IAB Financial Bank Continues to Hold Stake in ConocoPhillips (COP)

Analysts Outlook: Conocophillips (NYSE:COP)
The Sell-Side Reaction To ConocoPhillips (COP)'s Recent Shift
Author

29 May, 2017

Meyer Handelman Co. now owns 123,007 shares of the energy producer's stock worth $6,134,000 after buying an additional 1,400 shares during the last quarter. Crown Holdings Inc now has $7.75 billion valuation. Institutional investors own 65.39% of the company's stock. About 820,698 shares traded. Crown Holdings, Inc. (NYSE:CCK) has risen 7.50% since May 29, 2016 and is uptrending. It has underperformed by 16.70% the S&P500.

Fil Ltd decreased Conocophillips (COP) stake by 7.62% reported in 2016Q4 SEC filing. Clifford Swan Investment Counsel Llc sold 9,445 shares as Conocophillips (COP)'s stock declined 0.06%.

At the moment, the company has 1.24B shares outstanding - bringing its market capitalization to $58.02B. The stock increased 0.67% or $0.3 on May 26, reaching $45.35. About 7.92 million shares traded or 8.20% up from the average. Past 5 years growth of Conocophillips (NYSE:COP) observed at -41.44%, looking forward for the next 5 years it has a strong prediction of -39% over growth. It has underperformed by 17.22% the S&P500. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. Therefore 55% are positive. FBR Capital maintained AT&T Inc. Societe Generale raised its rating on ConocoPhillips to Buy on 11/01/2017 in a reversal from its prior Hold rating. The stock of AT&T Inc. On Friday, February 5 the stock rating was maintained by UBS with "Neutral". Royal Bank of Canada reaffirmed a "buy" rating on shares of ConocoPhillips in a report on Tuesday, February 7th. DA Davidson initiated AT&T Inc. The rating was upgraded by Stephens on Tuesday, November 8 to "Overweight". The rating was maintained by Scotia Capital on Friday, April 7 with "Buy". The stock of Alibaba Group Holding Ltd (NYSE:BABA) has "Hold" rating given on Friday, August 14 by TH Capital. (NYSE:CCK) earned "Market Perform" rating by Wells Fargo on Thursday, November 12. TheStreet upgraded shares of ConocoPhillips from a "d+" rating to a "c" rating in a research report on Monday, March 6th. 1,000 shares were sold by Beaver David A.

Investors sentiment increased to 1.16 in Q4 2016. Its up 0.18, from 0.74 in 2016Q3. Alliancebernstein LP reported 2.59M shares stake. Bancorporation Of Ny Mellon holds 0.01% or 873,118 shares. Commonwealth National Bank & Trust Of reported 0.44% in AT&T Inc. Guinness Atkinson Asset Inc invested 1.14% in ConocoPhillips (NYSE:COP). (NYSE:CCK). Td Asset holds 0% or 26,740 shares. Morgan Stanley invested 0% in ImmunoGen, Inc. (NYSE:CCK). Glenmede Tru Na stated it has 0.02% of its portfolio in Crown Holdings, Inc. Shareholders of record on Monday, May 15th will be given a $0.265 dividend. Css Lc Il owns 29,178 shares or 0.08% of their US portfolio. Bb&T Ltd Limited Liability Company has invested 0% in ImmunoGen, Inc. Hbk Invs Limited Partnership has 25,200 shares for 0.01% of their portfolio. Credit Suisse Ag has 0% invested in ImmunoGen, Inc. (NYSE:CCK) for 208,449 shares. 18,243 were reported by Allsquare Wealth Mgmt Lc.

Hudock Capital Group LLC boosted its position in ConocoPhillips (NYSE:COP) by 0.2% during the first quarter, according to its most recent Form 13F filing with the SEC. (NASDAQ:AMGN) stake by 2,917 shares to 60,198 valued at $8.80M in 2016Q4. Equifax Inc (NYSE:EFX) was reduced too. Seizert Capital Ptnrs Ltd Liability owns 7,292 shares.

According to analysts Conocophillips (NYSE:COP)'s minimum EPS for the current quarter is at $-0.1 and can go high up to $0.22. During the same period a year ago, the business earned ($0.95) EPS. COP's profit will be $174.36 million for 80.98 P/E if the $0.14 EPS becomes a reality. The energy producer reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.03 by $0.05.

Since December 15, 2016, it had 1 insider purchase, and 0 insider sales for $36,000 activity.

In related news, VP James D. Mcmorran sold 9,091 shares of ConocoPhillips stock in a transaction that occurred on Friday, May 19th.

In terms of Buy, Sell or Hold recommendations, Conocophillips (NYSE:COP) has analysts' mean recommendation of 2. Therefore 67% are positive. The stock has "Hold" rating by Deutsche Bank on Wednesday, January 11.

A number of analysts have recently issued reports on COP shares. On Monday, March 14 the stock rating was maintained by Citigroup with "Buy". The stock of ConocoPhillips (NYSE:COP) has "Outperform" rating given on Friday, February 5 by RBC Capital Markets. The rating was maintained by Bank of America on Tuesday, October 20 with "Buy". Cowen and Company reiterated a "buy" rating on shares of ConocoPhillips in a research report on Friday, April 14th. The firm earned "Buy" rating on Wednesday, August 26 by Cantor Fitzgerald. Its up 0.30, from 0.84 in 2016Q3.

