ConocoPhillips (NYSE:COP) is expected to pay $0.25 on Dec 1, 2016. The indicated annual dividend is $1.00. Shareholders owning the stock before Oct 13, 2016 will be eligible to receive the payout. Based on ConocoPhillips’s current price of $43.33, the dividend is 0.58%. This dividend’s record date is Oct 17, 2016 and the announcement date is Oct 7, 2016. The stock decreased 2.39% or $1.06 during the last trading session, hitting $43.33. ConocoPhillips (NYSE:COP) has risen 10.96% since March 9, 2016 and is uptrending. It has outperformed by 3.55% the S&P500.
ConocoPhillips is an independent exploration and production company. The company has a market cap of $53.87 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.
Insitutional Activity: The institutional sentiment increased to 0.78 in Q2 2016. Its up 0.10, from 0.68 in 2016Q1. The ratio is positive, as 69 funds sold all ConocoPhillips shares owned while 510 reduced positions. 81 funds bought stakes while 371 increased positions. They now own 776.95 million shares or 3.49% more from 750.77 million shares in 2016Q1.
Mechanics Natl Bank Trust Department holds 32,879 shares or 0.53% of its portfolio. Wilen Mgmt last reported 97,561 shares in the company. Blackrock Japan holds 1.59 million shares or 0.25% of its portfolio. Cambridge Advisors has 4,944 shares for 0.1% of their US portfolio. Moreover, Mackenzie Fin has 0% invested in ConocoPhillips (NYSE:COP) for 5,258 shares. Atlas Browninc holds 0.18% or 10,455 shares in its portfolio. Ingalls & Snyder Lc last reported 0.69% of its portfolio in the stock. Lagoda Limited Partnership has 0.02% invested in the company for 1,350 shares. General Electr holds 0.58% of its portfolio in ConocoPhillips (NYSE:COP) for 2.55M shares. Parsec holds 0.03% of its portfolio in ConocoPhillips (NYSE:COP) for 7,317 shares. Amica Pension Fund Board Of Trustees holds 0.4% of its portfolio in ConocoPhillips (NYSE:COP) for 69,533 shares. Nj State Employees Deferred Compensation Plan owns 45,000 shares or 0.42% of their US portfolio. Homrich Berg holds 0.02% or 5,770 shares in its portfolio. Van Eck Assoc Corporation holds 0% of its portfolio in ConocoPhillips (NYSE:COP) for 15,132 shares. Greenwood Associate Ltd Limited Liability Company, a South Carolina-based fund reported 98,194 shares.
Insider Transactions: Since July 29, 2016, the stock had 3 insider purchases, and 0 insider sales for $957,430 net activity. $202,500 worth of ConocoPhillips (NYSE:COP) shares were bought by DeSanctis Ellen. Murti Arjun N bought $258,180 worth of stock. COPELAND JAMES E JR bought $496,750 worth of ConocoPhillips (NYSE:COP) on Monday, August 1.
ConocoPhillips (NYSE:COP) Ratings Coverage
Out of 17 analysts covering ConocoPhillips (NYSE:COP), 9 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 53% are positive. $77 is the highest target while $31 is the lowest. The $49.42 average target is 14.05% above today’s ($43.33) stock price. ConocoPhillips has been the topic of 41 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock has “Overweight” rating given by Barclays Capital on Tuesday, January 12. The rating was downgraded by Wolfe Research to “Peer Perform” on Thursday, February 11. The firm has “Buy” rating given on Tuesday, October 20 by Bank of America. Argus Research maintained the stock with “Buy” rating in Wednesday, December 9 report. The firm earned “Perform” rating on Tuesday, August 4 by Oppenheimer. The firm has “Underweight” rating given on Tuesday, December 15 by JP Morgan. Vetr upgraded it to “Buy” rating and $51.66 target price in Monday, August 24 report. The firm earned “Neutral” rating on Friday, February 5 by UBS. The company was downgraded on Thursday, February 4 by Societe Generale. The rating was downgraded by Howard Weil to “Sector Perform” on Friday, February 5.
More notable recent ConocoPhillips (NYSE:COP) news were published by: Seekingalpha.com which released: “When Will ConocoPhillips Grow Dividends?” on October 10, 2016, also Seekingalpha.com with their article: “ConocoPhillips Timed Liquefied Natural Gas Well” published on October 11, 2016, Reuters.com published: “ConocoPhillips sues Venezuela’s PDVSA, calls bond swap ‘fraudulent'” on October 07, 2016. More interesting news about ConocoPhillips (NYSE:COP) were released by: Bizjournals.com and their article: “Photos: Tour ConocoPhillips’ new digs at Energy Center Three” published on October 06, 2016 as well as Ft.com‘s news article titled: “CompaniesConocoPhillips cries fraud over PDVSA bond swap” with publication date: October 07, 2016.
COP Company Profile
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.
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