Economy

ConocoPhillips (COP) Receives "Buy" Rating from Scotiabank

Bridges Invest Counsel has invested 0.07% in ConocoPhillips (NYSE:COP). Accern also gave news headlines about the energy producer an impact score of 47.0275807472826 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.

First National Bank Of Mount Dora Trust Investment Services increased Conocophillips (COP) stake by 12.28% reported in 2017Q2 SEC filing. Advantage Investment Management LLC lifted its stake in ConocoPhillips by 65.3% in the 1st quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer's stock worth $119,000 after acquiring an additional 2,000 shares in the last quarter. LLC purchased a new stake in ConocoPhillips in the 1st quarter worth about $123,000. Wendell David Associates Inc. now owns 7,561 shares of the energy producer's stock worth $332,000 after purchasing an additional 26 shares during the period. Duff And Phelps Invest Communications owns 0.01% invested in ConocoPhillips (NYSE:COP) for 14,020 shares.

Riverhead Cap Management Ltd Liability Corp reported 14,901 shares or 0.03% of all its holdings. Advantage Investment Management LLC now owns 2,425 shares of the energy producer's stock valued at $121,000 after buying an additional 958 shares during the period. The Douglass Winthrop Advisors Llc holds 24,347 shares with $1.07 million value, down from 33,051 last quarter. Melvin Capital Management Lp sold 450,000 shares as Jd Com Inc (JD)'s stock rose 37.55%. Institutional investors and hedge funds own 68.90% of the company's stock.

The company declined -0.44% and closed its last trading session at $50.22. The stock declined 0.62% or $0.31 reaching $49.69 per share. The firm's market cap is $60.49 billion.

Sir Capital Management Lp decreased Conocophillips (COP) stake by 52.88% reported in 2017Q2 SEC filing. The company has a 50 day moving average of $44.59 and a 200-day moving average of $45.61.

Investors wait ConocoPhillips (NYSE:COP) to report on October, 26. its quarterly earnings Wall Street analysts expect $0.04 EPS, up $0.70 or 106.06 % from last year's $-0.66 same quarter earnings. After $0.14 actual EPS reported by ConocoPhillips for the previous quarter, Wall Street now forecasts -71.43% negative EPS growth. ConocoPhillips had a negative net margin of 12.29% and a negative return on equity of 2.86%. The company had revenue of $8.88 billion during the quarter, compared to analyst estimates of $6.74 billion. During the same period in the prior year, the business posted ($0.79) earnings per share.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, July 24th were issued a $0.265 dividend. The ex-dividend date of this dividend was Thursday, July 20th. This represents a $1.06 annualized dividend and a dividend yield of 2.12%. ConocoPhillips's dividend payout ratio (DPR) is -34.98%.

WARNING: This story was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another site, it was illegally stolen and reposted in violation of USA and global copyright law. The legal version of this piece of content can be accessed at https://www.equitiesfocus.com/2017/09/30/arvest-bank-trust-division-boosts-holdings-in-conocophillips-cop.html. Zacks downgraded the shares of CPLP in report on Tuesday, August 25 to "Buy" rating. Royal Bank Of Canada set a $54.00 target price on shares of ConocoPhillips and gave the stock a "buy" rating in a report on Thursday, August 24th. J P Morgan Chase & Co reaffirmed an "overweight" rating on shares of ConocoPhillips in a research note on Saturday, September 16th. BidaskClub upgraded shares of ConocoPhillips from a "strong sell" rating to a "sell" rating in a report on Wednesday, June 14th. Scotiabank reiterated a "buy" rating and set a $53.00 price objective on shares of ConocoPhillips in a research note on Friday. Societe Generale downgraded ConocoPhillips (NYSE:COP) on Thursday, February 4 to "Hold" rating. Stifel Nicolaus maintained it with "Buy" rating and $400 target in Thursday, July 6 report.

ConocoPhillips (COP) now the company's industry has 13.71 P/E and the sector P/E is 15.63. The Firm explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas and natural gas liquids. The Company operates through six segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.



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