ConocoPhillips (COP) Shares Bought by Trust Department MB Financial Bank N A
Trust Department MB Financial Bank N A boosted its holdings in ConocoPhillips (NYSE:COP) by 2.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 243,336 shares of the energy producer’s stock after buying an additional 5,425 shares during the period. ConocoPhillips accounts for approximately 1.2% of Trust Department MB Financial Bank N A’s holdings, making the stock its 23rd largest holding. Trust Department MB Financial Bank N A’s holdings in ConocoPhillips were worth $10,697,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of COP. First Foundation Advisors acquired a new position in shares of ConocoPhillips in the 1st quarter valued at about $497,000. FMR LLC lifted its stake in shares of ConocoPhillips by 6.9% in the 1st quarter. FMR LLC now owns 61,497,903 shares of the energy producer’s stock valued at $3,066,900,000 after purchasing an additional 3,982,002 shares in the last quarter. Citizens Financial Group Inc. RI lifted its stake in shares of ConocoPhillips by 12.5% in the 1st quarter. Citizens Financial Group Inc. RI now owns 210,916 shares of the energy producer’s stock valued at $10,518,000 after purchasing an additional 23,434 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of ConocoPhillips by 2.2% in the 1st quarter. Principal Financial Group Inc. now owns 1,761,900 shares of the energy producer’s stock valued at $87,866,000 after purchasing an additional 38,271 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its stake in shares of ConocoPhillips by 21.2% in the 1st quarter. UBS Asset Management Americas Inc. now owns 4,174,799 shares of the energy producer’s stock valued at $208,197,000 after purchasing an additional 730,325 shares in the last quarter. 68.90% of the stock is currently owned by hedge funds and other institutional investors.
COP has been the topic of several research analyst reports. BidaskClub raised ConocoPhillips from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $62.00 price objective on shares of ConocoPhillips in a research note on Thursday, June 15th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $52.00 price objective on shares of ConocoPhillips in a research note on Thursday, June 22nd. Scotiabank set a $54.00 price objective on ConocoPhillips and gave the company a “buy” rating in a research note on Saturday, July 1st. Finally, Sanford C. Bernstein lowered ConocoPhillips from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $63.00 to $42.00 in a research note on Thursday, July 6th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $54.19.
Shares of ConocoPhillips (NYSE COP) traded up 0.80% during midday trading on Friday, hitting $49.08. The stock had a trading volume of 7,388,171 shares. The firm has a 50-day moving average of $44.59 and a 200 day moving average of $45.61. ConocoPhillips has a 12-month low of $39.00 and a 12-month high of $53.17. The firm’s market cap is $59.73 billion. ConocoPhillips also was the target of unusually large options trading on Wednesday. Stock investors purchased 13,607 put options on the company. This is an increase of 309% compared to the average daily volume of 3,327 put options.
ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, July 27th. The energy producer reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.16. ConocoPhillips had a negative return on equity of 2.86% and a negative net margin of 12.29%. The business had revenue of $8.88 billion during the quarter, compared to analysts’ expectations of $6.74 billion. During the same period in the prior year, the firm posted ($0.79) EPS. On average, analysts expect that ConocoPhillips will post $0.27 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, July 24th were issued a $0.265 dividend. The ex-dividend date was Thursday, July 20th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.16%. ConocoPhillips’s payout ratio is presently -34.98%.
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ConocoPhillips Company Profile
ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through five segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.
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