Oakbrook Investments LLC lowered its holdings in ConocoPhillips (NYSE:COP) by 93.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,650 shares of the energy producer’s stock after selling 83,450 shares during the period. Oakbrook Investments LLC’s holdings in ConocoPhillips were worth $283,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Freestone Capital Holdings LLC raised its stake in ConocoPhillips by 78.7% during the second quarter. Freestone Capital Holdings LLC now owns 8,047 shares of the energy producer’s stock valued at $354,000 after buying an additional 3,543 shares in the last quarter. Point View Wealth Management Inc. raised its stake in ConocoPhillips by 19.8% during the second quarter. Point View Wealth Management Inc. now owns 32,939 shares of the energy producer’s stock valued at $1,448,000 after buying an additional 5,452 shares in the last quarter. Shell Asset Management Co. raised its stake in ConocoPhillips by 2.4% during the second quarter. Shell Asset Management Co. now owns 202,066 shares of the energy producer’s stock valued at $8,883,000 after buying an additional 4,647 shares in the last quarter. FMR LLC raised its stake in ConocoPhillips by 6.9% during the first quarter. FMR LLC now owns 61,497,903 shares of the energy producer’s stock valued at $3,066,900,000 after buying an additional 3,982,002 shares in the last quarter. Finally, Citizens Financial Group Inc. RI raised its stake in ConocoPhillips by 12.5% during the first quarter. Citizens Financial Group Inc. RI now owns 210,916 shares of the energy producer’s stock valued at $10,518,000 after buying an additional 23,434 shares in the last quarter. 69.87% of the stock is owned by hedge funds and other institutional investors.

Shares of ConocoPhillips (COP) opened at $51.57 on Friday. The company has a current ratio of 2.38, a quick ratio of 2.23 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $61,652.76, a P/E ratio of 2,578.50, a PEG ratio of 12.67 and a beta of 1.26. ConocoPhillips has a 1 year low of $42.26 and a 1 year high of $54.22.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, October 26th. The energy producer reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.08. The business had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $6.55 billion. ConocoPhillips had a positive return on equity of 0.12% and a negative net margin of 7.32%. During the same period in the prior year, the firm earned ($0.66) EPS. research analysts predict that ConocoPhillips will post 0.54 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders 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 dividend yield of 2.06%. The ex-dividend date was Friday, October 13th. ConocoPhillips’s payout ratio is -57.30%.

COP has been the topic of several research reports. 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 note on Thursday, November 9th. BidaskClub cut ConocoPhillips from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Morgan Stanley upped their price objective on ConocoPhillips from $45.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 18th. Barclays upped their price objective on ConocoPhillips from $55.00 to $59.00 and gave the company an “overweight” rating in a research note on Friday, October 27th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $52.00 price objective on shares of ConocoPhillips in a research note on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $55.59.

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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.

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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