Farmers Trust Co Stake in Conocophillips (COP) Upped by $3.19 Million

ConocoPhillips (NYSE:COP) LogoInvestors sentiment decreased to 0.88 in 2019 Q2. Its down 0.05, from 0.93 in 2019Q1. It dived, as 82 investors sold COP shares while 448 reduced holdings. 103 funds opened positions while 366 raised stakes. 756.10 million shares or 3.16% less from 780.75 million shares in 2019Q1 were reported. The Michigan-based Norris Perne And French Limited Liability Partnership Mi has invested 0.04% in ConocoPhillips (NYSE:COP). Centurylink Invest Company, a Colorado-based fund reported 26,594 shares. 77,100 are held by Castleark Mgmt Lc. Franklin Street Advsrs Nc reported 0.05% of its portfolio in ConocoPhillips (NYSE:COP). Bourgeon Mgmt Llc owns 18,236 shares. 20,956 are owned by Palisade Asset Limited Liability. Alta Cap Management Ltd Liability holds 8,720 shares or 0.03% of its portfolio. Burney reported 0.04% stake. Leavell Inv Management invested in 11,342 shares or 0.07% of the stock. Signaturefd Ltd Liability Corp has invested 0.04% in ConocoPhillips (NYSE:COP). Argent Mngmt Limited Company has 2.61% invested in ConocoPhillips (NYSE:COP). New York-based Edge Wealth Management Limited Liability Corp has invested 0.12% in ConocoPhillips (NYSE:COP). Essex Management Co Limited Liability Corp has invested 0.34% in ConocoPhillips (NYSE:COP). Gamble Jones Invest Counsel holds 0.1% or 18,628 shares in its portfolio. Stephens Ar, Arkansas-based fund reported 107,175 shares.

Farmers Trust Co increased its stake in Conocophillips (COP) by 475.23% based on its latest 2019Q2 regulatory filing with the SEC. Farmers Trust Co bought 53,164 shares as the company’s stock declined 5.73% . The institutional investor held 64,351 shares of the integrated oil company at the end of 2019Q2, valued at $3.93 million, up from 11,187 at the end of the previous reported quarter. Farmers Trust Co who had been investing in Conocophillips for a number of months, seems to be bullish on the $63.50B market cap company. The stock increased 1.56% or $0.88 during the last trading session, reaching $57.2. About 7.83 million shares traded or 29.36% up from the average. ConocoPhillips (NYSE:COP) has declined 18.25% since September 12, 2018 and is downtrending. It has underperformed by 18.25% the S&P500.

More notable recent ConocoPhillips (NYSE:COP) news were published by: Fool.com which released: “Is ConocoPhillips Ready for a Rebound? – Motley Fool” on August 29, 2019, also Finance.Yahoo.com with their article: “Is ConocoPhillips’s (NYSE:COP) 2.2% Dividend Worth Your Time? – Yahoo Finance” published on August 04, 2019, Finance.Yahoo.com published: “Are ConocoPhillips’s (NYSE:COP) High Returns Really That Great? – Yahoo Finance” on May 16, 2019. More interesting news about ConocoPhillips (NYSE:COP) were released by: Finance.Yahoo.com and their article: “This Oil Company Is Pounding the Table That Its Stock Is Cheap – Yahoo Finance” published on September 03, 2019 as well as Finance.Yahoo.com‘s news article titled: “ConocoPhillips (NYSE:COP) Is About To Go Ex-Dividend, And It Pays A 0.5% Yield – Yahoo Finance” with publication date: July 17, 2019.

ConocoPhillips (NYSE:COP) Ratings Coverage

Among 5 analysts covering ConocoPhillips (NYSE:COP), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. ConocoPhillips has $8400 highest and $77 lowest target. $79.40’s average target is 38.81% above currents $57.2 stock price. ConocoPhillips had 13 analyst reports since March 13, 2019 according to SRatingsIntel. The stock of ConocoPhillips (NYSE:COP) earned “Buy” rating by Societe Generale on Wednesday, March 20. Mizuho upgraded ConocoPhillips (NYSE:COP) rating on Wednesday, June 26. Mizuho has “Buy” rating and $8000 target. JP Morgan maintained it with “Overweight” rating and $8000 target in Tuesday, July 9 report. Morgan Stanley maintained the shares of COP in report on Friday, July 12 with “Overweight” rating. The stock has “Overweight” rating by Morgan Stanley on Thursday, May 16.

ConocoPhillips (NYSE:COP) Institutional Positions Chart

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