Home Federal Bank of Tennessee lessened its holdings in shares of ConocoPhillips (NYSE:COP) by 1.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,269 shares of the energy producer’s stock after selling 178 shares during the quarter. Home Federal Bank of Tennessee’s holdings in ConocoPhillips were worth $1,086,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Lenox Wealth Advisors LLC acquired a new stake in shares of ConocoPhillips in the 1st quarter valued at about $27,000. Smart Portfolios LLC raised its stake in shares of ConocoPhillips by 69.5% in the 4th quarter. Smart Portfolios LLC now owns 478 shares of the energy producer’s stock valued at $30,000 after purchasing an additional 196 shares during the period. Athena Capital Advisors LLC acquired a new stake in shares of ConocoPhillips in the 4th quarter valued at about $32,000. Clarfeld Financial Advisors LLC acquired a new stake in shares of ConocoPhillips in the 4th quarter valued at about $32,000. Finally, Ironwood Financial llc raised its stake in shares of ConocoPhillips by 294.1% in the 4th quarter. Ironwood Financial llc now owns 536 shares of the energy producer’s stock valued at $33,000 after purchasing an additional 400 shares during the period. 73.59% of the stock is currently owned by institutional investors and hedge funds.

NYSE:COP opened at $65.78 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.66 and a current ratio of 1.79. The stock has a market capitalization of $75.26 billion, a P/E ratio of 14.52, a P/E/G ratio of 2.32 and a beta of 1.11. ConocoPhillips has a 52-week low of $56.75 and a 52-week high of $80.24.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, January 31st. The energy producer reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.08. The business had revenue of $10.36 billion for the quarter, compared to the consensus estimate of $10.60 billion. ConocoPhillips had a return on equity of 16.91% and a net margin of 16.16%. During the same quarter in the previous year, the business earned $0.45 earnings per share. On average, analysts anticipate that ConocoPhillips will post 3.81 earnings per share for the current year.

Several analysts have issued reports on the company. Morgan Stanley lifted their price target on ConocoPhillips from $77.00 to $78.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Goldman Sachs Group raised ConocoPhillips from a “neutral” rating to a “buy” rating and lifted their price target for the company from $76.00 to $82.00 in a research note on Sunday, February 3rd. Piper Jaffray Companies raised ConocoPhillips from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $68.00 to $75.00 in a research note on Thursday, March 21st. Barclays reissued a “buy” rating and issued a $79.00 price target on shares of ConocoPhillips in a research note on Friday, January 11th. Finally, Zacks Investment Research raised ConocoPhillips from a “strong sell” rating to a “hold” rating in a research note on Monday, February 11th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. ConocoPhillips has an average rating of “Buy” and an average target price of $79.00.

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ConocoPhillips Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the tight oil reservoirs, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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