ConocoPhillips (NYSE:COP) was the target of unusually big options trading activity on Early Thur. Stock investors purchased 29,576 bearish put options on the company shares. A raise of roughly 496% compared to the consensus volume of 4,966 bearish put options.
Many institutional investors have adjusted their holdings of COP. BlackRock added additional shares of ConocoPhillips by 2,359.0% in the Q1. BlackRock has an ownership of 79,623,798 stocks of the energy producer’s shares valued at $3,970,840,000 after scooping up an extra 76,385,765 stocks in the previous period. Norges Bank purchased a fresh position in stocks of ConocoPhillips in Q4 which is worth at $496,521,000. Wellington Management Group LLP added additional shares of ConocoPhillips by 255.3% in the Q1. Wellington Management Group LLP has an ownership of 12,803,885 stocks of the energy producer’s shares valued at $638,530,000 after scooping up an extra 9,200,014 stocks in the previous period. FMR raised its stake in stocks of ConocoPhillips by 17.3% in the Q4. FMR has an ownership of 57,515,901 stocks of the energy producer’s shares valued $2,883,848,000 after scooping up an extra 8,487,514 shares through out the previous quarter, Lastly, Franklin Resources raised its stake in stocks of ConocoPhillips by 156.5% in the Q4. Franklin Resources has an ownership of 8,242,882 stocks of the energy producer’s shares valued $413,364,000 after scooping up an extra 5,029,627 shares through out the previous quarter, hedge fund investors and investment firms has an ownership of 68.05% of the firms stock.
In associated news, VP James D. Mcmorran unloaded 9,091 stocks of the shares in a trade on early Fri, May 19th. Shares were disposed in a price range of $47.47, amounting to $431,549.77. The information was declared in a document with the securities and exchange commission, which is accessible through this link. company executives has an ownership of 0.82% of the firms stock.
Many brokerage firms have published reports on COP Stocks. Jefferies boosted ConocoPhillips from a “hold” recommendation to a “buy” recommendation and upped their PT for the company from $55.00 to $59.00 in a study note published on Wed, May 17th. Cowen and Company reiterated a “buy” recommendation on stocks of ConocoPhillips in a study note published on Fri, Apr 14th. Scotiabank fixed a $57.00 price objective on the stock of ConocoPhillips and issued the shares a “buy” recommendation in a study on Thurs, Apr 6th. crowd sourced stock rating company Vetr cut shares of ConocoPhillips from a “strong-buy” recommendation to a “buy” recommendation in a study on Fri, Mar 31st. Lastly, Royal Bank Of Canada reissued a “buy” recommendation and fixed a $62.00 price objective on the stock of ConocoPhillips in a note on Thurs, Jun 15th. around three financial stock experts recommended the company shares with a sell recommendation, eight have issued a hold recommendation, fifteen have issued a buy recommendation and 1 have issued a strong buy recommendation to the firms shares. The corporation has a consensus rating of “Buy” and an average price objective of $56.80.
Stocks of ConocoPhillips (NYSE:COP) declined 0.02% throughout intraday market trading on early Wed, reaching $43.96. 6,919,858 stocks of the company transacted hands. The corporation has a fifty day SMA of $45.94 and a two hundred day SMA of $48.15. ConocoPhillips has a 52 week low of $38.80 and a 52 week high of $53.17. the firms valuation is $54.38 B.
ConocoPhillips (NYSE:COP) previously announced its periodic earnings reports on early Tue, May 2nd. The energy producer posted ($0.02) EPS (EPS) for the period, missing analysts’ average forecasts of $0.03 by $0.05. ConocoPhillips had a lower negative return on equity of 5.92% and a negative net profit margin of 5.05%. the company reported sales of $7.77 B for the period end, compared to analysts’ anticipations of $7.47 B. for the same period in the previous fiscal year, company reported ($0.95) Earnings Per Share. on consensus, experts anticipate that ConocoPhillips to post $0.53 EPS for the full year.
Also, the company announced dividend for the quarter, to be paid on Early Thur, Jun 1st. Investors with a record date on early Mon, May 15th was issued a dividend of $0.265 for a share. The ex-dividend date was Thurs, May 11th. this indicates a $1.06 annual dividend and a payout of of 2.41%. ConocoPhillips’s yield ratio is presently -95.50%.
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