Montag A & Associates Inc. lessened its position in shares of ConocoPhillips (NYSE:COP) by 3.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,869 shares of the energy producer’s stock after selling 2,371 shares during the period. Montag A & Associates Inc.’s holdings in ConocoPhillips were worth $3,159,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in COP. Financial Management Professionals Inc. grew its holdings in shares of ConocoPhillips by 0.3% in the 2nd quarter. Financial Management Professionals Inc. now owns 2,294 shares of the energy producer’s stock valued at $100,000 after acquiring an additional 6 shares in the last quarter. First Command Bank grew its holdings in shares of ConocoPhillips by 9.4% in the 2nd quarter. First Command Bank now owns 2,313 shares of the energy producer’s stock valued at $101,000 after acquiring an additional 199 shares in the last quarter. Westside Investment Management Inc. grew its holdings in shares of ConocoPhillips by 468.4% in the 1st quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer’s stock valued at $119,000 after acquiring an additional 2,000 shares in the last quarter. Advantage Investment Management LLC grew its holdings in shares of ConocoPhillips by 65.3% in the 1st quarter. Advantage Investment Management LLC now owns 2,425 shares of the energy producer’s stock valued at $121,000 after acquiring an additional 958 shares in the last quarter. Finally, Reilly Financial Advisors LLC grew its holdings in shares of ConocoPhillips by 20.5% in the 2nd quarter. Reilly Financial Advisors LLC now owns 2,758 shares of the energy producer’s stock valued at $121,000 after acquiring an additional 470 shares in the last quarter. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Several equities analysts have recently weighed in on the company. Morgan Stanley raised their price objective on ConocoPhillips from $45.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday. Scotiabank restated a “buy” rating and issued a $53.00 price objective on shares of ConocoPhillips in a report on Friday, September 29th. Piper Jaffray Companies restated a “buy” rating and issued a $52.00 price objective on shares of ConocoPhillips in a report on Thursday. Barclays PLC restated an “overweight” rating and issued a $55.00 price objective (up previously from $51.00) on shares of ConocoPhillips in a report on Tuesday, October 10th. Finally, BidaskClub cut ConocoPhillips from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Four analysts have rated the stock with a sell rating, eight have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. ConocoPhillips presently has an average rating of “Hold” and a consensus target price of $54.20.

Shares of ConocoPhillips (NYSE:COP) opened at 49.71 on Friday. ConocoPhillips has a 12 month low of $40.96 and a 12 month high of $53.17. The firm’s 50-day moving average is $47.96 and its 200 day moving average is $46.16. The firm’s market capitalization is $60.49 billion.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, July 27th. The energy producer reported $0.14 earnings per share for the quarter, beating the Zacks’ 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 firm had revenue of $8.88 billion during the quarter, compared to the consensus estimate of $6.74 billion. During the same period in the prior year, the firm earned ($0.79) EPS. On average, equities research analysts anticipate that ConocoPhillips will post $0.31 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, October 16th will be given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Friday, October 13th. ConocoPhillips’s dividend payout ratio is currently -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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