Institutional Investors Negative on on Conocophillips Dropped

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Sentiment for Conocophillips (NYSE:COP)

Conocophillips (NYSE:COP) institutional sentiment decreased to 0.88 in 2019 Q2. Its down -0.05, from 0.93 in 2019Q1. The ratio is negative, as 469 funds increased and started new holdings, while 530 reduced and sold their equity positions in Conocophillips. The funds in our partner’s database now hold: 756.10 million shares, down from 780.75 million shares in 2019Q1. Also, the number of funds holding Conocophillips in their top 10 holdings decreased from 19 to 14 for a decrease of 5. Sold All: 82 Reduced: 448 Increased: 366 New Position: 103.

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas , and natural gas liquids worldwide. The company has market cap of $63.86 billion. The Company’s portfolio includes North American tight oil and oil sands assets; lower-risk conventional assets in North America, Europe, Asia, and Australia; various LNG developments; and an inventory of conventional and unconventional exploration prospects. It has a 9.28 P/E ratio.

The stock increased 2.09% or $1.18 during the last trading session, reaching $57.53. About 5.74 million shares traded. ConocoPhillips (NYSE:COP) has declined 18.25% since September 13, 2018 and is downtrending. It has underperformed by 18.25% the S&P500.

Analysts await ConocoPhillips (NYSE:COP) to report earnings on October, 29 before the open. They expect $1.00 earnings per share, down 26.47 % or $0.36 from last year’s $1.36 per share. COP’s profit will be $1.11 billion for 14.38 P/E if the $1.00 EPS becomes a reality. After $1.01 actual earnings per share reported by ConocoPhillips for the previous quarter, Wall Street now forecasts -0.99 % negative EPS growth.

Sir Capital Management L.P. holds 6.68% of its portfolio in ConocoPhillips for 627,126 shares. Caymus Capital Partners L.P. owns 397,728 shares or 5.34% of their US portfolio. Moreover, Arosa Capital Management Lp has 4.78% invested in the company for 496,698 shares. The United Kingdom-based Royal Bank Of Scotland Group Plc has invested 4.21% in the stock. Foundation Resource Management Inc, a Arkansas-based fund reported 335,748 shares.

ConocoPhillips (NYSE:COP) Ratings Coverage

Ratings analysis reveals 100% of Conocophillips’s analysts are positive. Out of 5 Wall Street analysts rating Conocophillips, 5 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $77 while the high is $8400. The stock’s average target of $79.40 is 38.01% above today’s ($57.53) share price. COP was included in 12 notes of analysts from March 20, 2019. The stock of ConocoPhillips (NYSE:COP) earned “Overweight” rating by Morgan Stanley on Friday, July 12. JP Morgan maintained ConocoPhillips (NYSE:COP) rating on Tuesday, July 9. JP Morgan has “Overweight” rating and $8000 target. Morgan Stanley maintained ConocoPhillips (NYSE:COP) on Thursday, May 16 with “Overweight” rating. The rating was upgraded by Mizuho to “Buy” on Wednesday, June 26. On Wednesday, March 20 the stock rating was maintained by Societe Generale with “Buy”.

More recent ConocoPhillips (NYSE:COP) news were published by: Seekingalpha.com which released: “World Bank tribunal lowers ConocoPhillips award – Seeking Alpha” on September 03, 2019. Also Finance.Yahoo.com published the news titled: “This Oil Stock Continues to Prove It’s a Cash Flow-Gushing Machine – Yahoo Finance” on August 17, 2019. Finance.Yahoo.com‘s news article titled: “Is ConocoPhillips’s (NYSE:COP) 2.2% Dividend Worth Your Time? – Yahoo Finance” with publication date: August 04, 2019 was also an interesting one.

ConocoPhillips (NYSE:COP) Institutional Positions Chart

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