GSA Capital Partners LLP Boosts Holdings in ConocoPhillips (COP)
GSA Capital Partners LLP boosted its position in ConocoPhillips (NYSE:COP) by 187.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,865 shares of the energy producer’s stock after purchasing an additional 11,006 shares during the quarter. GSA Capital Partners LLP’s holdings in ConocoPhillips were worth $741,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of COP. Financial Management Professionals Inc. raised its holdings in ConocoPhillips by 0.3% in the second quarter. Financial Management Professionals Inc. now owns 2,294 shares of the energy producer’s stock worth $100,000 after purchasing an additional 6 shares in the last quarter. First Command Bank raised its holdings in ConocoPhillips by 9.4% in the second quarter. First Command Bank now owns 2,313 shares of the energy producer’s stock worth $101,000 after purchasing an additional 199 shares in the last quarter. Westside Investment Management Inc. raised its holdings in ConocoPhillips by 468.4% in the first quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer’s stock worth $119,000 after purchasing an additional 2,000 shares in the last quarter. Reilly Financial Advisors LLC raised its holdings in ConocoPhillips by 20.5% in the second quarter. Reilly Financial Advisors LLC now owns 2,758 shares of the energy producer’s stock worth $121,000 after purchasing an additional 470 shares in the last quarter. Finally, Massey Quick & Co. LLC bought a new position in ConocoPhillips in the first quarter worth $123,000. Institutional investors and hedge funds own 70.08% of the company’s stock.
ConocoPhillips (NYSE:COP) opened at $50.49 on Thursday. The stock has a market capitalization of $61,246.29, a PE ratio of 2,561.50, a price-to-earnings-growth ratio of 12.59 and a beta of 1.28. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.38 and a quick ratio of 2.23. ConocoPhillips has a 12-month low of $42.26 and a 12-month high of $54.22.
ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, October 26th. The energy producer reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.08. The business had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $6.55 billion. ConocoPhillips had a positive return on equity of 0.12% and a negative net margin of 7.32%. During the same period last year, the firm posted ($0.66) earnings per share. equities analysts anticipate that ConocoPhillips will post 0.54 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 16th will be given a $0.265 dividend. The ex-dividend date is Friday, October 13th. This represents a $1.06 annualized dividend and a yield of 2.10%. ConocoPhillips’s payout ratio is -57.30%.
A number of equities analysts have issued reports on COP shares. Scotiabank reiterated a “buy” rating and issued a $52.00 price objective on shares of ConocoPhillips in a report on Friday, September 8th. J P Morgan Chase & Co reissued an “overweight” rating on shares of ConocoPhillips in a research note on Saturday, September 16th. Citigroup Inc. cut their target price on ConocoPhillips from $65.00 to $57.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Jefferies Group LLC set a $54.00 target price on ConocoPhillips and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Finally, Royal Bank Of Canada set a $54.00 target price on ConocoPhillips and gave the stock a “buy” rating in a research note on Thursday, August 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. ConocoPhillips has an average rating of “Buy” and an average target price of $55.37.
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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