South Texas Money Management Ltd. maintained its position in ConocoPhillips (NYSE:COP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,890 shares of the energy producer’s stock at the close of the 2nd quarter. South Texas Money Management Ltd.’s holdings in ConocoPhillips were worth $391,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of COP. Mutual of America Capital Management LLC raised its stake in shares of ConocoPhillips by 1.9% during the first quarter. Mutual of America Capital Management LLC now owns 149,823 shares of the energy producer’s stock valued at $7,472,000 after purchasing an additional 2,745 shares in the last quarter. Buckingham Asset Management LLC raised its stake in shares of ConocoPhillips by 43.3% during the first quarter. Buckingham Asset Management LLC now owns 8,505 shares of the energy producer’s stock valued at $424,000 after purchasing an additional 2,568 shares in the last quarter. Heritage Trust Co bought a new stake in shares of ConocoPhillips during the first quarter valued at about $1,036,000. Norinchukin Bank The raised its stake in shares of ConocoPhillips by 2.6% during the first quarter. Norinchukin Bank The now owns 150,508 shares of the energy producer’s stock valued at $7,506,000 after purchasing an additional 3,848 shares in the last quarter. Finally, Twin Capital Management Inc. raised its stake in shares of ConocoPhillips by 0.7% during the first quarter. Twin Capital Management Inc. now owns 95,590 shares of the energy producer’s stock valued at $4,767,000 after purchasing an additional 670 shares in the last quarter. Institutional investors own 70.08% of the company’s stock.

COP has been the topic of a number of recent analyst reports. Scotiabank restated a “buy” rating and set a $52.00 price objective on shares of ConocoPhillips in a research note on Friday, September 8th. Jefferies Group LLC set a $54.00 target price on ConocoPhillips and gave the stock a “buy” rating in a report on Tuesday, August 29th. Piper Jaffray Companies set a $45.00 target price on ConocoPhillips and gave the stock a “buy” rating in a report on Friday, August 25th. Royal Bank Of Canada set a $54.00 target price on ConocoPhillips and gave the stock a “buy” rating in a report on Thursday, August 24th. Finally, Bank of America Corporation raised ConocoPhillips from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $51.00 to $58.00 in a report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $55.37.

ConocoPhillips (COP) opened at $50.22 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.23 and a current ratio of 2.38. ConocoPhillips has a 12 month low of $42.26 and a 12 month high of $54.22. The firm has a market capitalization of $60,361.61, a PE ratio of 2,524.50, a price-to-earnings-growth ratio of 12.41 and a beta of 1.28.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, October 26th. The energy producer reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.08. ConocoPhillips had a positive return on equity of 0.12% and a negative net margin of 7.32%. The company had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $6.55 billion. During the same quarter in the previous year, the business posted ($0.66) EPS. equities research analysts forecast that ConocoPhillips will post 0.54 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 16th will be paid a dividend of $0.265 per share. The ex-dividend date of this dividend is Friday, October 13th. This represents a $1.06 annualized dividend and a yield of 2.11%. ConocoPhillips’s dividend payout ratio (DPR) is presently -57.30%.

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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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