Sequoia Financial Advisors LLC Has $601,000 Stake in ConocoPhillips (COP)
Sequoia Financial Advisors LLC increased its position in shares of ConocoPhillips (NYSE:COP) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,780 shares of the company’s stock after buying an additional 43 shares during the period. Sequoia Financial Advisors LLC’s holdings in ConocoPhillips were worth $601,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the stock. Integrated Investment Consultants LLC increased its stake in ConocoPhillips by 25.0% in the second quarter. Integrated Investment Consultants LLC now owns 2,543 shares of the company’s stock worth $111,000 after buying an additional 509 shares during the last quarter. Quadrant Capital Group LLC increased its stake in ConocoPhillips by 100.0% in the second quarter. Quadrant Capital Group LLC now owns 2,742 shares of the company’s stock worth $109,000 after buying an additional 1,371 shares during the last quarter. Cribstone Capital Management LLC bought a new stake in ConocoPhillips during the second quarter worth $122,000. AIMZ Investment Advisors LLC bought a new stake in ConocoPhillips during the first quarter worth $205,000. Finally, Cornerstone Advisors Inc. increased its stake in ConocoPhillips by 2.3% in the second quarter. Cornerstone Advisors Inc. now owns 3,517 shares of the company’s stock worth $153,000 after buying an additional 79 shares during the last quarter. 63.70% of the stock is currently owned by institutional investors.
Shares of ConocoPhillips (NYSE:COP) traded down 1.37% during midday trading on Monday, hitting $41.10. 5,644,732 shares of the stock were exchanged. The firm’s 50 day moving average is $41.80 and its 200-day moving average is $42.80. ConocoPhillips has a 1-year low of $31.05 and a 1-year high of $57.24. The stock’s market capitalization is $50.90 billion.
ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, July 28th. The company reported ($0.79) earnings per share for the quarter, missing the consensus estimate of ($0.61) by $0.18. ConocoPhillips had a negative net margin of 28.40% and a negative return on equity of 9.26%. The company earned $5.58 billion during the quarter, compared to the consensus estimate of $5.38 billion. During the same period last year, the firm posted $0.07 earnings per share. The company’s revenue for the quarter was down 35.6% on a year-over-year basis. On average, analysts predict that ConocoPhillips will post ($2.47) EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, October 17th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.43%. The ex-dividend date is Thursday, October 13th. ConocoPhillips’s dividend payout ratio (DPR) is currently -17.57%.
A number of research analysts have recently issued reports on the stock. Jefferies Group reiterated a “sell” rating on shares of ConocoPhillips in a research note on Sunday, July 10th. Vetr upgraded shares of ConocoPhillips from a “sell” rating to a “hold” rating and set a $42.73 target price for the company in a research note on Monday, September 12th. Zacks Investment Research upgraded shares of ConocoPhillips from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Wednesday, July 13th. Simmons reiterated a “neutral” rating on shares of ConocoPhillips in a research note on Thursday, August 11th. Finally, JPMorgan Chase & Co. upgraded shares of ConocoPhillips from a “neutral” rating to an “overweight” rating and set a $51.00 target price for the company in a research note on Monday, September 12th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $49.69.
In other ConocoPhillips news, Director Arjun N. Murti acquired 6,500 shares of ConocoPhillips stock in a transaction dated Monday, August 1st. The stock was purchased at an average cost of $39.72 per share, for a total transaction of $258,180.00. Following the completion of the acquisition, the director now directly owns 19,000 shares of the company’s stock, valued at $754,680. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Ellen Desanctis acquired 5,000 shares of ConocoPhillips stock in a transaction dated Thursday, August 11th. The shares were acquired at an average price of $40.50 per share, with a total value of $202,500.00. Following the completion of the acquisition, 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. 0.07% of the stock is currently owned by company insiders.
ConocoPhillips Company Profile
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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