Fulton Bank N.A. grew its position in ConocoPhillips (NYSE:COP) by 6.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,111 shares of the energy producer’s stock after buying an additional 1,068 shares during the quarter. Fulton Bank N.A.’s holdings in ConocoPhillips were worth $907,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of COP. Freestone Capital Holdings LLC grew its holdings in shares of ConocoPhillips by 78.7% in the 2nd quarter. Freestone Capital Holdings LLC now owns 8,047 shares of the energy producer’s stock worth $354,000 after acquiring an additional 3,543 shares during the period. Point View Wealth Management Inc. grew its holdings in shares of ConocoPhillips by 19.8% in the 2nd quarter. Point View Wealth Management Inc. now owns 32,939 shares of the energy producer’s stock worth $1,448,000 after acquiring an additional 5,452 shares during the period. Shell Asset Management Co. grew its holdings in shares of ConocoPhillips by 2.4% in the 2nd quarter. Shell Asset Management Co. now owns 202,066 shares of the energy producer’s stock worth $8,883,000 after acquiring an additional 4,647 shares during the period. FMR LLC grew its holdings in shares of ConocoPhillips by 6.9% in the 1st quarter. FMR LLC now owns 61,497,903 shares of the energy producer’s stock worth $3,066,900,000 after acquiring an additional 3,982,002 shares during the period. Finally, Citizens Financial Group Inc. RI grew its holdings in shares of ConocoPhillips by 12.5% in the 1st quarter. Citizens Financial Group Inc. RI now owns 210,916 shares of the energy producer’s stock worth $10,518,000 after acquiring an additional 23,434 shares during the period. 69.87% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently weighed in on COP shares. Scotiabank restated a “buy” rating and issued a $52.00 price target on shares of ConocoPhillips in a report on Friday, September 8th. J P Morgan Chase & Co restated an “overweight” rating on shares of ConocoPhillips in a report on Saturday, September 16th. Royal Bank Of Canada boosted their price target on shares of ConocoPhillips from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, November 9th. Jefferies Group set a $54.00 price target on shares of ConocoPhillips and gave the company a “buy” rating in a report on Tuesday, August 29th. Finally, Barclays boosted their price target on shares of ConocoPhillips from $55.00 to $59.00 and gave the company an “overweight” rating in a report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. ConocoPhillips has an average rating of “Buy” and an average target price of $55.59.
ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, October 26th. The energy producer reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.08. ConocoPhillips had a negative net margin of 7.32% and a positive return on equity of 0.12%. The company had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $6.55 billion. During the same quarter last year, the firm posted ($0.66) EPS. analysts expect that ConocoPhillips will post 0.54 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, October 16th were given a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend was Friday, October 13th. ConocoPhillips’s dividend payout ratio (DPR) is presently -57.30%.
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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