ConocoPhillips (COP) Shares Bought by Barrett Asset Management LLC
Barrett Asset Management LLC raised its position in shares of ConocoPhillips (NYSE:COP) by 0.7% during the third quarter, according to its most recent filing with the SEC. The fund owned 91,123 shares of the company’s stock after buying an additional 638 shares during the period. Barrett Asset Management LLC’s holdings in ConocoPhillips were worth $3,961,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of COP. A.R.T. Advisors LLC acquired a new stake in ConocoPhillips during the first quarter worth $1,084,000. Integrated Investment Consultants LLC boosted its stake in ConocoPhillips by 25.0% in the second quarter. Integrated Investment Consultants LLC now owns 2,543 shares of the company’s stock worth $111,000 after buying an additional 509 shares during the period. Stock Yards Bank & Trust Co. boosted its stake in ConocoPhillips by 150.6% in the second quarter. Stock Yards Bank & Trust Co. now owns 41,061 shares of the company’s stock worth $1,790,000 after buying an additional 24,678 shares during the period. Baxter Bros Inc. acquired a new stake in ConocoPhillips during the second quarter worth $1,171,000. Finally, Raymond James Trust N.A. boosted its stake in ConocoPhillips by 0.5% in the second quarter. Raymond James Trust N.A. now owns 37,635 shares of the company’s stock worth $1,640,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 63.51% of the company’s stock.
ConocoPhillips (NYSE:COP) traded down 2.79% during midday trading on Tuesday, reaching $44.23. The company had a trading volume of 9,352,578 shares. The stock’s market capitalization is $54.80 billion. The company has a 50-day moving average price of $43.65 and a 200-day moving average price of $42.81. ConocoPhillips has a one year low of $31.05 and a one year high of $54.75.
ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, October 27th. The company reported ($0.66) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.03. ConocoPhillips had a negative return on equity of 10.68% and a negative net margin of 29.45%. During the same period in the previous year, the company posted ($0.38) earnings per share. On average, equities analysts expect that ConocoPhillips will post ($2.83) earnings per share for the current 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 issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend is Thursday, October 13th. ConocoPhillips’s payout ratio is currently -17.67%.
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COP has been the topic of a number of research reports. Edward Jones raised ConocoPhillips from a “hold” rating to a “buy” rating in a report on Monday, November 7th. Barclays PLC reaffirmed a “buy” rating and issued a $60.00 price objective on shares of ConocoPhillips in a report on Tuesday, November 8th. Citigroup Inc. reaffirmed a “buy” rating on shares of ConocoPhillips in a report on Sunday, November 13th. Vetr lowered ConocoPhillips from a “strong-buy” rating to a “buy” rating and set a $50.41 price objective on the stock. in a report on Tuesday, November 15th. Finally, Goldman Sachs Group Inc. raised ConocoPhillips from a “neutral” rating to a “buy” rating and upped their price objective for the company from $47.00 to $54.00 in a report on Monday. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. ConocoPhillips presently has a consensus rating of “Hold” and an average price target of $51.73.
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.
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