Caprock Group LLC boosted its place in ConocoPhillips (NYSE:COP – Free Report) by 251.1% within the second quarter, in line with the corporate in its most up-to-date 13F submitting with the Securities & Alternate Fee. The institutional investor owned 29,261 shares of the power producer’s inventory after buying a further 20,927 shares in the course of the interval. Caprock Group LLC’s holdings in ConocoPhillips have been price $3,347,000 on the finish of the newest quarter.
Plenty of different institutional buyers and hedge funds have additionally purchased and offered shares of the corporate. Kerusso Capital Administration LLC acquired a brand new stake in shares of ConocoPhillips within the second quarter valued at about $2,565,000. Fiducient Advisors LLC acquired a brand new stake in shares of ConocoPhillips within the second quarter valued at about $300,000. Acadian Asset Administration LLC elevated its stake in shares of ConocoPhillips by 5,787.6% within the second quarter. Acadian Asset Administration LLC now owns 24,728 shares of the power producer’s inventory valued at $2,827,000 after shopping for a further 24,308 shares in the course of the interval. Strategic Monetary Ideas LLC elevated its stake in shares of ConocoPhillips by 3,135.5% within the second quarter. Strategic Monetary Ideas LLC now owns 117,903 shares of the power producer’s inventory valued at $135,000 after shopping for a further 114,259 shares in the course of the interval. Lastly, Norden Group LLC elevated its stake in shares of ConocoPhillips by 9.6% within the second quarter. Norden Group LLC now owns 7,970 shares of the power producer’s inventory valued at $912,000 after shopping for a further 700 shares in the course of the interval. Institutional buyers and hedge funds personal 82.36% of the corporate’s inventory.
Insider Exercise
In different information, Director Timothy A. Leach offered 55,500 shares of the agency’s inventory in a transaction that occurred on Tuesday, August thirteenth. The inventory was offered at a mean worth of $108.11, for a complete worth of $6,000,105.00. Following the transaction, the director now owns 455,909 shares within the firm, valued at $49,288,321.99. The transaction was disclosed in a submitting with the Securities & Alternate Fee, which may be accessed by the SEC web site. Company insiders personal 0.34% of the corporate’s inventory.
ConocoPhillips Inventory Down 1.3 %
Shares of NYSE:COP opened at $106.02 on Monday. ConocoPhillips has a 52-week low of $102.27 and a 52-week excessive of $135.18. The corporate has a debt-to-equity ratio of 0.34, a fast ratio of 1.19 and a present ratio of 1.33. The enterprise’s 50 day easy shifting common is $111.20 and its two-hundred day easy shifting common is $117.02. The agency has a market cap of $123.12 billion, a P/E ratio of 12.01, a PEG ratio of 0.80 and a beta of 1.22.
ConocoPhillips (NYSE:COP – Get Free Report) final posted its earnings outcomes on Thursday, August 1st. The power producer reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.02. ConocoPhillips had a return on fairness of 20.81% and a web margin of 18.18%. The corporate had income of $14.14 billion for the quarter, in comparison with analyst estimates of $14.96 billion. Throughout the identical quarter final yr, the corporate earned $1.84 earnings per share. The corporate’s income for the quarter was up 9.7% on a year-over-year foundation. As a bunch, analysis analysts forecast that ConocoPhillips will publish 8.42 EPS for the present fiscal yr.
ConocoPhillips Cuts Dividend
The enterprise additionally not too long ago introduced a quarterly dividend, which was paid on Tuesday, September third. Stockholders of document on Monday, August twelfth have been issued a $0.58 dividend. The ex-dividend date of this dividend was Monday, August twelfth. This represents a $2.32 dividend on an annualized foundation and a dividend yield of two.19%. ConocoPhillips’s dividend payout ratio is presently 26.27%.
Analyst Rankings Modifications
A number of equities analysis analysts have not too long ago weighed in on COP shares. Financial institution of America reissued a “purchase” score and issued a $147.00 worth goal on shares of ConocoPhillips in a analysis observe on Friday, June 14th. UBS Group raised their goal worth on ConocoPhillips from $151.00 to $153.00 and gave the inventory a “purchase” score in a analysis observe on Tuesday, August twentieth. Mizuho decreased their goal worth on ConocoPhillips from $142.00 to $132.00 and set a “impartial” score for the corporate in a analysis observe on Wednesday, June fifth. Scotiabank decreased their goal worth on ConocoPhillips from $135.00 to $120.00 and set a “sector carry out” score for the corporate in a analysis observe on Friday, July twelfth. Lastly, Wolfe Analysis assumed protection on ConocoPhillips in a analysis observe on Thursday, July 18th. They set an “outperform” score and a $145.00 goal worth for the corporate. 5 funding analysts have rated the inventory with a maintain score, twelve have assigned a purchase score and two have given a powerful purchase score to the corporate’s inventory. Based on knowledge from MarketBeat, the inventory presently has a mean score of “Reasonable Purchase” and a consensus goal worth of $143.24.
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ConocoPhillips Firm Profile
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, pure fuel, liquefied pure fuel (LNG), and pure fuel liquids in america, Canada, China, Libya, Malaysia, Norway, the UK, and internationally. The corporate’s portfolio consists of unconventional performs in North America; standard property in North America, Europe, Asia, and Australia; world LNG developments; oil sands property in Canada; and a list of worldwide exploration prospects.
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