Affinity Investment Advisors LLC lifted its position in shares of ConocoPhillips (NYSE:COP) by 17.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 117,211 shares of the energy producer’s stock after purchasing an additional 17,080 shares during the period. Affinity Investment Advisors LLC’s holdings in ConocoPhillips were worth $9,072,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Impax Asset Management LLC boosted its holdings in ConocoPhillips by 0.5% in the second quarter. Impax Asset Management LLC now owns 241,107 shares of the energy producer’s stock valued at $16,786,000 after acquiring an additional 1,108 shares during the last quarter. Signature Financial Management Inc. bought a new stake in ConocoPhillips in the second quarter valued at approximately $303,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in ConocoPhillips by 2.3% in the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 88,826 shares of the energy producer’s stock valued at $6,184,000 after acquiring an additional 2,000 shares during the last quarter. First Quadrant L P CA boosted its holdings in ConocoPhillips by 3,294.8% in the third quarter. First Quadrant L P CA now owns 332,455 shares of the energy producer’s stock valued at $25,732,000 after acquiring an additional 322,662 shares during the last quarter. Finally, Frontier Investment Mgmt Co. boosted its holdings in ConocoPhillips by 17.2% in the second quarter. Frontier Investment Mgmt Co. now owns 6,006 shares of the energy producer’s stock valued at $418,000 after acquiring an additional 882 shares during the last quarter. Institutional investors own 71.77% of the company’s stock.

Several brokerages recently commented on COP. BMO Capital Markets upped their target price on ConocoPhillips from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, July 27th. Piper Jaffray Companies reiterated a “hold” rating and issued a $66.00 target price on shares of ConocoPhillips in a report on Monday. Zacks Investment Research upgraded ConocoPhillips from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Monday, October 8th. Morgan Stanley reduced their target price on ConocoPhillips from $88.00 to $84.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Goldman Sachs Group cut ConocoPhillips from a “buy” rating to a “neutral” rating in a report on Monday, October 1st. Nine investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $75.37.

In other ConocoPhillips news, VP Glenda Mae Schwarz sold 18,882 shares of the stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $71.15, for a total transaction of $1,343,454.30. Following the transaction, the vice president now directly owns 29,064 shares in the company, valued at approximately $2,067,903.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.88% of the stock is currently owned by corporate insiders.

ConocoPhillips stock opened at $65.48 on Thursday. The company has a market cap of $76.49 billion, a price-to-earnings ratio of 109.13, a price-to-earnings-growth ratio of 1.55 and a beta of 1.22. ConocoPhillips has a 52-week low of $48.97 and a 52-week 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 posted its quarterly earnings results on Thursday, October 25th. The energy producer reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.19. The firm had revenue of $10.17 billion for the quarter, compared to analysts’ expectations of $9.48 billion. ConocoPhillips had a return on equity of 14.62% and a net margin of 16.08%. As a group, sell-side analysts forecast that ConocoPhillips will post 4.77 EPS for the current year.

The firm 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 dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 1.86%. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, October 12th. ConocoPhillips’s dividend payout ratio is presently 203.33%.

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ConocoPhillips Company Profile

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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