Trading Report: Today, Capital Advisors Inc. OK Reduced the position of ConocoPhillips (COP)

Today, Capital Advisors Inc. OK Reduced the position of ConocoPhillips (COP)

Capital Advisors Inc. OK cut its stake in shares of ConocoPhillips (NYSE:COP) by 0.1% during the third quarter, Holdings Channel reports. The firm owned 45,416 shares of the company’s stock after selling 35 shares during the period. Capital Advisors Inc. OK’s holdings in ConocoPhillips were worth $1,974,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of COP. Pinkerton Retirement Specialists LLC boosted its stake in shares of ConocoPhillips by 5,507.0% in the second quarter. Pinkerton Retirement Specialists LLC now owns 2,411 shares of the company’s stock worth $105,000 after buying an additional 2,368 shares during the last quarter. Integrated Investment Consultants LLC boosted its stake in shares of ConocoPhillips by 25.0% in the second quarter. Integrated Investment Consultants LLC now owns 2,543 shares of the company’s stock worth $111,000 after buying an additional 509 shares during the last quarter. Signaturefd LLC boosted its stake in shares of ConocoPhillips by 16.9% in the second quarter. Signaturefd LLC now owns 2,648 shares of the company’s stock worth $115,000 after buying an additional 383 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of ConocoPhillips by 100.0% in the second quarter. Quadrant Capital Group LLC now owns 2,742 shares of the company’s stock worth $109,000 after buying an additional 1,371 shares during the last quarter. Finally, Cribstone Capital Management LLC purchased a new stake in shares of ConocoPhillips during the second quarter worth about $122,000. Institutional investors own 64.69% of the company’s stock.

Shares of ConocoPhillips (NYSE:COP) traded up 0.50% on Thursday, hitting $46.30. The stock had a trading volume of 5,199,668 shares. The firm has a 50 day moving average price of $43.59 and a 200-day moving average price of $42.77. ConocoPhillips has a 52 week low of $31.05 and a 52 week high of $54.75. The company’s market cap is $57.37 billion.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, October 27th. The company reported ($0.66) earnings per share for the quarter, topping the Thomson Reuters’ 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 quarter last year, the firm posted ($0.38) EPS. Analysts anticipate that ConocoPhillips will post ($2.83) EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, October 17th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Thursday, October 13th. ConocoPhillips’s payout ratio is presently -17.67%.

COP has been the subject of a number of research reports. Deutsche Bank AG reiterated a “buy” rating on shares of ConocoPhillips in a report on Sunday, July 31st. Simmons restated a “neutral” rating on shares of ConocoPhillips in a report on Thursday, August 11th. Credit Suisse Group AG restated a “neutral” rating on shares of ConocoPhillips in a report on Tuesday, September 6th. Jefferies Group upgraded ConocoPhillips from an “underperform” rating to a “hold” rating and upped their price target for the stock from $30.00 to $40.00 in a report on Wednesday, September 7th. They noted that the move was a valuation call. Finally, Vetr cut ConocoPhillips from a “hold” rating to a “sell” rating and set a $40.39 price target for the company. in a report on Thursday, September 8th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $50.87.

About ConocoPhillips

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.

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