Carnick & Kubik Group LLC Sells 3,102 Shares of ConocoPhillips (COP)

Carnick & Kubik Group LLC decreased its holdings in shares of ConocoPhillips (NYSE:COP) by 11.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,734 shares of the energy producer’s stock after selling 3,102 shares during the quarter. Carnick & Kubik Group LLC’s holdings in ConocoPhillips were worth $1,651,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in COP. Lenox Wealth Advisors LLC purchased a new stake in shares of ConocoPhillips in the first quarter valued at $27,000. Smart Portfolios LLC raised its stake in shares of ConocoPhillips by 69.5% in the fourth quarter. Smart Portfolios LLC now owns 478 shares of the energy producer’s stock valued at $30,000 after acquiring an additional 196 shares during the period. Athena Capital Advisors LLC purchased a new stake in shares of ConocoPhillips in the fourth quarter valued at $32,000. Clarfeld Financial Advisors LLC purchased a new stake in shares of ConocoPhillips in the fourth quarter valued at $32,000. Finally, Ironwood Financial llc raised its stake in shares of ConocoPhillips by 294.1% in the fourth quarter. Ironwood Financial llc now owns 536 shares of the energy producer’s stock valued at $33,000 after acquiring an additional 400 shares during the period. 73.58% of the stock is currently owned by institutional investors.

NYSE COP opened at $66.34 on Tuesday. The company has a current ratio of 1.79, a quick ratio of 1.66 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $75.29 billion, a PE ratio of 14.64, a P/E/G ratio of 2.37 and a beta of 1.11. ConocoPhillips has a 12 month low of $56.75 and a 12 month high of $80.24.



ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, January 31st. The energy producer reported $1.13 EPS for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.08. The firm had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.60 billion. ConocoPhillips had a net margin of 16.16% and a return on equity of 16.91%. During the same period in the prior year, the business posted $0.45 earnings per share. As a group, equities research analysts anticipate that ConocoPhillips will post 3.74 earnings per share for the current year.

COP has been the topic of several recent analyst reports. Societe Generale reduced their target price on shares of ConocoPhillips from $85.00 to $73.00 and set a “buy” rating on the stock in a research note on Wednesday, December 19th. Barclays reissued a “buy” rating and issued a $79.00 target price on shares of ConocoPhillips in a research note on Friday, January 11th. Goldman Sachs Group upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and upped their price target for the stock from $76.00 to $82.00 in a report on Sunday, February 3rd. Morgan Stanley set a $77.00 price target on shares of ConocoPhillips and gave the stock a “buy” rating in a report on Tuesday, January 29th. Finally, Zacks Investment Research upgraded shares of ConocoPhillips from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a report on Wednesday, March 13th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $79.00.

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ConocoPhillips Profile

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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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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