Leavell Investment Management Inc. cut its stake in ConocoPhillips (NYSE:COP) by 23.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,357 shares of the energy producer’s stock after selling 3,770 shares during the period. Leavell Investment Management Inc.’s holdings in ConocoPhillips were worth $618,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Freestone Capital Holdings LLC lifted its stake in ConocoPhillips by 78.7% during the second quarter. Freestone Capital Holdings LLC now owns 8,047 shares of the energy producer’s stock valued at $354,000 after purchasing an additional 3,543 shares during the last quarter. Point View Wealth Management Inc. lifted its stake in ConocoPhillips by 19.8% during the second quarter. Point View Wealth Management Inc. now owns 32,939 shares of the energy producer’s stock valued at $1,448,000 after purchasing an additional 5,452 shares during the last quarter. Shell Asset Management Co. lifted its stake in ConocoPhillips by 2.4% during the second quarter. Shell Asset Management Co. now owns 202,066 shares of the energy producer’s stock valued at $8,883,000 after purchasing an additional 4,647 shares during the last quarter. FMR LLC lifted its stake in ConocoPhillips by 6.9% during the first quarter. FMR LLC now owns 61,497,903 shares of the energy producer’s stock valued at $3,066,900,000 after purchasing an additional 3,982,002 shares during the last quarter. Finally, Citizens Financial Group Inc. RI lifted its stake in ConocoPhillips by 12.5% during the first quarter. Citizens Financial Group Inc. RI now owns 210,916 shares of the energy producer’s stock valued at $10,518,000 after purchasing an additional 23,434 shares during the last quarter. Institutional investors and hedge funds own 69.87% of the company’s stock.

In related news, Director Charles E. Bunch acquired 2,000 shares of the company’s stock in a transaction on Monday, December 11th. The shares were purchased at an average price of $52.06 per share, for a total transaction of $104,120.00. Following the purchase, the director now owns 3,429 shares in the company, valued at $178,513.74. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.82% of the stock is currently owned by corporate insiders.

Several analysts recently commented on the stock. Royal Bank of Canada increased their target price on shares of ConocoPhillips from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Piper Jaffray Companies restated a “buy” rating and issued a $53.00 price target on shares of ConocoPhillips in a research report on Friday, November 3rd. Credit Suisse Group initiated coverage on shares of ConocoPhillips in a research report on Monday. They issued a “neutral” rating and a $50.00 price target for the company. Goldman Sachs Group upgraded shares of ConocoPhillips to a “buy” rating and set a $60.00 price target for the company in a research report on Wednesday. Finally, Wells Fargo & Company upped their price target on shares of ConocoPhillips from $57.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. ConocoPhillips has a consensus rating of “Buy” and a consensus target price of $55.47.

ConocoPhillips (NYSE COP) opened at $51.68 on Thursday. The firm has a market cap of $62,119.01, a P/E ratio of 2,598.00, a price-to-earnings-growth ratio of 12.53 and a beta of 1.26. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.38 and a quick ratio of 2.23. ConocoPhillips has a 12 month low of $42.26 and a 12 month high of $54.22.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, October 26th. The energy producer reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.08. The firm had revenue of $7.20 billion for the quarter, compared to analyst estimates of $6.55 billion. ConocoPhillips had a negative net margin of 7.32% and a positive return on equity of 0.12%. During the same quarter in the prior year, the business earned ($0.66) EPS. equities research analysts expect that ConocoPhillips will post 0.55 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, October 16th were paid a $0.265 dividend. The ex-dividend date was Friday, October 13th. This represents a $1.06 annualized dividend and a yield of 2.05%. ConocoPhillips’s dividend payout ratio is presently -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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