ConocoPhillips (COP) Shares Sold by Conservest Capital Advisors Inc.

Conservest Capital Advisors Inc. cut its stake in shares of ConocoPhillips (NYSE:COP) by 0.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,722 shares of the energy producer’s stock after selling 104 shares during the period. Conservest Capital Advisors Inc.’s holdings in ConocoPhillips were worth $1,043,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. State Street Corp increased 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 valued at $3,260,918,000 after purchasing an additional 2,452,533 shares during the period. FMR LLC increased 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 valued at $3,066,900,000 after purchasing an additional 3,982,002 shares during the period. Macquarie Group Ltd. increased 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 valued at $797,013,000 after purchasing an additional 176,055 shares during the period. Wellington Management Group LLP increased 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 valued at $638,530,000 after purchasing an additional 9,200,014 shares during the period. Finally, First Eagle Investment Management LLC increased 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 valued at $501,966,000 after purchasing an additional 1,744,860 shares during the period. Institutional investors own 68.99% of the company’s stock.

A number of analysts recently weighed in on the company. J P Morgan Chase & Co restated an “overweight” rating on shares of ConocoPhillips in a report on Saturday. Scotiabank restated a “buy” rating and issued a $52.00 price objective on shares of ConocoPhillips in a report on Friday, September 8th. Jefferies Group LLC set a $54.00 price objective on ConocoPhillips and gave the company a “buy” rating in a report on Tuesday, August 29th. Piper Jaffray Companies set a $45.00 price objective on ConocoPhillips and gave the company a “buy” rating in a report on Friday, August 25th. Finally, Royal Bank Of Canada set a $54.00 price objective on ConocoPhillips and gave the company a “buy” rating in a report on Thursday, August 24th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $54.19.

ConocoPhillips (COP) traded up 1.48% during trading on Friday, hitting $46.51. 11,895,013 shares of the stock were exchanged. ConocoPhillips has a 52 week low of $39.00 and a 52 week high of $53.17. The stock has a 50 day moving average of $44.48 and a 200-day moving average of $45.66. The stock’s market cap is $56.60 billion.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, July 27th. The energy producer reported $0.14 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $8.88 billion for the quarter, compared to analysts’ expectations of $6.74 billion. During the same quarter in the previous year, the company earned ($0.79) earnings per share. Equities analysts expect that ConocoPhillips will post $0.26 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, July 24th were given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 2.28%. The ex-dividend date was Thursday, July 20th. 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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