Schwab Charles Investment Management Inc. grew its holdings in ConocoPhillips (NYSE:COP) by 5.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,300,212 shares of the energy producer’s stock after acquiring an additional 315,735 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.52% of ConocoPhillips worth $276,958,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. State Street Corp boosted its holdings in ConocoPhillips by 3.9% in the first quarter. State Street Corp now owns 65,388,296 shares of the energy producer’s stock worth $3,260,918,000 after acquiring an additional 2,452,533 shares in the last quarter. FMR LLC boosted its holdings in ConocoPhillips by 6.9% in the first quarter. FMR LLC now owns 61,497,903 shares of the energy producer’s stock worth $3,066,900,000 after acquiring an additional 3,982,002 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in ConocoPhillips by 1.1% in the first quarter. Macquarie Group Ltd. now owns 15,981,830 shares of the energy producer’s stock worth $797,013,000 after acquiring an additional 176,055 shares in the last quarter. Wellington Management Group LLP boosted its holdings in ConocoPhillips by 255.3% in the first quarter. Wellington Management Group LLP now owns 12,803,885 shares of the energy producer’s stock worth $638,530,000 after acquiring an additional 9,200,014 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in ConocoPhillips by 21.0% in the first quarter. First Eagle Investment Management LLC now owns 10,065,496 shares of the energy producer’s stock worth $501,966,000 after acquiring an additional 1,744,860 shares in the last quarter. 68.90% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have weighed in on the company. Royal Bank Of Canada reissued a “buy” rating and issued a $54.00 price target on shares of ConocoPhillips in a report on Friday, September 29th. Scotiabank reissued a “buy” rating and issued a $53.00 price target on shares of ConocoPhillips in a report on Friday, September 29th. J P Morgan Chase & Co reissued an “overweight” rating on shares of ConocoPhillips in a report on Saturday, September 16th. Jefferies Group LLC set a $54.00 target price on ConocoPhillips and gave the stock a “buy” rating in a report on Tuesday, August 29th. Finally, Piper Jaffray Companies set a $45.00 target price on ConocoPhillips and gave the stock a “buy” rating in a report on Friday, August 25th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. ConocoPhillips has an average rating of “Buy” and an average target price of $54.45.

ConocoPhillips (NYSE:COP) opened at 48.86 on Monday. The firm has a 50-day moving average price of $46.33 and a 200-day moving average price of $45.93. The firm’s market capitalization is $59.46 billion. ConocoPhillips has a one year low of $40.37 and a one year high of $53.17.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, July 27th. The energy producer reported $0.14 earnings per share for the quarter, topping 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 analysts’ expectations of $6.74 billion. During the same period last year, the firm earned ($0.79) EPS. Equities analysts anticipate that ConocoPhillips will post $0.27 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 16th will be given a dividend of $0.265 per share. The ex-dividend date of this dividend is Friday, October 13th. This represents a $1.06 dividend on an annualized basis and a yield of 2.17%. ConocoPhillips’s payout ratio is -34.98%.

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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.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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