Heritage Investors Management Corp lessened its stake in shares of ConocoPhillips (NYSE:COP) by 0.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 212,555 shares of the energy producer’s stock after selling 600 shares during the period. Heritage Investors Management Corp’s holdings in ConocoPhillips were worth $14,186,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Pineno Levin & Ford Asset Management Inc. boosted its holdings in ConocoPhillips by 0.4% during the fourth quarter. Pineno Levin & Ford Asset Management Inc. now owns 37,800 shares of the energy producer’s stock worth $2,357,000 after buying an additional 150 shares in the last quarter. First Commonwealth Financial Corp PA boosted its holdings in ConocoPhillips by 2.8% during the fourth quarter. First Commonwealth Financial Corp PA now owns 5,454 shares of the energy producer’s stock worth $340,000 after buying an additional 150 shares in the last quarter. Fishman Jay A Ltd. MI boosted its holdings in ConocoPhillips by 0.4% during the fourth quarter. Fishman Jay A Ltd. MI now owns 38,267 shares of the energy producer’s stock worth $2,386,000 after buying an additional 152 shares in the last quarter. Arete Wealth Advisors LLC boosted its holdings in ConocoPhillips by 1.5% during the fourth quarter. Arete Wealth Advisors LLC now owns 10,832 shares of the energy producer’s stock worth $675,000 after buying an additional 158 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. boosted its holdings in ConocoPhillips by 1.2% during the fourth quarter. Guyasuta Investment Advisors Inc. now owns 14,283 shares of the energy producer’s stock worth $891,000 after buying an additional 175 shares in the last quarter. 73.58% of the stock is currently owned by institutional investors.

A number of analysts recently issued reports on COP shares. Zacks Investment Research downgraded shares of ConocoPhillips from a “hold” rating to a “strong sell” rating in a report on Thursday, January 3rd. Bank of America downgraded shares of ConocoPhillips from a “buy” rating to a “neutral” rating and set a $75.00 price target on the stock. in a report on Friday, January 4th. Barclays reissued a “buy” rating and set a $79.00 price target on shares of ConocoPhillips in a report on Friday, January 11th. Goldman Sachs Group raised shares of ConocoPhillips from a “neutral” rating to a “buy” rating and increased their price target for the stock from $76.00 to $82.00 in a report on Sunday, February 3rd. Finally, Morgan Stanley increased their price target on shares of ConocoPhillips from $77.00 to $78.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $79.00.

NYSE:COP opened at $65.70 on Wednesday. The company has a quick ratio of 1.66, a current ratio of 1.79 and a debt-to-equity ratio of 0.46. The firm has a market cap of $75.01 billion, a price-to-earnings ratio of 14.50, a P/E/G ratio of 2.48 and a beta of 1.11. ConocoPhillips has a fifty-two week low of $56.75 and a fifty-two week high of $80.24.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, January 31st. The energy producer reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.08. The company had revenue of $10.36 billion during the quarter, compared to analysts’ expectations of $10.60 billion. ConocoPhillips had a net margin of 16.16% and a return on equity of 16.91%. During the same period in the prior year, the business posted $0.45 earnings per share. As a group, equities research analysts predict that ConocoPhillips will post 3.56 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The original version of this news story can be accessed at https://www.watchlistnews.com/conocophillips-cop-shares-sold-by-heritage-investors-management-corp/2952812.html.

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.

Featured Article: Commodities

Want to see what other hedge funds are holding COP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ConocoPhillips (NYSE:COP).

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

Receive News & Ratings for ConocoPhillips Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ConocoPhillips and related companies with MarketBeat.com's FREE daily email newsletter.