Advisor Partners LLC increased its stake in shares of ConocoPhillips (NYSE:COP) by 12.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,012 shares of the energy producer’s stock after purchasing an additional 2,145 shares during the quarter. Advisor Partners LLC’s holdings in ConocoPhillips were worth $836,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Financial Management Professionals Inc. increased its position in ConocoPhillips by 0.3% during the 2nd quarter. Financial Management Professionals Inc. now owns 2,294 shares of the energy producer’s stock worth $100,000 after purchasing an additional 6 shares in the last quarter. First Command Bank increased its position in ConocoPhillips by 9.4% during the 2nd quarter. First Command Bank now owns 2,313 shares of the energy producer’s stock worth $101,000 after purchasing an additional 199 shares in the last quarter. Westside Investment Management Inc. increased its position in ConocoPhillips by 468.4% during the 1st quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer’s stock worth $119,000 after purchasing an additional 2,000 shares in the last quarter. Advantage Investment Management LLC increased its position in ConocoPhillips by 65.3% during the 1st quarter. Advantage Investment Management LLC now owns 2,425 shares of the energy producer’s stock worth $121,000 after purchasing an additional 958 shares in the last quarter. Finally, Reilly Financial Advisors LLC increased its position in ConocoPhillips by 20.5% during the 2nd quarter. Reilly Financial Advisors LLC now owns 2,758 shares of the energy producer’s stock worth $121,000 after purchasing an additional 470 shares in the last quarter. Hedge funds and other institutional investors own 68.90% of the company’s stock.

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ConocoPhillips (NYSE COP) opened at 49.31 on Thursday. The firm’s market capitalization is $60.01 billion. The company’s 50-day moving average price is $45.99 and its 200 day moving average price is $45.88. ConocoPhillips has a 52-week low of $40.37 and a 52-week high of $53.17.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, July 27th. The energy producer reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.16. The business had revenue of $8.88 billion for the quarter, compared to analyst estimates of $6.74 billion. ConocoPhillips had a negative return on equity of 2.86% and a negative net margin of 12.29%. During the same quarter in the prior year, the firm posted ($0.79) EPS. Equities research analysts predict that ConocoPhillips will post $0.27 earnings per share for the current year.

Several analysts have commented on the company. Royal Bank Of Canada set a $54.00 price target on ConocoPhillips and gave the company a “buy” rating in a report on Thursday, August 24th. Citigroup Inc. lowered their price target on ConocoPhillips from $65.00 to $57.00 and set a “buy” rating for the company in a report on Friday, July 21st. Jefferies Group LLC set a $59.00 price target on ConocoPhillips and gave the company a “buy” rating in a report on Sunday, July 30th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $52.00 price target on shares of ConocoPhillips in a report on Thursday, June 22nd. Finally, Bank of America Corporation upgraded ConocoPhillips from a “neutral” rating to a “buy” rating and lifted their price target for the company from $51.00 to $58.00 in a report on Friday, July 28th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $54.45.

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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