Investors sold shares of ConocoPhillips (NYSE:COP) on strength during trading hours on Thursday. $45.20 million flowed into the stock on the tick-up and $67.70 million flowed out of the stock on the tick-down, for a money net flow of $22.50 million out of the stock. Of all stocks tracked, ConocoPhillips had the 0th highest net out-flow for the day. ConocoPhillips traded up $0.39 for the day and closed at $43.59

A number of brokerages recently weighed in on COP. Simmons reaffirmed a “neutral” rating on shares of ConocoPhillips in a research report on Thursday, August 11th. Deutsche Bank AG reaffirmed a “buy” rating on shares of ConocoPhillips in a research report on Sunday, July 31st. Zacks Investment Research raised shares of ConocoPhillips from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Wednesday, July 13th. Jefferies Group reaffirmed a “sell” rating on shares of ConocoPhillips in a research report on Sunday, July 10th. Finally, JPMorgan Chase & Co. raised shares of ConocoPhillips from an “underweight” rating to a “neutral” rating and set a $44.00 price objective for the company in a research report on Monday, July 11th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $48.41.

The stock’s market capitalization is $53.99 billion. The company has a 50-day moving average price of $41.68 and a 200-day moving average price of $41.43.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, July 28th. The company reported ($0.79) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.61) by $0.18. During the same period in the previous year, the company posted $0.07 earnings per share. The business had revenue of $5.58 billion for the quarter, compared to the consensus estimate of $5.38 billion. The company’s revenue was down 35.6% on a year-over-year basis. On average, equities research analysts forecast that ConocoPhillips will post ($2.47) earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Monday, July 25th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Thursday, July 21st.

In related news, VP Ellen Desanctis bought 5,000 shares of the company’s stock in a transaction on Thursday, August 11th. The stock was bought at an average cost of $40.50 per share, with a total value of $202,500.00. Following the completion of the purchase, the vice president now owns 22,010 shares in the company, valued at approximately $891,405. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Arjun N. Murti bought 6,500 shares of the company’s stock in a transaction on Monday, August 1st. The stock was bought at an average cost of $39.72 per share, with a total value of $258,180.00. Following the completion of the purchase, the director now owns 19,000 shares of the company’s stock, valued at approximately $754,680. The disclosure for this purchase can be found here.

Several institutional investors recently made changes to their positions in the company. Suntrust Banks Inc. increased its position in shares of ConocoPhillips by 2.0% in the fourth quarter. Suntrust Banks Inc. now owns 442,815 shares of the company’s stock worth $20,673,000 after buying an additional 8,764 shares in the last quarter. Agran Libbie increased its position in shares of ConocoPhillips by 9,558.8% in the fourth quarter. Agran Libbie now owns 9,763,868 shares of the company’s stock worth $4,559,000 after buying an additional 9,662,780 shares in the last quarter. Bragg Financial Advisors Inc increased its position in shares of ConocoPhillips by 2.4% in the fourth quarter. Bragg Financial Advisors Inc now owns 66,685 shares of the company’s stock worth $3,114,000 after buying an additional 1,580 shares in the last quarter. Advantus Capital Management Inc increased its position in shares of ConocoPhillips by 11.3% in the fourth quarter. Advantus Capital Management Inc now owns 152,657 shares of the company’s stock worth $7,128,000 after buying an additional 15,507 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its position in shares of ConocoPhillips by 4.4% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 30,322 shares of the company’s stock worth $1,416,000 after buying an additional 1,275 shares in the last quarter.

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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