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Conocophillips COP - News Analyzed: 3,985 - Last Week: 100 - Last Month: 500

↗ Institutional Investors Hold Steady on ConocoPhillips (COP) Despite Mixed Market Responses, Forecasted Gains Ahead of Dividend

Institutional Investors Hold Steady on ConocoPhillips (COP) Despite Mixed Market Responses, Forecasted Gains Ahead of Dividend
In recent news, ConocoPhillips (COP) demonstrated significant gains within a dipping market, leading a boost from SageView Advisory Group LLC in their stake within the company. Despite temporary weaknesses flagged in ConocoPhillips' stock, its strong fundamentals are seen as a promising recovery indicator. Interestingly, Robeco Institutional Asset Management B.V and TBH Global Asset Management LLC have slightly reduced their stakes in ConocoPhillips, indicating a changing investor strategy. With the Q2 2024 earnings per share forecasted at $2.30, experts suggest that COP stock might be oversold. It's worth noting that ConocoPhillips' institutional shareholders control 83% of the company, promoting stability. In Q1 2024, ConocoPhillips' earnings fall short of profit estimates due to lower gas prices with the stock witnessing a -1.8% move. However, ConocoPhillips is considerably attracting investors' attention, boasting a 148% gain over the past three years. Despite missing Q1 estimates for adjusted earnings, ConocoPhillips declared dividends and some sources suggest that the company could be a good buy ahead of its upcoming dividend. While being vulnerable to a US recession, ConocoPhillips' Alaska Oil Project has received approval from the Biden administration, further strengthening its position.

Conocophillips COP News Analytics from Thu, 03 Aug 2023 07:00:00 GMT to Sun, 26 May 2024 15:47:06 GMT - Rating 2 - Innovation 0 - Information 5 - Rumor -8

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