First National Bank of Mount Dora Trust Investment Services decreased its stake in shares of ConocoPhillips (NYSE:COP) by 2.2% during the fourth quarter, Holdings Channel reports. The fund owned 96,163 shares of the energy producer’s stock after selling 2,164 shares during the period. ConocoPhillips makes up 2.3% of First National Bank of Mount Dora Trust Investment Services’ holdings, making the stock its 14th largest position. First National Bank of Mount Dora Trust Investment Services’ holdings in ConocoPhillips were worth $5,278,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of COP. QUANTRES ASSET MANAGEMENT Ltd bought a new stake in ConocoPhillips during the 4th quarter valued at approximately $719,000. Parametric Portfolio Associates LLC boosted its stake in ConocoPhillips by 2.6% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 3,404,459 shares of the energy producer’s stock valued at $170,393,000 after purchasing an additional 86,655 shares during the period. Shelton Capital Management boosted its stake in ConocoPhillips by 1.4% during the 3rd quarter. Shelton Capital Management now owns 93,456 shares of the energy producer’s stock valued at $4,677,000 after purchasing an additional 1,301 shares during the period. Chicago Partners Investment Group LLC boosted its stake in ConocoPhillips by 27.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 6,004 shares of the energy producer’s stock valued at $301,000 after purchasing an additional 1,278 shares during the period. Finally, Steward Partners Investment Advisory LLC bought a new stake in ConocoPhillips during the 3rd quarter valued at approximately $1,528,000. 69.54% of the stock is currently owned by institutional investors and hedge funds.

Shares of ConocoPhillips (NYSE:COP) opened at $59.75 on Monday. The company has a quick ratio of 2.23, a current ratio of 2.38 and a debt-to-equity ratio of 0.64. ConocoPhillips has a 52-week low of $42.26 and a 52-week high of $60.24. The company has a market capitalization of $71,432.08, a P/E ratio of -32.30, a price-to-earnings-growth ratio of 2.55 and a beta of 1.26.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, October 26th. The energy producer reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate 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 during the quarter, compared to the consensus estimate of $6.55 billion. During the same quarter last year, the company earned ($0.66) EPS. sell-side analysts expect that ConocoPhillips will post 0.57 earnings per share for the current fiscal year.

COP has been the subject of several recent analyst reports. Scotiabank restated a “buy” rating and set a $53.00 target price on shares of ConocoPhillips in a research note on Friday, September 29th. Royal Bank of Canada restated a “buy” rating and set a $54.00 target price on shares of ConocoPhillips in a research note on Friday, September 29th. Zacks Investment Research downgraded ConocoPhillips from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Barclays restated an “overweight” rating and set a $55.00 target price (up previously from $51.00) on shares of ConocoPhillips in a research note on Tuesday, October 10th. Finally, Morgan Stanley increased their target price on ConocoPhillips from $45.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $56.35.

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

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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.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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