Marble Harbor Investment Counsel LLC reduced its position in shares of ConocoPhillips (NYSE:COP) by 1.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 5,914 shares of the energy producer’s stock after selling 100 shares during the period. Marble Harbor Investment Counsel LLC’s holdings in ConocoPhillips were worth $295,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of COP. Advantage Investment Management LLC boosted its stake in ConocoPhillips by 65.3% in the first quarter. Advantage Investment Management LLC now owns 2,425 shares of the energy producer’s stock worth $121,000 after buying an additional 958 shares during the last quarter. Warren Averett Asset Management LLC boosted its stake in ConocoPhillips by 11.8% in the first quarter. Warren Averett Asset Management LLC now owns 6,099 shares of the energy producer’s stock worth $304,000 after buying an additional 645 shares during the last quarter. Eagle Asset Management Inc. boosted its stake in ConocoPhillips by 1.0% in the first quarter. Eagle Asset Management Inc. now owns 30,648 shares of the energy producer’s stock worth $1,528,000 after buying an additional 307 shares during the last quarter. Paragon Capital Management LLC boosted its stake in ConocoPhillips by 13.8% in the first quarter. Paragon Capital Management LLC now owns 169,665 shares of the energy producer’s stock worth $8,461,000 after buying an additional 20,521 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in ConocoPhillips by 22.8% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 124,637 shares of the energy producer’s stock worth $6,216,000 after buying an additional 23,139 shares during the last quarter. 67.60% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips (COP) opened at 43.45 on Monday. The stock’s 50 day moving average is $45.46 and its 200-day moving average is $47.90. ConocoPhillips has a 12 month low of $38.80 and a 12 month high of $53.17. The firm’s market capitalization is $53.75 billion.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Tuesday, May 2nd. The energy producer reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.05. The company had revenue of $7.77 billion for the quarter, compared to the consensus estimate of $7.47 billion. ConocoPhillips had a negative net margin of 5.05% and a negative return on equity of 5.92%. During the same period last year, the firm posted ($0.95) earnings per share. Equities analysts anticipate that ConocoPhillips will post $0.27 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, July 24th will be issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Thursday, July 20th. ConocoPhillips’s dividend payout ratio (DPR) is presently -95.50%.

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A number of research firms recently weighed in on COP. Sanford C. Bernstein cut shares of ConocoPhillips from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $63.00 to $42.00 in a research note on Thursday, July 6th. Scotiabank set a $54.00 target price on shares of ConocoPhillips and gave the company a “buy” rating in a research note on Saturday, July 1st. BidaskClub cut shares of ConocoPhillips from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 27th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $52.00 target price on shares of ConocoPhillips in a research note on Thursday, June 22nd. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $62.00 target price on shares of ConocoPhillips in a research note on Thursday, June 15th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $55.77.

In related news, VP James D. Mcmorran sold 9,091 shares of ConocoPhillips stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $47.47, for a total transaction of $431,549.77. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.82% of the company’s stock.

About ConocoPhillips

ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through five segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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