Conocophillips (NYSE:COP) Sentiment Falls in 2017 Q3

Lloyd Doyle
January 13, 2018

Conocophillips now has $70.75B valuation. About 7.34M shares traded or 25.88% up from the average.

Shares of ConocoPhillips (NYSE:COP) traded up $1.53 during trading hours on Thursday, reaching $59.18. In the past 3-month period alone, shares of COP have appreciated +9.58 - or +19.31%.

There are 1,365 institutional holders with active positions, accounting for 835.88 million shares in total. There were 78 sold out positions, amounting to 4.52 million shares.

The stock decreased 0.09% or $0.01 during the last trading session, reaching $10.84.

State of Wisconsin Investment Board grew its holdings in ConocoPhillips (NYSE:COP) by 3.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. Its up 0.31, from 1.02 in 2017Q2. Sold All: 62 Reduced: 536 Increased: 283 New Position: 91. The institutional investor held 81,095 shares of the major banks company at the end of 2017Q3, valued at $6.18 million, up from 75,150 at the end of the previous reported quarter. National Bank & Trust Of Nova Scotia Tru Co reported 0.02% in ConocoPhillips (NYSE:COP). Ca has invested 0.04% in ConocoPhillips (NYSE:COP). Nationwide Fund owns 12,960 shares. Putnam Invests Ltd Liability Corp has 0.07% invested in LogMeIn, Inc. Texas-based Tctc Holdings Lc has invested 0.96% in ConocoPhillips (NYSE:COP). Bokf Na holds 68,428 shares or 0.1% of its portfolio. Pax Ww Management Limited Liability Corp accumulated 170,397 shares or 0.49% of the stock. Moreover, Brown Advisory Lc has 0.05% invested in ConocoPhillips (NYSE:COP) for 4,893 shares. Mutual Of America Cap Mngmt Llc invested in 2,100 shares or 0% of the stock. 74,484 are owned by Dowling Yahnke Llc. Mason Street Advisors Limited Company invested in 0.05% or 24,420 shares. Amalgamated Commercial Bank reported 0.2% in ConocoPhillips (NYSE:COP). It also upped Blackstone Group LP (NYSE:BX) stake by 14,815 shares and now owns 80,981 shares. Powershares Etf Tr Ii (PGX) was raised too.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, October 26th. During the same period last year, the business earned ($0.66) EPS. equities research analysts anticipate that ConocoPhillips will post 0.57 earnings per share for the current year. COP's profit will be $478.21M for 37.05 P/E if the $0.40 EPS becomes a reality. After having $0.16 EPS previously, ConocoPhillips's analysts see 150.00 % EPS growth. Goldman Sachs Group upgraded ConocoPhillips from a "neutral" rating to a "buy" rating and set a $60.00 target price for the company in a research note on Wednesday, December 13th. LogMeIn had 45 analyst reports since July 24, 2015 according to SRatingsIntel. Jefferies maintained the stock with "Buy" rating in Friday, July 28 report. On Tuesday, January 12 the stock rating was maintained by Barclays Capital with "Overweight". The stock of ConocoPhillips (NYSE:COP) earned "Buy" rating by Piper Jaffray on Tuesday, November 21. The firm earned "Outperform" rating on Monday, October 31 by RBC Capital Markets. The firm earned "Buy" rating on Wednesday, January 11 by Societe Generale. The stock now has a consensus rating of "Buy" and a consensus target price of $55.47.

Since August 22, 2017, it had 0 buys, and 3 selling transactions for $3.10 million activity. 721 shares valued at $84,922 were sold by Battles Christopher on Tuesday, August 1. Simon Michael K sold $2.33 million worth of stock or 20,000 shares. Xiao Deming had sold 6,004 shares worth $612,155 on Friday, August 4.

This represents a decrease of -1% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks. Its up 0.07, from 1.22 in 2017Q2. It is positive, as 17 investors sold Monolithic Power Systems, Inc. shares while 76 reduced holdings. 50 funds opened positions while 152 raised stakes. Commonwealth Of Pennsylvania School Empls Retrmt invested 0.1% of its portfolio in ConocoPhillips (NYSE:COP). (NASDAQ:FRPT). Harvest Strategies Ltd Liability Corp owns 245,100 shares or 0.73% of their U.S. portfolio. The California-based Assetmark Inc has invested 0.1% in Comerica Incorporated (NYSE:CMA). Hartford Inv Company owns 262,702 shares for 0.25% of their portfolio. Thompson Siegel Walmsley Ltd Limited Liability Company reported 1,305 shares. Dekabank Deutsche Girozentrale stated it has 0.06% of its portfolio in Sempra Energy (NYSE:SRE). (NASDAQ:MPWR). Wasatch invested in 1.01M shares. Intrust Bank & Trust Na holds 38,603 shares. Ionic Mngmt Limited Liability reported 29,500 shares or 0.06% of all its holdings. Metropolitan Life Insur Com holds 577,935 shares or 0.18% of its portfolio. 53,083 were accumulated by Agf Invs America. ConocoPhillips comprises approximately 2.2% of Brookmont Capital Management's investment portfolio, making the stock its 20th largest holding. It offers direct current to DC converter integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, monitors, automobiles, and medical equipment. It has a 34.19 P/E ratio. The firm also provides lighting control ICs for backlighting that are used in systems, which provide the light source for LCD panels in notebook computers, monitors, auto navigation systems, and televisions, as well as for general illumination applications. Howard Weil lowered shares of ConocoPhillips from a "focus list" rating to an "outperform" rating and set a $58.00 target price for the a research report on Friday, December 22nd. Therefore 50% are positive. The firm has "Buy" rating given on Monday, November 28 by Goldman Sachs. The firm has "Underperform" rating by CLSA given on Tuesday, November 10. The stock of LogMeIn, Inc. The stock has "Buy" rating by CLSA on Friday, September 1. On Thursday, March 30 the stock rating was upgraded by UBS to "Buy". Wells Fargo & Co raised their target price on ConocoPhillips from $57.00 to $60.00 and gave the company an "outperform" rating in a research note on Friday, October 27th.

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