Country Trust Bank raised its holdings in shares of ConocoPhillips (NYSE:COP) by 4.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 288,666 shares of the energy producer’s stock after acquiring an additional 12,903 shares during the period. Country Trust Bank’s holdings in ConocoPhillips were worth $19,266,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Lenox Wealth Advisors LLC bought a new stake in shares of ConocoPhillips in the 1st quarter valued at $27,000. Smart Portfolios LLC increased its position in shares of ConocoPhillips by 69.5% in the 4th quarter. Smart Portfolios LLC now owns 478 shares of the energy producer’s stock valued at $30,000 after buying an additional 196 shares in the last quarter. Athena Capital Advisors LLC bought a new stake in shares of ConocoPhillips in the 4th quarter valued at $32,000. Clarfeld Financial Advisors LLC bought a new stake in shares of ConocoPhillips in the 4th quarter valued at $32,000. Finally, Ironwood Financial llc increased its position in shares of ConocoPhillips by 294.1% in the 4th quarter. Ironwood Financial llc now owns 536 shares of the energy producer’s stock valued at $33,000 after buying an additional 400 shares in the last quarter. Institutional investors own 73.59% of the company’s stock.
A number of research firms recently commented on COP. Zacks Investment Research upgraded shares of ConocoPhillips from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 15th. Piper Jaffray Companies restated a “hold” rating on shares of ConocoPhillips in a research report on Tuesday, February 12th. Morgan Stanley set a $77.00 price objective on shares of ConocoPhillips and gave the company a “buy” rating in a research report on Tuesday, January 29th. Goldman Sachs Group upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and upped their price objective for the company from $76.00 to $82.00 in a research report on Sunday, February 3rd. Finally, Barclays restated a “buy” rating and issued a $79.00 price objective on shares of ConocoPhillips in a research report on Friday, January 11th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. ConocoPhillips presently has an average rating of “Buy” and a consensus target price of $79.00.
COP stock opened at $65.90 on Friday. The stock has a market cap of $74.76 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 2.32 and a beta of 1.11. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.79 and a quick ratio of 1.66. ConocoPhillips has a 1 year low of $56.75 and a 1 year high of $80.24.
ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, January 31st. The energy producer reported $1.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.08. The firm 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 in the prior year, the company earned $0.45 EPS. As a group, sell-side analysts forecast that ConocoPhillips will post 3.81 earnings per share for the current year.
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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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