Argent Capital Management LLC Increased Stake in Conocophillips (COP) by $3.29 Million

May 3, 2018 - By Jeanette Garcia

ConocoPhillips (NYSE:COP) Corporate LogoBig Money Sentiment increased to 0.72 in Q4 2017. It has change of 0.09, from 2017Q3’s 0.63. The ratio is positive due to COP positioning: 42 sold and 534 reduced. 121 funds bought positions and 296 increased positions. Investors holded 814.86 million in 2017Q3 but now own 805.62 million shares or 1.13% less. Pettyjohn Wood And White accumulated 11,263 shs or 0.22% of the stock. North Star Asset Mgmt, Wisconsin-based fund reported 11,641 shs. California-based Shelton Capital Management has invested 0.32% in ConocoPhillips (NYSE:COP). Private Na has invested 0.19% in ConocoPhillips (NYSE:COP). Lodestar Inv Counsel Ltd Liability Il owns 28,353 shs. Central Fincl Bank And Tru Co invested 0% of its capital in ConocoPhillips (NYSE:COP). Vaughan Nelson Investment Mngmt Limited Partnership has 19,825 shs for 0.01% of their capital. Salem Investment Counselors holds 0.18% or 29,987 shs. Fny Managed Accounts Ltd Liability invested 0.01% in ConocoPhillips (NYSE:COP). Wilkins Inv Counsel has 9,152 shs. 337,118 are held by Arizona State Retirement System. The Pennsylvania-based Godshalk Welsh Capital Management has invested 1.21% in ConocoPhillips (NYSE:COP). Washington invested in 10,767 shs. Profund Advsr Llc invested in 64,116 shs. 1832 Asset Mgmt Ltd Partnership has invested 0.03% in ConocoPhillips (NYSE:COP).

COP had 2 selling transactions and 0 insider buys since March 29, 2018. This’s net activity of $1.72 million. $243,586 worth of stock was sold by Freeman Jody on Monday, April 30.

Based on the latest 2017Q4 regulatory filing with the SEC, Argent Capital Management Llc rose its stake in Conocophillips (COP) by 16.65%. The company’s stock rose 6.56% while stock markets declined as Argent Capital Management Llc bought 56,657 shares. The integrated oil company reported $23.34 million value for the 2017Q4. Now the institutional investor is holding 396,852 shares, compared to the 340,195 from the previous quarter. Argent Capital Management Llc has cut its stake in and also reduced its holding in Boston Scientific Corporation (NYSE:BSX) by 647,753 shares in the quarter, for a total of 1.34 million shares.

ConocoPhillips (NYSE:COP) Ratings Coverage

A total of 14 analysts rate Conocophillips (NYSE:COP) as follows: 9 “Buy”, 5 “Hold” and 0 “Sell”. Тherefore 64% are bullish. The firm has $78 highest and $50.0 lowest target. The avg target $65.08 is -0.46% below the last ($65.38) price. (NYSE:COP) has 24 ratings reports on 3 May 2018 according to StockzIntelligence. The company rating was upgraded by Goldman Sachs on Wednesday, December 13. On Wednesday, January 24 the rating was maintained by Morgan Stanley with “Equal-Weight”. On Thursday, November 9 the company was maintained by Piper Jaffray. In Tuesday, November 21 report Piper Jaffray maintained it with “Buy” rating and $56.0 target. On Friday, February 2 Barclays Capital maintained ConocoPhillips (NYSE:COP) with “Overweight” rating. On Friday, January 19 the stock of ConocoPhillips (NYSE:COP) has “Buy” rating given by Jefferies. On Friday, February 9 the firm earned “Buy” rating by Citigroup. On Wednesday, December 20 the firm has “Buy” rating by RBC Capital Markets given. On Monday, April 9 Scotia Capital maintained ConocoPhillips (NYSE:COP) with “Buy” rating. On Friday, April 13 the company was maintained by RBC Capital Markets.

ConocoPhillips (NYSE:COP) Institutional Investors Chart

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