Atria Investments LLC Purchases 1,223 Shares of ConocoPhillips (COP)
Atria Investments LLC boosted its position in ConocoPhillips (NYSE:COP) by 4.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,849 shares of the energy producer’s stock after buying an additional 1,223 shares during the period. Atria Investments LLC’s holdings in ConocoPhillips were worth $1,312,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of COP. First Command Bank boosted its position in ConocoPhillips by 9.4% in the second quarter. First Command Bank now owns 2,313 shares of the energy producer’s stock valued at $101,000 after buying an additional 199 shares during the last quarter. Westside Investment Management Inc. boosted its position in ConocoPhillips by 468.4% in the first quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer’s stock valued at $119,000 after buying an additional 2,000 shares during the last quarter. Advantage Investment Management LLC boosted its position in ConocoPhillips by 65.3% in the first quarter. Advantage Investment Management LLC now owns 2,425 shares of the energy producer’s stock valued at $121,000 after buying an additional 958 shares during the last quarter. Massey Quick & Co. LLC purchased a new stake in ConocoPhillips in the first quarter valued at approximately $123,000. Finally, Harbour Capital Advisors LLC purchased a new stake in ConocoPhillips in the first quarter valued at approximately $123,000. Hedge funds and other institutional investors own 68.90% of the company’s stock.
ConocoPhillips (NYSE COP) traded up 0.40% on Tuesday, reaching $47.28. The company had a trading volume of 2,907,739 shares. The company’s 50-day moving average is $44.53 and its 200-day moving average is $45.62. ConocoPhillips has a 52-week low of $39.00 and a 52-week high of $53.17. The company’s market capitalization is $57.54 billion.
ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, July 27th. The energy producer reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.16. The firm had revenue of $8.88 billion for the quarter, compared to the consensus estimate of $6.74 billion. ConocoPhillips had a negative return on equity of 2.86% and a negative net margin of 12.29%. During the same period in the previous year, the business earned ($0.79) earnings per share. Equities analysts anticipate that ConocoPhillips will post $0.26 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, July 24th were given a dividend of $0.265 per share. The ex-dividend date of this dividend was Thursday, July 20th. This represents a $1.06 dividend on an annualized basis and a yield of 2.25%. ConocoPhillips’s payout ratio is -34.98%.
A number of equities research analysts recently commented on the company. J P Morgan Chase & Co reiterated an “overweight” rating on shares of ConocoPhillips in a research report on Saturday. BidaskClub upgraded ConocoPhillips from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Royal Bank Of Canada restated a “buy” rating and issued a $62.00 price objective on shares of ConocoPhillips in a research report on Thursday, June 15th. Zacks Investment Research upgraded ConocoPhillips from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Scotiabank set a $54.00 price objective on ConocoPhillips and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $54.19.
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.
Want to see what other hedge funds are holding COP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ConocoPhillips (NYSE:COP).
Receive News & Ratings for ConocoPhillips Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ConocoPhillips and related companies with MarketBeat.com's FREE daily email newsletter.