The North Star Investment Management Corp. Has $2.23 Million Stake in ConocoPhillips (COP)

The North Star Investment Management Corp. Has $2.23 Million Stake in ConocoPhillips (COP)

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Trust Co. of Toledo NA OH raised its position in ConocoPhillips by 4.9% in the third quarter. Trust Co. of Toledo NA OH now owns 41,159 shares of the energy producer’s stock valued at $1,789,000 after buying an additional 1,916 shares during the last quarter. Country Trust Bank raised its position in ConocoPhillips by 27.7% in the third quarter. Country Trust Bank now owns 448,133 shares of the energy producer’s stock valued at $19,480,000 after buying an additional 97,139 shares during the last quarter. California State Teachers Retirement System raised its position in ConocoPhillips by 0.9% in the third quarter. California State Teachers Retirement System now owns 2,728,961 shares of the energy producer’s stock valued at $118,628,000 after buying an additional 23,100 shares during the last quarter. Budros Ruhlin & Roe Inc. raised its position in ConocoPhillips by 0.9% in the third quarter. Budros Ruhlin & Roe Inc. now owns 15,255 shares of the energy producer’s stock valued at $663,000 after buying an additional 140 shares during the last quarter. Finally, Fernwood Investment Management LLC raised its position in ConocoPhillips by 8.8% in the third quarter. Fernwood Investment Management LLC now owns 28,909 shares of the energy producer’s stock valued at $1,257,000 after buying an additional 2,350 shares during the last quarter. Institutional investors and hedge funds own 65.39% of the company’s stock.

North Star Investment Management Corp. raised its position in shares of ConocoPhillips (NYSE:COP) by 5.9% during the first quarter, Holdings Channel reports. The firm owned 44,612 shares of the energy producer’s stock after buying an additional 2,475 shares during the period. North Star Investment Management Corp.’s holdings in ConocoPhillips were worth $2,225,000 at the end of the most recent quarter.

Shares of ConocoPhillips (NYSE COP) opened at 44.26 on Monday. ConocoPhillips has a 52-week low of $38.80 and a 52-week high of $53.17. The firm’s market cap is $54.75 billion. The company has a 50-day moving average of $46.93 and a 200 day moving average of $48.21.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Tuesday, May 2nd. The energy producer reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.05. The firm had revenue of $7.77 billion during the quarter, compared to analysts’ expectations of $7.47 billion. ConocoPhillips had a negative return on equity of 8.73% and a negative net margin of 14.84%. During the same period in the previous year, the company earned ($0.95) earnings per share. On average, equities analysts expect that ConocoPhillips will post $0.57 earnings per share for the current year.

COP has been the subject of several analyst reports. Bank of America Corp lowered shares of ConocoPhillips from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $68.00 to $67.00 in a report on Thursday, May 11th. Jefferies Group LLC restated a “hold” rating and set a $55.00 price target on shares of ConocoPhillips in a report on Friday, May 5th. Scotiabank set a $57.00 price target on shares of ConocoPhillips and gave the stock a “buy” rating in a report on Thursday, April 6th. Cowen and Company restated a “buy” rating on shares of ConocoPhillips in a report on Friday, April 14th. Finally, Credit Suisse Group AG set a $60.00 price target on shares of ConocoPhillips and gave the stock a “neutral” rating in a report on Thursday, March 30th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. ConocoPhillips currently has an average rating of “Buy” and a consensus price target of $56.92. In related news, VP James D. Mcmorran sold 9,091 shares of the company’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $47.47, for a total value of $431,549.77. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.07% of the stock is owned by corporate insiders.

ConocoPhillips Company Profile ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through five segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “COP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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