Cetera Advisor Networks LLC boosted its stake in shares of ConocoPhillips (NYSE:COP) by 21.3% during the third quarter, Holdings Channel reports. The institutional investor owned 77,926 shares of the company’s stock after buying an additional 13,671 shares during the period. Cetera Advisor Networks LLC’s holdings in ConocoPhillips were worth $3,387,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Smith Asset Management Group LP boosted its position in shares of ConocoPhillips by 6.0% in the third quarter. Smith Asset Management Group LP now owns 2,470 shares of the company’s stock valued at $107,000 after buying an additional 140 shares in the last quarter. Integrated Investment Consultants LLC raised its stake in shares of ConocoPhillips by 2.0% in the third quarter. Integrated Investment Consultants LLC now owns 2,594 shares of the company’s stock valued at $109,000 after buying an additional 51 shares during the last quarter. Signaturefd LLC raised its stake in shares of ConocoPhillips by 16.9% in the second quarter. Signaturefd LLC now owns 2,648 shares of the company’s stock valued at $115,000 after buying an additional 383 shares during the last quarter. Cohen Lawrence B bought a new stake in shares of ConocoPhillips during the third quarter valued at approximately $226,000. Finally, IndexIQ Advisors LLC raised its stake in shares of ConocoPhillips by 114.9% in the third quarter. IndexIQ Advisors LLC now owns 3,457 shares of the company’s stock valued at $150,000 after buying an additional 1,848 shares during the last quarter. 64.29% of the stock is currently owned by institutional investors.
ConocoPhillips (NYSE:COP) traded up 1.20% during trading on Friday, hitting $50.14. The stock had a trading volume of 5,996,045 shares. ConocoPhillips has a 52 week low of $31.82 and a 52 week high of $53.17. The firm’s market cap is $62.04 billion. The company’s 50-day moving average is $50.12 and its 200 day moving average is $45.24.
ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, February 2nd. The company reported ($0.26) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.42) by $0.16. ConocoPhillips had a negative return on equity of 8.73% and a negative net margin of 14.84%. During the same period in the prior year, the business posted ($0.90) EPS. Equities analysts expect that ConocoPhillips will post $0.65 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 1st. Investors of record on Tuesday, February 14th will be paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.11%. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, February 10th. ConocoPhillips’s dividend payout ratio (DPR) is presently -34.36%.
Several equities research analysts have commented on the stock. RBC Capital Markets restated a “buy” rating on shares of ConocoPhillips in a research report on Tuesday. Goldman Sachs Group, Inc. (The) restated a “positive” rating on shares of ConocoPhillips in a research report on Monday, February 6th. Scotiabank restated a “buy” rating and set a $60.00 target price on shares of ConocoPhillips in a research report on Monday, February 6th. Wells Fargo & Company restated an “outperform” rating on shares of ConocoPhillips in a research report on Saturday, January 14th. Finally, Zacks Investment Research lowered shares of ConocoPhillips from a “buy” rating to a “hold” rating in a research report on Friday, January 13th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $55.78.
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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