Tech Square Trading LP bought a new position in shares of ConocoPhillips (NYSE:COP) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 7,688 shares of the energy producer’s stock, valued at approximately $513,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc boosted its stake in shares of ConocoPhillips by 0.5% during the 3rd quarter. Vanguard Group Inc now owns 88,571,791 shares of the energy producer’s stock worth $6,855,456,000 after buying an additional 451,104 shares during the last quarter. BlackRock Inc. lifted its stake in ConocoPhillips by 1.0% in the 4th quarter. BlackRock Inc. now owns 80,608,101 shares of the energy producer’s stock valued at $5,025,913,000 after purchasing an additional 809,773 shares during the last quarter. Northern Trust Corp lifted its stake in ConocoPhillips by 5.8% in the 4th quarter. Northern Trust Corp now owns 15,650,146 shares of the energy producer’s stock valued at $975,786,000 after purchasing an additional 861,057 shares during the last quarter. Geode Capital Management LLC lifted its stake in ConocoPhillips by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 15,108,105 shares of the energy producer’s stock valued at $940,354,000 after purchasing an additional 659,942 shares during the last quarter. Finally, Norges Bank acquired a new stake in ConocoPhillips in the 4th quarter valued at about $738,471,000. Hedge funds and other institutional investors own 72.12% of the company’s stock.

Several equities research analysts recently issued reports on the stock. ValuEngine downgraded shares of ConocoPhillips from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd. Credit Suisse Group downgraded shares of ConocoPhillips from an “outperform” rating to a “neutral” rating and set a $64.00 price objective for the company. in a research report on Wednesday, May 1st. Piper Jaffray Companies restated a “hold” rating on shares of ConocoPhillips in a research report on Tuesday, February 12th. Zacks Investment Research upgraded shares of ConocoPhillips from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Wednesday, March 13th. Finally, Morgan Stanley raised their price objective on shares of ConocoPhillips from $77.00 to $78.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. ConocoPhillips currently has a consensus rating of “Buy” and a consensus price target of $78.60.

Shares of COP traded up $0.35 during mid-day trading on Tuesday, hitting $59.77. 164,867 shares of the company’s stock were exchanged, compared to its average volume of 5,849,732. ConocoPhillips has a 52 week low of $56.75 and a 52 week high of $80.24. The stock has a market capitalization of $66.64 billion, a PE ratio of 13.20, a P/E/G ratio of 1.43 and a beta of 1.03. The company has a current ratio of 1.86, a quick ratio of 1.72 and a debt-to-equity ratio of 0.45.

ConocoPhillips (NYSE:COP) last announced its earnings results on Tuesday, April 30th. The energy producer reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.08. ConocoPhillips had a net margin of 18.08% and a return on equity of 16.65%. The company had revenue of $10.06 billion for the quarter, compared to analysts’ expectations of $9.16 billion. During the same period last year, the firm earned $0.96 earnings per share. Equities research analysts predict that ConocoPhillips will post 4.35 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 13th were issued a dividend of $0.305 per share. The ex-dividend date was Friday, May 10th. This represents a $1.22 annualized dividend and a dividend yield of 2.04%. ConocoPhillips’s dividend payout ratio is presently 26.93%.

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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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