Washington Trust Bank continued to hold its position in ConocoPhillips (NYSE:COP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,768 shares of the energy producer’s stock at the end of the second quarter. Washington Trust Bank’s holdings in ConocoPhillips were worth $122,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in 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. 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. First Command Bank boosted its stake in ConocoPhillips by 9.4% in the second quarter. First Command Bank now owns 2,313 shares of the energy producer’s stock worth $101,000 after buying an additional 199 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, 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. Hedge funds and other institutional investors own 68.84% of the company’s stock.

ConocoPhillips (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. ConocoPhillips has a 52 week low of $39.00 and a 52 week high of $53.17. The firm’s market capitalization is $54.51 billion. The firm has a 50-day moving average price of $44.17 and a 200-day moving average price of $46.50.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, July 24th will be given a dividend of $0.265 per share. The ex-dividend date of this dividend is Thursday, July 20th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.37%. ConocoPhillips’s dividend payout ratio (DPR) is presently -34.98%.

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A number of research firms have weighed in on COP. Zacks Investment Research raised ConocoPhillips from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. BidaskClub raised ConocoPhillips from a “sell” rating to a “hold” rating in a research report on Friday. Scotiabank set a $54.00 price objective on ConocoPhillips and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Jefferies Group LLC set a $59.00 price objective on ConocoPhillips and gave the stock a “buy” rating in a research report on Sunday, July 30th. Finally, Cowen and Company set a $55.00 price objective on ConocoPhillips and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $55.18.

In other news, VP James D. Mcmorran sold 9,091 shares of the stock in a transaction on Friday, May 19th. The stock was 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 Securities & Exchange Commission, which is accessible through the SEC website. 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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