Stack Financial Management Inc boosted its position in shares of ConocoPhillips (NYSE:COP) by 1.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 216,314 shares of the energy producer’s stock after buying an additional 3,044 shares during the period. Stack Financial Management Inc’s holdings in ConocoPhillips were worth $9,509,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Patten & Patten Inc. TN increased its stake in shares of ConocoPhillips by 100.3% in the first quarter. Patten & Patten Inc. TN now owns 56,715 shares of the energy producer’s stock valued at $2,828,000 after buying an additional 28,400 shares during the last quarter. Boston Advisors LLC increased its stake in shares of ConocoPhillips by 127.0% in the first quarter. Boston Advisors LLC now owns 438,159 shares of the energy producer’s stock valued at $21,851,000 after buying an additional 245,118 shares during the last quarter. Everence Capital Management Inc. increased its stake in shares of ConocoPhillips by 9.3% in the first quarter. Everence Capital Management Inc. now owns 52,884 shares of the energy producer’s stock valued at $2,637,000 after buying an additional 4,490 shares during the last quarter. Ledyard National Bank increased its stake in shares of ConocoPhillips by 109.8% in the first quarter. Ledyard National Bank now owns 8,198 shares of the energy producer’s stock valued at $409,000 after buying an additional 4,290 shares during the last quarter. Finally, Bollard Group LLC increased its stake in shares of ConocoPhillips by 8.1% in the first quarter. Bollard Group LLC now owns 145,169 shares of the energy producer’s stock valued at $7,240,000 after buying an additional 10,852 shares during the last quarter. 68.98% of the stock is owned by hedge funds and other institutional investors.

Shares of ConocoPhillips (NYSE:COP) traded up 1.47% during mid-day trading on Thursday, reaching $44.05. The company’s stock had a trading volume of 3,068,083 shares. The stock’s market capitalization is $53.61 billion. ConocoPhillips has a 12 month low of $39.00 and a 12 month high of $53.17. The company has a 50 day moving average price of $43.96 and a 200 day moving average price of $46.07.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, July 27th. The energy producer reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.16. ConocoPhillips had a negative return on equity of 2.86% and a negative net margin of 12.29%. The business had revenue of $8.88 billion for the quarter, compared to the consensus estimate of $6.74 billion. During the same period last year, the business earned ($0.79) earnings per share. On average, equities research analysts anticipate that ConocoPhillips will post $0.24 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, July 24th will be given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Thursday, July 20th. ConocoPhillips’s dividend payout ratio (DPR) is presently -34.98%.

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Several equities research analysts have recently weighed in on the company. Piper Jaffray Companies set a $45.00 target price on ConocoPhillips and gave the stock a “buy” rating in a research report on Friday, August 25th. BidaskClub downgraded ConocoPhillips from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Scotiabank set a $54.00 target price on ConocoPhillips and gave the stock a “buy” rating in a research report on Saturday, July 1st. Jefferies Group LLC set a $54.00 target price on ConocoPhillips and gave the stock a “buy” rating in a research report on Tuesday. Finally, Zacks Investment Research raised ConocoPhillips from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $54.13.

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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