B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund maintained its stake in shares of ConocoPhillips (NYSE:COP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,942 shares of the energy producer’s stock at the close of the 2nd quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in ConocoPhillips were worth $1,052,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Financial Management Professionals Inc. grew its stake in ConocoPhillips by 0.3% during the second quarter. Financial Management Professionals Inc. now owns 2,294 shares of the energy producer’s stock worth $100,000 after purchasing an additional 6 shares during the period. First Command Bank grew its stake in ConocoPhillips by 9.4% during the second quarter. First Command Bank now owns 2,313 shares of the energy producer’s stock worth $101,000 after purchasing an additional 199 shares during the period. Westside Investment Management Inc. grew its stake in ConocoPhillips by 468.4% during the first quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer’s stock worth $119,000 after purchasing an additional 2,000 shares during the period. Advantage Investment Management LLC grew its stake in ConocoPhillips by 65.3% during the first quarter. Advantage Investment Management LLC now owns 2,425 shares of the energy producer’s stock worth $121,000 after purchasing an additional 958 shares during the period. Finally, Reilly Financial Advisors LLC grew its stake in ConocoPhillips by 20.5% during the second quarter. Reilly Financial Advisors LLC now owns 2,758 shares of the energy producer’s stock worth $121,000 after purchasing an additional 470 shares during the period. 68.83% of the stock is owned by institutional investors.

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ConocoPhillips (NYSE:COP) opened at 50.26 on Tuesday. The stock has a 50 day moving average price of $48.32 and a 200-day moving average price of $46.12. The company’s market cap is $61.16 billion. ConocoPhillips has a 12-month low of $40.96 and a 12-month high of $53.17.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, July 27th. The energy producer reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.16. The company had revenue of $8.88 billion for the quarter, compared to the consensus estimate of $6.74 billion. ConocoPhillips had a negative return on equity of 2.86% and a negative net margin of 12.29%. During the same quarter in the prior year, the business posted ($0.79) EPS. On average, analysts predict that ConocoPhillips will post $0.32 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, October 16th will be paid a $0.265 dividend. The ex-dividend date of this dividend is Friday, October 13th. This represents a $1.06 annualized dividend and a dividend yield of 2.11%. ConocoPhillips’s payout ratio is currently -34.98%.

Several equities research analysts recently commented on the company. Wolfe Research cut ConocoPhillips from an “outperform” rating to a “market perform” rating in a research note on Monday, July 17th. Scotiabank set a $54.00 target price on ConocoPhillips and gave the stock a “buy” rating in a research note on Saturday, July 1st. ValuEngine raised ConocoPhillips from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Jefferies Group LLC set a $59.00 target price on ConocoPhillips and gave the stock a “buy” rating in a research note on Sunday, July 30th. Finally, Citigroup Inc. decreased their target price on ConocoPhillips from $65.00 to $57.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $54.20.

ConocoPhillips 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.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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