Edmond DE Rothschild Holding S.A. boosted its stake in shares of ConocoPhillips (NYSE:COP) by 55.8% during the first quarter, Holdings Channel reports. The fund owned 13,400 shares of the energy producer’s stock after buying an additional 4,800 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in ConocoPhillips were worth $668,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC increased its position in ConocoPhillips by 6.9% in the first quarter. FMR LLC now owns 61,497,903 shares of the energy producer’s stock valued at $3,066,900,000 after buying an additional 3,982,002 shares during the last quarter. Wellington Management Group LLP increased its position in ConocoPhillips by 255.3% in the first quarter. Wellington Management Group LLP now owns 12,803,885 shares of the energy producer’s stock valued at $638,530,000 after buying an additional 9,200,014 shares during the last quarter. First Eagle Investment Management LLC increased its position in ConocoPhillips by 21.0% in the first quarter. First Eagle Investment Management LLC now owns 10,065,496 shares of the energy producer’s stock valued at $501,966,000 after buying an additional 1,744,860 shares during the last quarter. Legal & General Group Plc increased its position in ConocoPhillips by 0.4% in the first quarter. Legal & General Group Plc now owns 7,116,318 shares of the energy producer’s stock valued at $354,889,000 after buying an additional 31,219 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in ConocoPhillips by 0.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 5,984,477 shares of the energy producer’s stock valued at $298,446,000 after buying an additional 22,516 shares during the last quarter. 68.84% of the stock is currently owned by institutional investors.

Shares of ConocoPhillips (NYSE:COP) traded down 0.1777% on Friday, hitting $44.8901. The stock had a trading volume of 1,069,677 shares. The company’s market capitalization is $54.63 billion. ConocoPhillips has a 1-year low of $39.00 and a 1-year high of $53.17. The firm has a 50-day moving average of $44.17 and a 200 day moving average of $46.53.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, July 27th. The energy producer reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.16. ConocoPhillips had a negative net margin of 12.29% and a negative return on equity of 2.86%. The company had revenue of $8.88 billion for the quarter, compared to analysts’ expectations of $6.74 billion. During the same quarter in the previous year, the company earned ($0.79) earnings per share. On average, equities analysts anticipate that ConocoPhillips will post $0.25 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 given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Thursday, July 20th. ConocoPhillips’s dividend payout ratio is currently -34.98%.

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Several equities research analysts recently issued reports on COP shares. BidaskClub cut ConocoPhillips from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 27th. Cowen and Company reiterated a “buy” rating on shares of ConocoPhillips in a research note on Friday, April 14th. Citigroup Inc. cut their price target on ConocoPhillips from $65.00 to $57.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Royal Bank Of Canada set a $62.00 price target on ConocoPhillips and gave the company a “buy” rating in a research note on Sunday, July 16th. Finally, Sanford C. Bernstein cut ConocoPhillips from an “outperform” rating to a “market perform” rating and cut their price target for the company from $63.00 to $42.00 in a research note on Thursday, July 6th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. ConocoPhillips has a consensus rating of “Buy” and an average price target of $55.18.

In related news, VP James D. Mcmorran sold 9,091 shares of the business’s 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 legal filing with the SEC, which is accessible through this link. 0.82% of the stock is owned by insiders.

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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