Aldebaran Financial Inc. lessened its stake in shares of ConocoPhillips (NYSE:COP) by 0.2% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 14,410 shares of the energy producer’s stock after selling 35 shares during the quarter. Aldebaran Financial Inc.’s holdings in ConocoPhillips were worth $633,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of COP. Vanguard Group Inc. increased its position in ConocoPhillips by 1.9% during the second quarter. Vanguard Group Inc. now owns 90,547,596 shares of the energy producer’s stock worth $3,980,473,000 after acquiring an additional 1,694,618 shares during the period. BlackRock Inc. increased its position in ConocoPhillips by 7.8% during the second quarter. BlackRock Inc. now owns 85,821,694 shares of the energy producer’s stock worth $3,772,723,000 after acquiring an additional 6,197,896 shares during the period. State Street Corp increased its position in ConocoPhillips by 3.9% during the first quarter. State Street Corp now owns 65,388,296 shares of the energy producer’s stock worth $3,260,918,000 after acquiring an additional 2,452,533 shares during the period. FMR LLC increased its position in ConocoPhillips by 6.9% during the first quarter. FMR LLC now owns 61,497,903 shares of the energy producer’s stock worth $3,066,900,000 after acquiring an additional 3,982,002 shares during the period. Finally, Macquarie Group Ltd. increased its position in ConocoPhillips by 1.1% during the first quarter. Macquarie Group Ltd. now owns 15,981,830 shares of the energy producer’s stock worth $797,013,000 after acquiring an additional 176,055 shares during the period. Institutional investors own 69.87% of the company’s stock.

Shares of ConocoPhillips (NYSE COP) opened at $51.23 on Wednesday. ConocoPhillips has a one year low of $42.26 and a one year high of $54.22. The company has a quick ratio of 2.23, a current ratio of 2.38 and a debt-to-equity ratio of 0.64. The firm has a market cap of $61,318.02, a P/E ratio of 2,564.50, a PEG ratio of 12.60 and a beta of 1.26.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, October 26th. The energy producer reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $6.55 billion. During the same period last year, the company posted ($0.66) EPS. sell-side analysts anticipate that ConocoPhillips will post 0.54 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, October 16th were paid a $0.265 dividend. The ex-dividend date of this dividend was Friday, October 13th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.07%. ConocoPhillips’s payout ratio is currently -57.30%.

COP has been the topic of a number of recent research reports. Scotiabank reaffirmed a “buy” rating and set a $52.00 price target on shares of ConocoPhillips in a research report on Friday, September 8th. J P Morgan Chase & Co reissued an “overweight” rating on shares of ConocoPhillips in a report on Saturday, September 16th. Royal Bank Of Canada raised their target price on shares of ConocoPhillips from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, November 9th. Jefferies Group set a $54.00 target price on shares of ConocoPhillips and gave the company a “buy” rating in a report on Tuesday, August 29th. Finally, Barclays raised their target price on shares of ConocoPhillips from $55.00 to $59.00 and gave the company an “overweight” rating in a report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $55.59.

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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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