Nippon Life Global Investors Americas Inc. held its position in shares of ConocoPhillips (NYSE:COP) during the first quarter, Holdings Channel reports. The firm owned 69,070 shares of the energy producer’s stock at the end of the first quarter. Nippon Life Global Investors Americas Inc.’s holdings in ConocoPhillips were worth $3,444,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Gemmer Asset Management LLC increased its position in shares of ConocoPhillips by 0.4% in the first quarter. Gemmer Asset Management LLC now owns 2,167 shares of the energy producer’s stock worth $108,000 after buying an additional 8 shares in the last quarter. Financial Management Professionals Inc. increased its position in shares of ConocoPhillips by 0.3% in the first quarter. Financial Management Professionals Inc. now owns 2,288 shares of the energy producer’s stock worth $114,000 after buying an additional 6 shares in the last quarter. Advocacy Wealth Management Services LLC increased its position in shares of ConocoPhillips by 4.5% in the first quarter. Advocacy Wealth Management Services LLC now owns 2,329 shares of the energy producer’s stock worth $116,000 after buying an additional 100 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of ConocoPhillips by 30.9% in the first quarter. Quadrant Capital Group LLC now owns 2,413 shares of the energy producer’s stock worth $109,000 after buying an additional 569 shares in the last quarter. Finally, Advantage Investment Management LLC increased its position in shares of 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 in the last quarter. 68.84% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips (NYSE COP) traded down 0.15% on Thursday, reaching $45.58. 1,385,524 shares of the company traded hands. ConocoPhillips has a one year low of $39.00 and a one year high of $53.17. The company’s market capitalization is $55.47 billion. The stock’s 50 day moving average price is $44.17 and its 200 day moving average price is $46.54.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, July 27th. The energy producer reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.16. The company had revenue of $8.88 billion during the quarter, compared to analyst estimates of $6.74 billion. ConocoPhillips had a negative net margin of 12.29% and a negative return on equity of 2.86%. During the same period last year, the business earned ($0.79) EPS. On average, equities research analysts predict that ConocoPhillips will post $0.25 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, July 24th will be given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Thursday, July 20th. ConocoPhillips’s dividend payout ratio (DPR) is -34.98%.

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A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of ConocoPhillips from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Scotiabank set a $54.00 target price on shares of ConocoPhillips and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Jefferies Group LLC set a $59.00 price target on shares of ConocoPhillips and gave the stock a “buy” rating in a report on Sunday, July 30th. BidaskClub upgraded shares of ConocoPhillips from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Finally, ValuEngine upgraded shares of ConocoPhillips from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $55.18.

In related news, VP James D. Mcmorran sold 9,091 shares of the stock in a transaction dated 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 filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.82% of the company’s stock.

ConocoPhillips Company Profile

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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