Shell Asset Management Co. boosted its stake in shares of ConocoPhillips (NYSE:COP) by 71.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 345,890 shares of the energy producer’s stock after buying an additional 143,824 shares during the period. Shell Asset Management Co.’s holdings in ConocoPhillips were worth $26,468,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. grew its position in ConocoPhillips by 0.3% in the 2nd quarter. Financial Management Professionals Inc. now owns 2,294 shares of the energy producer’s stock valued at $100,000 after acquiring an additional 6 shares during the last quarter. Cornerstone Advisors Inc. grew its position in ConocoPhillips by 1.0% in the 2nd quarter. Cornerstone Advisors Inc. now owns 3,755 shares of the energy producer’s stock valued at $165,000 after acquiring an additional 37 shares during the last quarter. WFG Advisors LP grew its position in ConocoPhillips by 0.4% in the 2nd quarter. WFG Advisors LP now owns 9,611 shares of the energy producer’s stock valued at $423,000 after acquiring an additional 39 shares during the last quarter. Genesee Valley Trust Co. grew its position in ConocoPhillips by 0.6% in the 2nd quarter. Genesee Valley Trust Co. now owns 7,095 shares of the energy producer’s stock valued at $312,000 after acquiring an additional 45 shares during the last quarter. Finally, Girard Partners LTD. grew its position in ConocoPhillips by 0.6% in the 2nd quarter. Girard Partners LTD. now owns 8,434 shares of the energy producer’s stock valued at $371,000 after acquiring an additional 49 shares during the last quarter. Institutional investors own 69.87% of the company’s stock.

Several equities analysts have commented on the company. Royal Bank Of Canada upped their price objective on 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 reaffirmed a “buy” rating and issued a $53.00 price objective on shares of ConocoPhillips in a research report on Friday, November 3rd. Wells Fargo & Company upped their price objective on ConocoPhillips from $57.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Barclays upped their price objective on ConocoPhillips from $55.00 to $59.00 and gave the company an “overweight” rating in a research report on Friday, October 27th. Finally, Scotiabank reaffirmed a “buy” rating and issued a $53.00 price objective on shares of ConocoPhillips in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $55.59.

ConocoPhillips (COP) traded down $0.85 on Thursday, hitting $50.38. The stock had a trading volume of 4,437,200 shares, compared to its average volume of 7,129,374. ConocoPhillips has a fifty-two week low of $42.26 and a fifty-two week 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 company has a market cap of $61,246.29, a P/E ratio of 2,561.50, a price-to-earnings-growth ratio of 12.58 and a beta of 1.26.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data 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 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 the consensus estimate of $6.55 billion. During the same quarter last year, the company earned ($0.66) earnings per share. equities analysts forecast that ConocoPhillips will post 0.54 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, October 16th were given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date was Friday, October 13th. ConocoPhillips’s payout ratio is currently -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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