The FineMark National Bank & Trust Sells 516 Shares of ConocoPhillips (COP)

The FineMark National Bank & Trust Sells 516 Shares of ConocoPhillips (COP)

FineMark National Bank & Trust lowered its stake in shares of ConocoPhillips (NYSE:COP) by 1.9% during the third quarter, Holdings Channel reports. The firm owned 26,918 shares of the company’s stock after selling 516 shares during the period. FineMark National Bank & Trust’s holdings in ConocoPhillips were worth $1,170,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Pinkerton Retirement Specialists LLC increased its stake in ConocoPhillips by 5,507.0% in the second quarter. Pinkerton Retirement Specialists LLC now owns 2,411 shares of the company’s stock valued at $105,000 after buying an additional 2,368 shares during the period. Smith Asset Management Group LP increased its stake in ConocoPhillips by 6.0% in the third quarter. Smith Asset Management Group LP now owns 2,470 shares of the company’s stock valued at $107,000 after buying an additional 140 shares during the period. Integrated Investment Consultants LLC increased its stake in ConocoPhillips by 2.0% in the third quarter. Integrated Investment Consultants LLC now owns 2,594 shares of the company’s stock valued at $109,000 after buying an additional 51 shares during the period. Signaturefd LLC increased its stake in ConocoPhillips by 16.9% in the second quarter. Signaturefd LLC now owns 2,648 shares of the company’s stock valued at $115,000 after buying an additional 383 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in ConocoPhillips by 100.0% in the second quarter. Quadrant Capital Group LLC now owns 2,742 shares of the company’s stock valued at $109,000 after buying an additional 1,371 shares during the period. 63.41% of the stock is currently owned by institutional investors and hedge funds.

Shares of ConocoPhillips (NYSE:COP) traded down 0.82% during mid-day trading on Thursday, hitting $49.86. The stock had a trading volume of 4,915,255 shares. The stock’s market cap is $61.78 billion. ConocoPhillips has a one year low of $31.05 and a one year high of $53.17. The firm has a 50 day moving average of $50.59 and a 200-day moving average of $44.35.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, October 27th. The company reported ($0.66) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.69) by $0.03. ConocoPhillips had a negative return on equity of 10.68% and a negative net margin of 29.45%. During the same period last year, the firm earned ($0.38) EPS. Equities research analysts expect that ConocoPhillips will post ($2.83) earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on COP. CLSA downgraded shares of ConocoPhillips from an “outperform” rating to an “underperform” rating in a report on Tuesday, November 15th. Wells Fargo & Co. reissued an “outperform” rating on shares of ConocoPhillips in a report on Saturday, January 14th. RBC Capital Markets reissued a “buy” rating and issued a $57.00 price target on shares of ConocoPhillips in a report on Tuesday, January 3rd. Vetr raised shares of ConocoPhillips from a “buy” rating to a “strong-buy” rating and set a $51.61 price target on the stock in a report on Monday, November 28th. Finally, Zacks Investment Research downgraded shares of ConocoPhillips from a “buy” rating to a “hold” rating in a report on Friday, January 13th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. ConocoPhillips presently has an average rating of “Buy” and an average price target of $54.12.

About ConocoPhillips

ConocoPhillips (ConocoPhillips) is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas and liquefied natural gas (LNG). The Company operates through six operating segments, which are primarily defined by geographic region: Alaska; Lower 48; Canada; Europe and North Africa; Asia Pacific and Middle East, and Other International.

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