West Oak Capital LLC decreased its stake in ConocoPhillips (NYSE:COP) by 1.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,203 shares of the energy producer’s stock after selling 122 shares during the period. West Oak Capital LLC’s holdings in ConocoPhillips were worth $492,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Moloney Securities Asset Management LLC boosted its holdings in shares of ConocoPhillips by 0.7% in the 1st quarter. Moloney Securities Asset Management LLC now owns 9,401 shares of the energy producer’s stock valued at $469,000 after buying an additional 69 shares in the last quarter. Barber Financial Group Inc. boosted its holdings in shares of ConocoPhillips by 1.0% in the 1st quarter. Barber Financial Group Inc. now owns 7,213 shares of the energy producer’s stock valued at $360,000 after buying an additional 74 shares in the last quarter. AT Bancorp boosted its holdings in shares of ConocoPhillips by 0.7% in the 1st quarter. AT Bancorp now owns 11,091 shares of the energy producer’s stock valued at $553,000 after buying an additional 80 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its holdings in shares of ConocoPhillips by 0.8% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 9,839 shares of the energy producer’s stock valued at $491,000 after buying an additional 80 shares in the last quarter. Finally, Advisor Partners LLC boosted its holdings in shares of ConocoPhillips by 0.5% in the 1st quarter. Advisor Partners LLC now owns 16,867 shares of the energy producer’s stock valued at $841,000 after buying an additional 82 shares in the last quarter. Institutional investors and hedge funds own 68.99% of the company’s stock.

Several analysts recently commented on COP shares. Wolfe Research downgraded shares of ConocoPhillips from an “outperform” rating to a “market perform” rating in a research report on Monday, July 17th. Scotiabank set a $54.00 price target on shares of ConocoPhillips and gave the company a “buy” rating in a research report on Saturday, July 1st. ValuEngine upgraded shares of ConocoPhillips from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. BidaskClub downgraded shares of ConocoPhillips from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 27th. Finally, Citigroup Inc. reduced their price target on shares of ConocoPhillips from $65.00 to $57.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Three research analysts have rated the stock with a sell rating, nine 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 has a consensus rating of “Buy” and a consensus target price of $54.19.

Shares of ConocoPhillips (NYSE:COP) traded up 0.37% during trading on Thursday, hitting $45.73. 2,699,396 shares of the stock were exchanged. ConocoPhillips has a 12-month low of $39.00 and a 12-month high of $53.17. The stock has a 50-day moving average of $44.31 and a 200 day moving average of $45.67. The stock’s market cap is $55.65 billion.

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 during the quarter, compared to the consensus estimate of $6.74 billion. During the same quarter in the previous year, the company posted ($0.79) earnings per share. Equities analysts predict that ConocoPhillips will post $0.26 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, July 24th were issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 2.33%. The ex-dividend date was Thursday, July 20th. ConocoPhillips’s dividend payout ratio (DPR) is -34.98%.

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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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