ConocoPhillips (NYSE:COP) Shares Sold by Private Wealth Advisors Inc

Paterniano Del Favero
Luglio 23, 2017

Private Wealth Advisors Inc.'s holdings in ConocoPhillips were worth $2,039,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of COP. Financial Management Professionals Inc. raised its position in shares of ConocoPhillips by 0.3% in the first quarter. First Eagle Investment Management LLC now owns 10,065,496 shares of the energy producer's stock valued at $501,966,000 after buying an additional 1,744,860 shares during the last quarter.

Swiss National Bank boosted its position in ConocoPhillips (NYSE:COP) by 27.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. Ancora Advisors LLC now owns 41,893 shares of the energy producer's stock worth $2,100,000 after buying an additional 27,588 shares during the last quarter. Alpha Windward LLC boosted its stake in ConocoPhillips by 0.9% in the first quarter. Financial Management Professionals Inc. boosted its position in shares of ConocoPhillips by 0.3% in the first quarter. Ltd. now owns 2,210,409 shares of the energy producer's stock valued at $110,902,000 after buying an additional 2,030,017 shares in the last quarter. State Of New Jersey Common Pension Fund D, New Jersey-based fund reported 1.35 million shares. First Manhattan Co. now owns 2,299,139 shares of the energy producer's stock valued at $99,943,000 after buying an additional 959,712 shares during the last quarter.

ConocoPhillips (NYSE:COP) traded down 1.34% during midday trading on Friday, hitting $42.65. The Market Capitalization of the company stands at 53.75 Billion.

Over the past 50 days, ConocoPhillips stock's -11.75% off of the high and 0.35% removed from the low. The stock of ConocoPhillips (NYSE:COP) has "Underweight" rating given on Tuesday, December 15 by JP Morgan. The energy producer reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by $0.05.

In case of Revenue Estimates, 6 analysts have provided their consensus Average Revenue Estimates for ConocoPhillips as 7.21 Billion. During the same quarter in the previous year, the business posted ($0.95) EPS. Equities analysts expect that ConocoPhillips will post $0.43 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, July 24th will be paid a dividend of $0.265 per share. The company was maintained on Thursday, July 13 by Deutsche Bank. This represents a $1.06 dividend on an annualized basis and a yield of 2.49%. ConocoPhillips's payout ratio is -95.50%.

ConocoPhillips declared that its Board of Directors has initiated a share buyback plan on Wednesday, March 29th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization permits the energy producer to reacquire up to 5.3% of its shares through open market purchases.

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COP has been the subject of a number of recent research reports. UBS AG raised shares of ConocoPhillips from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $51.00 to $55.00 in a research report on Thursday, March 30th. Jefferies Group LLC upgraded shares of ConocoPhillips from a "hold" rating to a "buy" rating and upped their target price for the company from $55.00 to $59.00 in a research note on Wednesday, May 17th. Vetr lowered shares of ConocoPhillips from a "strong-buy" rating to a "buy" rating in a report on Friday, March 31st. Scotiabank set a $53.00 price target on ConocoPhillips and gave the company a buy rating in a research note on Monday, March 27th. BidaskClub raised ConocoPhillips from a "strong sell" rating to a "sell" rating in a research report on Wednesday, June 14th. The stock has "Neutral" rating by Guggenheim on Wednesday, April 19.

Among 6 analysts covering Avon Rubber PLC (LON:AVON), 5 have Buy rating, 0 Sell and 1 Hold. They presently have a $52.00 target price on the energy producer's stock.

In other news, VP James D. Mcmorran sold 9,091 shares of the company's stock in a transaction on Friday, May 19th. The shares were sold at an average price of $47.47, for a total transaction of $431,549.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The stock decreased 0.38% or $0.17 during the last trading session, reaching $43.23. The Firm explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas 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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