Fidelity National Financial Inc. held its position in shares of ConocoPhillips (NYSE:COP) during the second quarter, Holdings Channel reports. The firm owned 93,300 shares of the energy producer’s stock at the end of the second quarter. ConocoPhillips makes up 0.9% of Fidelity National Financial Inc.’s investment portfolio, making the stock its 20th largest position. Fidelity National Financial Inc.’s holdings in ConocoPhillips were worth $4,101,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of COP. State Street Corp increased its position in shares of ConocoPhillips by 3.9% in the first quarter. State Street Corp now owns 65,388,296 shares of the energy producer’s stock worth $3,260,918,000 after buying an additional 2,452,533 shares during the last quarter. FMR LLC increased its position in shares of ConocoPhillips by 6.9% in the first quarter. FMR LLC now owns 61,497,903 shares of the energy producer’s stock worth $3,066,900,000 after buying an additional 3,982,002 shares during the last quarter. Macquarie Group Ltd. increased its position in shares of ConocoPhillips by 1.1% in the first quarter. Macquarie Group Ltd. now owns 15,981,830 shares of the energy producer’s stock worth $797,013,000 after buying an additional 176,055 shares during the last quarter. Wellington Management Group LLP increased its position in shares of ConocoPhillips by 255.3% in the first quarter. Wellington Management Group LLP now owns 12,803,885 shares of the energy producer’s stock worth $638,530,000 after buying an additional 9,200,014 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its position in shares of ConocoPhillips by 21.0% in the first quarter. First Eagle Investment Management LLC now owns 10,065,496 shares of the energy producer’s stock worth $501,966,000 after buying an additional 1,744,860 shares during the last quarter. Institutional investors and hedge funds own 68.84% of the company’s stock.

ConocoPhillips (NYSE:COP) traded down 0.40% on Friday, hitting $44.79. 4,206,885 shares of the stock were exchanged. The company has a 50-day moving average price of $44.17 and a 200-day moving average price of $46.50. The firm’s market cap is $54.51 billion. ConocoPhillips has a 52-week low of $39.00 and a 52-week high of $53.17.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, July 27th. The energy producer reported $0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.16. The company had revenue of $8.88 billion during the quarter, compared to the consensus estimate 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 previous year, the company posted ($0.79) EPS. On average, equities research analysts anticipate that ConocoPhillips will post $0.25 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, July 24th will be given a $0.265 dividend. The ex-dividend date of this dividend is Thursday, July 20th. This represents a $1.06 dividend on an annualized basis and a yield of 2.37%. ConocoPhillips’s payout ratio is -34.98%.

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COP has been the topic of a number of recent analyst reports. Scotiabank set a $54.00 target price on shares of ConocoPhillips and gave the stock a “buy” rating in a report on Saturday, July 1st. BidaskClub upgraded shares of ConocoPhillips from a “sell” rating to a “hold” rating in a report on Friday. Sanford C. Bernstein downgraded shares of ConocoPhillips from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $63.00 to $42.00 in a report on Thursday, July 6th. ValuEngine upgraded shares of ConocoPhillips from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Finally, Bank of America Corporation downgraded shares of ConocoPhillips from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $68.00 to $67.00 in a report on Thursday, May 11th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $55.18.

In related news, VP James D. Mcmorran sold 9,091 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $47.47, for a total value of $431,549.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.82% of the company’s stock.

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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