Kovitz Investment Group Partners LLC increased its position in ConocoPhillips (NYSE:COP) by 0.8% during the first quarter, Holdings Channel reports. The fund owned 9,839 shares of the energy producer’s stock after buying an additional 80 shares during the period. Kovitz Investment Group Partners LLC’s holdings in ConocoPhillips were worth $491,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Gemmer Asset Management LLC boosted its stake in 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 during the last quarter. Quadrant Capital Group LLC boosted its stake in 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 during the last quarter. Financial Management Professionals Inc. boosted its stake in 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 during the last quarter. Advocacy Wealth Management Services LLC boosted its stake in 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 during the last quarter. Finally, Westside Investment Management Inc. boosted its stake in ConocoPhillips by 468.4% in the first quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer’s stock worth $119,000 after buying an additional 2,000 shares during the last quarter. 68.84% of the stock is owned by institutional investors.

ConocoPhillips (NYSE:COP) traded down 0.40% during trading on Friday, reaching $44.79. The company’s stock had a trading volume of 4,206,885 shares. The firm has a 50-day moving average price of $44.17 and a 200-day moving average price of $46.50. The firm’s market capitalization is $54.51 billion. ConocoPhillips has a 52 week low of $39.00 and a 52 week high of $53.17.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, July 24th will be issued a $0.265 dividend. The ex-dividend date of this dividend is Thursday, July 20th. This represents a $1.06 annualized dividend and a dividend yield of 2.37%. ConocoPhillips’s dividend payout ratio is currently -34.98%.

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A number of equities analysts have recently issued reports on the company. Scotiabank set a $54.00 target price on ConocoPhillips and gave the stock a “buy” rating in a research note on Saturday, July 1st. Royal Bank Of Canada reissued a “buy” rating and set a $62.00 target price on shares of ConocoPhillips in a research note on Thursday, June 15th. Jefferies Group LLC raised ConocoPhillips from a “hold” rating to a “buy” rating and increased their target price for the stock from $55.00 to $59.00 in a research note on Wednesday, May 17th. Cowen and Company set a $55.00 target price on ConocoPhillips and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Finally, Citigroup Inc. cut their target price on ConocoPhillips from $65.00 to $57.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. ConocoPhillips currently has a consensus rating of “Buy” and an average target price of $55.18.

In other ConocoPhillips news, VP James D. Mcmorran sold 9,091 shares of the company’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $47.47, for a total value of $431,549.77. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.82% of the stock is currently owned by corporate insiders.

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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