TD Asset Management Inc. Has $54,695,000 Stake in ConocoPhillips (COP)
TD Asset Management Inc. decreased its position in ConocoPhillips (NYSE:COP) by 1.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,258,233 shares of the company’s stock after selling 14,619 shares during the period. TD Asset Management Inc. owned about 0.10% of ConocoPhillips worth $54,695,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the company. Pinkerton Retirement Specialists LLC raised its position in 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 in the last quarter. Smith Asset Management Group LP raised its position in 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 in the last quarter. Quadrant Capital Group LLC raised its position in 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 in the last quarter. Integrated Investment Consultants LLC raised its position in 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 in the last quarter. Finally, Signaturefd LLC raised its position in 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 in the last quarter. 63.51% of the stock is owned by institutional investors and hedge funds.
Shares of ConocoPhillips (NYSE:COP) opened at 44.2054 on Tuesday. 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 52 week low of $31.05 and a 52 week high of $54.75. The company’s market capitalization is $54.77 billion.
ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, October 27th. The company reported ($0.66) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.69) by $0.03. ConocoPhillips had a negative net margin of 29.45% and a negative return on equity of 10.68%. During the same quarter in the previous year, the company posted ($0.38) EPS. On average, equities research analysts expect that ConocoPhillips will post ($2.83) earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, October 17th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, October 13th. This represents a $1.00 annualized dividend and a dividend yield of 2.16%. ConocoPhillips’s dividend payout ratio is currently -17.67%.
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Several research analysts have weighed in on COP shares. Simmons reiterated a “neutral” rating on shares of ConocoPhillips in a report on Thursday, August 11th. Credit Suisse Group AG reiterated a “neutral” rating on shares of ConocoPhillips in a report on Tuesday, September 6th. Jefferies Group upgraded ConocoPhillips from an “underperform” rating to a “hold” rating and lifted their target price for the stock from $30.00 to $40.00 in a report on Wednesday, September 7th. They noted that the move was a valuation call. Vetr lowered ConocoPhillips from a “hold” rating to a “sell” rating and set a $40.39 target price on the stock. in a report on Thursday, September 8th. Finally, JPMorgan Chase & Co. upgraded ConocoPhillips from a “neutral” rating to an “overweight” rating and set a $51.00 target price on the stock in a report on Monday, September 12th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. ConocoPhillips has an average rating of “Hold” and an average target price of $51.73.
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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