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

May 3, 2018 - By Charla Downs

ConocoPhillips (NYSE:COP) Corporate LogoDuring Q4 2017 the big money sentiment increased to 0.72. That’s change of 0.09, from 2017Q3’s 0.63. 42 investors sold all, 534 reduced holdings as COP ratio is positive. 296 grew positions while 121 funds took positions. Funds hold 805.62 million shares thus 1.13% less from 2017Q3’s 814.86 million shares. Moreover, Fagan has 1.2% invested in ConocoPhillips (NYSE:COP). 10,175 are owned by Northern Cap Management Ltd Limited Liability Company. Brighton Jones Limited has invested 0.04% of its capital in ConocoPhillips (NYSE:COP). Cranbrook Wealth Mgmt Ltd Company has 259 shs. Cullinan Associate holds 0.12% or 28,600 shs in its capital. Css Lc Il has invested 0.02% in ConocoPhillips (NYSE:COP). The New York-based Global X Mngmt Ltd Liability Com has invested 0.02% in ConocoPhillips (NYSE:COP). New York State Common Retirement Fund accumulated 0.25% or 3.74M shs. Gofen And Glossberg Ltd Liability Corp Il, a Illinois-based fund reported 18,898 shs. Cornerstone holds 1.07% or 115,102 shs in its capital. Citadel Advsrs Lc reported 0% in ConocoPhillips (NYSE:COP). Mcrae Capital Incorporated holds 1.89% or 81,628 shs. Louisiana State Employees Retirement Systems reported 0.18% stake. Catawba Management Va owns 35,474 shs or 0.44% of their US capital. Legal & General Public Limited reported 0.26% of its capital in ConocoPhillips (NYSE:COP).

COP had 2 insider sales and 0 insider purchases since March 29, 2018. This’s net activity of $1.72 million. 3,716 ConocoPhillips (NYSE:COP) shs with value of $243,586 were sold by Freeman Jody.

Argent Capital Management Llc upped its holdings by 16.65% in Conocophillips (COP), according to 2017Q4 Securities and Exchange filling. 56,657 shares were bought by Argent Capital Management Llc as the company’s stock rose 6.56% while stock markets declined. The integrated oil company at the end of 2017Q4 was priced at $23.34M. It’s up from 340,195 at the end of the previous reported quarter. Now it had 396,852 shares held by the institutional investor . 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 1.34M shares.

ConocoPhillips (NYSE:COP) Ratings Coverage

Total analysts of 14 have positions in Conocophillips (NYSE:COP) as follows: 9 rated it a “Buy”, 0 with “Sell” and 5 with “Hold”. The positive are 64%. The firm has $78 highest while $50.0 is the lowest target price. The average target $65.08 is -0.46% below the last ($65.38) price. Since November 9, 2017 according to StockzIntelligence Inc Conocophillips has 24 analyst reports. On Thursday, April 19 Edward Jones downgraded the shares of COP in report to “Hold” rating. On Monday, February 5 the stock of ConocoPhillips (NYSE:COP) earned “Buy” rating by Piper Jaffray. The company rating was maintained by RBC Capital Markets on Thursday, February 1. On Thursday, November 9 the stock has “Buy” rating by RBC Capital Markets. On Thursday, April 26 the firm has “Neutral” rating by Macquarie Research given. On Friday, February 9 the firm has “Buy” rating given by Citigroup. In Wednesday, December 20 report RBC Capital Markets maintained it with “Buy” rating and $61.0 target. On Thursday, November 9 the firm earned “Buy” rating by Piper Jaffray. On Wednesday, January 24 the firm earned “Equal-Weight” rating by Morgan Stanley. On Tuesday, November 21 the stock has “Buy” rating by Piper Jaffray.

ConocoPhillips (NYSE:COP) Institutional Investors Chart

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