ConocoPhillips (COP) Shares Sold by Daiwa SB Investments Ltd.
Daiwa SB Investments Ltd. decreased its stake in shares of ConocoPhillips (NYSE:COP) by 1.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 214,940 shares of the company’s stock after selling 3,900 shares during the period. ConocoPhillips accounts for approximately 2.4% of Daiwa SB Investments Ltd.’s portfolio, making the stock its 13th largest position. Daiwa SB Investments Ltd.’s holdings in ConocoPhillips were worth $9,343,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in COP. Pinkerton Retirement Specialists LLC raised its stake in shares of ConocoPhillips by 5,507.0% in the second quarter. Pinkerton Retirement Specialists LLC now owns 2,411 shares of the company’s stock valued at $105,000 after buying an additional 2,368 shares during the period. Quadrant Capital Group LLC raised its stake in shares of ConocoPhillips by 100.0% in the second quarter. Quadrant Capital Group LLC now owns 2,742 shares of the company’s stock valued at $109,000 after buying an additional 1,371 shares during the period. Integrated Investment Consultants LLC raised its stake in shares of ConocoPhillips by 25.0% in the second quarter. Integrated Investment Consultants LLC now owns 2,543 shares of the company’s stock valued at $111,000 after buying an additional 509 shares during the period. Signaturefd LLC raised its stake in shares of ConocoPhillips by 16.9% in the second quarter. Signaturefd LLC now owns 2,648 shares of the company’s stock valued at $115,000 after buying an additional 383 shares during the period. Finally, Cribstone Capital Management LLC purchased a new stake in shares of ConocoPhillips during the second quarter valued at $122,000. 63.51% of the stock is owned by hedge funds and other institutional investors.
ConocoPhillips (NYSE:COP) traded down 3.000% during trading on Tuesday, hitting $44.135. The stock had a trading volume of 5,561,616 shares. The stock’s market cap is $54.68 billion. The stock has a 50 day moving average price of $43.65 and a 200-day moving average price of $42.81. ConocoPhillips has a 12 month low of $31.05 and a 12 month high of $54.75.
ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, October 27th. The company reported ($0.66) EPS for the quarter, beating 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 quarter last year, the firm earned ($0.38) earnings per share. On average, equities analysts predict that ConocoPhillips will post ($2.83) EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, October 17th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Thursday, October 13th. ConocoPhillips’s payout ratio is presently -17.67%.
Several equities research analysts recently weighed in on COP shares. Zacks Investment Research lowered ConocoPhillips from a “hold” rating to a “sell” rating in a report on Monday, October 24th. Barclays PLC reissued an “overweight” rating and issued a $60.00 price objective on shares of ConocoPhillips in a report on Monday, October 10th. Nomura restated a “hold” rating and issued a $49.00 target price on shares of ConocoPhillips in a research note on Monday, October 3rd. Edward Jones upgraded ConocoPhillips from a “hold” rating to a “buy” rating in a research note on Monday, November 7th. Finally, Wolfe Research upgraded ConocoPhillips from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a research note on Monday, October 24th. Five investment analysts have rated the stock with a sell rating, seven have assigned 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 a consensus 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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