Today: Today, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp Buys 36,000 Shares of ConocoPhillips (COP)

Today, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp Buys 36,000 Shares of ConocoPhillips (COP)

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its stake in ConocoPhillips (NYSE:COP) by 87.8% during the third quarter, Holdings Channel reports. The firm owned 77,000 shares of the company’s stock after buying an additional 36,000 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in ConocoPhillips were worth $3,347,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pinkerton Retirement Specialists LLC boosted its position in 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. Quadrant Capital Group LLC boosted its position in 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. Integrated Investment Consultants LLC boosted its position in ConocoPhillips by 2.0% in the third quarter. Integrated Investment Consultants LLC now owns 2,594 shares of the company’s stock worth $109,000 after buying an additional 51 shares during the last quarter. Signaturefd LLC boosted its position in 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. Finally, Cribstone Capital Management LLC purchased a new position in ConocoPhillips during the second quarter worth $122,000. 64.69% of the stock is owned by hedge funds and other institutional investors.

Shares of ConocoPhillips (NYSE:COP) traded down 1.19% during midday trading on Friday, reaching $45.75. 3,494,389 shares of the company traded hands. The stock’s market capitalization is $56.69 billion. The company’s 50 day moving average is $43.61 and its 200-day moving average is $42.80. ConocoPhillips has a 12 month low of $31.05 and a 12 month high of $54.75.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, October 27th. The company reported ($0.66) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.69) by $0.03. ConocoPhillips had a negative net margin of 29.45% and a negative return on equity of 10.68%. During the same period in the previous year, the business posted ($0.38) EPS. Equities research analysts forecast that ConocoPhillips will post ($2.83) earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, October 17th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, October 13th. This represents a $1.00 dividend on an annualized basis and a yield of 2.19%. ConocoPhillips’s payout ratio is -17.67%.

COP has been the topic of several research analyst reports. CLSA lowered shares of ConocoPhillips from an “outperform” rating to an “underperform” rating in a research report on Tuesday, November 15th. RBC Capital Markets reiterated an “outperform” rating and issued a $53.00 target price (up previously from $52.00) on shares of ConocoPhillips in a research report on Monday, October 31st. Clsa Americas lowered shares of ConocoPhillips from an “outperform” rating to an “underperform” rating in a research report on Monday, November 14th. Vetr upgraded shares of ConocoPhillips from a “sell” rating to a “hold” rating and set a $42.73 target price on the stock in a research report on Monday, September 12th. Finally, Simmons reiterated a “neutral” rating on shares of ConocoPhillips in a research report on Thursday, August 11th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company’s stock. ConocoPhillips currently has a consensus rating of “Hold” and a consensus target price of $50.87.

ConocoPhillips Company Profile

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.

Related posts

Leave a Comment