Nippon Life Global Investors Americas Inc. Has $6,071,000 Position in ConocoPhillips (COP)
Nippon Life Global Investors Americas Inc. increased its position in shares of ConocoPhillips (NYSE:COP) by 102.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 139,650 shares of the company’s stock after buying an additional 70,580 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in ConocoPhillips were worth $6,071,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Pinkerton Retirement Specialists LLC increased 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 last quarter. Smith Asset Management Group LP increased its stake in shares of ConocoPhillips by 6.0% in the third quarter. Smith Asset Management Group LP now owns 2,470 shares of the company’s stock valued at $107,000 after buying an additional 140 shares during the last quarter. Quadrant Capital Group LLC increased 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 last quarter. Integrated Investment Consultants LLC increased its stake in shares of ConocoPhillips by 2.0% in the third quarter. Integrated Investment Consultants LLC now owns 2,594 shares of the company’s stock valued at $109,000 after buying an additional 51 shares during the last quarter. Finally, Signaturefd LLC increased 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 last quarter. 63.51% of the stock is currently owned by institutional investors and hedge funds.
Shares of ConocoPhillips (NYSE:COP) traded down 2.92% during midday trading on Tuesday, hitting $44.17. The company had a trading volume of 8,041,133 shares. The stock’s market capitalization is $54.73 billion. ConocoPhillips has a one year low of $31.05 and a one year high of $54.75. The stock’s 50-day moving average price is $43.65 and its 200-day moving average price is $42.81.
ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, October 27th. The company reported ($0.66) earnings per share (EPS) for the quarter, beating the consensus estimate 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 earned ($0.38) earnings per share. Analysts predict that ConocoPhillips will post ($2.83) EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders 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 yield of 2.16%. The ex-dividend date of this dividend is Thursday, October 13th. ConocoPhillips’s payout ratio is presently -17.67%.
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COP has been the subject of a number of research reports. Jefferies Group raised their price objective on ConocoPhillips to $46.00 and gave the stock a “hold” rating in a research report on Monday, November 14th. Vetr upgraded ConocoPhillips from a “buy” rating to a “strong-buy” rating and set a $50.61 price objective for the company in a research report on Tuesday, November 8th. CLSA downgraded ConocoPhillips from an “outperform” rating to an “underperform” rating in a research report on Tuesday, November 15th. RBC Capital Markets reiterated an “outperform” rating and issued a $53.00 price objective (up previously from $52.00) on shares of ConocoPhillips in a research report on Monday, October 31st. Finally, Credit Suisse Group AG reiterated a “neutral” rating on shares of ConocoPhillips in a research report on Tuesday, September 6th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price 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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