Argent Capital Management LLC Has Boosted Its Conocophillips (COP) Position

April 23, 2018 - By Winifred Garcia

ConocoPhillips (NYSE:COP) LogoInvestors sentiment increased to 0.72 in 2017 Q4. Its up 0.09, from 0.63 in 2017Q3. It improved, as 42 investors sold COP shares while 534 reduced holdings. 121 funds opened positions while 296 raised stakes. 805.62 million shares or 1.13% less from 814.86 million shares in 2017Q3 were reported. Tennessee-based Ftb Advisors Incorporated has invested 0.04% in ConocoPhillips (NYSE:COP). Pacific Glob Mgmt accumulated 0.06% or 5,208 shares. Institute For Wealth Ltd stated it has 0.2% of its portfolio in ConocoPhillips (NYSE:COP). Kidder Stephen W owns 6,005 shares or 0.12% of their US portfolio. Northcoast Asset Management Limited invested in 119,321 shares or 0.59% of the stock. Global Invsts has invested 0.07% of its portfolio in ConocoPhillips (NYSE:COP). Cohen Klingenstein Ltd Liability Corporation has 0.07% invested in ConocoPhillips (NYSE:COP) for 8,500 shares. Amundi Pioneer Asset holds 649,501 shares. Pnc Financial Services Group Inc Inc invested in 0.15% or 2.81M shares. Aqr Mgmt Limited Liability Company has invested 0.02% in ConocoPhillips (NYSE:COP). State Street reported 0.27% stake. Wright Investors Ser Inc reported 0.35% of its portfolio in ConocoPhillips (NYSE:COP). Cambridge Inv Research Inc invested in 133,944 shares or 0.09% of the stock. Aldebaran Fincl reported 8,079 shares or 0.29% of all its holdings. Fruth invested 0.44% in ConocoPhillips (NYSE:COP).

Since March 29, 2018, it had 0 insider purchases, and 1 sale for $1.47 million activity.

Argent Capital Management Llc increased its stake in Conocophillips (COP) by 16.65% based on its latest 2017Q4 regulatory filing with the SEC. Argent Capital Management Llc bought 56,657 shares as the company’s stock rose 6.56% while stock markets declined. The institutional investor held 396,852 shares of the integrated oil company at the end of 2017Q4, valued at $23.34 million, up from 340,195 at the end of the previous reported quarter. Argent Capital Management Llc who had been investing in Conocophillips for a number of months, seems to be bullish on the $76.12 billion market cap company. The stock decreased 1.20% or $0.79 during the last trading session, reaching $65. About 3.95M shares traded. ConocoPhillips (NYSE:COP) has risen 33.53% since April 23, 2017 and is uptrending. It has outperformed by 21.98% the S&P500.

ConocoPhillips (NYSE:COP) Ratings Coverage

Among 14 analysts covering ConocoPhillips (NYSE:COP), 10 have Buy rating, 0 Sell and 4 Hold. Therefore 71% are positive. ConocoPhillips had 23 analyst reports since October 27, 2017 according to SRatingsIntel. Jefferies downgraded the stock to “Hold” rating in Thursday, April 19 report. Piper Jaffray maintained it with “Buy” rating and $65.0 target in Monday, February 5 report. The company was maintained on Tuesday, January 23 by Piper Jaffray. Wells Fargo maintained it with “Outperform” rating and $60 target in Friday, October 27 report. RBC Capital Markets maintained it with “Buy” rating and $63.0 target in Thursday, February 1 report. The firm has “Overweight” rating by Barclays Capital given on Friday, February 2. As per Thursday, November 9, the company rating was maintained by Piper Jaffray. RBC Capital Markets maintained ConocoPhillips (NYSE:COP) on Friday, April 13 with “Buy” rating. The rating was maintained by Cowen & Co on Thursday, January 18 with “Buy”. The firm has “Overweight” rating by Barclays Capital given on Friday, October 27.

ConocoPhillips (NYSE:COP) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.