Todays Report: Today, Raymond James Trust N.A. sells partial stakes of ConocoPhillips (COP)

Today, Raymond James Trust N.A. sells partial stakes of ConocoPhillips (COP)

Raymond James Trust N.A. reduced its position in shares of ConocoPhillips (NYSE:COP) by 0.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 37,329 shares of the company’s stock after selling 306 shares during the period. Raymond James Trust N.A.’s holdings in ConocoPhillips were worth $1,623,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. 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. Integrated Investment Consultants LLC boosted its position in 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 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. 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. Finally, Cribstone Capital Management LLC bought a new position in ConocoPhillips during the second quarter worth $122,000. Hedge funds and other institutional investors own 63.51% of the company’s stock.

Shares of ConocoPhillips (NYSE:COP) traded down 0.55% during midday trading on Monday, reaching $45.50. 9,429,488 shares of the company’s stock traded hands. The company’s market capitalization is $56.38 billion. The company has a 50-day moving average of $43.65 and a 200-day moving average of $42.81. ConocoPhillips has a one year low of $31.05 and a one year high of $54.75.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, October 27th. The company reported ($0.66) earnings per share for the quarter, beating the 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 quarter in the prior year, the company earned ($0.38) EPS. Equities research analysts anticipate that ConocoPhillips will post ($2.83) EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders 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 yield of 2.16%. The ex-dividend date of this dividend is Thursday, October 13th. ConocoPhillips’s dividend payout ratio is currently -17.67%.

A number of analysts recently commented on COP shares. CLSA cut shares of ConocoPhillips from an “outperform” rating to an “underperform” rating in a research note on Tuesday, November 15th. RBC Capital Markets restated an “outperform” rating and set a $53.00 price target (up from $52.00) on shares of ConocoPhillips in a research note on Monday, October 31st. Clsa Americas cut shares of ConocoPhillips from an “outperform” rating to an “underperform” rating in a research note on Monday, November 14th. Vetr upgraded shares of ConocoPhillips from a “sell” rating to a “hold” rating and set a $42.73 price target on the stock in a research note on Monday, September 12th. Finally, Simmons restated a “neutral” rating on shares of ConocoPhillips in a research note on Thursday, August 11th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. ConocoPhillips has an average rating of “Hold” and an average target price 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.

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