Lucas Capital Management held its position in ConocoPhillips (NYSE:COP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,116 shares of the energy producer’s stock at the end of the second quarter. Lucas Capital Management’s holdings in ConocoPhillips were worth $269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Financial Management Professionals Inc. lifted its holdings in shares of ConocoPhillips by 0.3% in the second quarter. Financial Management Professionals Inc. now owns 2,294 shares of the energy producer’s stock worth $100,000 after acquiring an additional 6 shares during the last quarter. First Command Bank grew its holdings in shares of ConocoPhillips by 9.4% during the 2nd quarter. First Command Bank now owns 2,313 shares of the energy producer’s stock valued at $101,000 after purchasing an additional 199 shares during the last quarter. Westside Investment Management Inc. grew its holdings in shares of ConocoPhillips by 468.4% during the 1st quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer’s stock valued at $119,000 after purchasing an additional 2,000 shares during the last quarter. Advantage Investment Management LLC grew its holdings in shares of ConocoPhillips by 65.3% during the 1st quarter. Advantage Investment Management LLC now owns 2,425 shares of the energy producer’s stock valued at $121,000 after purchasing an additional 958 shares during the last quarter. Finally, Reilly Financial Advisors LLC grew its holdings in shares of ConocoPhillips by 20.5% during the 2nd quarter. Reilly Financial Advisors LLC now owns 2,758 shares of the energy producer’s stock valued at $121,000 after purchasing an additional 470 shares during the last quarter. Hedge funds and other institutional investors own 68.90% of the company’s stock.

Several research analysts have recently issued reports on COP shares. Scotiabank set a $54.00 price target on shares of ConocoPhillips and gave the stock a “buy” rating in a report on Saturday, July 1st. BidaskClub raised ConocoPhillips from a “sell” rating to a “hold” rating in a report on Friday, August 11th. Sanford C. Bernstein lowered ConocoPhillips from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $63.00 to $42.00 in a research report on Thursday, July 6th. ValuEngine raised ConocoPhillips from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $62.00 target price on shares of ConocoPhillips in a report on Thursday, June 15th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $54.24.

ConocoPhillips (NYSE:COP) opened at 50.31 on Tuesday. The stock’s 50 day moving average is $45.72 and its 200-day moving average is $45.83. The firm’s market capitalization is $61.22 billion. ConocoPhillips has a one year low of $40.37 and a one year high of $53.17.

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 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 period last year, the business earned ($0.79) EPS. On average, analysts anticipate that ConocoPhillips will post $0.27 EPS for the current fiscal year.

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ConocoPhillips Company 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.

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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