Autus Asset Management LLC trimmed its stake in ConocoPhillips (NYSE:COP) by 6.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,131 shares of the energy producer’s stock after selling 276 shares during the period. Autus Asset Management LLC’s holdings in ConocoPhillips were worth $276,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its holdings in shares of ConocoPhillips by 54,716.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 12,236,749 shares of the energy producer’s stock worth $947,125,000 after acquiring an additional 12,214,426 shares during the last quarter. Martingale Asset Management L P grew its holdings in shares of ConocoPhillips by 58.4% in the 3rd quarter. Martingale Asset Management L P now owns 606,548 shares of the energy producer’s stock worth $46,947,000 after acquiring an additional 223,597 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of ConocoPhillips by 2.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 53,679 shares of the energy producer’s stock worth $4,155,000 after acquiring an additional 1,192 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of ConocoPhillips by 5.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 74,746 shares of the energy producer’s stock worth $5,785,000 after acquiring an additional 3,762 shares during the last quarter. Finally, Mutual Advisors LLC grew its holdings in shares of ConocoPhillips by 92.4% in the 3rd quarter. Mutual Advisors LLC now owns 5,669 shares of the energy producer’s stock worth $439,000 after acquiring an additional 2,723 shares during the last quarter. 73.59% of the stock is owned by hedge funds and other institutional investors.
COP has been the topic of a number of recent research reports. Barclays restated a “buy” rating and issued a $79.00 target price on shares of ConocoPhillips in a report on Friday, January 11th. Bank of America cut ConocoPhillips from a “buy” rating to a “neutral” rating and set a $75.00 target price on the stock. in a report on Friday, January 4th. Goldman Sachs Group upgraded ConocoPhillips from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $76.00 to $82.00 in a report on Sunday, February 3rd. Zacks Investment Research upgraded ConocoPhillips from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 15th. Finally, Morgan Stanley set a $77.00 target price on ConocoPhillips and gave the stock a “buy” rating in a report on Tuesday, January 29th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $79.00.
Shares of ConocoPhillips stock opened at $65.84 on Wednesday. The firm has a market capitalization of $76.42 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 2.40 and a beta of 1.11. The company has a quick ratio of 1.66, a current ratio of 1.79 and a debt-to-equity ratio of 0.46. ConocoPhillips has a 12 month low of $56.75 and a 12 month high of $80.24.
ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, January 31st. The energy producer reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.08. The business had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.60 billion. ConocoPhillips had a return on equity of 16.91% and a net margin of 16.16%. During the same quarter last year, the firm posted $0.45 earnings per share. As a group, analysts predict that ConocoPhillips will post 3.74 earnings per share for the current fiscal year.
ConocoPhillips Company Profile
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the tight oil reservoirs, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.
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