Airain ltd bought a new position in ConocoPhillips (NYSE:COP) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 159,499 shares of the company’s stock, valued at approximately $6,933,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Pinkerton Retirement Specialists LLC increased its stake in shares of 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 last quarter. Smith Asset Management Group LP increased its stake in shares of 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 last quarter. Integrated Investment Consultants LLC increased its stake in shares of 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 last quarter. Signaturefd LLC increased its stake in shares of 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 last quarter. Finally, Quadrant Capital Group LLC increased its stake in shares of 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 last quarter. Institutional investors own 63.28% of the company’s stock.
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Synapsid wrote:Conoco Phillips is putting the nation's first LNG export terminal up for sale. It's been operating quietly since 1969 on the Kenai Peninsula in Alaska--well, operating up till this year.
The LNG has been going to the Asia/Pacific market.
ConocoPhillips said Thursday it's in the "initial stages" of trying to sell its plant on the Kenai Peninsula that for nearly 50 years liquefied natural gas from Cook Inlet for export to overseas markets.
The company, adjusting to low oil and LNG prices that have battered the industry, cited "market conditions" in a statement issued Thursday. It also said it is focused on its North Slope operations where it has broken new ground on the western edge of the state's North Slope oil fields, pushing into federal territory in the National Petroleum Reserve-Alaska.
"Our efforts to market the plant are consistent with our company's efforts to regularly review our assets to ensure we are optimizing our portfolio," ConocoPhillips said in the statement.
"We believe the plant is a strategic asset that offers good opportunities for the right buyer," the Houston-based company said.
ConocoPhillips this year also sold its stake in the Beluga River Gas field in Cook Inlet in Southcentral Alaska in a $152 million deal with the municipality of Anchorage and Chugach Electric Association.
The LNG plant in Nikiski on the Kenai Peninsula began producing liquefied natural gas in 1969. For 47 years, it was the only LNG export facility in the United States and was run for years by Arco.
Cheniere Energy early this year became the second U.S. exporter of LNG, from its facility in Sabine Pass, Louisiana.
In 2015 the Kenai LNG plant operated for six months, liquefying 20 billion cubic feet of gas for delivery, ConocoPhillips said.
"Due to market conditions, ConocoPhillips did not conduct an export program in 2016," the company said. "The Kenai LNG Plant remains operational and ready to resume exports."
About 23 people are currently employed there, a spokeswoman with ConocoPhillips said.
Larry Persily, oil and gas adviser to Kenai Peninsula Borough Mayor Mike Navarre, said prices in the LNG market need to improve so exports can be resumed at the plant.
TRADEMARK VIOLATION WARNING: "ConocoPhillips (COP) Holdings Increased by Cornerstone Investment Partners LLC" was reported by TrueBlueTribune and is owned by of TrueBlueTribune. (NYSE:C). Dnb Asset As invested in 2.23 million shares or 2.15% of the stock. (NYSE:C). Brick & Kyle holds 0.64% or 10,867 shares. The stock increased 0.44% or $0.32 during the last trading session, reaching $73.5. About 8.78M shares traded. It has outperformed by 11.67% the S&P500.
Stonebridge Capital Advisors Llc increased its stake in Conoco Philips Corp (COP) by 6.73% based on its latest 2017Q3 regulatory filing with the SEC.
Many analysts are providing their Estimated Earnings analysis for ConocoPhillips and for the current quarter 21 analysts have projected that the stock could give an Average Earnings estimate of $0.45/share. Roberts Glore Inc Il holds 12,202 shares. Rowland & Company Investment Counsel who had been investing in Conocophillips for a number of months, seems to be less bullish one the $72.20 billion market cap company. The stock decreased 1.74% or $1.04 during the last trading session, reaching $58.62. About 52,221 shares traded. ConocoPhillips (NYSE:COP) has risen 9.50% since January 29, 2017 and is uptrending. It has underperformed by 7.20% the S&P500.
Among 23 analysts covering Merck & Co. Air Transport Services Group had 18 analyst reports since August 7, 2015 according to SRatingsIntel. Therefore 50% are positive. The company was maintained on Thursday, July 13 by RBC Capital Markets. The stock of Validus Holdings, Ltd. (NYSE:VR) earned "Hold" rating by Keefe Bruyette & Woods on Monday, January 22. On Friday, October 28 the stock rating was upgraded by Piper Jaffray to "Overweight". The firm has "Neutral" rating by UBS given on Friday, April 29. Finally, Zacks Investment Research upgraded ConocoPhillips from a "hold" rating to a "strong-buy" rating and set a $66.00 price objective for the company in a research report on Wednesday, January 10th. The stock of PTC Inc.
Investors sentiment decreased to 1.06 in Q3 2017. Its down 0.08, from 0.71 in 2017Q2. 125 funds opened positions while 492 raised stakes. New York-based General Investors has invested 1.22% in Merck & Co., Inc. Foundation Resource Mgmt owns 4.68% invested in ConocoPhillips (NYSE:COP) for 563,994 shares. University Of Notre Dame Du Lac holds 1.4% or 89,056 shares. Brands, Inc. (NYSE:YUM). First Financial Corp In invested in 155 shares. Pennsylvania-based Cim Mangement Inc has invested 0.73% in Citigroup Inc. Nepsis Mgmt stated it has 4.05% of its portfolio in Validus Holdings, Ltd. (NYSE:VR). Following the transaction, the director now owns 3,429 shares in the company, valued at approximately $178,513.74. Brands, Inc. (NYSE:YUM). Teachers Retirement System Of The State Of Kentucky has invested 0.17% in Yum! Brookstone Cap Mgmt reported 90,256 shares. Nelson Roberts Invest Advsrs Limited Liability Corp owns 1,304 shares or 0.02% of their U.S. portfolio. Shamrock Asset holds 253 shares.
