Peak Asset Management LLC raised its position in shares of ConocoPhillips (NYSE:COP) by 12.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 96,495 shares of the company’s stock after buying an additional 10,617 shares during the period. ConocoPhillips comprises about 1.8% of Peak Asset Management LLC’s portfolio, making the stock its 22nd largest position. Peak Asset Management LLC’s holdings in ConocoPhillips were worth $4,195,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the stock. FMR LLC boosted its stake in shares of ConocoPhillips by 61.3% in the second quarter. FMR LLC now owns 41,549,843 shares of the company’s stock valued at $1,811,573,000 after buying an additional 15,793,307 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of ConocoPhillips by 2.4% in the second quarter. Vanguard Group Inc. now owns 81,195,111 shares of the company’s stock valued at $3,540,106,000 after buying an additional 1,937,880 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of ConocoPhillips by 16.6% in the second quarter. Ameriprise Financial Inc. now owns 12,097,088 shares of the company’s stock valued at $527,432,000 after buying an additional 1,718,788 shares in the last quarter. AXA boosted its stake in shares of ConocoPhillips by 251.5% in the second quarter. AXA now owns 2,219,021 shares of the company’s stock valued at $96,749,000 after buying an additional 1,587,753 shares in the last quarter. Finally, Rockefeller Financial Services Inc. boosted its stake in shares of ConocoPhillips by 8,313.3% in the second quarter. Rockefeller Financial Services Inc. now owns 1,393,578 shares of the company’s stock valued at $60,760,000 after buying an additional 1,377,014 shares in the last quarter. 63.51% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

ConocoPhillips (NYSE:COP) traded down 0.55% on Monday, reaching $45.50. 9,428,178 shares of the company were exchanged. The stock’s market capitalization is $56.38 billion. ConocoPhillips has a 12-month low of $31.05 and a 12-month high of $54.75. The company’s 50-day moving average price is $43.61 and its 200-day moving average price is $42.80.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, October 27th. The company reported ($0.66) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.69) by $0.03. ConocoPhillips had a negative net margin of 29.45% and a negative return on equity of 10.68%. During the same period in the prior year, the company posted ($0.38) EPS. Equities research analysts anticipate that ConocoPhillips will post ($2.83) earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Monday, October 17th will be given a $0.25 dividend. The ex-dividend date is Thursday, October 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.16%. ConocoPhillips’s dividend payout ratio (DPR) is currently -17.67%.

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Several analysts have weighed in on the stock. Goldman Sachs Group Inc. raised shares of ConocoPhillips from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $47.00 to $54.00 in a research note on Monday. CLSA cut shares of ConocoPhillips from an “outperform” rating to an “underperform” rating in a research note on Tuesday, November 15th. Vetr lowered shares of ConocoPhillips from a “strong-buy” rating to a “buy” rating and set a $50.41 target price on the stock. in a research report on Monday, November 21st. Clsa Americas lowered shares of ConocoPhillips from an “outperform” rating to an “underperform” rating in a research report on Monday, November 14th. Finally, lowered shares of ConocoPhillips from an “outperform” rating to an “underperform” rating in a research report on Tuesday, November 15th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $51.67.

About ConocoPhillips

ConocoPhillips (ConocoPhillips) is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas and liquefied natural gas (LNG). The Company operates through six operating segments, which are primarily defined by geographic region: Alaska; Lower 48; Canada; Europe and North Africa; Asia Pacific and Middle East, and Other International.

5 Day Chart for NYSE:COP

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