Neuberger Berman Group LLC lowered its holdings in shares of ConocoPhillips (NYSE:COP) by 1.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 270,793 shares of the energy producer’s stock after selling 4,119 shares during the period. Neuberger Berman Group LLC’s holdings in ConocoPhillips were worth $13,553,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in COP. Vanguard Group Inc. raised its stake 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 buying an additional 1,694,618 shares during the last quarter. BlackRock Inc. raised its stake 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 buying an additional 6,197,896 shares during the last quarter. Bank of New York Mellon Corp raised its stake in ConocoPhillips by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 15,774,835 shares of the energy producer’s stock worth $693,462,000 after buying an additional 397,339 shares during the last quarter. Franklin Resources Inc. raised its stake in ConocoPhillips by 21.6% during the second quarter. Franklin Resources Inc. now owns 12,025,415 shares of the energy producer’s stock worth $528,635,000 after buying an additional 2,134,292 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its stake in ConocoPhillips by 3.0% during the third quarter. First Eagle Investment Management LLC now owns 10,608,598 shares of the energy producer’s stock worth $530,960,000 after buying an additional 309,683 shares during the last quarter. 69.73% of the stock is owned by hedge funds and other institutional investors.

In other ConocoPhillips news, Director Charles E. Bunch acquired 2,000 shares of ConocoPhillips stock in a transaction dated Monday, December 11th. The stock was purchased at an average cost of $52.06 per share, for a total transaction of $104,120.00. Following the completion of the acquisition, the director now directly owns 3,429 shares of the company’s stock, valued at $178,513.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.82% of the stock is owned by company insiders.

COP has been the subject of a number of analyst reports. Barclays lifted their target price on shares of ConocoPhillips from $55.00 to $59.00 and gave the stock an “overweight” rating in a research note on Friday, October 27th. Royal Bank of Canada raised their price target on shares of ConocoPhillips from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, November 9th. Zacks Investment Research cut shares of ConocoPhillips from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Scotiabank restated a “buy” rating and issued a $53.00 price target on shares of ConocoPhillips in a report on Wednesday, November 1st. Finally, Goldman Sachs Group upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and set a $60.00 price target for the company in a report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $56.35.

ConocoPhillips (NYSE COP) opened at $59.76 on Friday. The stock has a market cap of $71,563.59, a PE ratio of -32.30, a PEG ratio of 2.59 and a beta of 1.26. ConocoPhillips has a twelve month low of $42.26 and a twelve month high of $60.24. 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 (NYSE:COP) last issued its quarterly earnings data on Thursday, October 26th. The energy producer reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.08. The firm had revenue of $7.20 billion during the quarter, compared to analysts’ expectations of $6.55 billion. ConocoPhillips had a negative net margin of 7.32% and a positive return on equity of 0.12%. During the same period last year, the company earned ($0.66) earnings per share. sell-side analysts anticipate that ConocoPhillips will post 0.57 EPS for the current fiscal year.

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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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