Kistler Tiffany Companies LLC lessened its stake in shares of ConocoPhillips (NYSE:COP) by 8.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,388 shares of the energy producer’s stock after selling 321 shares during the period. Kistler Tiffany Companies LLC’s holdings in ConocoPhillips were worth $149,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Command Bank raised its position in shares of ConocoPhillips by 9.4% during the 2nd quarter. First Command Bank now owns 2,313 shares of the energy producer’s stock worth $101,000 after purchasing an additional 199 shares during the last quarter. Westside Investment Management Inc. raised its position in shares of ConocoPhillips by 468.4% during the 1st quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer’s stock worth $119,000 after purchasing an additional 2,000 shares during the last quarter. Advantage Investment Management LLC raised its position in shares of ConocoPhillips by 65.3% during the 1st quarter. Advantage Investment Management LLC now owns 2,425 shares of the energy producer’s stock worth $121,000 after purchasing an additional 958 shares during the last quarter. Reilly Financial Advisors LLC raised its position in shares of ConocoPhillips by 20.5% during the 2nd quarter. Reilly Financial Advisors LLC now owns 2,758 shares of the energy producer’s stock worth $121,000 after purchasing an additional 470 shares during the last quarter. Finally, Massey Quick & Co. LLC acquired a new position in shares of ConocoPhillips during the 1st quarter worth about $123,000. Hedge funds and other institutional investors own 68.90% of the company’s stock.

A number of research firms have commented on COP. Royal Bank Of Canada set a $54.00 price objective on shares of ConocoPhillips and gave the company a “buy” rating in a report on Thursday, August 24th. Citigroup Inc. cut their price objective on shares of ConocoPhillips from $65.00 to $57.00 and set a “buy” rating for the company in a report on Friday, July 21st. Jefferies Group LLC set a $59.00 price objective on shares of ConocoPhillips and gave the company a “buy” rating in a report on Sunday, July 30th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $52.00 price objective on shares of ConocoPhillips in a report on Thursday, June 22nd. Finally, Bank of America Corporation upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and increased their price objective for the company from $51.00 to $58.00 in a report on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. ConocoPhillips currently has a consensus rating of “Buy” and a consensus target price of $54.19.

ConocoPhillips (NYSE COP) opened at 50.22 on Thursday. The company’s 50 day moving average is $44.59 and its 200-day moving average is $45.61. The stock’s market cap is $61.12 billion. ConocoPhillips has a 52-week low of $39.00 and a 52-week high of $53.17.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, July 27th. The energy producer reported $0.14 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.16. ConocoPhillips had a negative net margin of 12.29% and a negative return on equity of 2.86%. The firm had revenue of $8.88 billion during the quarter, compared to analyst estimates of $6.74 billion. During the same quarter in the prior year, the business posted ($0.79) earnings per share. On average, equities analysts anticipate that ConocoPhillips will post $0.27 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, July 24th were given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 2.13%. The ex-dividend date was Thursday, July 20th. ConocoPhillips’s dividend payout ratio (DPR) is -34.98%.

COPYRIGHT VIOLATION WARNING: “ConocoPhillips (COP) Shares Sold by Kistler Tiffany Companies LLC” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/09/28/conocophillips-cop-shares-sold-by-kistler-tiffany-companies-llc.html.

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.

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

Receive News & Stock Ratings for ConocoPhillips Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ConocoPhillips and related stocks with our FREE daily email newsletter.