ConocoPhillips (NYSE:COP) – Investment analysts at Jefferies Group issued their Q1 2018 earnings per share estimates for shares of ConocoPhillips in a research report issued to clients and investors on Thursday. Jefferies Group analyst J. Gammel forecasts that the energy producer will post earnings of $0.60 per share for the quarter. Jefferies Group also issued estimates for ConocoPhillips’ Q2 2018 earnings at $0.64 EPS, Q3 2018 earnings at $0.68 EPS, Q4 2018 earnings at $0.66 EPS and FY2018 earnings at $2.57 EPS.
ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, February 1st. The energy producer reported $0.45 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. ConocoPhillips had a negative net margin of 2.04% and a positive return on equity of 2.78%. The firm had revenue of $8.74 billion during the quarter, compared to analysts’ expectations of $7.70 billion. During the same period last year, the business earned ($0.26) earnings per share.
Shares of ConocoPhillips (NYSE COP) opened at $57.72 on Monday. ConocoPhillips has a 12-month low of $42.26 and a 12-month high of $61.31. The stock has a market cap of $69,010.00, a PE ratio of -88.80, a P/E/G ratio of 2.06 and a beta of 1.32. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.23 and a current ratio of 2.38.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Monday, February 12th will be given a dividend of $0.285 per share. The ex-dividend date is Friday, February 9th. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.27. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.98%. ConocoPhillips’s dividend payout ratio (DPR) is currently -163.08%.
ConocoPhillips declared that its Board of Directors has authorized a share repurchase plan on Wednesday, November 8th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the energy producer to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
In related news, Director Charles E. Bunch purchased 2,000 shares of the company’s stock in a transaction on Monday, December 11th. The stock was acquired at an average cost of $52.06 per share, for a total transaction of $104,120.00. Following the completion of the transaction, the director now directly owns 3,429 shares in the company, valued at $178,513.74. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.82% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of ConocoPhillips by 468.8% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,820 shares of the energy producer’s stock valued at $100,000 after acquiring an additional 1,500 shares during the last quarter. Krilogy Financial LLC grew its holdings in shares of ConocoPhillips by 48.6% in the second quarter. Krilogy Financial LLC now owns 2,392 shares of the energy producer’s stock valued at $105,000 after purchasing an additional 782 shares in the last quarter. Rocky Mountain Advisers LLC grew its holdings in shares of ConocoPhillips by 140.2% in the third quarter. Rocky Mountain Advisers LLC now owns 2,392 shares of the energy producer’s stock valued at $120,000 after purchasing an additional 1,396 shares in the last quarter. First Personal Financial Services grew its holdings in shares of ConocoPhillips by 111.9% in the fourth quarter. First Personal Financial Services now owns 2,649 shares of the energy producer’s stock valued at $145,000 after purchasing an additional 1,399 shares in the last quarter. Finally, Clear Perspective Advisors LLC grew its holdings in shares of ConocoPhillips by 75.5% in the second quarter. Clear Perspective Advisors LLC now owns 2,790 shares of the energy producer’s stock valued at $123,000 after purchasing an additional 1,200 shares in the last quarter. Institutional investors and hedge funds own 69.63% of the company’s stock.
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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.
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