ConocoPhillips (COP) Holdings Reduced by Rathbone Brothers plc
Rathbone Brothers plc lowered its holdings in ConocoPhillips (NYSE:COP) by 25.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,651 shares of the energy producer’s stock after selling 11,770 shares during the quarter. Rathbone Brothers plc’s holdings in ConocoPhillips were worth $1,734,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Financial Management Professionals Inc. boosted its stake in ConocoPhillips by 0.3% in the second quarter. Financial Management Professionals Inc. now owns 2,294 shares of the energy producer’s stock worth $100,000 after purchasing an additional 6 shares in the last quarter. First Command Bank lifted its stake in shares of ConocoPhillips by 9.4% during the second quarter. First Command Bank now owns 2,313 shares of the energy producer’s stock valued at $101,000 after acquiring an additional 199 shares during the period. Krilogy Financial LLC lifted its stake in shares of ConocoPhillips by 48.6% during the second quarter. Krilogy Financial LLC now owns 2,392 shares of the energy producer’s stock valued at $105,000 after acquiring an additional 782 shares during the period. Westside Investment Management Inc. lifted its stake in shares of ConocoPhillips by 468.4% during the first quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer’s stock valued at $119,000 after acquiring an additional 2,000 shares during the period. Finally, Massey Quick & Co. LLC acquired a new position in shares of ConocoPhillips during the first quarter valued at $123,000. 69.87% of the stock is currently owned by institutional investors.
Shares of ConocoPhillips (NYSE COP) opened at $51.96 on Wednesday. ConocoPhillips has a fifty-two week low of $42.26 and a fifty-two week high of $54.22. The stock has a market capitalization of $61,796.22, a PE ratio of 2,584.50, a price-to-earnings-growth ratio of 12.70 and a beta of 1.26. The company has a quick ratio of 2.23, a current ratio of 2.38 and a debt-to-equity ratio of 0.64.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, October 16th were issued a $0.265 dividend. The ex-dividend date was Friday, October 13th. This represents a $1.06 annualized dividend and a dividend yield of 2.04%. ConocoPhillips’s dividend payout ratio (DPR) is currently -57.30%.
Several equities analysts have recently issued reports on the company. Credit Suisse Group assumed coverage on ConocoPhillips in a research note on Monday. They set a “neutral” rating and a $50.00 price target on the stock. Barclays reaffirmed an “overweight” rating and set a $55.00 price target (up previously from $51.00) on shares of ConocoPhillips in a research note on Tuesday, October 10th. BidaskClub lowered ConocoPhillips from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $53.00 price target on shares of ConocoPhillips in a research note on Friday, November 3rd. Finally, Wells Fargo & Company upped their price target on ConocoPhillips from $57.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. ConocoPhillips has an average rating of “Buy” and a consensus target price of $55.00.
In other ConocoPhillips news, Director Charles E. Bunch purchased 2,000 shares of the stock in a transaction on Monday, December 11th. The stock was bought at an average cost of $52.06 per share, for a total transaction of $104,120.00. Following the completion of the acquisition, the director now directly owns 3,429 shares of the company’s stock, valued at $178,513.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.82% of the stock is owned by corporate insiders.
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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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