Flossbach Von Storch AG Has $11,554,000 Stake in ConocoPhillips (COP)
Flossbach Von Storch AG increased its position in ConocoPhillips (NYSE:COP) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 265,000 shares of the company’s stock after buying an additional 1,700 shares during the period. Flossbach Von Storch AG’s holdings in ConocoPhillips were worth $11,554,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the company. MCF Advisors LLC increased its stake in shares of ConocoPhillips by 0.3% in the first quarter. MCF Advisors LLC now owns 3,865 shares of the company’s stock worth $156,000 after buying an additional 12 shares in the last quarter. NEXT Financial Group Inc increased its stake in shares of ConocoPhillips by 0.3% in the second quarter. NEXT Financial Group Inc now owns 17,453 shares of the company’s stock worth $760,000 after buying an additional 53 shares in the last quarter. Cornerstone Advisors Inc. increased its stake in shares of ConocoPhillips by 2.3% in the second quarter. Cornerstone Advisors Inc. now owns 3,517 shares of the company’s stock worth $153,000 after buying an additional 79 shares in the last quarter. Ropes Wealth Advisors LLC increased its stake in shares of ConocoPhillips by 1.5% in the first quarter. Ropes Wealth Advisors LLC now owns 6,072 shares of the company’s stock worth $245,000 after buying an additional 90 shares in the last quarter. Finally, Narwhal Capital Management increased its stake in shares of ConocoPhillips by 0.5% in the second quarter. Narwhal Capital Management now owns 19,745 shares of the company’s stock worth $861,000 after buying an additional 100 shares in the last quarter. 63.70% of the stock is currently owned by institutional investors and hedge funds.
ConocoPhillips (NYSE:COP) traded down 0.67% during trading on Friday, reaching $44.22. The company’s stock had a trading volume of 8,281,676 shares. The company has a 50-day moving average of $41.78 and a 200 day moving average of $42.72. The firm’s market cap is $54.77 billion. ConocoPhillips has a one year low of $31.05 and a one year high of $57.24.
ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, July 28th. The company reported ($0.79) EPS for the quarter, missing the consensus estimate of ($0.61) by $0.18. The firm had revenue of $5.58 billion for the quarter, compared to the consensus estimate of $5.38 billion. ConocoPhillips had a negative net margin of 28.40% and a negative return on equity of 9.26%. The business’s revenue was down 35.6% on a year-over-year basis. During the same period last year, the company posted $0.07 earnings per share. Analysts expect that ConocoPhillips will post ($2.47) EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, October 17th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Thursday, October 13th. ConocoPhillips’s dividend payout ratio (DPR) is -17.57%.
A number of brokerages have recently commented on COP. Nomura reiterated a “hold” rating and issued a $49.00 price target on shares of ConocoPhillips in a research note on Monday. Vetr upgraded ConocoPhillips from a “sell” rating to a “hold” rating and set a $42.73 price target for the company in a research note on Monday, September 12th. JPMorgan Chase & Co. upgraded ConocoPhillips from a “neutral” rating to an “overweight” rating and set a $51.00 price target for the company in a research note on Monday, September 12th. Jefferies Group upgraded ConocoPhillips from an “underperform” rating to a “hold” rating and increased their price target for the company from $30.00 to $40.00 in a research note on Wednesday, September 7th. They noted that the move was a valuation call. Finally, Credit Suisse Group AG reiterated a “neutral” rating on shares of ConocoPhillips in a research note on Tuesday, September 6th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $49.10.
In other news, VP Ellen Desanctis acquired 5,000 shares of the stock in a transaction dated Thursday, August 11th. The stock was purchased at an average cost of $40.50 per share, with a total value of $202,500.00. Following the completion of the purchase, the vice president now owns 22,010 shares in the company, valued at approximately $891,405. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Arjun N. Murti acquired 6,500 shares of the stock in a transaction dated Monday, August 1st. The shares were purchased at an average cost of $39.72 per share, with a total value of $258,180.00. Following the completion of the purchase, the director now owns 19,000 shares of the company’s stock, valued at approximately $754,680. The disclosure for this purchase can be found here. Insiders own 0.07% of the company’s stock.
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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.