HL Financial Services LLC Has $1.99 Million Holdings in ConocoPhillips (COP)
HL Financial Services LLC lowered its stake in ConocoPhillips (NYSE:COP) by 2.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,785 shares of the energy producer’s stock after selling 1,042 shares during the period. HL Financial Services LLC’s holdings in ConocoPhillips were worth $1,991,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in COP. Financial Management Professionals Inc. lifted its position in shares of 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 purchasing an additional 6 shares during the last quarter. Cornerstone Advisors Inc. lifted its position in shares of ConocoPhillips by 1.0% during the 2nd quarter. Cornerstone Advisors Inc. now owns 3,755 shares of the energy producer’s stock worth $165,000 after purchasing an additional 37 shares during the last quarter. WFG Advisors LP lifted its position in shares of ConocoPhillips by 0.4% during the 2nd quarter. WFG Advisors LP now owns 9,611 shares of the energy producer’s stock worth $423,000 after purchasing an additional 39 shares during the last quarter. Genesee Valley Trust Co. lifted its position in shares of ConocoPhillips by 0.6% during the 2nd quarter. Genesee Valley Trust Co. now owns 7,095 shares of the energy producer’s stock worth $312,000 after purchasing an additional 45 shares during the last quarter. Finally, Girard Partners LTD. lifted its position in shares of ConocoPhillips by 0.6% during the 2nd quarter. Girard Partners LTD. now owns 8,434 shares of the energy producer’s stock worth $371,000 after purchasing an additional 49 shares during the last quarter. 69.62% of the stock is owned by institutional investors.
In related news, Director Charles E. Bunch acquired 2,000 shares of the stock in a transaction dated Monday, December 11th. The shares were bought at an average cost of $52.06 per share, for a total transaction of $104,120.00. Following the purchase, the director now owns 3,429 shares in the company, valued at approximately $178,513.74. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.82% of the company’s stock.
COP has been the subject of several research analyst reports. Royal Bank of Canada boosted their price objective on ConocoPhillips from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, November 9th. Credit Suisse Group initiated coverage on ConocoPhillips in a research report on Monday, December 11th. They set a “neutral” rating and a $50.00 price objective for the company. Morgan Stanley boosted their price objective on ConocoPhillips from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 18th. Howard Weil cut ConocoPhillips from a “focus list” rating to an “outperform” rating and set a $58.00 price objective for the company. in a research report on Friday, December 22nd. Finally, Barclays boosted their price target on ConocoPhillips from $55.00 to $59.00 and gave the company an “overweight” rating in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the company. ConocoPhillips currently has an average rating of “Buy” and a consensus price target of $55.41.
ConocoPhillips (NYSE COP) opened at $56.23 on Wednesday. ConocoPhillips has a 12 month low of $42.26 and a 12 month high of $56.37. The stock has a market capitalization of $66,351.14, a PE ratio of -30.39, a P/E/G ratio of 13.39 and a beta of 1.26. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.23 and a current ratio of 2.38.
ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, October 26th. The energy producer reported $0.16 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $7.20 billion for the quarter, compared to analyst estimates of $6.55 billion. During the same period in the prior year, the company posted ($0.66) EPS. equities analysts anticipate that ConocoPhillips will post 0.55 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, October 16th were paid a $0.265 dividend. The ex-dividend date was Friday, October 13th. This represents a $1.06 annualized dividend and a dividend yield of 1.89%. ConocoPhillips’s dividend payout ratio is currently -57.30%.
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ConocoPhillips Company Profile
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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