Valeo Financial Advisors LLC acquired a new stake in shares of ConocoPhillips (NYSE:COP) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,844 shares of the energy producer’s stock, valued at approximately $142,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Heritage Investors Management Corp lifted its holdings in shares of ConocoPhillips by 6.1% during the 2nd quarter. Heritage Investors Management Corp now owns 200,115 shares of the energy producer’s stock valued at $8,797,000 after acquiring an additional 11,578 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of ConocoPhillips by 12.5% during the 2nd quarter. Private Trust Co. NA now owns 15,374 shares of the energy producer’s stock valued at $675,000 after acquiring an additional 1,713 shares in the last quarter. Fulton Bank N.A. lifted its holdings in shares of ConocoPhillips by 18.9% during the 2nd quarter. Fulton Bank N.A. now owns 17,043 shares of the energy producer’s stock valued at $749,000 after acquiring an additional 2,714 shares in the last quarter. Smith Shellnut Wilson LLC ADV lifted its holdings in shares of ConocoPhillips by 8.0% during the 2nd quarter. Smith Shellnut Wilson LLC ADV now owns 5,593 shares of the energy producer’s stock valued at $244,000 after acquiring an additional 416 shares in the last quarter. Finally, M. Kraus & Co lifted its holdings in shares of ConocoPhillips by 2.2% during the 2nd quarter. M. Kraus & Co now owns 58,708 shares of the energy producer’s stock valued at $2,581,000 after acquiring an additional 1,291 shares in the last quarter. 69.73% of the stock is owned by institutional investors.

Several equities analysts recently weighed in on COP shares. Barclays lifted their target price on shares of ConocoPhillips from $55.00 to $59.00 and gave the company an “overweight” rating in a report on Friday, October 27th. Royal Bank of Canada lifted their target price on shares of ConocoPhillips from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, November 9th. Zacks Investment Research lowered shares of ConocoPhillips from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Scotiabank restated a “buy” rating and set a $53.00 target price on shares of ConocoPhillips in a report on Wednesday, November 1st. Finally, Goldman Sachs Group upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $55.47.

ConocoPhillips (COP) opened at $59.86 on Thursday. ConocoPhillips has a 1-year low of $42.26 and a 1-year high of $60.24. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.38 and a quick ratio of 2.23. The company has a market cap of $71,560.00, a price-to-earnings ratio of -30.08, a price-to-earnings-growth ratio of 2.68 and a beta of 1.26.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, October 26th. The energy producer reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.08. The firm had revenue of $7.20 billion for the quarter, compared to analyst estimates of $6.55 billion. ConocoPhillips had a negative net margin of 7.32% and a positive return on equity of 0.12%. During the same quarter in the previous year, the business posted ($0.66) EPS. equities analysts expect that ConocoPhillips will post 0.57 earnings per share for the current fiscal year.

In related news, Director Charles E. Bunch bought 2,000 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were acquired at an average price of $52.06 per share, for a total transaction of $104,120.00. Following the purchase, the director now owns 3,429 shares in the company, valued at approximately $178,513.74. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.82% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This news story was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2018/01/18/2844-shares-in-conocophillips-cop-acquired-by-valeo-financial-advisors-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.