751,550 shares of the stock were exchanged. ConocoPhillips has a one year low of $39.00 and a one year high of $53.17. The company has a 50 day moving average price of $44.43 and a 200 day moving average price of $45.67. The firm’s market capitalization is $56.34 billion.
ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, July 27th. The energy producer reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.16. ConocoPhillips had a negative net margin of 12.29% and a negative return on equity of 2.86%. The company had revenue of $8.88 billion for the quarter, compared to the consensus estimate of $6.74 billion. During the same period last year, the company earned ($0.79) earnings per share. Equities analysts anticipate that ConocoPhillips will post $0.26 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, July 24th were issued a $0.265 dividend. The ex-dividend date was Thursday, July 20th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.31%. ConocoPhillips’s dividend payout ratio (DPR) is presently -34.98%.
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.
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