Dorsey & Whitney Trust CO LLC lowered its holdings in ConocoPhillips (NYSE:COP) by 31.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,818 shares of the energy producer’s stock after selling 13,555 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in ConocoPhillips were worth $1,492,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Commonwealth Bank of Australia increased its stake in shares of ConocoPhillips by 4.3% in the third quarter. Commonwealth Bank of Australia now owns 369,683 shares of the energy producer’s stock worth $18,497,000 after acquiring an additional 15,267 shares during the period. WINTON GROUP Ltd increased its stake in shares of ConocoPhillips by 552.9% in the third quarter. WINTON GROUP Ltd now owns 57,208 shares of the energy producer’s stock worth $2,863,000 after acquiring an additional 48,446 shares during the period. Zeke Capital Advisors LLC increased its stake in shares of ConocoPhillips by 222.5% in the third quarter. Zeke Capital Advisors LLC now owns 21,138 shares of the energy producer’s stock worth $1,058,000 after acquiring an additional 14,584 shares during the period. Amalgamated Bank increased its stake in shares of ConocoPhillips by 0.9% in the third quarter. Amalgamated Bank now owns 130,571 shares of the energy producer’s stock worth $6,535,000 after acquiring an additional 1,108 shares during the period. Finally, Twin Capital Management Inc. acquired a new stake in shares of ConocoPhillips in the third quarter worth $6,189,000. Hedge funds and other institutional investors own 69.63% of the company’s stock.

In related news, Director Charles E. Bunch bought 2,000 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were acquired at an average price of $52.06 per share, for a total transaction of $104,120.00. Following the completion of the transaction, the director now directly owns 3,429 shares in the company, valued at $178,513.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.82% of the stock is owned by company insiders.

COP has been the topic of a number of research reports. Royal Bank of Canada reiterated a “buy” rating and issued a $54.00 price objective on shares of ConocoPhillips in a research note on Friday, September 29th. Scotiabank reiterated a “buy” rating and issued a $53.00 price objective on shares of ConocoPhillips in a research note on Friday, September 29th. Piper Jaffray Companies restated a “buy” rating and set a $53.00 price target on shares of ConocoPhillips in a research report on Friday, November 3rd. Goldman Sachs Group upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Wednesday, December 13th. Finally, Morgan Stanley raised their price target on shares of ConocoPhillips from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $55.41.

Shares of ConocoPhillips (NYSE:COP) opened at $57.93 on Wednesday. The company has a market cap of $69,260.00, a price-to-earnings ratio of -29.11, a P/E/G ratio of 2.90 and a beta of 1.26. The company has a current ratio of 2.38, a quick ratio of 2.23 and a debt-to-equity ratio of 0.64. ConocoPhillips has a 52-week low of $42.26 and a 52-week high of $58.32.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, October 26th. The energy producer reported $0.16 earnings per share (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 for the quarter, compared to analyst estimates of $6.55 billion. During the same quarter last year, the business earned ($0.66) earnings per share. equities analysts expect that ConocoPhillips will post 0.57 EPS for the current year.

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About ConocoPhillips

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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