Capstone Asset Management Co. Has $4,101,000 Stake in ConocoPhillips (COP)
Capstone Asset Management Co. cut its position in ConocoPhillips (NYSE:COP) by 6.1% during the third quarter, Holdings Channel reports. The institutional investor owned 94,348 shares of the company’s stock after selling 6,097 shares during the period. Capstone Asset Management Co.’s holdings in ConocoPhillips were worth $4,101,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of COP. A.R.T. Advisors LLC acquired a new position in shares of ConocoPhillips during the first quarter valued at about $1,084,000. Integrated Investment Consultants LLC boosted its position in shares of ConocoPhillips by 25.0% in the second quarter. Integrated Investment Consultants LLC now owns 2,543 shares of the company’s stock valued at $111,000 after buying an additional 509 shares during the period. Stock Yards Bank & Trust Co. boosted its position in shares of ConocoPhillips by 150.6% in the second quarter. Stock Yards Bank & Trust Co. now owns 41,061 shares of the company’s stock valued at $1,790,000 after buying an additional 24,678 shares during the period. Baxter Bros Inc. acquired a new position in shares of ConocoPhillips during the second quarter valued at about $1,171,000. Finally, Raymond James Trust N.A. boosted its position in shares of ConocoPhillips by 0.5% in the second quarter. Raymond James Trust N.A. now owns 37,635 shares of the company’s stock valued at $1,640,000 after buying an additional 200 shares during the period. 63.51% of the stock is owned by institutional investors and hedge funds.
Shares of ConocoPhillips (NYSE:COP) traded up 9.70% during midday trading on Wednesday, reaching $48.52. 20,895,596 shares of the company traded hands. ConocoPhillips has a 12 month low of $31.05 and a 12 month high of $54.57. The company’s 50 day moving average is $43.65 and its 200-day moving average is $42.82. The stock’s market capitalization is $60.12 billion.
ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, October 27th. The company reported ($0.66) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.69) by $0.03. ConocoPhillips had a negative net margin of 29.45% and a negative return on equity of 10.68%. During the same period in the previous year, the business posted ($0.38) EPS. Equities research analysts forecast that ConocoPhillips will post ($2.83) earnings per share for the current fiscal year.
The company 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 dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, October 13th. This represents a $1.00 annualized dividend and a dividend yield of 2.06%. ConocoPhillips’s dividend payout ratio is currently -17.67%.
Several research analysts recently issued reports on COP shares. Edward Jones raised shares of ConocoPhillips from a “hold” rating to a “buy” rating in a report on Monday, November 7th. Barclays PLC restated a “buy” rating and set a $60.00 price target on shares of ConocoPhillips in a research report on Tuesday, November 8th. Citigroup Inc. restated a “buy” rating on shares of ConocoPhillips in a research report on Sunday, November 13th. Vetr lowered shares of ConocoPhillips from a “strong-buy” rating to a “buy” rating and set a $50.41 price target on the stock. in a research report on Tuesday, November 15th. Finally, Goldman Sachs Group Inc. upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and raised their price target for the company from $47.00 to $54.00 in a research report on Monday. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $51.73.
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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