ConocoPhillips (COP) Stake Held by America First Investment Advisors LLC
America First Investment Advisors LLC maintained its stake in shares of ConocoPhillips (NYSE:COP) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,700 shares of the energy producer’s stock at the end of the second quarter. America First Investment Advisors LLC’s holdings in ConocoPhillips were worth $558,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. First Command Bank increased its position in ConocoPhillips by 9.4% in the 2nd quarter. First Command Bank now owns 2,313 shares of the energy producer’s stock valued at $101,000 after acquiring an additional 199 shares during the period. Westside Investment Management Inc. increased its position in ConocoPhillips by 468.4% in the 1st quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer’s stock valued at $119,000 after acquiring an additional 2,000 shares during the period. Advantage Investment Management LLC increased its position in ConocoPhillips by 65.3% in the 1st quarter. Advantage Investment Management LLC now owns 2,425 shares of the energy producer’s stock valued at $121,000 after acquiring an additional 958 shares during the period. Massey Quick & Co. LLC acquired a new position in ConocoPhillips in the 1st quarter valued at about $123,000. Finally, Harbour Capital Advisors LLC acquired a new position in ConocoPhillips in the 1st quarter valued at about $123,000. Hedge funds and other institutional investors own 68.90% of the company’s stock.
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Several equities analysts recently issued reports on COP shares. Jefferies Group LLC set a $54.00 price target on ConocoPhillips and gave the company a “buy” rating in a research report on Tuesday, August 29th. Royal Bank Of Canada set a $54.00 target price on ConocoPhillips and gave the stock a “buy” rating in a research report on Thursday, August 24th. Zacks Investment Research cut ConocoPhillips from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. BidaskClub upgraded ConocoPhillips from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Finally, Piper Jaffray Companies set a $45.00 target price on ConocoPhillips and gave the stock a “buy” rating in a research report on Friday, August 25th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $54.19.
ConocoPhillips (COP) traded up 1.18% during midday trading on Monday, reaching $47.06. The company had a trading volume of 2,990,914 shares. ConocoPhillips has a 52-week low of $39.00 and a 52-week high of $53.17. The company’s 50 day moving average is $44.48 and its 200-day moving average is $45.66. The company’s market capitalization is $57.27 billion.
ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, July 27th. The energy producer reported $0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.16. The firm had revenue of $8.88 billion during the quarter, compared to analysts’ expectations of $6.74 billion. ConocoPhillips had a negative net margin of 12.29% and a negative return on equity of 2.86%. During the same period last year, the firm posted ($0.79) earnings per share. Equities analysts expect that ConocoPhillips will post $0.26 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, July 24th were issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date was Thursday, July 20th. ConocoPhillips’s payout ratio is -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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