UBS Cuts Price Target as ConocoPhillips (COP) Cuts Dividends and Guidance

Scotia Howard Weil Downgrades ConocoPhillips (COP) to Sector Perform

February 5, 2016 9:14 AM EST

Scotia Howard Weil downgraded ConocoPhillips (NYSE: COP) from Outperform to Sector Perform.

For an analyst ratings summary and ratings history on ConocoPhillips click here. For more ratings news on ConocoPhillips click here.

Shares of ConocoPhillips closed at $35.32 yesterday.

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Societe Generale Downgrades ConocoPhillips (COP) to Hold

February 4, 2016 2:31 PM EST

Societe Generale downgraded ConocoPhillips (NYSE: COP) from Buy to Hold.

For an analyst ratings summary and ratings history on ConocoPhillips click here. For more ratings news on ConocoPhillips click here.

Shares of ConocoPhillips closed at $38.63 yesterday.

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Pre-Open Stock Movers 02/04: (VHC) (GLUU) (SEDG) Higher; (IMPV) (KSS) (GPRO) Lower (more...)

February 4, 2016 9:26 AM EST

VirnetX Holding (NYSE: VHC) 90.6% HIGHER; jury ruled that Apple's (Nasdaq: AAPL) FaceTime and iMessage infringe VirnetX Holding patents. Apple will pay $625.6 million in damages.

Glu Mobile Inc. (NASDAQ: GLUU) 23.4% HIGHER; announced the company has partnered with GRAMMY award-winning artist, Taylor Swift, on the development of a new mobile game. Swift will work exclusively with Glu as part of a multi-year... More

Conoco cuts dividend for first time in 25 years on crude crash

February 4, 2016 8:56 AM EST

(Reuters) - ConocoPhillips (NYSE: COP) slashed its quarterly dividend for the first time in at least 25 years and further lowered its capital budget for 2016 as a relentless fall in crude oil prices took its toll on the largest U.S. independent oil company.

Shares of ConocoPhillips, which reported a bigger-than-expected quarterly loss, fell 4 percent to $37.08.

Global crude oil prices have dropped about 70 percent from their 2014 high of over $100 barrel, eroding profitability at nearly all oil producers and limiting their ability to award shareholders cash.

Exxon Mobil Corp (NYSE:... More

ConocoPhillips (COP) Lowers Quarterly Dividend 66.2% to $0.25; 2.6% Yield

February 4, 2016 7:05 AM EST

ConocoPhillips (NYSE: COP) declared a quarterly dividend of $0.25 per share, or $1 annualized. This is a 66.2% decrease from the prior dividend of $.74.

The dividend will be payable on March 1, 2016, to stockholders of record on February 16, 2016, with an ex-dividend date of February 11,... More

ConocoPhillips (COP) Misses Q4 EPS by 25c; Slashes Dividend 66%

February 4, 2016 7:04 AM EST

ConocoPhillips (NYSE: COP) reported Q4 EPS of ($0.90), $0.25 worse than the analyst estimate of ($0.65).

The company announced that its board of directors approved a reduction in the companys quarterly dividend to 25 cents per share, compared with the previous quarterly dividend of 74 cents per share. The dividend is payable on March 1, 2016 to... More

Trading Radar for 2/4: Cigna (CI), ConocoPhillips (COP), LinkedIn (LNKD), Occidental (OXY), News Corp. (NWSA) Report

February 3, 2016 2:27 PM EST

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
8:30am EST

Initial Claims - Street sees 275kContinuing Claims - Street sees 2.253MProductivity: Prelim. - Street sees (1.7%)Unit Labor Costs: Prelim. - Street sees 3.8%

Earnings:

Abiomed (Nasdaq: ABMD) - consensus EPS $0.15
AmerisourceBergen (NYSE: ABC) - consensus EPS $1.25
Arrow Electronics (NYSE: ARW) - consensus EPS $1.83
Asbury Automotive Group... More