Barrett Asset Management LLC trimmed its stake in ConocoPhillips (NYSE:COP) by 12.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,650 shares of the energy producer’s stock after selling 8,955 shares during the period. Barrett Asset Management LLC’s holdings in ConocoPhillips were worth $2,710,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Financial Management Professionals Inc. boosted its stake in 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 buying an additional 6 shares in the last quarter. First Command Bank boosted its stake in ConocoPhillips by 9.4% in the second quarter. First Command Bank now owns 2,313 shares of the energy producer’s stock worth $101,000 after buying an additional 199 shares in the last quarter. Westside Investment Management Inc. boosted its stake in ConocoPhillips by 468.4% in the first quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer’s stock worth $119,000 after buying an additional 2,000 shares in the last quarter. Advantage Investment Management LLC boosted its stake in ConocoPhillips by 65.3% in the first quarter. Advantage Investment Management LLC now owns 2,425 shares of the energy producer’s stock worth $121,000 after buying an additional 958 shares in the last quarter. Finally, Reilly Financial Advisors LLC boosted its stake in ConocoPhillips by 20.5% in the second quarter. Reilly Financial Advisors LLC now owns 2,758 shares of the energy producer’s stock worth $121,000 after buying an additional 470 shares in the last quarter. Institutional investors own 68.90% of the company’s stock.

Several analysts have issued reports on COP shares. Jefferies Group LLC set a $54.00 target price on ConocoPhillips and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Royal Bank Of Canada set a $54.00 target price on ConocoPhillips and gave the stock a “buy” rating in a research note on Thursday, August 24th. Zacks Investment Research lowered ConocoPhillips from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. BidaskClub raised ConocoPhillips from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Finally, Piper Jaffray Companies set a $45.00 target price on ConocoPhillips and gave the stock a “buy” rating in a research note on Friday, August 25th. Three analysts have rated the stock with a sell rating, eight have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $54.45.

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Shares of ConocoPhillips (NYSE COP) opened at 49.70 on Friday. ConocoPhillips has a 52 week low of $40.37 and a 52 week high of $53.17. The company has a 50-day moving average price of $46.16 and a 200-day moving average price of $45.91. The stock’s market cap is $60.48 billion.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, July 27th. The energy producer reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $8.88 billion during the quarter, compared to analysts’ expectations of $6.74 billion. During the same quarter in the previous year, the business earned ($0.79) EPS. Equities analysts anticipate that ConocoPhillips will post $0.27 EPS for the current year.

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.

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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