Alps Advisors Inc. boosted its stake in shares of ConocoPhillips (NYSE:COP) by 23.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 731,704 shares of the company’s stock after buying an additional 140,687 shares during the period. Alps Advisors Inc.’s holdings in ConocoPhillips were worth $31,807,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its position in shares of ConocoPhillips by 61.3% in the second quarter. FMR LLC now owns 41,549,843 shares of the company’s stock worth $1,811,573,000 after buying an additional 15,793,307 shares during the period. Vanguard Group Inc. boosted its position in shares of ConocoPhillips by 2.4% in the second quarter. Vanguard Group Inc. now owns 81,195,111 shares of the company’s stock worth $3,540,106,000 after buying an additional 1,937,880 shares during the period. Ameriprise Financial Inc. boosted its position in shares of ConocoPhillips by 16.6% in the second quarter. Ameriprise Financial Inc. now owns 12,097,088 shares of the company’s stock worth $527,432,000 after buying an additional 1,718,788 shares during the period. AXA boosted its position in shares of ConocoPhillips by 251.5% in the second quarter. AXA now owns 2,219,021 shares of the company’s stock worth $96,749,000 after buying an additional 1,587,753 shares during the period. Finally, Rockefeller Financial Services Inc. boosted its position in shares of ConocoPhillips by 8,313.3% in the second quarter. Rockefeller Financial Services Inc. now owns 1,393,578 shares of the company’s stock worth $60,760,000 after buying an additional 1,377,014 shares during the period. Institutional investors and hedge funds own 63.51% of the company’s stock.
ConocoPhillips (NYSE:COP) traded up 0.98% during mid-day trading on Monday, reaching $46.20. The company had a trading volume of 6,394,553 shares. The stock has a 50-day moving average of $43.61 and a 200 day moving average of $42.80. The company’s market capitalization is $57.24 billion. 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, topping 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 firm earned ($0.38) earnings per share. On average, analysts expect that ConocoPhillips will post ($2.83) EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, October 17th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Thursday, October 13th. ConocoPhillips’s dividend payout ratio (DPR) is presently -17.67%.
A number of equities analysts have issued reports on the company. CLSA cut ConocoPhillips from an “outperform” rating to an “underperform” rating in a report on Tuesday, November 15th. RBC Capital Markets restated an “outperform” rating and set a $53.00 target price (up previously from $52.00) on shares of ConocoPhillips in a report on Monday, October 31st. Clsa Americas cut ConocoPhillips from an “outperform” rating to an “underperform” rating in a report on Monday, November 14th. Vetr raised ConocoPhillips from a “sell” rating to a “hold” rating and set a $42.73 price target on the stock in a research report on Monday, September 12th. Finally, Simmons reaffirmed 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, seven have assigned a hold rating and fifteen have given a buy rating to the stock. ConocoPhillips currently has an average rating of “Hold” and an average price target of $51.67.
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.