ConocoPhillips (COP) Position Cut by AMP Capital Investors Ltd
AMP Capital Investors Ltd lowered its holdings in shares of ConocoPhillips (NYSE:COP) by 11.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 309,720 shares of the energy producer’s stock after selling 39,287 shares during the quarter. AMP Capital Investors Ltd’s holdings in ConocoPhillips were worth $15,502,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of COP. First Command Bank boosted its holdings in ConocoPhillips by 9.4% during 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. Fox Run Management L.L.C. lifted its holdings in shares of ConocoPhillips by 553.4% in the 2nd quarter. Fox Run Management L.L.C. now owns 37,900 shares of the energy producer’s stock worth $1,666,000 after buying an additional 32,100 shares during the period. BKD Wealth Advisors LLC lifted its holdings in shares of ConocoPhillips by 3.4% in the 2nd quarter. BKD Wealth Advisors LLC now owns 65,303 shares of the energy producer’s stock worth $2,871,000 after buying an additional 2,155 shares during the period. Capital One National Association lifted its holdings in shares of ConocoPhillips by 5.9% in the 2nd quarter. Capital One National Association now owns 14,565 shares of the energy producer’s stock worth $641,000 after buying an additional 807 shares during the period. Finally, Farmers Trust Co. lifted its holdings in shares of ConocoPhillips by 28.5% in the 2nd quarter. Farmers Trust Co. now owns 81,600 shares of the energy producer’s stock worth $3,587,000 after buying an additional 18,100 shares during the period. Institutional investors own 69.63% of the company’s stock.
In related news, Director Charles E. Bunch purchased 2,000 shares of ConocoPhillips stock in a transaction dated Monday, December 11th. The stock was purchased at an average cost of $52.06 per share, with a total value of $104,120.00. Following the transaction, the director now owns 3,429 shares in the company, valued at approximately $178,513.74. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.82% of the company’s stock.
Several equities research analysts have weighed in on the company. Scotiabank reiterated a “buy” rating and issued a $53.00 target price on shares of ConocoPhillips in a report on Friday, September 29th. Zacks Investment Research upgraded ConocoPhillips from a “hold” rating to a “strong-buy” rating and set a $66.00 target price for the company in a report on Wednesday, January 10th. Barclays reiterated an “overweight” rating and issued a $55.00 target price (up from $51.00) on shares of ConocoPhillips in a report on Tuesday, October 10th. Royal Bank of Canada reiterated a “buy” rating and issued a $54.00 target price on shares of ConocoPhillips in a report on Friday, September 29th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $52.00 target price on shares of ConocoPhillips in a report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $55.47.
ConocoPhillips (COP) opened at $60.05 on Monday. The company has a market capitalization of $71,790.00, a price-to-earnings ratio of -30.18, a PEG ratio of 2.79 and a beta of 1.26. 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 1 year low of $42.26 and a 1 year high of $60.24.
ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, October 26th. The energy producer reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.08. The firm had revenue of $7.20 billion during the quarter, compared to analyst estimates 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 in the previous year, the company posted ($0.66) EPS. research analysts anticipate that ConocoPhillips will post 0.57 earnings per share for the current year.
ConocoPhillips Company Profile
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.