Guyasuta Investment Advisors Inc. Trims Stake in ConocoPhillips (COP)

Guyasuta Investment Advisors Inc. reduced its position in ConocoPhillips (NYSE:COP) by 94.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 15,502 shares of the energy producer’s stock after selling 254,553 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in ConocoPhillips were worth $776,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Financial Management Professionals Inc. increased its position in ConocoPhillips by 0.3% in the 2nd quarter. Financial Management Professionals Inc. now owns 2,294 shares of the energy producer’s stock valued at $100,000 after acquiring an additional 6 shares during the period. First Command Bank increased its position in ConocoPhillips by 9.4% in the 2nd quarter. First Command Bank now owns 2,313 shares of the energy producer’s stock valued at $101,000 after acquiring an additional 199 shares during the period. Krilogy Financial LLC increased its position in ConocoPhillips by 48.6% in the 2nd quarter. Krilogy Financial LLC now owns 2,392 shares of the energy producer’s stock valued at $105,000 after acquiring an additional 782 shares during the period. Harbour Capital Advisors LLC acquired a new position in ConocoPhillips in the 1st quarter valued at about $123,000. Finally, Clear Perspective Advisors LLC increased its position in ConocoPhillips by 75.5% in the 2nd quarter. Clear Perspective Advisors LLC now owns 2,790 shares of the energy producer’s stock valued at $123,000 after acquiring an additional 1,200 shares during the period. 69.62% of the stock is owned by institutional investors and hedge funds.

COP has been the topic of several recent analyst reports. Scotiabank reiterated a “buy” rating and set a $52.00 target price on shares of ConocoPhillips in a research report on Friday, September 8th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of ConocoPhillips in a research report on Saturday, September 16th. Royal Bank of Canada reiterated a “buy” rating and set a $54.00 target price on shares of ConocoPhillips in a research report on Friday, September 29th. Zacks Investment Research cut ConocoPhillips from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Finally, Barclays reiterated an “overweight” rating and set a $55.00 target price (up previously from $51.00) on shares of ConocoPhillips in a research report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $55.41.

Shares of ConocoPhillips (NYSE COP) opened at $56.99 on Friday. The firm has a market capitalization of $68,130.00, a P/E ratio of -28.64, a P/E/G ratio of 2.85 and a beta of 1.26. The company has a quick ratio of 2.23, a current ratio of 2.38 and a debt-to-equity ratio of 0.64. ConocoPhillips has a fifty-two week low of $42.26 and a fifty-two week high of $57.19.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, October 26th. The energy producer reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.08. The business had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $6.55 billion. ConocoPhillips had a positive return on equity of 0.12% and a negative net margin of 7.32%. During the same quarter in the prior year, the firm posted ($0.66) EPS. analysts expect that ConocoPhillips will post 0.57 earnings per share for the current year.

In other news, Director Charles E. Bunch purchased 2,000 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were acquired at an average price of $52.06 per share, for a total transaction of $104,120.00. Following the acquisition, the director now directly owns 3,429 shares in the company, valued at approximately $178,513.74. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.82% of the company’s stock.

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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.

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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