ConocoPhillips (COP) Position Held by Dodge & Cox
Dodge & Cox maintained its position in ConocoPhillips (NYSE:COP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,288 shares of the energy producer’s stock at the end of the second quarter. Dodge & Cox’s holdings in ConocoPhillips were worth $1,112,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of COP. Vanguard Group Inc. lifted its position in shares of ConocoPhillips by 1.9% during the second quarter. Vanguard Group Inc. now owns 90,547,596 shares of the energy producer’s stock worth $3,980,473,000 after purchasing an additional 1,694,618 shares in the last quarter. BlackRock Inc. lifted its position in shares of ConocoPhillips by 7.8% during the second quarter. BlackRock Inc. now owns 85,821,694 shares of the energy producer’s stock worth $3,772,723,000 after purchasing an additional 6,197,896 shares in the last quarter. State Street Corp lifted its position in shares of ConocoPhillips by 3.9% during the first quarter. State Street Corp now owns 65,388,296 shares of the energy producer’s stock worth $3,260,918,000 after purchasing an additional 2,452,533 shares in the last quarter. FMR LLC lifted its position in shares of ConocoPhillips by 6.9% during the first quarter. FMR LLC now owns 61,497,903 shares of the energy producer’s stock worth $3,066,900,000 after purchasing an additional 3,982,002 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its position in shares of ConocoPhillips by 1.1% during the first quarter. Macquarie Group Ltd. now owns 15,981,830 shares of the energy producer’s stock worth $797,013,000 after purchasing an additional 176,055 shares in the last quarter. 70.08% of the stock is currently owned by institutional investors.
Shares of ConocoPhillips (COP) opened at $50.13 on Friday. The firm has a market capitalization of $60,040.00, a P/E ratio of 2,561.50, a PEG ratio of 12.59 and a beta of 1.28. ConocoPhillips has a fifty-two week low of $42.26 and a fifty-two week high of $54.22. The company has a quick ratio of 2.23, a current ratio of 2.38 and a debt-to-equity ratio of 0.64.
ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, October 26th. The energy producer reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.08. The business had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $6.55 billion. ConocoPhillips had a positive return on equity of 0.12% and a negative net margin of 7.32%. During the same period in the prior year, the company earned ($0.66) earnings per share. sell-side analysts predict that ConocoPhillips will post 0.54 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, October 16th will be issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Friday, October 13th. ConocoPhillips’s dividend payout ratio is presently -53.27%.
Several analysts have recently issued reports on the stock. Royal Bank Of Canada set a $54.00 price target on shares of ConocoPhillips and gave the stock a “buy” rating in a research report on Thursday, August 24th. Wells Fargo & Company upped their target price on shares of ConocoPhillips from $57.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Citigroup Inc. cut their target price on shares of ConocoPhillips from $65.00 to $57.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. Piper Jaffray Companies restated a “buy” rating and set a $53.00 target price on shares of ConocoPhillips in a research note on Friday, November 3rd. Finally, Scotiabank restated a “buy” rating and set a $53.00 target price on shares of ConocoPhillips in a research note on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $55.37.
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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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