National Pension Service lifted its stake in ConocoPhillips (NYSE:COP) by 10.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,002,788 shares of the energy producer’s stock after acquiring an additional 93,852 shares during the quarter. National Pension Service owned approximately 0.08% of ConocoPhillips worth $44,203,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of COP. Waldron LP increased its stake in shares of ConocoPhillips by 44.5% in the first quarter. Waldron LP now owns 7,072 shares of the energy producer’s stock worth $350,000 after acquiring an additional 2,178 shares during the last quarter. Meyer Handelman Co. increased its stake in shares of ConocoPhillips by 1.2% in the first quarter. Meyer Handelman Co. now owns 123,007 shares of the energy producer’s stock worth $6,134,000 after acquiring an additional 1,400 shares during the last quarter. Argyle Capital Management Inc. increased its stake in shares of ConocoPhillips by 2.4% in the first quarter. Argyle Capital Management Inc. now owns 56,471 shares of the energy producer’s stock worth $2,816,000 after acquiring an additional 1,300 shares during the last quarter. Exencial Wealth Advisors LLC increased its stake in shares of ConocoPhillips by 0.7% in the first quarter. Exencial Wealth Advisors LLC now owns 34,824 shares of the energy producer’s stock worth $1,672,000 after acquiring an additional 231 shares during the last quarter. Finally, Moloney Securities Asset Management LLC increased its stake in shares of ConocoPhillips by 0.7% in the first quarter. Moloney Securities Asset Management LLC now owns 9,401 shares of the energy producer’s stock worth $469,000 after acquiring an additional 69 shares during the last quarter. 68.90% of the stock is currently owned by institutional investors and hedge funds.

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ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, July 27th. The energy producer reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.16. The company had revenue of $8.88 billion for the quarter, compared to analyst estimates of $6.74 billion. ConocoPhillips had a negative net margin of 12.29% and a negative return on equity of 2.86%. During the same period in the previous year, the business earned ($0.79) EPS.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, July 24th were paid a dividend of $0.265 per share. The ex-dividend date was Thursday, July 20th. This represents a $1.06 annualized dividend and a dividend yield of 2.16%. ConocoPhillips’s dividend payout ratio is presently -34.98%.

A number of research firms have recently weighed in on COP. Scotiabank set a $54.00 price target on shares of ConocoPhillips and gave the stock a “buy” rating in a research note on Saturday, July 1st. BidaskClub downgraded shares of ConocoPhillips from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Zacks Investment Research raised shares of ConocoPhillips from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Piper Jaffray Companies set a $45.00 price target on shares of ConocoPhillips and gave the stock a “buy” rating in a research note on Friday, August 25th. Finally, Jefferies Group LLC set a $59.00 target price on shares of ConocoPhillips and gave the stock a “buy” rating in a research report on Sunday, July 30th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $54.19.

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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