Several other hedge funds have also recently modified their holdings of COP. 115 funds opened positions while 706 raised stakes. Symphony Asset Mgmt Ltd Llc holds 0.16% of its portfolio in AT&T Inc.

Currently Conocophillips (NYSE:COP)'s shares owned by insiders are 0.02%, whereas shares owned by institutional owners are 69.5%. Tctc Limited Liability Co owns 312,394 shares or 0.95% of their USA portfolio. Cap Intl Investors has invested 0.49% of its portfolio in ConocoPhillips (NYSE:COP). Stonebridge Advsr Limited Liability Com holds 50,214 shares or 0.63% of its portfolio. Blb&B Advisors Limited Liability Company reported 19,087 shares. Neville Rodie And Shaw reported 0.36% of its portfolio in ConocoPhillips (NYSE:COP). Liberty Mngmt invested 0.07% in ConocoPhillips (NYSE:COP). British Columbia holds 798,009 shares.


More news


  • Amazon.com, Inc. (AMZN) Earns Buy Rating from Oppenheimer Holdings Inc

    Breton Hill Capital Ltd decreased Jpmorgan Chase & Co (NYSE:JPM) stake by 4,584 shares to 20,103 valued at $1.73M in 2016Q4. BMS's SI was 4.77 million shares in May as released by FINRA. (NASDAQ:AMZN) shares were sold by ALBERG TOM A .

    Police shoot, kill suspect near Vacaville Premium Outlets

    Shortly after officers stopped the auto , two of them opened fire on the man driving the Accord. During the incident, the officer involved sustained non life-threatening injuries.
    North Korea fires 'ballistic missile' into Japanese waters

    North Korea fires 'ballistic missile' into Japanese waters

    However, experts say it may be trying to test new capabilities that may be fed into its efforts to build an ICBM. But his administration is still working to solidify a policy to deal with North Korea's nuclear ambitions.
  • Takuma Sato Wins Indy 500, Alonso Forced To Retire

    Sato said he didn't know he would win the race with three laps remaining running side-by-side with Castroneves. Takuma Sato , a 40-year-old driver on Michael Andretti's team, won his first Indianapolis 500 on Sunday.
    Firefighter Ray Pfeifer dies from 9/11-related cancer

    Firefighter Ray Pfeifer dies from 9/11-related cancer

    Retired FDNY firefighter Ray Pfeifer died Sunday, May 28, 2017 , of cancer related to his work on the pile after the 9/11 attacks. He leaves behind his wife and two children, one of which followed his father's footsteps in becoming a firefighter.
    'Say Yes to the Dress - Ireland' to air on RTÉ2 in 2018

    'Say Yes to the Dress - Ireland' to air on RTÉ2 in 2018

    RTE is on the hunt for brides-to-be who are searching for their ideal dress whatever their size, style preference, or budget. The format is based on the long-running American series which follows the team at Kleinfeld Bridal in Manhattan.
  • G7 Summit ends without U.S.  joining consensus on climate change

    G7 Summit ends without U.S. joining consensus on climate change

    He has rolled back a number of Obama-era climate change measures, which will hamper US efforts to fulfill its Paris pledges. The official, who has not been named, said that the United States should be "out front" when it comes the Paris Agreement.
    Thiem Dream; Nadal, Djokovic On Court Monday at French Open

    Thiem Dream; Nadal, Djokovic On Court Monday at French Open

    And for everybody, I think he's a top three player on clay now. "He's not a player you want in the first round". "I feel good. Lucas Pouille on day one of the 2017 French Open at Roland Garros. "I know it's not easy but I will see where I can get to".

    Coal India March-quarter profit falls 38 percent, misses estimates

    As of the end of 2015, Shanxi was developing 1,078 coal mines with a production capacity of 1.46 billion tonnes per year. State-run Coal India Ltd reported a lower-than-expected fourth-quarter consolidated profit, hurt by higher costs.
  • Apple Posts Three New 'Switch to iPhone' Ads

    Apple Posts Three New 'Switch to iPhone' Ads

    While today's commercials represent a more aggressive pitch from Apple, the firm failed to go for the jugular. Whether or not you - or any Android users in your life - will buy into that is anyone's guess.
    Sia announces December Nostalgic for the Present Auckland show

    Sia announces December Nostalgic for the Present Auckland show

    On that 2011 trip, she filled up theaters and appeared on the bill for the now-defunct Big Day Out festival tour. Tickets go on sale at 9am, Wednesday, June 7 at nostalgicforthepresent.nz and Ticketmaster.
    Osinbajo Flies To Italy For G7 Summit

    Osinbajo Flies To Italy For G7 Summit

    Osinbajo is expected back in the country later today, his Senior Special Assistant on Media and Publicity, Laolu Akande has said. Traders and shoppers who were visibly happy and surprised to see the acting president followed him as he moved round the market.