Honkamp Krueger Financial Services Inc. Sells 1,606 Shares of ConocoPhillips (COP)

Honkamp Krueger Financial Services Inc. trimmed its position in shares of ConocoPhillips (NYSE:COP) by 7.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,095 shares of the energy producer’s stock after selling 1,606 shares during the period. Honkamp Krueger Financial Services Inc.’s holdings in ConocoPhillips were worth $1,056,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in COP. Freestone Capital Holdings LLC raised its holdings in ConocoPhillips by 78.7% during the second quarter. Freestone Capital Holdings LLC now owns 8,047 shares of the energy producer’s stock valued at $354,000 after buying an additional 3,543 shares in the last quarter. Point View Wealth Management Inc. raised its holdings in ConocoPhillips by 19.8% during the second quarter. Point View Wealth Management Inc. now owns 32,939 shares of the energy producer’s stock valued at $1,448,000 after buying an additional 5,452 shares in the last quarter. Shell Asset Management Co. raised its holdings in ConocoPhillips by 2.4% during the second quarter. Shell Asset Management Co. now owns 202,066 shares of the energy producer’s stock valued at $8,883,000 after buying an additional 4,647 shares in the last quarter. FMR LLC raised its holdings in ConocoPhillips by 6.9% during the first quarter. FMR LLC now owns 61,497,903 shares of the energy producer’s stock valued at $3,066,900,000 after buying an additional 3,982,002 shares in the last quarter. Finally, Citizens Financial Group Inc. RI raised its holdings in ConocoPhillips by 12.5% during the first quarter. Citizens Financial Group Inc. RI now owns 210,916 shares of the energy producer’s stock valued at $10,518,000 after buying an additional 23,434 shares in the last quarter. Institutional investors and hedge funds own 69.87% of the company’s stock.

Several equities analysts have weighed in on COP shares. Scotiabank restated a “buy” rating and set a $52.00 target price 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 raised their target price on 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 target price on ConocoPhillips and gave the company a “buy” rating in a report on Tuesday, August 29th. Finally, Barclays raised their target price on ConocoPhillips from $55.00 to $59.00 and gave the company an “overweight” rating in a report on Friday, October 27th. Two equities 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 assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $55.59.

Shares of ConocoPhillips (NYSE:COP) opened at $51.57 on Friday. The stock has a market capitalization of $61,652.76, a PE ratio of 2,578.50, a PEG ratio of 12.67 and a beta of 1.26. ConocoPhillips has a 1 year low of $42.26 and a 1 year high of $54.22. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.38 and a quick ratio of 2.23.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, October 26th. The energy producer reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.08. The company had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $6.55 billion. ConocoPhillips had a positive return on equity of 0.12% and a negative net margin of 7.32%. During the same period last year, the business posted ($0.66) earnings per share. sell-side analysts predict that ConocoPhillips will post 0.54 EPS for the current year.

The firm also recently declared 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 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend was Friday, October 13th. ConocoPhillips’s dividend payout ratio is currently -57.30%.

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About ConocoPhillips

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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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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