Intact Investment Management Inc. lifted its holdings in shares of ConocoPhillips (NYSE:COP) by 94.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 10,300 shares of the energy producer’s stock after acquiring an additional 5,000 shares during the period. Intact Investment Management Inc.’s holdings in ConocoPhillips were worth $515,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of COP. Crossmark Global Holdings Inc. purchased a new stake in ConocoPhillips in the third quarter valued at approximately $4,507,000. Honeywell International Inc. boosted its position in ConocoPhillips by 12.9% in the third quarter. Honeywell International Inc. now owns 617,400 shares of the energy producer’s stock valued at $30,901,000 after buying an additional 70,400 shares during the last quarter. Segment Wealth Management LLC purchased a new stake in ConocoPhillips in the third quarter valued at approximately $3,196,000. Calamos Advisors LLC boosted its position in ConocoPhillips by 0.6% in the third quarter. Calamos Advisors LLC now owns 176,676 shares of the energy producer’s stock valued at $8,843,000 after buying an additional 1,013 shares during the last quarter. Finally, First Quadrant L P CA boosted its position in ConocoPhillips by 32.8% in the third quarter. First Quadrant L P CA now owns 20,748 shares of the energy producer’s stock valued at $1,038,000 after buying an additional 5,121 shares during the last quarter. Institutional investors and hedge funds own 69.87% of the company’s stock.

In other news, Director Charles E. Bunch bought 2,000 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was bought at an average cost of $52.06 per share, for a total transaction of $104,120.00. Following the acquisition, the director now directly owns 3,429 shares of the company’s stock, valued at approximately $178,513.74. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.82% of the company’s stock.

A number of brokerages recently commented on COP. Royal Bank of Canada upped their target price on ConocoPhillips from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, November 9th. Piper Jaffray Companies reiterated a “buy” rating and issued a $53.00 target price on shares of ConocoPhillips in a research report on Friday, November 3rd. Credit Suisse Group began coverage on ConocoPhillips in a research report on Monday, December 11th. They issued a “neutral” rating and a $50.00 target price on the stock. Goldman Sachs Group upgraded ConocoPhillips from a “neutral” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Wednesday. Finally, Barclays upped their target price on ConocoPhillips from $55.00 to $59.00 and gave the company an “overweight” rating in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $55.19.

ConocoPhillips (NYSE:COP) opened at $52.17 on Friday. The firm has a market capitalization of $62,537.44, a price-to-earnings ratio of 2,615.50, a PEG ratio of 12.62 and a beta of 1.26. 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 has a twelve month low of $42.26 and a twelve month high of $54.22.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, October 26th. The energy producer reported $0.16 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $6.55 billion. During the same period last year, the business posted ($0.66) EPS. research analysts predict that ConocoPhillips will post 0.55 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, October 16th were issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend was Friday, October 13th. ConocoPhillips’s dividend payout ratio (DPR) is -57.30%.

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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.

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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