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
ConocoPhillips (NYSE:COP) recent rally took place on significantly less volume which dipped to nearly 5.31 million contracts on 09-Mar-18 versus its daily average of 5.9 million. The first sale was made at $54.07 but later the stock became weaker, and closed with a gain of 2.78%. It was last traded at $55.06 apiece.
ConocoPhillips (COP): Outperform Candidate With 20.87% Upside Potential
ConocoPhillips is maintained at an average outperform rating by 23 stock analysts, and there are at least 2.06% of shares outstanding that are currently legally short sold. The shares went down by -1.02% in value last month. Year-to-date it jumped 0.31%. Analysts are turning out to be more optimistic than before, with 17 of analysts who cover ConocoPhillips (NYSE:COP) advice adding it to buy candidate list. Wall Street experts also assign a $66.55 price target on ConocoPhillips, pointing towards a 20.87% rally from current levels. The stock is trading for about -10.2% less than its 52-week high.
ConocoPhillips Reports 5.47% Sales Growth
ConocoPhillips (COP) remained unsuccessful in beating the consensus-estimated $0.45 as it actually earned $0.45 per share in its last reported financial results. Revenue, on the other hand, scored 5.47% growth from the previous quarter, coming up with $7.59 billion.
COP Adds 1.85% In A Week
This company shares (COP) so far managed to recover 30.27% since collapsing to its 52-week low. Over a month, it has seen its stock price volatility to stay at 2.08% while shortening the period to a week, volatility was 3.08%. The share price has already crossed its 20 days moving average, floating at a distance of 1.25% and sits -2.67% lower versus its 50 days moving average. When looking at the past five sessions, the stock returned 1.85% gains and is up by 10.83% compared with its 200-day moving average of $52.1. Also, ConocoPhillips (COP) needs to expand a 18.46% increase it experienced over the past twelve months.
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Oil is flowing from a drill site in what is now the farthest-west producing site on Alaska’s North Slope, ConocoPhillips Alaska Inc said on Tuesday.
Production at Greater Mooses Tooth 1, a prospect on the western edge of existing Arctic Alaska oil development, started last Friday, ConocoPhillips said.
Production at GMT 1 is expected to peak at 25,000 to 30,000 barrels a day, the company said. It is the second producing oil field within the borders of the National Petroleum Reserve in Alaska, or NPR-A, a vast federal land unit on the western side of the North Slope.
“This is another milestone for development in the NPR-A,” Joe Marushack, president of ConocoPhillips Alaska, said in a statement.
Oil from GMT 1 is being sent by pipeline east for processing at the ConocoPhillips-operated Alpine field. That oil is then shipped by pipeline to Prudhoe Bay about 50 miles to the east, then south through the Trans Alaska Pipeline System.
The first field to begin producing within the reserve boundaries was a ConocoPhillips field called CD5, where startup occurred in 2015.
ConocoPhillips is seeking to develop a related drill site about 8 miles (13 km) to the southwest of GMT1 that could start production by 2021. Peak production at that site, Greater Mooses Tooth 2, would be 35,000 to 40,000 barrels a day, according to ConocoPhillips.
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
ConocoPhillips (COP) revealed plans Monday to invest $6.1 billion in 2019 and earmark $3 billion for share buybacks after last week's OPEC meeting, though crude oil prices retreated. Hess (HES) announced plans to boost capital spending next year.
ConocoPhillips' capital expenditure outlay next year would be roughly in line with 2018 levels.
Meanwhile, Hess expects $2.9 billion in capex in 2019, up from $2.1 billion this year. Hess said the bulk of that spending will be in North Dakota's Bakken shale formation and in Guyana
Prior declines in crude oil prices have forced oil companies to cut capex budgets. Crude oil prices have tumbled more than 30% since recent highs, but the OPEC-Russia deal could prop them up next year.
Meanwhile, ConocoPhillips also plans to increase shareholder payouts to greater than 30% of cash from operations from a current range of 20% to 30%.
It sees crude oil production next year ranging from 1.3 million to 1.35 million barrels of oil equivalent per day, representing adjusted growth of 5% at the midpoint. Most growth will come from unconventional sources in the contiguous 48 states of the U.S. and conventional sources in Alaska.
Crude Oil Prices Resume Slide Despite OPEC Meeting
U.S. crude oil prices shed 3.1 to $51 a barrel amid continued turmoil in global financial markets. Brent crude oil prices also fell back.
That wiped out Friday's modest gains after the OPEC meeting. The cartel and partners like Russia agreed to curb output by 1.2 million barrels per day for the first six months of next year.
Some analysts see cuts agreed upon at the OPEC meeting as tightening the oil market and potentially sending crude oil prices back up toward $70-per-barrel next year. Others signaled uncertainty over how OPEC and Russia will implement the crude oil production deal, warning that it may not actually do that much.
Conoco Stock, Other Big Oil Names Fall
ConocoPhillips stock fell 1.1% on the stock market today, steepening losses below the 200-day line. The Houston-based company has seen its Relative Strength Rating improve to 87 in the past month, although its RS line, tracking a stock's performance against the S&P 500, sits below the October peak.
This RS Rating tracks how a stock's price movement over the last 52 weeks compares to that of the other stocks in the IBD database. History shows that the best stocks often have an 80 or better RS Rating in the early stages of their moves.
Hess stock retreated 2.1%.
Exxon Mobil (XOM) sank 1.5%, Royal Dutch Shell (RDSA) gave up 0.5%, Chevron (CVX) shed 1% and BP (BP) gave up 0.35%.
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
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