ConocoPhillips (COP) Stake Lowered by Janney Capital Management LLC

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Janney Capital Management LLC decreased its position in ConocoPhillips (NYSE:COP) by 25.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 189,152 shares of the energy producer’s stock after selling 62,985 shares during the quarter. Janney Capital Management LLC’s holdings in ConocoPhillips were worth $11,794,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in COP. Ironwood Financial llc boosted its stake in ConocoPhillips by 294.1% during the fourth quarter. Ironwood Financial llc now owns 536 shares of the energy producer’s stock worth $33,000 after buying an additional 400 shares in the last quarter. Contravisory Investment Management Inc. acquired a new stake in ConocoPhillips during the fourth quarter worth $47,000. Moody National Bank Trust Division boosted its stake in ConocoPhillips by 536.6% during the fourth quarter. Moody National Bank Trust Division now owns 853 shares of the energy producer’s stock worth $53,000 after buying an additional 719 shares in the last quarter. Arlington Partners LLC lifted its holdings in shares of ConocoPhillips by 28.6% during the fourth quarter. Arlington Partners LLC now owns 900 shares of the energy producer’s stock valued at $56,000 after acquiring an additional 200 shares during the period. Finally, Massey Quick Simon & CO. LLC bought a new position in shares of ConocoPhillips during the fourth quarter valued at $59,000. 72.30% of the stock is currently owned by institutional investors.

ConocoPhillips stock opened at $66.26 on Monday. 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 12-month low of $50.18 and a 12-month high of $80.24. The stock has a market capitalization of $76.28 billion, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, January 31st. The energy producer reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.08. ConocoPhillips had a return on equity of 16.91% and a net margin of 16.16%. The business had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same period in the previous year, the business posted $0.45 earnings per share. As a group, sell-side analysts predict that ConocoPhillips will post 3.35 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Monday, February 11th will be issued a $0.305 dividend. The ex-dividend date of this dividend is Friday, February 8th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 1.84%. ConocoPhillips’s dividend payout ratio is 26.93%.

A number of brokerages have issued reports on COP. Mizuho reissued a “hold” rating and set a $82.00 price objective on shares of ConocoPhillips in a report on Monday, October 22nd. Zacks Investment Research raised ConocoPhillips from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 15th. Piper Jaffray Companies reissued a “hold” rating and set a $66.00 price objective on shares of ConocoPhillips in a report on Monday, November 19th. Wolfe Research raised ConocoPhillips from a “market perform” rating to an “outperform” rating in a report on Monday, December 10th. Finally, Morgan Stanley cut their price objective on ConocoPhillips from $88.00 to $84.00 and set a “buy” rating for the company in a report on Tuesday, November 20th. Nine research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. ConocoPhillips currently has an average rating of “Buy” and an average price target of $76.41.

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ConocoPhillips Company Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. Its portfolio includes North American tight oil and oil sands assets in Canada; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; and an inventory of conventional and unconventional exploration prospects.

Further Reading: Understanding each part of a balance sheet

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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