Juncture Wealth Strategies LLC cut its stake in shares of ConocoPhillips (NYSE:COP) by 8.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,000 shares of the energy producer’s stock after selling 1,100 shares during the quarter. Juncture Wealth Strategies LLC’s holdings in ConocoPhillips were worth $601,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in the stock. Financial Management Professionals Inc. grew its holdings in ConocoPhillips by 0.3% during the 2nd quarter. Financial Management Professionals Inc. now owns 2,294 shares of the energy producer’s stock worth $100,000 after acquiring an additional 6 shares during the last quarter. First Command Bank boosted its stake in shares of ConocoPhillips by 9.4% in the 2nd quarter. First Command Bank now owns 2,313 shares of the energy producer’s stock valued at $101,000 after purchasing an additional 199 shares during the last quarter. Krilogy Financial LLC boosted its stake in shares of ConocoPhillips by 48.6% in the 2nd quarter. Krilogy Financial LLC now owns 2,392 shares of the energy producer’s stock valued at $105,000 after purchasing an additional 782 shares during the last quarter. Westside Investment Management Inc. lifted its position in shares of ConocoPhillips by 468.4% during the 1st quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer’s stock valued at $119,000 after acquiring an additional 2,000 shares during the period. Finally, Massey Quick & Co. LLC acquired a new position in shares of ConocoPhillips during the 1st quarter valued at $123,000. 69.87% of the stock is currently owned by institutional investors.
ConocoPhillips (NYSE:COP) traded down $0.85 during trading hours on Thursday, reaching $50.38. The company had a trading volume of 4,437,200 shares, compared to its average volume of 7,129,374. ConocoPhillips has a one year low of $42.26 and a one year high of $54.22. The stock has a market cap of $61,246.29, a price-to-earnings ratio of 2,561.50, a PEG ratio of 12.58 and a beta of 1.26. The company has a quick ratio of 2.23, a current ratio of 2.38 and a debt-to-equity ratio of 0.64.
ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, October 26th. The energy producer reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.08. ConocoPhillips had a positive return on equity of 0.12% and a negative net margin of 7.32%. The business had revenue of $7.20 billion for the quarter, compared to analyst estimates of $6.55 billion. During the same quarter last year, the firm posted ($0.66) earnings per share. analysts anticipate that ConocoPhillips will post 0.54 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, October 16th were paid a $0.265 dividend. The ex-dividend date of this dividend was Friday, October 13th. This represents a $1.06 dividend on an annualized basis and a yield of 2.10%. ConocoPhillips’s payout ratio is -57.30%.
Several research analysts have weighed in on the stock. Royal Bank Of Canada restated a “buy” rating and set a $54.00 price objective on shares of ConocoPhillips in a report on Friday, September 29th. Scotiabank reiterated a “buy” rating and issued a $53.00 target price on shares of ConocoPhillips in a report on Friday, September 29th. Jefferies Group set a $54.00 price target on shares of ConocoPhillips and gave the company a “buy” rating in a research report on Tuesday, August 29th. Piper Jaffray Companies set a $45.00 target price on shares of ConocoPhillips and gave the stock a “buy” rating in a research report on Friday, August 25th. Finally, Morgan Stanley increased their target price on shares of ConocoPhillips from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. ConocoPhillips presently has a consensus rating of “Buy” and a consensus target price of $55.59.
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ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through five segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.
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