Bank of The Ozarks lowered its position in ConocoPhillips (NYSE:COP) by 2.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,883 shares of the company’s stock after selling 577 shares during the period. Bank of The Ozarks’ holdings in ConocoPhillips were worth $864,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Klingenstein Fields & Co. LLC increased its position in ConocoPhillips by 1.1% in the third quarter. Klingenstein Fields & Co. LLC now owns 218,457 shares of the company’s stock worth $9,496,000 after buying an additional 2,470 shares during the last quarter. Investment Partners Ltd. OH ADV bought a new position in shares of ConocoPhillips during the third quarter valued at approximately $275,000. Markston International LLC boosted its position in shares of ConocoPhillips by 3.0% in the third quarter. Markston International LLC now owns 141,747 shares of the company’s stock valued at $6,162,000 after buying an additional 4,082 shares during the period. Arizona State Retirement System boosted its position in shares of ConocoPhillips by 0.4% in the third quarter. Arizona State Retirement System now owns 304,980 shares of the company’s stock valued at $13,257,000 after buying an additional 1,200 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of ConocoPhillips by 3.6% in the third quarter. First Trust Advisors LP now owns 960,500 shares of the company’s stock valued at $41,753,000 after buying an additional 33,640 shares during the period. Institutional investors and hedge funds own 64.69% of the company’s stock.
ConocoPhillips (NYSE:COP) traded up 0.50% during midday trading on Thursday, hitting $46.30. The company had a trading volume of 5,199,668 shares. The firm’s 50 day moving average is $43.59 and its 200-day moving average is $42.77. ConocoPhillips has a 52 week low of $31.05 and a 52 week high of $54.75. The firm’s market capitalization is $57.37 billion.
ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, October 27th. The company reported ($0.66) EPS for the quarter, beating the consensus estimate of ($0.69) by $0.03. ConocoPhillips had a negative return on equity of 10.68% and a negative net margin of 29.45%. During the same period in the prior year, the business earned ($0.38) EPS. On average, equities research analysts expect that ConocoPhillips will post ($2.83) EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, October 17th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, October 13th. This represents a $1.00 annualized dividend and a dividend yield of 2.16%. ConocoPhillips’s dividend payout ratio is currently -17.67%.
Several research analysts recently commented on the company. Vetr cut ConocoPhillips from a “strong-buy” rating to a “buy” rating and set a $50.41 price target for the company. in a research report on Monday. CLSA cut ConocoPhillips from an “outperform” rating to an “underperform” rating in a research report on Tuesday, November 15th. Clsa Americas cut ConocoPhillips from an “outperform” rating to an “underperform” rating in a research report on Monday, November 14th. Royal Bank Of Canada raised their price objective on ConocoPhillips from $52.00 to $53.00 and gave the company an “outperform” rating in a research report on Monday, October 31st. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $60.00 price objective on shares of ConocoPhillips in a research report on Monday, October 10th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company. ConocoPhillips presently has a consensus rating of “Hold” and a consensus target price of $50.87.
ConocoPhillips (ConocoPhillips) is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas and liquefied natural gas (LNG). The Company operates through six operating segments, which are primarily defined by geographic region: Alaska; Lower 48; Canada; Europe and North Africa; Asia Pacific and Middle East, and Other International.