Traders sold shares of ConocoPhillips (NYSE:COP) on strength during trading 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 companies 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 equities research analysts have recently issued reports on COP shares. Deutsche Bank AG reiterated a “buy” rating and issued a $62.00 target price on shares of ConocoPhillips in a research note on Monday, May 16th. Bank of America Corp. reiterated a “buy” rating and issued a $71.00 target price on shares of ConocoPhillips in a research note on Friday, June 3rd. Citigroup Inc. increased their target price on ConocoPhillips from $50.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, April 29th. Simmons reiterated a “neutral” rating on shares of ConocoPhillips in a research note on Thursday, August 11th. Finally, Jefferies Group reiterated a “sell” rating on shares of ConocoPhillips in a research note on Thursday, June 30th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $48.41.

The stock’s market cap is $53.65 billion. The stock’s 50-day moving average is $41.67 and its 200 day moving average is $41.46.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, July 28th. The company reported ($0.79) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by $0.18. The company earned $5.58 billion during the quarter, compared to analysts’ expectations of $5.38 billion. The firm’s revenue for the quarter was down 35.6% on a year-over-year basis. During the same quarter last year, the company earned $0.07 EPS. On average, equities analysts predict that ConocoPhillips will post ($2.47) earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, July 25th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, July 21st. This represents a $1.00 annualized dividend and a yield of 2.31%.

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

A number of institutional investors have recently modified their holdings of the stock. Bronfman E.L. Rothschild L.P. purchased a new position in shares of ConocoPhillips during the fourth quarter valued at about $1,113,000. Ashfield Capital Partners LLC raised its stake in ConocoPhillips by 11.5% in the fourth quarter. Ashfield Capital Partners LLC now owns 28,909 shares of the company’s stock valued at $1,350,000 after buying an additional 2,983 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its stake in ConocoPhillips by 4.4% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 30,322 shares of the company’s stock valued at $1,416,000 after buying an additional 1,275 shares in the last quarter. Cypress Asset Management Inc. TX raised its stake in ConocoPhillips by 4.0% in the fourth quarter. Cypress Asset Management Inc. TX now owns 33,769 shares of the company’s stock valued at $1,577,000 after buying an additional 1,300 shares in the last quarter. Finally, Smith Salley & Associates raised its stake in ConocoPhillips by 3.7% in the fourth quarter. Smith Salley & Associates now owns 33,973 shares of the company’s stock valued at $1,586,000 after buying an additional 1,227 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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