First Merchants Corp boosted its position in ConocoPhillips (NYSE:COP) by 19.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,222 shares of the energy producer’s stock after buying an additional 5,073 shares during the quarter. First Merchants Corp’s holdings in ConocoPhillips were worth $1,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of COP. Vanguard Group Inc. lifted its position in ConocoPhillips by 1.9% in the second quarter. Vanguard Group Inc. now owns 90,547,596 shares of the energy producer’s stock valued at $3,980,473,000 after purchasing an additional 1,694,618 shares during the last quarter. BlackRock Inc. lifted its position in ConocoPhillips by 7.8% in the second quarter. BlackRock Inc. now owns 85,821,694 shares of the energy producer’s stock valued at $3,772,723,000 after purchasing an additional 6,197,896 shares during the last quarter. FMR LLC lifted its position in ConocoPhillips by 6.9% in 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. Bank of New York Mellon Corp lifted its position in ConocoPhillips by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 15,774,835 shares of the energy producer’s stock valued at $693,462,000 after purchasing an additional 397,339 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in ConocoPhillips by 255.3% in the first quarter. Wellington Management Group LLP now owns 12,803,885 shares of the energy producer’s stock valued at $638,530,000 after purchasing an additional 9,200,014 shares during the last quarter. 69.62% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips (NYSE:COP) opened at $52.68 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.23 and a current ratio of 2.38. The company has a market capitalization of $62,573.31, a P/E ratio of 2,617.00, a P/E/G ratio of 12.62 and a beta of 1.26. 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. The company had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $6.55 billion. ConocoPhillips had a positive return on equity of 0.12% and a negative net margin of 7.32%. During the same quarter in the prior year, the company earned ($0.66) earnings per share. research analysts expect that ConocoPhillips will post 0.55 EPS for the current year.

The firm 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. The ex-dividend date was Friday, October 13th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.01%. ConocoPhillips’s dividend payout ratio is presently -57.30%.

Several brokerages have weighed in on COP. Zacks Investment Research downgraded ConocoPhillips from a “buy” rating to a “hold” rating in a research report on Tuesday. Goldman Sachs Group upgraded ConocoPhillips from a “neutral” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Wednesday, December 13th. Credit Suisse Group began coverage on ConocoPhillips in a research report on Monday, December 11th. They issued a “neutral” rating and a $50.00 price objective for the company. Royal Bank of Canada boosted their price objective on ConocoPhillips from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, November 9th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $53.00 price objective on shares of ConocoPhillips in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have assigned a buy rating to the company. ConocoPhillips presently has a consensus rating of “Buy” and a consensus price target of $55.19.

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

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About ConocoPhillips

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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