Todd Asset Management LLC decreased its position in ConocoPhillips (NYSE:COP) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 467,106 shares of the energy producer’s stock after selling 2,683 shares during the period. ConocoPhillips accounts for 1.0% of Todd Asset Management LLC’s investment portfolio, making the stock its 21st biggest holding. Todd Asset Management LLC’s holdings in ConocoPhillips were worth $36,154,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of COP. IMA Wealth Inc. purchased a new stake in ConocoPhillips in the 2nd quarter valued at about $100,000. Palo Capital Inc. purchased a new stake in shares of ConocoPhillips during the 3rd quarter worth approximately $131,000. Adviser Investments LLC increased its stake in shares of ConocoPhillips by 139.4% during the 2nd quarter. Adviser Investments LLC now owns 1,956 shares of the energy producer’s stock worth $136,000 after purchasing an additional 1,139 shares during the last quarter. Lucia Wealth Services LLC increased its stake in shares of ConocoPhillips by 541.3% during the 2nd quarter. Lucia Wealth Services LLC now owns 2,251 shares of the energy producer’s stock worth $157,000 after purchasing an additional 1,900 shares during the last quarter. Finally, NuWave Investment Management LLC increased its stake in shares of ConocoPhillips by 8,000.0% during the 3rd quarter. NuWave Investment Management LLC now owns 2,025 shares of the energy producer’s stock worth $157,000 after purchasing an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 71.77% of the company’s stock.

COP traded down $0.51 on Monday, hitting $65.61. The company’s stock had a trading volume of 883,273 shares, compared to its average volume of 7,637,351. The company has a market cap of $76.12 billion, a PE ratio of 109.35, a price-to-earnings-growth ratio of 1.54 and a beta of 1.22. ConocoPhillips has a 12 month low of $48.97 and a 12 month high of $80.24. The company has a current ratio of 1.99, a quick ratio of 1.82 and a debt-to-equity ratio of 0.46.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, October 25th. The energy producer reported $1.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.19. ConocoPhillips had a net margin of 16.08% and a return on equity of 14.62%. The firm had revenue of $10.17 billion during the quarter, compared to the consensus estimate of $9.48 billion. Research analysts forecast that ConocoPhillips will post 4.77 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Monday, October 15th will be issued a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 1.86%. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, October 12th. ConocoPhillips’s dividend payout ratio (DPR) is presently 203.33%.

In other ConocoPhillips news, Chairman Ryan Michael Lance sold 160,064 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $72.07, for a total value of $11,535,812.48. Following the completion of the transaction, the chairman now directly owns 106,312 shares of the company’s stock, valued at approximately $7,661,905.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Glenda Mae Schwarz sold 18,882 shares of the firm’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $71.15, for a total transaction of $1,343,454.30. Following the completion of the transaction, the vice president now directly owns 29,064 shares of the company’s stock, valued at $2,067,903.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 288,378 shares of company stock valued at $20,769,145. Insiders own 0.88% of the company’s stock.

Several brokerages have recently issued reports on COP. Piper Jaffray Companies restated a “hold” rating and set a $66.00 price target on shares of ConocoPhillips in a research note on Monday. BMO Capital Markets set a $78.00 price target on shares of ConocoPhillips and gave the stock a “buy” rating in a research note on Monday, November 12th. Bank of America upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Monday, October 29th. ValuEngine downgraded shares of ConocoPhillips from a “buy” rating to a “hold” rating in a report on Tuesday, October 23rd. Finally, Mizuho reaffirmed a “hold” rating and issued a $82.00 price objective on shares of ConocoPhillips in a report on Monday, October 22nd. Nine investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $75.58.

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About ConocoPhillips

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. Its portfolio includes North American tight oil and oil sands assets in Canada; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; and an inventory of conventional and unconventional exploration prospects.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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