Ally Financial Inc. held its position in shares of ConocoPhillips (NYSE:COP) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 215,000 shares of the energy producer’s stock at the close of the second quarter. ConocoPhillips makes up 1.9% of Ally Financial Inc.’s investment portfolio, making the stock its 11th biggest position. Ally Financial Inc.’s holdings in ConocoPhillips were worth $9,451,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in COP. Legacy Capital Partners Inc. increased its stake in ConocoPhillips by 11.1% during the first quarter. Legacy Capital Partners Inc. now owns 55,896 shares of the energy producer’s stock worth $2,788,000 after acquiring an additional 5,571 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in ConocoPhillips by 153.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 54,748 shares of the energy producer’s stock worth $2,729,000 after acquiring an additional 33,170 shares during the last quarter. Nicholas Hoffman & Company LLC. increased its stake in ConocoPhillips by 31.5% during the first quarter. Nicholas Hoffman & Company LLC. now owns 23,018 shares of the energy producer’s stock worth $1,148,000 after acquiring an additional 5,520 shares during the last quarter. Conservest Capital Advisors Inc. acquired a new stake in ConocoPhillips during the first quarter worth about $1,188,000. Finally, Airain ltd acquired a new stake in ConocoPhillips during the first quarter worth about $5,161,000. Hedge funds and other institutional investors own 69.83% of the company’s stock.

ConocoPhillips (COP) opened at $50.08 on Tuesday. The company has a current ratio of 2.38, a quick ratio of 2.23 and a debt-to-equity ratio of 0.64. ConocoPhillips has a 1-year low of $42.26 and a 1-year high of $54.22. The company has a market capitalization of $59,930.00, a P/E ratio of 2,506.50, a price-to-earnings-growth ratio of 12.32 and a beta of 1.28.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, October 26th. The energy producer reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.08. ConocoPhillips had a positive return on equity of 0.12% and a negative net margin of 7.32%. The company had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $6.55 billion. During the same quarter last year, the business posted ($0.66) EPS. sell-side analysts expect that ConocoPhillips will post 0.54 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 16th will be issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Friday, October 13th. ConocoPhillips’s dividend payout ratio is presently -53.27%.

Several equities research analysts have commented on the company. Royal Bank Of Canada upped their price target on ConocoPhillips from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, November 9th. Piper Jaffray Companies reiterated a “buy” rating and issued a $53.00 target price on shares of ConocoPhillips in a research note on Friday, November 3rd. Wells Fargo & Company increased their target price on ConocoPhillips from $57.00 to $60.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Barclays PLC increased their target price on ConocoPhillips from $55.00 to $59.00 and gave the company an “overweight” rating in a research note on Friday, October 27th. Finally, Scotiabank reiterated a “buy” rating and issued a $53.00 target price on shares of ConocoPhillips in a research note on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $55.37.

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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.

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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