Numeric Investors LLC boosted its stake in shares of ConocoPhillips (NYSE:COP) by 202.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 494,700 shares of the energy producer’s stock after acquiring an additional 331,300 shares during the period. Numeric Investors LLC’s holdings in ConocoPhillips were worth $21,747,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Brandywine Global Investment Management LLC raised its position in shares of ConocoPhillips by 183.5% in the second quarter. Brandywine Global Investment Management LLC now owns 3,138,796 shares of the energy producer’s stock valued at $137,982,000 after buying an additional 2,031,830 shares during the last quarter. Nicholas Hoffman & Company LLC. raised its position in shares of ConocoPhillips by 2.4% in the second quarter. Nicholas Hoffman & Company LLC. now owns 23,573 shares of the energy producer’s stock valued at $1,036,000 after buying an additional 555 shares during the last quarter. Brookmont Capital Management raised its position in shares of ConocoPhillips by 7.6% in the second quarter. Brookmont Capital Management now owns 139,022 shares of the energy producer’s stock valued at $6,111,000 after buying an additional 9,777 shares during the last quarter. Huber Capital Management LLC raised its position in shares of ConocoPhillips by 2.8% in the second quarter. Huber Capital Management LLC now owns 79,400 shares of the energy producer’s stock valued at $3,490,000 after buying an additional 2,200 shares during the last quarter. Finally, Waters Parkerson & CO. LLC raised its position in shares of ConocoPhillips by 1.0% in the second quarter. Waters Parkerson & CO. LLC now owns 12,043 shares of the energy producer’s stock valued at $529,000 after buying an additional 125 shares during the last quarter. Institutional investors own 69.83% of the company’s stock.

ConocoPhillips (NYSE COP) opened at $50.01 on Wednesday. The company has a quick ratio of 2.23, a current ratio of 2.38 and a debt-to-equity ratio of 0.64. ConocoPhillips has a 12 month low of $42.26 and a 12 month high of $54.22. The company has a market cap of $59,871.44, a P/E ratio of 2,504.00, a PEG ratio of 12.31 and a beta of 1.28.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, October 26th. The energy producer reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.08. ConocoPhillips had a negative net margin of 7.32% and a positive return on equity of 0.12%. The business had revenue of $7.20 billion during the quarter, compared to analyst estimates of $6.55 billion. During the same quarter last year, the firm posted ($0.66) earnings per share. sell-side analysts expect that ConocoPhillips will post 0.54 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, October 16th will be paid a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Friday, October 13th. ConocoPhillips’s payout ratio is -57.30%.

A number of brokerages have recently commented on COP. Royal Bank Of Canada increased their target price on shares of ConocoPhillips from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, November 9th. Piper Jaffray Companies reiterated a “buy” rating and issued a $53.00 target price on shares of ConocoPhillips in a research report on Friday, November 3rd. Scotiabank reiterated a “buy” rating and issued a $53.00 target price on shares of ConocoPhillips in a research report on Wednesday, November 1st. Barclays PLC increased their target price on shares of ConocoPhillips from $55.00 to $59.00 and gave the company an “overweight” rating in a research report on Friday, October 27th. Finally, Wells Fargo & Company increased their target price on shares of ConocoPhillips from $57.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $55.37.

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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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