Stokes & Hubbell Capital Management LLC increased its position in ConocoPhillips (NYSE:COP) by 0.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,186 shares of the energy producer’s stock after buying an additional 9 shares during the period. Stokes & Hubbell Capital Management LLC’s holdings in ConocoPhillips were worth $404,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. First Command Bank raised its position in ConocoPhillips by 9.4% during the second quarter. First Command Bank now owns 2,313 shares of the energy producer’s stock valued at $101,000 after purchasing an additional 199 shares during the period. Westside Investment Management Inc. raised its position in ConocoPhillips by 468.4% during the first quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer’s stock valued at $119,000 after purchasing an additional 2,000 shares during the period. Advantage Investment Management LLC raised its position in ConocoPhillips by 65.3% during the first quarter. Advantage Investment Management LLC now owns 2,425 shares of the energy producer’s stock valued at $121,000 after purchasing an additional 958 shares during the period. Massey Quick & Co. LLC purchased a new stake in ConocoPhillips during the first quarter valued at approximately $123,000. Finally, Harbour Capital Advisors LLC purchased a new stake in ConocoPhillips during the first quarter valued at approximately $123,000. Institutional investors own 68.90% of the company’s stock.

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada set a $54.00 price target on ConocoPhillips and gave the stock a “buy” rating in a report on Thursday, August 24th. Citigroup Inc. reduced their price target on ConocoPhillips from $65.00 to $57.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Jefferies Group LLC set a $59.00 price target on ConocoPhillips and gave the stock a “buy” rating in a report on Sunday, July 30th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $52.00 price target on shares of ConocoPhillips in a report on Thursday, June 22nd. Finally, Bank of America Corporation upgraded ConocoPhillips from a “neutral” rating to a “buy” rating and increased their price target for the stock from $51.00 to $58.00 in a report on Friday, July 28th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. ConocoPhillips has an average rating of “Buy” and a consensus target price of $54.19.

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Shares of ConocoPhillips (NYSE:COP) traded up 1.058% during trading on Friday, reaching $49.205. The company had a trading volume of 3,520,690 shares. 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 $44.59 and a 200 day moving average of $45.61. The firm’s market capitalization is $59.88 billion. ConocoPhillips also saw some unusual options trading activity on Wednesday. Stock traders purchased 13,607 put options on the stock. This represents an increase of approximately 309% compared to the typical volume of 3,327 put options.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data 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 prior year, the firm posted ($0.79) earnings per share. Analysts expect that ConocoPhillips will post $0.27 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, July 24th were paid a $0.265 dividend. The ex-dividend date of this dividend was Thursday, July 20th. This represents a $1.06 annualized dividend and a yield of 2.18%. ConocoPhillips’s dividend payout ratio is presently -34.98%.

ConocoPhillips 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.

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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