November 24, 2016 - By Vivian Park · 0 Comments
Conocophillips (NYSE:COP) institutional sentiment increased to 0.8 in 2016 Q2. Its up 0.02, from 0.78 in 2016Q1. The ratio is more positive, as 452 investment managers started new and increased positions, while 579 sold and trimmed positions in Conocophillips. The investment managers in our partner’s database now hold: 776.95 million shares, up from 750.77 million shares in 2016Q1. Also, the number of investment managers holding Conocophillips in their top 10 positions decreased from 17 to 12 for a decrease of 5. Sold All: 69 Reduced: 510 Increased: 371 New Position: 81.
ConocoPhillips is an independent exploration and production company. The company has a market cap of $57.01 billion. The Firm explores for, produces, transports and markets crude oil, bitumen, natural gas and liquefied natural gas (LNG). It currently has negative earnings. The Firm operates through six operating divisions, which are primarily defined by geographic region: Alaska; Lower 48; Canada; Europe and North Africa; Asia Pacific and Middle East, and Other International.
The stock increased 0.50% or $0.23 on November 23, hitting $46.3. About 5.20 million shares traded hands. ConocoPhillips (NYSE:COP) has declined 2.77% since April 22, 2016 and is downtrending. It has underperformed by 8.18% the S&P500.
Analysts await ConocoPhillips (NYSE:COP) to report earnings on February, 2. They expect $-0.30 earnings per share, up 66.67% or $0.60 from last year’s $-0.9 per share. After $-0.66 actual earnings per share reported by ConocoPhillips for the previous quarter, Wall Street now forecasts -54.55% EPS growth.
According to Zacks Investment Research, “ConocoPhillips is a major global exploration and production (E&P) company with operations all over the world. As year-end 2014, the company had estimated proved reserves of 8.9 billion oil-equivalent barrels (BOE). Production from continuing operations, excluding Libya, averaged 1,532 thousand barrels of oil equivalent per day (MBOED) in 2014. In May 2012, ConocoPhillips completed the spin-off of its refining/sales business into a separate, independent and publicly traded company, Phillips 66 (Ticker: PSX).”
Sir Capital Management L.P. holds 7.09% of its portfolio in ConocoPhillips for 1.09 million shares. Foundation Resource Management Inc owns 586,000 shares or 4.76% of their US portfolio. Moreover, Csu Producer Resources Inc. has 4.13% invested in the company for 15,000 shares. The Texas-based Matterhorn Capital Management Llc has invested 3.77% in the stock. Lafleur & Godfrey Llc, a Michigan-based fund reported 277,027 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 3 insider purchases, and 0 sales for $957,430 net activity.
Ratings analysis reveals 55% of ConocoPhillips’s analysts are positive. Out of 20 Wall Street analysts rating ConocoPhillips, 11 give it “Buy”, 1 “Sell” rating, while 8 recommend “Hold”. The lowest target is $31 while the high is $77. The stock’s average target of $49.60 is 7.13% above today’s ($46.3) share price. COP was included in 45 notes of analysts from August 4, 2015. UBS maintained ConocoPhillips (NYSE:COP) rating on Friday, April 29. UBS has “Neutral” rating and $48 price target. The company was maintained on Friday, February 5 by RBC Capital Markets. The rating was upgraded by Edward Jones to “Buy” on Monday, November 7. Bank of America maintained the stock with “Buy” rating in Tuesday, October 20 report. CLSA downgraded the shares of COP in a report on Tuesday, November 15 to “Underperform” rating. The firm has “Overweight” rating by Barclays Capital given on Tuesday, January 12. JP Morgan upgraded ConocoPhillips (NYSE:COP) on Monday, September 12 to “Overweight” rating. The stock of ConocoPhillips (NYSE:COP) earned “Neutral” rating by JP Morgan on Monday, July 11. On Tuesday, December 15 the stock rating was maintained by JP Morgan with “Underweight”. Vetr downgraded the shares of COP in a report on Monday, August 31 to “Strong-Buy” rating.
ConocoPhillips (ConocoPhillips), incorporated on November 16, 2001, is an independent exploration and production company. The Firm explores for, produces, transports and markets crude oil, bitumen, natural gas and liquefied natural gas (LNG) and natural gas liquids on a worldwide basis. The Firm operates through six operating divisions, which are primarily defined by geographic region: Alaska; Lower 48; Canada; Europe and North Africa; Asia Pacific and Middle East, and Other International. The Company’s continuing activities are producing in the United States, Norway, the United Kingdom, Canada, Australia, Timor-Leste, Indonesia, China, Malaysia and Qatar. The Company’s portfolio includes North American unconventional assets and oil sands assets in Canada; assets in North America, Europe, Asia and Australia; several international developments, and an inventory of global conventional and unconventional exploration prospects.
More notable recent ConocoPhillips (NYSE:COP) news were published by: Bloomberg.com which released: “ConocoPhillips Was Right to Split” on November 14, 2016, also Cnbc.com with their article: “Donald Trump recognizes the energy renaissance, ConocoPhillips CEO says” published on November 10, 2016, Cnbc.com published: “ConocoPhillips posts smaller Q3 loss on cost, production cuts” on October 27, 2016. More interesting news about ConocoPhillips (NYSE:COP) were released by: Investorplace.com and their article: “Embrace the Breakout in ConocoPhillips (COP) Stock” published on November 22, 2016 as well as Bizjournals.com‘s news article titled: “CEO: ConocoPhillips won’t chase production out of oil downturn” with publication date: November 18, 2016.
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By Vivian Park