Investment Centers of America Inc. reduced its stake in ConocoPhillips (NYSE:COP) by 4.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 43,625 shares of the energy producer’s stock after selling 1,881 shares during the quarter. Investment Centers of America Inc.’s holdings in ConocoPhillips were worth $2,161,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Moloney Securities Asset Management LLC lifted its holdings in shares of ConocoPhillips by 0.7% in the 1st quarter. Moloney Securities Asset Management LLC now owns 9,401 shares of the energy producer’s stock worth $469,000 after acquiring an additional 69 shares during the last quarter. Barber Financial Group Inc. lifted its holdings in shares of ConocoPhillips by 1.0% in the 1st quarter. Barber Financial Group Inc. now owns 7,213 shares of the energy producer’s stock worth $360,000 after acquiring an additional 74 shares during the last quarter. AT Bancorp lifted its holdings in shares of ConocoPhillips by 0.7% in the 1st quarter. AT Bancorp now owns 11,091 shares of the energy producer’s stock worth $553,000 after acquiring an additional 80 shares during the last quarter. Advisor Partners LLC lifted its holdings in shares of ConocoPhillips by 0.5% in the 1st quarter. Advisor Partners LLC now owns 16,867 shares of the energy producer’s stock worth $841,000 after acquiring an additional 82 shares during the last quarter. Finally, Trust Co. of Virginia VA lifted its holdings in shares of ConocoPhillips by 1.7% in the 1st quarter. Trust Co. of Virginia VA now owns 4,929 shares of the energy producer’s stock worth $245,000 after acquiring an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 68.99% of the company’s stock.

ConocoPhillips (NYSE:COP) traded down 1.42% on Friday, hitting $44.47. 4,147,379 shares of the company were exchanged. The stock’s market cap is $54.12 billion. ConocoPhillips has a 52-week low of $39.00 and a 52-week high of $53.17. The firm has a 50 day moving average of $44.18 and a 200-day moving average of $45.73.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, July 27th. The energy producer reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.16. The business had revenue of $8.88 billion during the quarter, compared to analyst estimates of $6.74 billion. ConocoPhillips had a negative net margin of 12.29% and a negative return on equity of 2.86%. During the same quarter in the previous year, the firm earned ($0.79) earnings per share. On average, equities analysts expect that ConocoPhillips will post $0.24 earnings per share 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 paid a $0.265 dividend. The ex-dividend date was Thursday, July 20th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.38%. ConocoPhillips’s dividend payout ratio (DPR) is presently -34.98%.

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Several equities analysts have recently commented on COP shares. Jefferies Group LLC set a $54.00 price objective on shares of ConocoPhillips and gave the stock a “buy” rating in a report on Tuesday, August 29th. Royal Bank Of Canada set a $54.00 price objective on shares of ConocoPhillips and gave the stock a “buy” rating in a report on Thursday, August 24th. Zacks Investment Research lowered shares of ConocoPhillips from a “hold” rating to a “sell” rating in a report on Monday, July 17th. BidaskClub upgraded shares of ConocoPhillips from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Finally, Piper Jaffray Companies set a $45.00 price objective on shares of ConocoPhillips and gave the stock a “buy” rating in a report on Friday, August 25th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $54.03.

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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