Economy

Analysts Offer Predictions for ConocoPhillips' FY2017 Earnings (NYSE:COP)

Institutional investors own 70.17% of the company's stock. Canada Pension Plan Investment Board invested in 0.06% or 569,530 shares. The portion of a company's profit allocated to each outstanding share of common stock was $0.59 a share in the trailing twelve months. About 295,103 shares traded. It is down 9.50% since November 9, 2016 and is uptrending. It has outperformed by 14.75% the S&P500.

Roffman Miller Associates Inc decreased Conocophillips (COP) stake by 15.96% reported in 2017Q2 SEC filing. Chevy Chase Trust invested in 1.07 million shares or 0.23% of the stock. The Mitchell Sinkler & Starr holds 9,930 shares with $437,000 value, down from 17,125 last quarter. ConocoPhillips has a fifty-two week low of $42.26 and a fifty-two week high of $54.22. The stock declined 0.35% or $0.19 reaching $53.35 per share. About 4.19M shares traded. It is down 31.45% since November 9, 2016 and is uptrending. It has underperformed by 7.20% the S&P500. Conocophillips now has $63.98B valuation. Among active positions in the latest quarter, 480 holders increased their positions by a total of 53.25 million shares, 731 holders decreased the positions by a total of 48.21 million shares, and 173 holders held their positions.

On a similar note, analysts expect EPS of $0.34 in December 2017 quarter and $0.7 in March 2018 quarter, representing -230.77% and -3600% growth, respectively. Its down 0.08, from 0.79 in 2017Q1. Of those transactions, there were 0 shares of COP bought and 403,812 shares sold. The energy producer reported $0.16 EPS for the quarter, topping the Zacks' consensus estimate of $0.08 by $0.08. Moreover, Fjarde Ap has 0.15% invested in ConocoPhillips (NYSE:COP). First Personal Fincl holds 0% or 400 shares. Washington-based Garland Cap Inc has invested 2.44% in Union Pacific Corporation (NYSE:UNP). Fuller Thaler Asset Mgmt Inc holds 62,275 shares. Payden And Rygel accumulated 300 shares. Mairs And Pwr has invested 0.11% in ConocoPhillips (NYSE:COP). Sigma Planning accumulated 23,000 shares or 0.09% of the stock. Tortoise Inv Mngmt Lc holds 1,200 shares.

Regal Investment Advisors LLC lessened its stake in shares of ConocoPhillips (NYSE:COP) by 6.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. Wallington Asset Mngmt Ltd Liability has 83,057 shares for 1.01% of their portfolio. Prentiss Smith Co Inc stated it has 100 shares or 0% of all its holdings. Syntal Capital Prns Ltd Company stated it has 6,729 shares or 0.06% of all its holdings. Cowen and Company set a $55.00 price target on shares of ConocoPhillips and gave the company a "buy" rating in a report on Tuesday, July 18th. Therefore 67% are positive. ConocoPhillips had 76 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned "Buy" rating on Monday, October 9 by Bank of America. Bank of America has "Buy" rating and $33 target. The stock has "Buy" rating by UBS on Thursday, March 30. The rating was maintained by RBC Capital Markets with "Outperform" on Friday, February 5. $38's average target is 44.21% above currents $26.35 stock price. BMO Capital Markets maintained Union Pacific Corporation (NYSE:UNP) rating on Thursday, September 14. If the published price targets set by ConocoPhillips analysts have any power to influence the stock's share price, the highest price target set for COP is $65. Piper Jaffray upgraded the stock to "Overweight" rating in Friday, October 28 report.

Several other brokerages also recently commented on COP. ConocoPhillips has had 0 insider trades in the last 3 months, including 0 open market buys and 0 sells. Check Capital Management Inc.

ConocoPhillips (NYSE:COP) opened at $53.52 on Thursday.

Among new and sold out positions, 84 holders initiated new positions by a total of 4.31 million shares and 94 holders exited their positions by a total of 3.57 million shares. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Therefore 39% are positive. Barclays Capital maintained Progressive Corp (NYSE:PGR) on Monday, October 16 with "Underweight" rating. Howard Weil has "Sector Perform" rating and $40 target. As per Thursday, June 22, the company rating was maintained by Goldman Sachs. American Tru Investment Advsr Limited Com invested 2% in ConocoPhillips (NYSE:COP). The rating was maintained by Wells Fargo with "Hold" on Thursday, August 3. As per Wednesday, January 11, the company rating was upgraded by Societe Generale. The rating was maintained by Chardan Capital Markets with "Buy" on Wednesday, August 9. The rating was maintained by Credit Suisse on Monday, September 18 with "Underperform". The company was maintained on Friday, July 21 by Citigroup. In the a year ago there have been a total of 25 insider trades, including 0 open market buys and 25 sells. The insider CODY WILLIAM M sold $2.23M.



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