CenturyLink Investment Management Co increased its position in shares of ConocoPhillips (NYSE:COP) by 5.7% during the third quarter, Holdings Channel reports. The firm owned 31,253 shares of the company’s stock after buying an additional 1,692 shares during the period. CenturyLink Investment Management Co’s holdings in ConocoPhillips were worth $1,359,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. Trust Co raised its stake in ConocoPhillips by 11.0% in the first quarter. Trust Co now owns 40,388 shares of the company’s stock worth $1,627,000 after buying an additional 4,005 shares during the period. Chevy Chase Trust Holdings Inc. raised its stake in ConocoPhillips by 1.3% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 1,063,699 shares of the company’s stock worth $46,376,000 after buying an additional 13,717 shares during the period. Stillwater Investment Management LLC raised its stake in ConocoPhillips by 7.2% in the second quarter. Stillwater Investment Management LLC now owns 29,075 shares of the company’s stock worth $1,268,000 after buying an additional 1,962 shares during the period. Exxonmobil Investment Management Inc. TX raised its stake in ConocoPhillips by 6.5% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 320,557 shares of the company’s stock worth $13,976,000 after buying an additional 19,572 shares during the period. Finally, DNB Asset Management AS raised its stake in ConocoPhillips by 4.0% in the second quarter. DNB Asset Management AS now owns 108,723 shares of the company’s stock worth $4,740,000 after buying an additional 4,200 shares during the period. 63.51% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

ConocoPhillips (NYSE:COP) traded up 9.70% during trading on Wednesday, hitting $48.52. The stock had a trading volume of 20,897,840 shares. ConocoPhillips has a 12 month low of $31.05 and a 12 month high of $52.98. The firm has a 50 day moving average of $43.79 and a 200-day moving average of $42.86. The stock’s market cap is $60.12 billion.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, October 27th. The company reported ($0.66) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.69) by $0.03. ConocoPhillips had a negative net margin of 29.45% and a negative return on equity of 10.68%. During the same quarter in the prior year, the firm earned ($0.38) earnings per share. Equities analysts predict that ConocoPhillips will post ($2.83) earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, October 17th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Thursday, October 13th. ConocoPhillips’s dividend payout ratio is presently -17.67%.

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A number of research analysts have commented on COP shares. Jefferies Group upped their price target on ConocoPhillips to $46.00 and gave the company a “hold” rating in a research report on Monday, November 14th. Vetr raised ConocoPhillips from a “buy” rating to a “strong-buy” rating and set a $50.61 price target for the company in a research report on Tuesday, November 8th. CLSA lowered ConocoPhillips from an “outperform” rating to an “underperform” rating in a research report on Tuesday, November 15th. RBC Capital Markets reaffirmed an “outperform” rating and set a $53.00 price target (up previously from $52.00) on shares of ConocoPhillips in a research report on Monday, October 31st. Finally, Credit Suisse Group AG reaffirmed a “neutral” rating on shares of ConocoPhillips in a research report on Tuesday, September 6th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $51.73.

About ConocoPhillips

ConocoPhillips (ConocoPhillips) is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas and liquefied natural gas (LNG). The Company operates through six operating segments, which are primarily defined by geographic region: Alaska; Lower 48; Canada; Europe and North Africa; Asia Pacific and Middle East, and Other International.

5 Day Chart for NYSE:COP

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