Wayne Hummer Investments L.L.C. purchased a new stake in shares of ConocoPhillips (NYSE:COP) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,875 shares of the energy producer’s stock, valued at approximately $343,000.

A number of other institutional investors have also modified their holdings of COP. Gemmer Asset Management LLC boosted its position in shares of ConocoPhillips by 0.4% in the first quarter. Gemmer Asset Management LLC now owns 2,167 shares of the energy producer’s stock valued at $108,000 after buying an additional 8 shares in the last quarter. Financial Management Professionals Inc. boosted its position in shares of ConocoPhillips by 0.3% in the first quarter. Financial Management Professionals Inc. now owns 2,288 shares of the energy producer’s stock valued at $114,000 after buying an additional 6 shares in the last quarter. Advocacy Wealth Management Services LLC boosted its position in shares of ConocoPhillips by 4.5% in the first quarter. Advocacy Wealth Management Services LLC now owns 2,329 shares of the energy producer’s stock valued at $116,000 after buying an additional 100 shares in the last quarter. Advantage Investment Management LLC boosted its position in shares of ConocoPhillips by 65.3% in the first quarter. Advantage Investment Management LLC now owns 2,425 shares of the energy producer’s stock valued at $121,000 after buying an additional 958 shares in the last quarter. Finally, Crestwood Advisors Group LLC acquired a new position in shares of ConocoPhillips during the first quarter valued at approximately $131,000. 68.68% of the stock is owned by institutional investors.

Shares of ConocoPhillips (COP) traded down 1.23% during mid-day trading on Monday, hitting $42.58. 983,216 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $44.10 and a 200-day moving average price of $46.28. ConocoPhillips has a 1-year low of $39.00 and a 1-year high of $53.17. The stock’s market cap is $51.82 billion. ConocoPhillips also saw some unusual options trading activity on Friday. Traders acquired 10,497 call options on the stock. This represents an increase of approximately 219% compared to the typical volume of 3,289 call options.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, July 27th. The energy producer reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $6.74 billion. During the same quarter last year, the firm posted ($0.79) EPS. Equities research analysts anticipate that ConocoPhillips will post $0.24 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, July 24th will be given a dividend of $0.265 per share. The ex-dividend date is Thursday, July 20th. This represents a $1.06 annualized dividend and a dividend yield of 2.46%. ConocoPhillips’s dividend payout ratio (DPR) is -34.98%.

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Several equities analysts have commented on COP shares. Royal Bank Of Canada set a $62.00 price target on shares of ConocoPhillips and gave the company a “buy” rating in a research report on Sunday, July 16th. Scotiabank set a $54.00 price target on shares of ConocoPhillips and gave the company a “buy” rating in a research report on Saturday, July 1st. Jefferies Group LLC raised shares of ConocoPhillips from a “hold” rating to a “buy” rating and raised their price target for the company from $55.00 to $59.00 in a research report on Wednesday, May 17th. Cowen and Company set a $55.00 price target on shares of ConocoPhillips and gave the company a “buy” rating in a research report on Tuesday, July 18th. Finally, Citigroup Inc. decreased their price objective on shares of ConocoPhillips from $65.00 to $57.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. ConocoPhillips has an average rating of “Buy” and a consensus price target of $55.18.

About ConocoPhillips

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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