Radnor Capital Management LLC Sells 975 Shares of ConocoPhillips (NYSE:COP)
Radnor Capital Management LLC decreased its holdings in ConocoPhillips (NYSE:COP) by 6.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 14,399 shares of the energy producer’s stock after selling 975 shares during the quarter. Radnor Capital Management LLC’s holdings in ConocoPhillips were worth $878,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Brookmont Capital Management lifted its holdings in ConocoPhillips by 0.6% during the 2nd quarter. Brookmont Capital Management now owns 49,837 shares of the energy producer’s stock worth $3,040,000 after buying an additional 315 shares during the period. Gemmer Asset Management LLC lifted its holdings in ConocoPhillips by 14.2% during the 2nd quarter. Gemmer Asset Management LLC now owns 2,439 shares of the energy producer’s stock worth $149,000 after buying an additional 304 shares during the period. Spearhead Capital Advisors LLC acquired a new position in ConocoPhillips during the 2nd quarter worth about $215,000. Capital Investment Advisors LLC lifted its holdings in ConocoPhillips by 25.9% during the 2nd quarter. Capital Investment Advisors LLC now owns 23,133 shares of the energy producer’s stock worth $1,411,000 after buying an additional 4,761 shares during the period. Finally, CX Institutional lifted its holdings in ConocoPhillips by 55.7% during the 2nd quarter. CX Institutional now owns 1,735 shares of the energy producer’s stock worth $106,000 after buying an additional 621 shares during the period. Institutional investors own 72.10% of the company’s stock.
Several research analysts have commented on COP shares. Mizuho started coverage on Avrobio in a report on Wednesday, June 26th. They set a “buy” rating and a $28.00 target price on the stock. Morgan Stanley set a $207.00 price objective on Alibaba Group and gave the company a “buy” rating in a research note on Friday, July 12th. ValuEngine raised Zogenix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th. JPMorgan Chase & Co. initiated coverage on Pinduoduo in a research note on Tuesday, July 9th. They issued an “underweight” rating and a $20.48 price objective on the stock. Finally, Credit Suisse Group reissued an “outperform” rating and issued a GBX 2,012 ($26.29) price objective on shares of Aston Martin Lagonda Global in a research note on Wednesday, May 1st. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $77.07.
ConocoPhillips (NYSE:COP) last issued its earnings results on Tuesday, April 30th. The energy producer reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.08. ConocoPhillips had a return on equity of 16.65% and a net margin of 18.08%. The business had revenue of $10.06 billion during the quarter, compared to analyst estimates of $9.16 billion. During the same period in the previous year, the company posted $0.96 EPS. On average, equities analysts expect that ConocoPhillips will post 4.11 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, July 22nd will be given a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Friday, July 19th. ConocoPhillips’s payout ratio is 26.93%.
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the tight oil reservoirs, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.
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